Rich Asian nations which are limping back to normalcy from the pandemic will give their cash-strapped counterparts in the continent a good run for their money as Saudi Arabia, the largest oil producer, hiked prices for its black gold, for Asia, its largest market.
Less than 25 days into office, South Korean President Yoon Suk-yeol said on June 3 that the economic situation in Asia's fourth-largest economy was too grave to talk about the civic poll victories of his party members in June 1 elections.
From the ubiquitous chicken rice sold by hawkers to luxury hotels, every eatery in Singapore is hit because of the ban imposed by neighboring Malaysia, from where the city-state gets more than a third of its supply.
The Philippines has protested against China's unilateral fishing ban in the resource-rich and busy waterway in the South China Sea even as president-elect Ferdinand Marcos Jr. is all set to court China as part of his promise of policy continuity.
"Sri Lanka is now putting wanted ads for a PM," this was Ranil Wickremasinghe's response to a question by a daily few days ago about whether he would accept the post of the prime minister in an interim arrangement.
Ferdinand Marcos Jr is set to start his new innings as the Philippines' President on a winning note as the archipelago's consumption-based economy started doing well for the first time recently.
Currently, all political parties in crisis-ridden Sri Lanka are sulking to shoulder the burden of putting things in order and heed the request of the executive presidency. Their reluctance has given enough room for the army to act on its own as the country is already placed under emergency.
Australian caretaker Prime Minister Scott Morrison is very much against the South Pacific island nation's pro-China tilt and its secret pact with the communist nation.
As the West is trying to make it difficult for Russia to sell its oil, nations like India and China have increased their purchase from Russia sighting their increasing energy needs. India's demand for cheaper oil from Russia, which China is already doing, is more of an economic calculation than political opportunism.
With inflation rising twice as fast as wages, Morrison's Liberal-National coalition, which maintains a mere one-seat majority in the lower house of parliament, is under heavy pressure as the opposition Centre-left Labor is ahead in opinion polls.
India has accused Xiaomi of breaching the foreign exchange laws of the country, forcing Indian Enforcement Directorate (ED), the country’s financial investigation agency, to seize the company’s assets in the country on April 30.
A study by Finland-based independent think-tank Centre for Research on Energy and Clean Air (CREA) showed that 71 percent of the €63 billion worth of fossil fuels, including crude, oil products, piped gas, LNG, and coal, were exported by Russia to the EU nations since the Russian invasion of Ukraine.
Dumping a foreign policy that has consistently played an intricate balancing act between the U.S., with whom it has a military pact, and China, its leading trading partner, South Korean President-elect Yoon Suk-yeol has hinted at joining the Quadrilateral Security Dialogue (QUAD), if invited.
Myanmar is unusual following years of a quasi-democracy and the Feb. 1 coup d'état last year. It is investment, political and geopolitical influence that are overriding interest of the ASEAN, U.S., China, and India in Myanmar as its armed forces are subjugating an entire population.
Chinese efforts to make Pakistan a client state are not finding favor with all people in the country, who have started to target Chinese projects and its nationals to prevent Islamabad from serving as a gateway to further China’s go global plans.
President-elect Yoon Suk Yeol of South Korea has offered an olive branch to Tokyo with the Ukraine crisis serving as a reminder to both countries of their reliance on their mutual ally the U.S.
Currency devaluation has been the preferred choice of Japan to boost its gross domestic product for decades. But the weak-yen obsession has now started to bite Asia’s second-biggest economy amidst the Ukraine crisis.
Armed with sticks and carrots, a bevy of top U.S. officials trooped into New Delhi last month only to return empty-handed, however, now, it is the turn of UK Prime Minister Boris Johnson to woo India away from Russian influence – a tough task indeed.
Amid war with Ukraine and tension with the west, Russia on Wednesday successfully test-fired the intercontinental ballistic missile Sarmat which Russia claims is the most powerful missile in the world.
Ties between the U.S. and Gulf monarchies like Saudi Arabia and the United Arab Emirates (UAE) are clogged with distrust and tensions between them have been laid bare in recent years.
The immediate priority of the U.S.-led allies is to put in place a global security order centered around them, and let the climate change continue wreaking havoc from Brazil to the Philippines at will.
A landlocked Nepal may head towards its South Asian neighbor Sri Lanka's apocalyptic economic woes with its impending foreign exchange crisis.
Tens of thousands of protesters took to the street in Pakistan after Imran Khan was ousted in a parliamentary no-trust vote as prime minister of the nuclear-armed South Asia nation which is all set to install Khan's replacement.
Industrial metals lost sheen after the 1970s when successive oil shocks rocked the global economy. However, after the Russian invasion of Ukraine on Feb. 24 they are rapidly returning to the center stage and the global metal economy has started hogging the limelight.
New era of warfare has started with hypersonic missiles and Russia is standing tall with the early bird status by using them for the first time on a battlefield. The U.S., which missed the bus, is making up for the lost time.
By imposing and later revoking the islandwide emergency, Sri Lankan President Gotabaya Rajapaksa has converted what was essentially economic mismanagement into political unrest and a humanitarian crisis in the South Asia nation.
India has defied western diktats and chose to look for its own interests, despite the sanctions imposed by the U.S. and Europe on Russia for invading Ukraine, by seeking to set up a rupee-ruble payment system to trade with Russia.
Pakistan Prime Minister Imran Khan cleverly framed the political narrative of the Islamic republic which termed going against him as akin to going against the founding fathers and the constitution hence securing himself a graceful way out of a serious diplomatic and political mess.
Arguably facing the biggest challenge of his political career, Pakistan premier Imran Khan's future appears to be hanging by a thread. The trust vote, which the cricketer legend will face on April 3, will decide whether the Islamic nation falls for a communist China or opts for a free market war economy of the U.S.
India’s Modi government on Thursday reduced disturbed areas under Armed Forces Special Powers Act (AFSPA) in Nagaland, Assam and Manipur, the northeastern states which were facing insurgency for a long time.
Marine Le Pen’s softer image and new status as a working-class champion have fetched her laurels ahead of the French presidential polls in April.
After the Russian invasion of Ukraine Feb. 24, NATO was forced to refrain from sanctioning Russian nickel-producing behemoth Norilsk Nickel and Vladimir Potanin, its oligarch chairman, fearing for the production of Electric Vehicle (EV) batteries.
The Ukraine crisis has become a perfect storm in Africa with impact visible on three fronts - oil, food, and fertilizer -- as Western sanctions and blockade of ports on the Black Sea have started to bite.
With the Ukraine crisis, the global wheat supply has been dried up and the global plan to achieve Zero Hunger by 2030, a Sustainable Development Goal (SDG), has turned topsy-turvy.
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