An Air New Zealand airplane waits for passengers at Wellington International airport on February 20, 2020. Marty Melville | Afp | Getty Images Air New Zealand will ask passengers to weigh themselves before boarding international flights in a trial that aims to improve fuel efficiency. The carrier said Monday that over the coming weeks it…
People wearing face masks crossing a street at Hong Kong’s Wan Chai district on Feb. 16, 2021. Zhang Wei | China News Service | Getty Images Hong Kong’s benchmark index entered bear market territory Wednesday on an intraday basis, erasing the rebound gains from China’s reopening. The Hang Seng index hit a session low of…
A man watches a television screen showing a news broadcast with file footage of North Korea’s leader Kim Jong Un, at the Seoul Railway Station in Seoul on May 31, 2023. Jung Yeon-je | Afp | Getty Images North Korea’s first attempt at launching a military spy satellite resulted in failure on Wednesday, with South…
Asahi Super Dry is one of Asahi Group Holding’s core beverage brands. Bloomberg | Bloomberg | Getty Images Japan’s Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world’s largest beer market. “We’ve been struggling hard since the first half of the 1990s. We…
The Shenzhou 16 spacecraft and its carrier rocket lift off from Jiuquan Satellite Launch Center on May 30, 2023 in Jiuquan, China. Kevin Frayer | Getty Images China launched its Shenzhou-16 spacecraft crewed by three astronauts on Tuesday, the China Manned Space Agency said in a statement, declaring the launch a “complete success.” The agency…
This photograph taken on October 20, 2022 shows a replica of the Big Ben Tower at the Londoner Casino resort at the Cotai Strip in Macau. (Photo by Eduardo Leal / AFP) (Photo by EDUARDO LEAL/AFP via Getty Images) Eduardo Leal | Afp | Getty Images Tourists in Asia no longer have to take long…
Talk about Asia’s travel recovery is still largely focused on the return of Chinese travelers. But it’s Indians travelers who are searching for international trips faster than travelers in any other market in the world, Agoda’s CEO, Omri Morgenshtern, told CNBC Travel. “The entire thing is booming,” he said. “India outbound [travel] is growing much…
India is facing an increase in milk prices, and it’s not expected to ease up until November. Matthew Lloyd | Bloomberg | Getty Images India, the world’s dairy powerhouse, is facing an increase in milk prices, and it’s not expected to ease up until November. “In the last 15 months there has been [an] extraordinary…
China has so far not acted in an aggressive manner toward shipping in the South China Sea, but the very potential of action creates a clear threat to the economies of Japan and South Korea. Kazuhiro Nogi | AFP | Getty Images The following commentary is from Kevin Klowden, chief global strategist of Milken Institute….
US House Speaker Kevin McCarthy (R-CA) speaks to the media as he leaves a meeting on the debt ceiling with US President Joe Biden at the White House in Washington, DC, on May 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images WASHINGTON — A significant group of House Republicans raised questions Tuesday about whether…
Pita Limjaroenrat, leader of the Move Forward Party (center), at a rally in Bangkok, Thailand, on May 18 2023. Valeria Mongelli | Bloomberg | Getty Images Thailand’s preliminary election results was a triumph for the progressive Move Forward party but its reforms are set to threaten conservative forces that may move to prevent the pro-democracy…
A man reads a Thai newspaper featuring front page coverage of Thailand’s general election at a newsstand in Bangkok on May 15, 2023. Lillian Suwanrumpha | Afp | Getty Images There’s plenty of optimism about Thailand as its tourism potential, but political headwinds could still be a game-changer, says Kelvin Tay from UBS Global Wealth…
Chinese tourists walk past an installation depicting Taiwan (R) and mainland China at a tourist area on Pingtan island, the closest point to Taiwan, in China’s southeast Fujian province on April 6, 2023. Greg Baker | AFP | Getty Images Fraying U.S.-China relations and rising tensions over Taiwan have influential business leaders such as Elon…
Chinese tech giant Tencent released quarterly results Wednesday. Nurphoto | Nurphoto | Getty Images Tencent reported an 11% jump in quarterly revenue Wednesday, marking its fastest growth in more than a year, as the company saw a big rebound in payment volumes, ad sales, and gaming. Here’s how Tencent did in the first quarter, versus…
Visitors look at a Jidu Robo-01 electric SUV during the 20th Guangzhou International Automobile Exhibition at Canton Fair Complex on Dec. 30, 2022 in Guangzhou, China. Zou Wei | Visual China Group | Getty Images On Tuesday, the U.S. government accused a former Apple employee, Weibao Wang, of stealing trade secrets from the company’s self-driving…
A bus in Hong Kong bears an advertisement for digital brokerage Futu. Traders use the app to access markets beyond China. Sopa Images | LightRocket | Getty Images Shares of online brokerages Futu Holdings and Up Fintech Holding were sharply lower on the Nasdaq Tuesday after they said they’ll remove their apps from online stores…
A man walks past an ad for the Samsung Galaxy Z Flip4 smartphone at the company’s Seocho building in Seoul on Jan. 31, 2023. Jung Yeon-je | Afp | Getty Images Consumer tech giant Samsung is looking into launching a central bank digital currency in a collaboration with the Bank of Korea. The South Korean…
A worker handles a block of ice at a wet market during a heat wave in Bangkok, Thailand, on Thursday, April 27, 2023. Andre Malerba | Bloomberg | Getty Images Several cities in Southeast Asia experienced sweltering temperatures over the weekend, with some areas hitting new-all time highs as global climate change intensifies both heat…
A man reads a Thai newspaper featuring front page coverage of Thailand’s general election at a newsstand in Bangkok on May 15, 2023. (Photo by Lillian SUWANRUMPHA / AFP) (Photo by LILLIAN SUWANRUMPHA/AFP via Getty Images) Lillian Suwanrumpha | Afp | Getty Images Thai stocks rose briefly while the Thai baht momentarily touched a three-month high…
Pedestrians walk past Yum! Brands Inc. Pizza Hut and KFC restaurants in Shanghai, China. Qilai Shen | Bloomberg | Getty Images China is leaving behind pandemic lockdowns, and U.S. companies like Procter & Gamble, Starbucks and MGM Resorts International say the country’s recovery is boosting their overall sales as consumers in their home markets watch…