Exiled Thai activists fear for their lives in Southeast Asia
After years of exile in Laos for violating lese-majeste laws, the Thai protest band Faiyen arrived in France, seeking asylum and singing songs forbidden at home. Their escape comes as more activists are disappearing.
U.S. slaps duties on steel from Asia in trade enforcement action
The U.S. moved to impose additional duties on steel coming from Asia, expanding a crackdown on what the Trump administration views as unfair trading practices by other countries. The U.S. is also hitting back at Huawei's Constitutional Challenge to Sales Ban.
Apple said to mull shifting 15-30% of output from China
Apple is asking major suppliers to evaluate the cost implications of shifting 15% to 30% of production capacity from China to Southeast Asia, Nikkei reports. Meanwhile, A group of chief executive officers of American corporations are set to meet with Chinese Premier Li Keqiang this week as the simmering trade war ensnares companies from both countries, sources say.
German fintech Wirecard stock jumps after corruption charge clearance
The German fintech company had been accused of cooking its books to inflate profits. An independent investigation has found that the accusations were false, though individual employees in Asia may be charged with crimes.
Citigroup said to face $180M loss on loan to Asia fund
Citigroup Inc. faces losses of as much as $180 million on loans made to an Asian hedge fund whose foreign-exchange wagers went awry, according to a person briefed on the matter.
Top 10 travel destinations in 2018
6 out of the 10 top cities visited in 2018 are in Asia, according to Euromonitor. Which have you visited?
Egypt plans foray into Asia bond market
Egypt says its officials will tour Asia later this year to test interest in the country’s debt, part of government efforts to expand borrowing options as volatility roils emerging markets.
New species of ant explodes to defend colony
Research published in the journal ZooKeys tells of a new species of exploding ant found in South East Asia's jungles.
Hong Kong's housing shortage drives prices up
Rents in Hong Kong are the highest in Asia. A three-room apartment in the city center can cost around 8,000 euros a month. The territory has limited land for new housing, and is facing a squeeze as more seniors and young singles seek to live alone.