Asia

President Joe Biden revealed plans to visit Vietnam in a bid to enhance U.S. relations with Asian countries and counter Xi Jinping's China influence, Bloomberg reports. Speaking at a Democratic fundraiser in Albuquerque, New Mexico, Biden emphasized Vietnam’s interest in transforming their...

In a recent exchange on Twitter, Tesla Asia highlighted the superior performance of electric vehicles (EVs) in high-altitude areas. What Happened: The conversation took place when a Tesla enthusiast shared a photo of a Tesla Model Y at the foot of the Mount Everest. Responding to the tweet, Tesla...

The Malaysian ringgit’s slide towards a 24-year low has raised expectations that the Bank Negara Malaysia (BNM) will intervene to halt the decline. The currency has fallen more than 5% in the past three months, underperforming all its emerging Asian peers due to domestic political...

In a retaliatory move, the Cambodian government has announced a ban on members of Meta’s oversight board from entering the country. This decision comes in response to the board’s recommendation to suspend Prime Minister Hun Sen‘s Facebook account for six months, Nikkei Asia...

In a stark reminder of Japan’s rapidly declining birthrate, the number of households in the country with children fell below 10 million in 2022 for the first time since comparable data became available in 1986, as reported on Tuesday. What Happened: The number of households with children...

China is reportedly sitting on a $6 trillion pile of money, half of which is “hidden,” posing a new kind of risk to the global economy, according to Brad Setser, a former US trade and Treasury official. The “Shadow Reserves” Setser states that a significant portion of China...

An 11-year-old video blogger, Song-a, who shares her life in Pyongyang on Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) video streaming platform YouTube, has been identified by South Korea’s National Intelligence Service (NIS) as a part of North Korea’s “psychological warfare...

US Treasury Secretary, Janet Yellen, is set to visit Beijing this week for a meeting with senior Chinese officials, CNBC reports. The Objective of the Visit The Treasury has indicated that Yellen’s visit aims to discuss various macroeconomic and financial issues. The goal is to “...

In a shocking incident at Don Mueang International Airport in Bangkok, a 57-year-old Thai woman had her leg amputated following a severe accident involving a moving walkway. The accident occurred on Thursday morning in the domestic passenger terminal, CNN reports. Unexplained AccidentThe woman, en...

South Koreans are now a year or two younger due to a new law that aligns the country’s traditional age-counting methods with international standards, BBC reports. Changes in Age-CountingThe law eliminates the traditional system that considered South Koreans one-year-old at birth, counting...

CNBC “Mad Money” host Jim Cramer weighed in on the Chinese economy and offered a bleak outlook for the U.S. market in the first session after the Federal Reserve's June rate-setting meeting. Cramer's China Take: Cramer offered his take on a monetary policy action...

Corporate chiefs have been making a beeline for China ever since the country reopened its economy late last year following the strict COVID-19 lockdowns. What Happened: Bill Gates, a former tech entrepreneur who has now settled into the role of a climate evangelist and philanthropist, is in China...

Electric vehicle stocks had a mixed outing in the week ending June 9, with the upward momentum in Tesla, Inc. (NASDAQ:TSLA) shares accelerating. The Elon Musk-led company brought down charging infrastructure stocks following a deal it announced with General Motors Corp. (NYSE:GM). Here are the key...

Electric vehicle upstart Lucid Group, Inc. (NASDAQ:LCID) could be setting its sights on the highly-competitive Chinese market even as it struggles to navigate through the early phases of commercialization in the U.S. What Happened: Lucid hired auto industry veteran Zhu Jiang recently to head its...

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk's China visit is a big deal as the billionaire is visiting the country for the first time in about three years, said Wedbush analyst Daniel Ives. What To Expect: Musk is likely to spend most of his visit around the key Giga Shanghai factory, Ives said in a...