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The Latest Breaking News from Asia

Australia to host Asia-Pacific's biggest data centre

Bitcoin miner turned AI data centre company IREN Limited has announced it will build a massive 800 megawatt hub, supporting hundreds of jobs in one state.

AAP

SKAI Intelligence Partners with Korea's Leading AI Institute to Advance Synthetic Data and Physical AI Research

SEOUL, South Korea, June 4, 2026 /PRNewswire/ -- SKAI Intelligence, a Physical AI company specializing in digital twins and industrial-grade synthetic data, today announced the signing of a memorandum of understanding (MOU) with the Seoul National University AI Institute (AIIS), one of Asia's leading artificial intelligence research organizations, to jointly…

AAP

Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back

Asian shares have retreated following declines on Wall Street that snapped a nine-day winning streak for the S&P 500

AAP

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Agoda Highlights the Rise of the Perpetual Traveler and Other Travel Behaviors Creating New Opportunities for Hotels

SINGAPORE, June 4, 2026 /PRNewswire/ -- Digital travel platform Agoda highlights that the combination of a rising middle class and changing travel habits across Asia is creating new revenue opportunities for the travel and hospitality industry, among other trends. Drawing on recent industry indicators and search trends, Agoda sees the…

AAP

TIIF to shape a new investment architecture for Central Asia

Tashkent will host a major investment forum from June 16-19. This event aims to establish Central Asia as a new hub for economic growth. The forum brings together global investors and business leaders. It focuses on shaping the region's investment agenda. Uzbekistan is solidifying its role as a key investment…

The Economic Times

Global Market Today: Asian stocks drop after Broadcom outlook, oil dips

Asian markets and US futures declined. Broadcom's weak forecast impacted investor sentiment. Renewed US-Iran clashes also weighed on markets. However, a ceasefire between Israel and Lebanon brought some relief. Brent crude prices saw a slight dip following this development. Investors are closely watching geopolitical events.

The Economic Times

Kyrgyzstan elected to UN Security Council for first time in its history

Kyrgyzstan was elected to the UN Security Council as a non-permanent member for 2027-2028, marking a rare win for Central Asia.

Euronews

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Collapse is near: Trump's window to resolve Iran crisis closing fast

West Asia tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil supplies. Economists warn of a significant economic shock if a US-Iran agreement remains elusive. This conflict threatens jobs and economic growth worldwide, particularly in Europe and Asia. The world…

The Economic Times

ADB, StanChart ink partnership to support Indian firms across supply chains

The Asian Development Bank and Standard Chartered Bank have partnered to boost supply chain finance in India. Agreements include risk-sharing for USD transactions via GIFT City and a guarantee facility for rupee transactions, aiming to expand access for businesses and enhance trade flows.

The Economic Times

CKGSB Opens Applications for Asia Start Program in November 2026 after a Successful May Edition

BEIJING, June 3, 2026 /PRNewswire/ -- Cheung Kong Graduate School of Business (CKGSB) successfully completes its May edition of the Asia Start Program. The May cohort brought together a diverse group of 25 senior executives from 19 countries across Europe, Australia, Asia, and the Americas, representing industries ranging from technology…

AAP

Asia's industrial supercycle is outpacing the West Asia oil shock: Chetan Ahya, Morgan Stanley

A China-driven supply realignment, cutting gas imports by 45% and oil by 30%, has effectively added 7.5 million barrels daily to global markets, neutralising energy price fears. Morgan Stanley's Chetan Ahya argues a broad-based capex boom across AI, energy, defence, and industrial sectors is powering Asian growth, while urging India…

The Economic Times

China out, India in? The Japanese begin a quiet but powerful pivot

Japanese banks are increasingly shifting their Asia strategy from China to India and Southeast Asia as slowing growth, rising costs and geopolitical risks reduce China's appeal. Over the past five years, Japanese regional banks have cut their branch presence in China by about 20%, while lending by Japan's three megabanks…

The Economic Times

TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest person

Zhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index. The ByteDance cofounder’s fortune swelled more than sevenfold since Bloomberg started tracking his wealth in March 2019, when he was worth $13 billion.

The Economic Times

OECD warns prolonged Middle East war could sharply slow global growth

The global economy faces uncertainty due to the Middle East conflict. The OECD warns of recession and rising inflation if the war continues into next year. A prolonged conflict could significantly slow global growth. Asian nations heavily reliant on Middle East energy supplies are expected to face the biggest impact.…

The Economic Times

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The Economic Times

Asia rice surges 20% in May as war and weather threaten output

Asian rice prices experienced their largest monthly surge in nearly two decades in May, driven by weather risks and escalating energy and fertilizer costs. Farmers in import-reliant Asia are facing high input expenses, with some delaying or skipping planting.

AAP

VINEXPO ASIA 2026 IN HONG KONG REAFFIRMS INTERNATIONAL CONFIDENCE IN ASIAN MARKETS

HONG KONG, June 3, 2026 /PRNewswire/ -- Held from 26 to 28 May, the 2026 edition of Vinexpo Asia consolidated Hong Kong's position as a major platform for wine and spirits trade in the Asia-Pacific region. Bringing together 14,273 trade professionals from 76 markets, compared with 59 in 2024, and…

The Economic Times

Global Market Today: Asian stocks edge up, Yen nears 160 per dollar

Asian stocks followed Wall Street higher, driven by renewed enthusiasm for AI-linked equities, pushing the S&P 500 to a ninth consecutive gain. The yen neared the 160-per-dollar level as traders awaited clues on Bank of Japan interest rate policy. Meanwhile, Brent crude rose amid reports of US forces intercepting Iranian…

The Economic Times

War shifts 80% of India's diesel exports to Africa

India's diesel exports saw a significant shift in May. Africa became the primary destination, absorbing over 80% of shipments. This change happened as demand from Asia and Europe weakened. Geopolitical tensions also reshaped global diesel trade flows. Higher refinery operations in Asia reduced import needs. Europe received no diesel, while…

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Radio France Internationale

First contact: Uzbekistan's rise to the global stage

Uzbekistan will make its World Cup debut at the 2026 tournament in the United States, Mexico and Canada. In the second instalment of a four-part series, RFI looks at the journey of the first team from central Asia to qualify for the competition in its 96-year history.

AAP

DAMAC Digital reaches 6,000MW planned IT capacity landbank across North America, Europe, Asia, and the Middle East

CANNES, France and DUBAI, UAE, June 2, 2026 /PRNewswire/ -- DAMAC Digital, a global digital infrastructure provider owned by DAMAC Group, has announced that its planned IT capacity landbank has reached 6,000MW across 13 countries and a planned portfolio of 35+ sites. The company is on a trajectory of global…

The Times of India

How medicine forgot women and why Asia cannot afford to make the same mistake

Women’s health has long been treated as a specialised category - its own clinics, its own awareness months, its own funding silo. That framing is problematic because women’s health is a missing layer of healthcare infrastructure, not a niche. Until it is designed into the foundations of how we build,…

AAP

Asian shares mostly slip as latest fighting undermines the US-Iran ceasefire

Asian shares are mostly lower as renewed fighting threatens the U.S.-Iran ceasefire

The Economic Times

The Iran war is pushing the global gas trade into the shadows

As the Strait of Hormuz remains under Iranian control amid the ongoing West Asia conflict, Qatar has quietly resumed some LNG exports by adopting tactics more commonly associated with the oil industry's “shadow fleet.” LNG carriers are increasingly switching off transponders, travelling in pairs, and making “dark transits” through the…

The Economic Times

Why Asia's oil lifeline can't survive on US crude alone

Asian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to the closure of the Strait of Hormuz. This situation is creating supply challenges for refineries. Experts believe prices for refined fuels may rise. Less developed countries in Asia…

Euronews

From Almaty to the skies: Kazakhstan tests Central Asia's first air taxi

Central Asia's first air taxi test flight has taken place in Kazakhstan, as authorities and private partners work to develop a new urban air mobility network. Commercial trial operations are expected by early 2029, subject to certification and regulatory approval.

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