Tag: Breaking News: Asia
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Trump admin unveils anti-Iran global sanctions plan, signals China not exempt
The Trump administration unveiled a plan to isolate Iran’s economy by threatening to impose secondary sanctions on the Islamic Republic’s “enablers.”
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Japan headline inflation rate hits highest this year as energy prices bite
Core inflation — which strips out prices of fresh food but includes energy — was in line with expectations, coming in at 1.8%.
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Humanoid robots’ ‘ChatGPT moment’ could be 10 years away, Unitree founder says
Unitree founder Wang Xingxing says humanoid robots could take up to 10 years to reach a breakthrough comparable to ChatGPT.
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Trump says Iran’s economy is collapsing. A former central bank adviser in Tehran pushes back
Iran’s economy is deteriorating under the weight of mounting sanctions, but far from unraveling, a former adviser to Iran’s central bank told CNBC.
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Japan exports beat estimates in July as robust chip shipments power fifth straight month of gains
Shipments of semiconductor equipment posted a massive 49.1% jump in value, reflecting continued demand, boosted by the artificial intelligence boom.
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Seoul, Washington to halve joint drills as Trump reportedly seeks summit with North Korea’s Kim
Seoul, Washington to halve joint drills as Trump reportedly seeks summit with North Korea’s Kim
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Ship attacked in Hormuz Strait as U.S.-Iran ceasefire expiry risks prolonged conflict
The attack caused damage to the engine room and resulted in a crew casualty, UKMTO said, adding that the remaining crew were being assisted by the Omani Coast Guard.
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China’s economy slows further in July as retail sales barely grow, investment slump steepens
The data is reinforcing concerns about the health of the world’s second-largest economy, which has grappled with a deepening supply-demand imbalance.
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Japan second-quarter GDP grows 1.1% on an annualized basis, missing expectations
On an annualized basis, Japan saw growth of 1.1%, against estimates of 2%.
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Beijing is said to move to clarify tax rules stoking confusion among China’s ultra-wealthy
Beijing is said to be moving to clarify ambiguities in new tax rules on offshore trusts after the policy sowed confusion among wealthy Chinese and advisors.
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