Asia Defense Spending Ramps Up Amid U.S.-China Tensions

As conflicts rage in Ukraine and the Middle East, countries around the world are spending more on their militaries. In 2023, total global defense expenditure reached $2.2 trillion, a 9% increase from the previous year, a new report from the think tank International Institute for Strategic Studies revealed on Tuesday. The major drivers of this … Read more

Year of the Dragon might bring Asia an auspicious baby boom

TAIPEI, Taiwan — Governments across East Asia — from China and Taiwan to Japan and South Korea — have been trying to convince women to have more babies. It’s getting existential: China is fast running out of the workers needed to power its manufacturing-focused economy and is forecast to lose as many as 200 million … Read more

L’Oreal shares down 4% on lower-than-expected sales, slowdown in Asia

Balint Porneczi/Bloomberg | Getty Images LONDON — L’Oreal shares fell more than 7.3% in early deals Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia. Shares of the stock had recovered slightly to trade down by 4.5% at 10:40 a.m. London time. The world’s … Read more

Shares of Tesla suppliers, EV makers in Asia fall after Tesla results

A Tesla Inc. Model 3 long range electric vehicle charges at the Tesla Supercharger station in Kettleman City, California, U.S., on Wednesday, July 31, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of electric vehicle makers and Tesla’s Asia suppliers tumbled on Thursday after the EV maker missed fourth quarter revenue and profit … Read more

Southeast Asia markets are poised for a comeback with valuations at ‘bargain basement,’ Maybank says

A woman (R) adjusts the Philippines flag before the 51st Association of Southeast Asian Nations (ASEAN)- Republic of Korea Ministerial Meeting in Singapore on August 3, 2018. Mohd Rasfan | Afp | Getty Images Southeast Asia markets could see a turnaround in 2024 on the back of cheap valuations and potentially high economic growth, after … Read more

Air pollution and politics pose cross-border challenges in South Asia

LAHORE, Pakistan — The air smells burnt in Lahore, a city in Pakistan’s east that used to be famous for its gardens but has become infamous for its terrible air quality. Toxic smog has sickened tens of thousands of people in recent months. Flights have been canceled. Artificial rain was deployed last December to battle … Read more

Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada began its latest round of layoffs on Wednesday, a person with direct knowledge of the matter told CNBC, following a slew of media reports about cuts … Read more

Investors are bullish on Asia in 2024. Here’s what to look out for

A screen displays the Nikkei 225 Stock Average figure at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Oct. 30, 2023. The expansion of Israel’s ground operations in Gaza added more pressure to global markets as investors prepare for a busy week packed with major central … Read more

Zack Snyder’s Sci-Fi Epic Rebel Moon Scores Big for Netflix

Sofia Boutella as Kora and Michiel Huisman as Gunnar in Rebel Moon.Photo: Chris Strother/Netflix Zack Snyder is used to topping the box office, but his latest release has conquered a different playing field. While 2021’s Army of the Dead had a limited theatrical release before its arrival on Netflix, his newest, Rebel Moon – Part … Read more