Ukraine war puts poor Asia, not rich Europe, in the dark

Through a year of war in Ukraine, the US and most European nations have worked to help counter Russia, in supporting Ukraine both with armaments and in world energy markets. Russia was Europe’s main energy supplier when it invaded Ukraine, and President Vladimir Putin threatened to leave Europeans to freeze “like a wolf’s tail” – […]Continue Reading

How India’s scandal-hit Adani Group hushes critics

The short-seller’s report alleged the conglomerate had artificially inflated its market value using related-party transactions conducted through tax havens. The stock market reaction sent the firm’s billionaire founder, until then Asia’s richest man, tumbling down the ranks of global rich-listers, though shares in the group’s listed entities have since stabilised.Continue Reading

Mideast countries don’t want to choose between US, China

The warm welcome for Chinese President Xi Jinping to Saudi Arabia in December was interpreted by many as a sign of Chinese resurgence in the Middle East and a growing crisis in US-Saudi relations. China has become increasingly active in the Middle East both economically and politically over the past decade. Its approach to the region […]Continue Reading

Japan, South Korea foreign ministers meet on sidelines of Munich Security Conference

TOKYO: Japan’s foreign minister Yoshimasa Hayashi met his South Korean counterpart Park Jin on Saturday (Feb 18) and reiterated the need for continued communications between the two countries to return to a “healthy relationship”. Meeting on the sidelines of the Munich Security Conference, the two foreign ministers agreed to “closeContinue Reading

Raytheon, Lockheed take a balloon war hit in China

Photo: Reuters/Mick Tsikas

Beijing’s latest sanctions against Lockheed Martin Corp and Raytheon Missiles & Defense may affect some of the companies’ joint ventures in China, commentators said. China’s Ministry of Commerce on Thursday (February 16) said it had added the two US defense contractors to its “unreliable entities list” as they sold arms to Taiwan. It said the […]Continue Reading