International Monetary Fund (IMF)

IMF Warns of Tariff Risks to Asia’s Growth Prospects Amid Rising Trade Tensions

The International Monetary Fund (IMF) has sounded a cautionary note about the growing risk of escalating tariffs in undermining Asia’s economic prospects. Speaking at a forum on systemic risk in Cebu, IMF Asia-Pacific Director Krishna Srinivasan highlighted the potential impact...
Xi Jinping

Xi Jinping Urges Unity Against Protectionism at APEC Summit Amid Rising Global Challenges

Chinese President Xi Jinping has called for stronger unity and cooperation among Asia-Pacific economies to counter the rising tide of global protectionism. Addressing leaders at the Asia-Pacific Economic Cooperation (APEC) summit on Saturday, Xi warned of the dangers posed by...
Airbus

Airbus Projects Massive Growth in Asia-Pacific Aviation Sector, Forecasting Demand for 19,500 New Aircraft by 2043

Airbus has unveiled a comprehensive market forecast for the Asia-Pacific region, predicting that airlines across Asia will require 19,500 new aircraft over the next 20 years. This ambitious projection, disclosed by Anand Stanley, President of Airbus Asia-Pacific, at the Association...
Indonesian and Australian joint military drills

Australia and Indonesia Hold Largest Joint Military Exercise Amid Rising Asia-Pacific Tensions

In a move underscoring their shared commitment to regional security, over 2,000 Indonesian and Australian troops convened on Indonesia’s main island, Java, for joint military exercises on Wednesday, November 13. This exercise, named Keris Woomera, comes in the wake of...
Kamala Harris-Donald Trump

2024 US Elections: East Asian Economic Response, Adjustments in Regional Trade

The election of Donald Trump to the U.S. presidency in 2016 sent ripples through East Asia, prompting significant recalibration among economic policymakers on the region’s reliance on U.S. leadership in global trade. Today, the question is no longer just about...
Lloyd Austin and the South Korean defence minister, Kim Yong-hyun, gave a joint press conference at the Pentagon

North Korean Troops in Russian Uniforms Headed to Kursk, Near Ukraine, in a ‘Dangerous’ Development, U.S. says

In the ongoing Russia-Ukraine conflict, North Korean troops are reportedly moving toward the Russian region of Kursk, close to the Ukrainian border. These troops, reportedly wearing Russian uniforms and equipped with Russian weaponry, are part of what U.S. Defense Secretary...
Xi Jinping-Joe Biden

Xi Jinping Presses Biden to Adjust U.S. Stance on Taiwan Independence

During a critical diplomatic exchange last year near San Francisco, Chinese President Xi Jinping pressed U.S. President Joe Biden to make a key change to the language the United States uses to express its stance on Taiwan’s independence. According to...
Philippines Defence Secretary Gilberto Teodoro

Philippines Confident in U.S. Policy Stability Post-Election, Focuses on Defense Strengthening Amid South China Sea Tensions

As the U.S. presidential election draws near, the Philippines has expressed confidence that U.S. policies in the Asia-Pacific region will remain steady, regardless of the election’s outcome, according to the Philippines’ Defence Secretary, Gilberto Teodoro. Amid increasing tensions in the...
Royal Australian Navy guided-missile frigate HMAS Parramatta (FFH 154), US Navy Amphibious assault ship USS America (LHA 6)

Australia’s US$4.7 Billion Advanced US missiles Deal: Strengthening Naval Defences Amid Asia-Pacific Tensions

Australia has announced a US$4.7 billion deal to equip its navy with advanced US-made medium- and long-range missiles. This significant investment is part of a broader strategy to counter growing concerns about China's increasing military presence and "coercive tactics" in...
China Economic Data

China on Brink of Recession: A Looming Economic Crisis with Global Consequences

For the first time since 2008, and excluding the Covid-19 pandemic, China stands on the precipice of a recession. New economic data reveals a troubling decline in manufacturing, which contracted for the fourth consecutive month. This significant slowdown in China’s...
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