Asia Business

China’s embassy in Bangkok called on Chinese companies operating abroad to comply with local laws after a Chinese construction firm came under scrutiny for a deadly building collapse in last week’s earthquake.The 30-storey skyscraper, set to house government offices, was the only major building to collapse in Bangkok when a 7.7 magnitude earthquake struck neighbouring …

China urges firms to follow laws after Bangkok building collapse Read More »

Chinese EV maker Xiaomi said it would cooperate with a police investigation into a fatal crash involving one of its cars which had been in autonomous mode just before the accident.Three college students died on Saturday night after their Xiaomi SU7 hit a concrete barrier on a section of the Dezhou-Shangrao Expressway in eastern Anhui …

Fatal Xiaomi crash raises questions about assisted driving tech in China Read More »

Asian markets edged up Wednesday as nervous investors brace for Donald Trump’s wave of tariffs later in the day, though speculation about what he has in store is stoking uncertainty on trading floors.Equities have been battered leading up to the US president’s announcement — which he has dubbed “Liberation Day” — with warnings that friend …

Asian markets edge up but uncertainty rules ahead of Trump tariffs Read More »

Japanese video game giant Nintendo is set to unveil the new version of its hugely popular Switch console on Wednesday, with the update eagerly awaited by both gamers and investors.Everything from the release date to the price of the Switch 2 is set to be announced at 1300 GMT during a one-hour video broadcast online …

Nintendo to unveil upgrade to best-selling Switch console Read More »

Gaming giant Nintendo is set to unveil the successor to its phenomenally popular Switch console on Wednesday.Here are some facts about its success: – 150 million sold -Nintendo has sold around 150 million Switch machines since the gadget’s launch in March 2017.That makes it the third best-selling console in video game history, behind Sony’s PlayStation 2 …

Nintendo’s megahit Switch console: what to know Read More »

Global stock markets mostly rose Tuesday on a quiet day of trading ahead of US President Donald Trump’s widely-touted announcement on reciprocal tariffs.US stock markets initially ticked lower as uncertainty reigned over the size and scope of the latest move in Trump’s campaign to shake up global trade, but closed in mixed territory, a day …

Stock markets mostly advance ahead of Trump tariffs deadline Read More »

A Chinese construction company is facing questions over the deadly collapse of a Bangkok skyscraper — the only major building in the capital to fall in a catastrophic earthquake that has killed more than 2,000 people in Thailand and neighbouring Myanmar.The 30-storey tower, still under construction, was to house government offices, but the shaking reduced …

Chinese developer under scrutiny over Bangkok tower quake collapse Read More »

US trading partners scrambled Tuesday to prepare for the latest raft of Donald Trump tariffs, after the US president left unclear who would be targeted but promised to be “very kind” in addressing what he says are unfair trade imbalances.Trump — who has been making unprecedented use of presidential powers since taking office in January …

World economies brace for Trump tariffs deadline Read More »

Whole herds of cattle have drowned in vast inland floods sweeping across the Australian outback, officials said Tuesday, as the muddy tide drenched an area the size of France.Swollen rivers burst their banks after unusually heavy downpours last week over outback Queensland, an arid region home to some of the country’s largest cattle ranches.Officials said …

‘Heartbreaking’ floods swamp Australia’s cattle country Read More »

Asian markets mostly rose Tuesday, clawing back some of the hefty losses suffered in recent weeks, though sentiment remains sluggish and gold hit another record high as Donald Trump prepares to unveil sweeping tariffs.Investors have been rushing to position themselves for the US president’s “Liberation Day” on Wednesday, when he warned he will impose levies …

Asian markets edge back but Trump tariff fears dampen mood Read More »