Asia Business

The last carriage horses of Indonesia’s capital endure harsh lives

In a dark stable under a heaving highway in Indonesia’s capital, trucks rumble past emaciated carriage horses tied to pillars in ramshackle wooden stalls, their ribs protruding.The steeds are used to pull traditional wooden carriages known as delman, once a staple of colonial-era transportation, but fading from view in Jakarta in an era dominated by …

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US stocks tumble on fears of slowdown

Wall Street stocks tumbled Friday on worries about slowing US growth, concluding the week on a downcast note following gains in Asia and a mixed session on European bourses.Major US indices spent the entire day in the red before closing about two percent lower after economic data added to worries about the outlook of the …

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US, China economic leaders raise ‘serious concerns’ in first call

US Treasury Secretary Scott Bessent and his Chinese counterpart He Lifeng raised mutual concerns on trade and economic issues in their introductory call Friday, as tensions between the world’s two biggest economies simmer under President Donald Trump’s second term.The talks came shortly after Trump imposed additional tariffs on imports from China over its alleged role …

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Tech, auto, medicines: who will pay Donald Trump’s tariffs?

After steel and aluminium, US President Donald Trump has set his sights on slapping 25 percent tariffs on semiconductors, cars and pharmaceuticals. Trump has already slapped additional 10 percent tariffs on goods from China and has also threatened tariffs on Canada and Mexico, plus ordered a study into putting into place reciprocal tariffs.Here’s a look who …

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Only one in six Japanese citizens has a passport, data shows

Only around one in six Japanese citizens hold valid passports, fresh data shows, with the number of residents travelling abroad slowly recovering but still below pre-pandemic levels.The latest rate is far below the half of Americans with passports, a level that has soared from around five percent in 1990.And in neighbouring South Korea, the figure …

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Nepal community fights to save sacred forests from cable cars

They appear tranquil soaring above Himalayan forests, but a string of cable car projects in Nepal have sparked violent protests, with locals saying environmental protection should trump tourism development.In Nepal’s eastern district of Taplejung, the community has been torn apart by a $22-million government-backed project many say will destroy livelihoods and damage ancient forests they …

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Most Asian markets rise as traders pick over week of headlines

Asian markets mostly rose Friday after a negative day on Wall Street as investors weigh the economic outlook in light of Donald Trump’s tariffs drive and geopolitical machinations.A largely positive week in the region was headed for a healthy finish, and Hong Kong was again the standout performer thanks to the tech sector led by …

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Japan’s core inflation rate hits 19-month high

Japanese inflation accelerated in January, further pressuring households as prices excluding fresh food rose 3.2 percent on-year, government data showed Friday.The rate was the highest since June 2023, fuelling speculation over the timing of the Bank of Japan’s next interest rate hike as it retreats from years of aggressive monetary easing to boost the moribund …

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Stocks mostly fall on tepid Walmart outlook, geopolitical worries

Global stock markets mostly fell on Thursday and gold hit a record high as traders fretted over the impact of US President Donald Trump’s tariffs and a pivot in Washington’s policy on Ukraine.Wall Street indices fell after retail behemoth Walmart issued a lackluster forecast. Shares of Citigroup, Goldman Sachs and JPMorgan Chase fell three percent …

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Chinese workers from Myanmar scam centres start arriving home via Thailand

Hundreds of Chinese workers started to arrive home on Thursday after being freed from online scam centres in Myanmar, as authorities crack down on the illegal operations.Thousands of foreigners are expected to be repatriated from Myanmar in the coming weeks, starting with hundreds of Chinese nationals over the next three days.The compounds are run by …

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