Support for Japanese Prime Minister Fumio Kishida’s cabinet stalled in some media polls, with a scandal involving his son adding to the problems starting to overshadow the kudos he gained for hosting the Group of Seven summit.
The Turkish lira is at risk of a 29% slump should President Recep Tayyip Erdogan, who clinched another five-year term, stick to his policy of keeping interest rates low.
Taiwan is considering keeping nuclear power plants on standby in case of emergencies, signaling a loosening of policy to phase out the energy source.
Vietnam’s exports contracted for a fourth month so far this year, adding to risks of a growth slowdown in an economy already battling a crisis in the local property sector.
Thailand must bolster its revenue collection in the long term to meet growing public spending needs stemming from an aging population, according to the World Bank.
President Joe Biden and House Speaker Kevin McCarthy compromised on bitterly contested disputes over federal spending and assistance for the poor as part of their debt-limit deal. They must now sell the agreement to lawmakers from both parties.
The Japanese startup Gitai, fresh off raising a new round of funding, is expanding in the US as it seeks to create a robot workforce that will reduce the costs and risks of operating in space.
With President Recep Tayyip Erdogan sealing a comfortable reelection victory on Sunday, investors’ focus now shifts to appointment of a new cabinet that could signal revisions to an economic policy mix many view as unsustainable.
Profits at industrial firms in China kept falling in the first four months of the year, underlining cooling demand and deepening factory-gate deflation in the world’s second-largest economy.
President Joe Biden said he and House Speaker Kevin McCarthy reached a final agreement to avert a historic US default after the two spoke again Sunday afternoon.
