Less than four months after the collapse of the FTX exchange, crypto companies are again finding themselves assessing exposure to an embattled partner and cutting ties preemptively to avoid contagion.
A top Philippine defense official said a plan to give the US more access to military bases would boost the Southeast Asian country’s defense capabilities against threats to its security as geopolitical tensions simmer.
When Chancellor Olaf Scholz arrives at the White House on Friday, the challenge of how to maintain weapons supplies to Ukraine will be high on the agenda.
(Bloomberg) — China’s central bank Governor Yi Gang signaled monetary policy will largely be stable this year, saying interest rates in the economy are appropriate, inflation will remain under control and the currency’s volatility wasn’t a concern.
Former Malaysian Prime Minister Najib Razak scored a rare legal victory Friday as the country’s high court freed him from one of his cases involving troubled state fund 1MDB.
Turkish inflation is expected to be at its lowest in a year when the statistics office reports data on Friday, though state spending following deadly earthquakes and looser monetary policy risk a return to an upward path.
Two Federal Reserve policymakers cautioned that recent stronger-than-expected readings on the US economy could push them to raise interest rates by more than previously expected.
Chinese internet moguls like Tencent’s Pony Ma have dropped from key lawmaking and advisory bodies, replaced by chip researchers and engineers in a sign of Beijing’s lingering distrust for private enterprise and focus on winning the tech race with the US.
Inflation in Tokyo decelerated for the first time in more than a year, as ramped-up government subsidies masked a strengthening price trend that will keep scrutiny on the Bank of Japan’s policy path under the likely leadership of Kazuo Ueda.
The US and South Korea plan to hold large-scale military drills, defying threats by North Korea to unleash an unprecedented response to the exercises and turn the Pacific Ocean into its “firing range.”
