World

In the wake of a devastating Osprey hybrid plane crash near Yakushima island, Japan has requested the US military to pause its Osprey operations temporarily. This comes as search and rescue operations continue following the fatal incident during a routine training mission. One crew member has been confirmed dead, and the search for the remaining six intensifies. The Osprey, renowned …

FinanceAsia, the leading source of financial news and analysis in Asia, has announced the winners of its annual Achievement Awards for 2023. The awards recognize the most outstanding transactions and institutions in the region, as well as the best banks, law firms, and rating agencies that facilitated them. The year 2023 was a challenging one for the Asian financial markets, …

In a celestial ballet high above the South China Sea, two Chinese fighter jets engaged in a mesmerizing orbital dance around a Philippine aircraft during joint sea and air exercises with Australia. The ethereal display unfolded on the second day of collaborative patrols, casting a spotlight on the complex geopolitical choreography in the contested waters. The South China Sea, cradling …

In an effort to “systematically cultivate” a sense of national identity among primary school pupils, Hong Kong’s Education Bureau has announced a new mandatory humanities subject that emphasises “patriotic education”. It is slated to replace general studies from September 2025. The comprehensive humanities curriculum encompasses Chinese culture, history and geography, with topics ranging from national security legislation to the achievements …

In a historic turn of events, the Seoul High Court in South Korea has handed down a verdict favoring a group of former “comfort women,” injecting renewed vigor into their protracted battle for justice against the Japanese government. This pivotal ruling defies the 2021 decision by a lower court, challenging the notion of “sovereign immunity” and asserting South Korea’s jurisdiction, …

In a move triggering heightened global concerns, North Korea has officially declared plans to launch a satellite, possibly within days, intensifying tensions on the international stage. This marks North Korea’s third attempt to deploy a military satellite, with previous efforts in May and August encountering setbacks. Despite explicit warnings from South Korea, Japan, and the United States against such provocations, …

In a significant stride towards financial interconnectivity, Singapore and Indonesia have unveiled cross-border payment services, ushering in a new era of economic collaboration in Southeast Asia. Twelve banks from both nations are now part of a revolutionary system, allowing customers to make seamless payments across borders through QR code scanning. This collaborative move, announced jointly by Bank Indonesia and the …

Last week’s imposition of a sweeping short selling ban by South Korean regulators sparked criticism from international banks, alleging authorities succumbed to local retail investors’ demands ahead of April’s parliamentary elections. Effective until June next year, the ban responded to alleged naked short selling, claimed to distort fair price formation in South Korea’s capital markets. Representatives from two global banks, …

The United States and China are headed for conflict in a geopolitical environment that is changing quickly, with Taiwan at the core of escalating hostilities. A breakdown in military communication routes between the two superpowers has made the threat of a third major world battle much more imminent. Experts fear that the situation has reached a critical point where war …

India has formally appealed against the Death Sentences handed down to eight former naval officers by a Qatari Court. The individuals who were working for the Oman-based private Company Dahra Global Technologies and Consultancy Services, Providing training and Services to Qatar’s armed forces were arrested by Qatari authorities in August and Sentenced last month following a trial that Commenced in …