Asia Pacific – Page 1021 – Prologue Journal

AI frenzy boosts shares of Asia tech hardware exporters amid optimism over chip sales

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Investors looking at chip giants like SK Hynix and TSMC are undeterred by expectations for a US recession and worsening Sino-American relations. https://www.scmp.com/tech/tech-trends/article/3221744/ai-frenzy-boosts-shares-asia-tech-hardware-exporters-amid-optimism-over-chip-sales?utm_source=rss_feed

Singapore economy posts smaller contraction in first quarter as global demand weakens

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. GDP declined an annualised 0.4 per cent in the January-March period from the previous three months. https://www.scmp.com/news/asia/southeast-asia/article/3221742/singapore-economy-posts-smaller-contraction-first-quarter-global-demand-weakens?utm_source=rss_feed

Japan’s PM says population crisis is an ‘emergency’, so why is he holding back funding?

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Japan’s PM Kishida will not introduce taxes or raise existing ones to address the nation’s population crisis, even as his administration prioritises providing support for families to raise children. https://www.scmp.com/week-asia/people/article/3221702/japans-pm-says-population-crisis-emergency-so-why-he-holding-back-funding?utm_source=rss_feed

Chinese tourists to return to Taiwan’s outer islands in June after 3-year hiatus, lawmaker says

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Taiwanese legislator Chen Yu-jen, who represents Quemoy for the opposition Kuomintang party, has asked authorities to lift a ban on mainland Chinese travellers. https://www.scmp.com/economy/global-economy/article/3221700/chinese-tourists-return-taiwans-outer-islands-june-after-3-year-hiatus-lawmaker-says?utm_source=rss_feed

Your Thursday Briefing: DeSantis’s Presidential Run

New York Times Also, China cracks down on comedy. https://www.nytimes.com/2023/05/24/briefing/desantis-trump-china-censorship-tina-turner.html

Fast-fashion giant Shein plans Mexico factory

Reuters Reuters exclusively revealed that online fashion giant Shein is exploring plans to build a manufacturing hub in Mexico as the company faces increased scrutiny from U.S. lawmakers and looks to expand its Latin America footprint. The post Fast-fashion giant Shein plans Mexico factory appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/fast-fashion-giant-shein-plans-mexico-factory/

Congo to hike stake in copper, cobalt venture with China

Reuters Reuters exclusively revealed that The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. The post Congo to hike stake in copper, cobalt…

HSBC puts global footprint under fresh scrutiny, considers dozen exits

Reuters In his first interview since taking the role, Chief Financial Officer Georges Elhedery exclusively told Reuters that HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion. The post HSBC puts global footprint under…

Tasered 95-year-old grandmother dies in Australia; officer faces charges

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Clare Nowland, who had dementia, had been hospitalised since her skull was fractured when she fell on May 17 after an officer shocked her with a stun gun. https://www.scmp.com/news/asia/australasia/article/3221727/tasered-95-year-old-grandmother-dies-australia-officer-faces-charges?utm_source=rss_feed

S Korea experts have completed checks on Fukushima radioactive water release facilities

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. ‘We saw every necessary facility that was included in the initial plan,’ said Yoo Guk-hee, head of the 21-member delegation whose team will hold talks with Japanese officials in Tokyo on Thursday. https://www.scmp.com/news/asia/east-asia/article/3221724/s-korea-experts-say-japan-carefully-answered-questions-fukushima-radioactive-water-release-plan?utm_source=rss_feed