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Beijing says US-backed Asia plan seeks to 'decouple' countries from China
BEIJING (Reuters): China's foreign ministry said on Wednesday (May 25) a US-backed economic plan for Asia seeks to decouple countries from the Chinese economy, but many countries are worried about the "huge cost" of doing so.
Indonesia launches programme to develop border areas
JAKARTA (The Jakarta Post/Asia News Network): Two Cabinet ministers recently visited Indonesia’s northernmost regency in a show of the government’s commitment to maintaining territorial integrity and developing the economies of outlying regions, but experts say its commitment in the long term remains to be seen.
S&P: Malaysia to continue leading Islamic banking growth in southeast Asia
KUALA LUMPUR: Malaysia is on track to continue leading the growth of Islamic banking in Southeast Asia, said S&P Global Ratings.
Russia pushed closer to brink of default after U.S. payment license expires
WASHINGTON/LONDON (Reuters) -The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its license to pay bondholders, as Washington ramps up pressure on the country following its invasion of Ukraine.
Exclusive-Two senior Grab executives quit as company rejigs unit to stem losses - sources
SINGAPORE - Two top executives at Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.
Asian stocks eke out gains as slowdown concerns linger
BENGALURU: Asia's emerging market stocks rose on Wednesday to partially offset some losses posted earlier in the week even as slowdown worries persist, with central banks across the world facing pressure to pursue aggressive rate hikes to contain inflation.
Pfizer to sell all its patented drugs at nonprofit price in low-income countries
(Reuters) - Pfizer Inc will make all of its patented medicines including COVID-19 treatment Paxlovid and big-selling breast cancer drug Ibrance available at a not-for-profit price to 45 of the world's poorest countries, the drugmaker said on Wednesday.
How Asian celebrities are taking over the fashion world, one brand at a time
Huge fandoms with high purchasing power are driving international brands to engage more Asian stars in their campaigns.
Malaysia setting up centre for 4IR to spur economic recovery
KUALA LUMPUR: Malaysia is setting up a Centre for the Fourth Industrial Revolution (C4IR), an independent centre within the World Economic Forum (WEF), to support the achievement of the country’s overarching vision under its 4IR Policy launched in 2021, as well as the Malaysia Digital Economy Blueprint.
S.Korean Naver's robotics ambitions challenged by 5G on-the-ground realities
SEONGNAM, South Korea (Reuters) - On weekdays, South Korean tech company Naver Corp's new headquarters near Seoul resembles a scene straight out of a science-fiction movie, with some 40 robots ambling across floors and delivering parcels and Starbucks coffee to humans.
