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Bloomberg (September 26)

2022/ 09/ 26 by jd in Global News

“Asian markets risk a reprise of crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength. The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan.”

 

CNN (August 12)

2022/ 08/ 14 by jd in Global News

“Hong Kong has recorded its sharpest annual drop in population,” falling from “7.41 million people to 7.29 million, a 1.6% decrease.” Experts attribute the exodus to “strict Covid control measures and a political crackdown that have taken the shine off a financial hub long advertised as ‘Asia’s world city.’”

 

Reuters (July 21)

2022/ 07/ 24 by jd in Global News

“Worries over a global slowdown are casting a shadow over Asia’s recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure on policymakers to support their economies while tightening monetary policy to combat inflation.”

 

The Economist (July 2)

2022/ 07/ 04 by jd in Global News

“The pecking order of financial centres is changing.” Hong Kong, Shanghai and Singapore are all vying as “the map of Asian financial hubs is being redrawn.” Given that, “the region’s two emerging giants, China and India, have partial capital controls,” Singapore stands to “be the main beneficiary—provided it can handle some of the downsides of being a global centre for other people’s business.”

 

Reuters (February 27)

2022/ 02/ 28 by jd in Global News

“International companies with exposure to Russia are girding for further Western sanctions following Moscow’s invasion of Ukraine.” Among the most exposed companies in Asia are Japan Tobacco, Marubeni, Mitsubishi Corporation, SBI Holdings, and Toyota.

 

Washington Post (October 2)

2021/ 10/ 04 by jd in Global News

“The commercial pipeline that each year brings $1 trillion worth of toys, clothing, electronics and furniture from Asia to the United States is clogged and no one knows how to unclog it.” The median cost of container shipping *from China to the West Coast of the United States hit a record $20,586, almost twice what it cost in July, which was twice what it cost in January.” Supply chain problems are now “expected to last through 2022.”

 

Financial Times (July 2)

2021/ 07/ 04 by jd in Global News

“The readings on the Tankan, widely regarded as Japan’s most reliable economic data series, suggest Asia’s only G7 economy is well-positioned for growth in the second half of the year.”

 

The Economist (January 30)

2021/ 02/ 01 by jd in Global News

“No part of the world matters more to America’s interests than Asia, and no part stands to lose so much from an American retreat.” As he sets about repairing four years of Trump damage, Joe Biden will find many receptive. “None of China’s neighbours wants it to call all the military and economic shots,” but “the trick for President Joe Biden will be to restore faith in America without asking Asian countries to take its side openly against China.”

 

The Economist (December 5)

2020/ 12/ 07 by jd in Global News

“Europe and America have shown that King Coal can be dethroned.” Next Asia must step up to “topple coal.” Fortunately, this “is overwhelmingly in Asia’s interest to do so. Its people, infrastructure and agriculture are dangerously exposed to the droughts, flooding, storms and rising sea levels caused by climate change….. Coal’s days are numbered. The sooner it is consigned to museums and history books, the better.”

 

Reuters (October 30)

2019/ 11/ 01 by jd in Global News

“Climate change will put three times more people at risk of coastal flooding by 2050 than previously thought… with swathes of Asia and cities in North America and Europe all vulnerable to rising seas.” According to the latest study, “300 million people are now living on land that is likely to flood at least once a year on average by mid-century… even if governments manage to make sharp cuts in emissions.”

 

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