EconomicsMalaysian authorities intercepted two tankers off Penang allegedly transferring 700,000 litres of diesel illegally, shining a light on the booming shadow fleet oil trade that has flourished across Southeast Asia amid global shipping disruptions.
EconomicsNissan has reported reduced losses for the fiscal year ending March 2025 and is projecting a return to profitability, according to ABC News - a tentative sign of life for the embattled Japanese automaker.
EconomicsIraq has announced a major new oil discovery near the Saudi border, even as it already holds the world's fifth largest proven reserves at 145 billion barrels. The news arrives amid escalating tensions around the Strait of Hormuz.
EconomicsRising trade volumes are overwhelming rail, port and pipeline infrastructure across the Caspian-Central Asia corridor, while the Middle Corridor between Asia and Europe is growing in strategic relevance.
EconomicsHong Kong Chief Executive John Lee Ka-chiu met with EU representatives to discuss trade and cooperation, with both sides citing a shared commitment to multilateralism amid global market instability.
EconomicsAnalysts argue that China's rise in advanced manufacturing sectors like electric vehicles and batteries stems from structural competitive forces as much as state subsidies, complicating the global policy response.
EconomicsThe EU has removed three Tajik banks from its sanctions list, a move that highlights sharply diverging compliance trajectories across Central Asia as Kyrgyzstan faces growing international pressure over financial oversight.
EconomicsThe United Arab Emirates has announced its withdrawal from OPEC, citing longstanding frustration with the production quotas the cartel requires its members to follow.
EconomicsThe US economy added 115,000 jobs in April and unemployment held at 4.3 percent, but economists are warning that underlying weakness may be obscured by the stronger-than-expected headline figures.
EconomicsTrainline posted profits of £122 million but warned that US-Iran tensions are reducing air travel into Europe, dampening demand for rail tickets among foreign visitors.
EconomicsChina's export economy, which withstood U.S. tariffs under the Trump administration, is now facing rising costs, falling factory orders, and job pressures linked to the ongoing Middle East conflict involving Iran.
EconomicsIndonesia and the Philippines have introduced work-from-home policies for civil servants to reduce energy costs, but analysts say the projected savings do not fully account for increased household electricity consumption.
EconomicsUkrainian equities have been included in a London-listed fund for the first time, creating a formal investment channel for Ukraine's post-war reconstruction and current economic resilience.
EconomicsThe conflict in Iran has contributed to a global fertilizer shortage, forcing farmers worldwide to adopt alternative techniques to protect crops and raising concerns about food security in vulnerable regions.
EconomicsA U.S. government refund platform is set to launch Monday, allowing businesses to file claims for reimbursement on $166 billion in tariffs the Supreme Court ruled were illegally collected.
EconomicsKazakhstan is working to shift its agricultural exports from raw commodities like sunflower meal and durum wheat toward higher-value processed food products, with a target date of 2028 to make value-added goods the dominant share of its export portfolio.
EconomicsChina's export sector, having weathered U.S. tariffs, is now under fresh strain from the Middle East conflict, with factory orders, shipping costs and jobs all feeling the pressure, according to BBC reporting.
EconomicsBrent crude jumped more than 7 percent after the United States and Iran issued contradictory statements about the status of ongoing ceasefire and nuclear negotiations, rattling global energy markets.
EconomicsDespite aggressive tariff threats, analysts say the U.S. remains structurally dependent on Canada across energy, trade, and supply chains - giving Ottawa more negotiating leverage than Washington publicly acknowledges.
