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Asia Pacific

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Japan’s economy shrinks, first contraction in a year
Japan's economy shrinks more than expected as US tariff hit looms

TOKYO, Japan: Japan's economy contracted for the first time in a year, shrinking at a faster pace than expected in the first quarter...

Sweden backs EU entry into Pacific trade bloc
Sweden to propose EU membership of Pacific rim free trade group CPTPP

STOCKHOLM, Sweden: Sweden plans to propose that the European Union join the Pacific Rim trading bloc, the CPTPP, aiming to create the...

Update: Xi sends congratulatory letter to 2025 SCO forum on poverty reduction, sustainable development
Update: Xi sends congratulatory letter to 2025 SCO forum on poverty reduction, sustainable development

BEIJING, May 20 (Xinhua) -- Chinese President Xi Jinping on Tuesday sent a congratulatory letter to the 2025 SCO (the Shanghai Cooperation...

Indian markets open flat on a positive note, reality index leads the gains
Indian markets open flat on a positive note, reality index leads the gains

Mumbai (Maharashtra) [India], May 20 (ANI): Indian benchmark indices opened on a flat yet positive note on Monday, tracking cues from...

Thailand, Nepal progress to Global Qualifier for ICC Women's T20 World Cup 2026
Thailand, Nepal progress to Global Qualifier for ICC Women's T20 World Cup 2026

New Delhi [India] May 20 (ANI): Asia's entrants for the upcoming 2026 ICC Women's T20 World Cup Qualifier have been locked in, with...

Six grave mistakes that mark Lai's first year in office as Taiwan leader
Six grave mistakes that mark Lai's first year in office as Taiwan leader

BEIJING, May 20 (Xinhua) -- Tuesday marked the first anniversary of Lai Ching-te's tenure as the leader of Taiwan. The 65-year-old...

Business

Section
Wall Street falters as America's credit rating is downgraded
Moody's AAA rating downgrade dents U.S. stock markets, dollar, bonds

NEW YORK, New York - U.S. stocks struggled on Monday as a further downgrading of U.S. debt by Moody's sent the dollar sliding and Treasury...

Richemont sales up 7% on strong jewelry demand
Cartier owner Richemont beats expectations as jewelry shines

PARIS, France: Richemont, the owner of luxury brands Cartier and Van Cleef & Arpels, posted a stronger-than-expected seven percent...

Japan’s economy shrinks, first contraction in a year
Japan's economy shrinks more than expected as US tariff hit looms

TOKYO, Japan: Japan's economy contracted for the first time in a year, shrinking at a faster pace than expected in the first quarter...

Summer could strain power supply in US, Canada, grid operator warns
Middle swath of North America at risk of power shortfalls this summer

WASHINGTON, D.C.: Parts of the U.S. and Canada may not have enough electricity this summer if hot weather causes more people to use...

Amid retail slowdown, Dick’s Sporting to acquire Foot Locker
Dick's Sporting to buy Foot Locker for $2.4 billion

CORAOPOLIS, Pennsylvania: Dick's Sporting Goods is set to acquire Foot Locker in a US$2.4 billion deal, marking the second major footwear...

Walmart warns shoppers of price hikes amid rising tariffs
Walmart shoppers to face price hikes as Trump tariffs hit

BENTONVILLE, Arkansas: Walmart shoppers are bracing for price hikes as the world's largest retailer prepares to pass on the impact...