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Asia Pacific

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Russia imprisons Australian for 13 years over fighting for Ukraine
Russia jails Australian man for 13 years as he fought on Ukraine side

MOSCOW, Russia: Russia has sentenced a 33-year-old Australian man to 13 years in a high-security prison for fighting with Ukrainian...

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...

EconomyInFocus | Shanghai sharpens competitive edge with its advanced manufacturing
EconomyInFocus | Shanghai sharpens competitive edge with its advanced manufacturing

SHANGHAI, May 20 (Xinhua) -- Taking manufacturing as the city's important support for core competitiveness, Shanghai is now vigorously...

(SP)CHINA-XINJIANG-AKSU-TAKLIMAKAN RALLY-OPENING (CN)
(SP)CHINA-XINJIANG-AKSU-TAKLIMAKAN RALLY-OPENING (CN)

(250520) -- AKSU, May 20, 2025 (Xinhua) -- Driver Wu Jing and co-driver Liang Dongdong of China set off during the starting ceremony...

(SP)MALAYSIA-KUALA LUMPUR-BADMINTON-MALAYSIA MASTERS-MEN'S DOUBLES
(SP)MALAYSIA-KUALA LUMPUR-BADMINTON-MALAYSIA MASTERS-MEN'S DOUBLES

(250520) -- KUALA LUMPUR, May 20, 2025 (Xinhua) -- Daniel Lundgaard/Mads Vestergaard (R) compete during the men's doubles round of...

Business

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Apple blocks Fortnite on iPhones in US, Epic Games says
Apple blocks access to video game Fortnite in US, EU, Epic Games says

STOCKHOLM, Sweden: Apple has blocked access to the popular video game Fortnite on iPhones in the United States and through Epic Games'...

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...