Monday, 30 Sep 2024

Asia

Asia News – Get latest breaking news & top stories today in Asia, South-East Asia, South Asia, East Asia, Australia/New Zealand at…

Canada's farm labor shortage is costing billions and expected to rise: report

OTTAWA (Reuters) – Canada’s farm labor deficit is expected to double by 2029 to 123,000 workers, or one in three jobs, as shortages continue to hit the sector’s bottom line, the Canadian Agriculture Human Resource Council said on Tuesday. Farmers in Canada have long reported challenges in recruiting farm workers because the rural-based work traditionally […]

Franklin Templeton star bond investor Hasenstab questions low-inflation-forever view

COPENHAGEN (Reuters) – Markets and policymakers could be making a mistake in assuming inflation will stay low for ever, bond investor Michael Hasenstab said on Tuesday, adding that a very challenging market environment may lie ahead. Hasenstab, who oversees several bond investment strategies at Franklin Templeton, made his name with contrarian bets on unloved markets […]

China calls for 'calm' as US-Iran tensions rise

BEIJING (AFP) – China on Tuesday (June 25) urged “calm and restraint” as tensions between the US and Iran escalate following US President Donald Trump’s new sanctions on Iran. “We believe that blindly applying maximum pressure will not help solve the problem,” said Chinese Foreign Ministry spokesman Geng Shuang at a press briefing in Beijing. […]

Hong Kong activists crowdfund for anti-extradition bill voice at G-20

HONG KONG (REUTERS) – Hong Kong activists have raised more than HK$5 million (S$866,800) in a crowdfunding campaign to take out newspaper ads in a bid to get a controversial extradition bill on the agenda at the G-20 summit. “We now need your support: get our voices heard at your governments and consulates; let freedom […]

Italy's Tria says he sees no obstacles to EU budget agreement

ROME (Reuters) – Italy’s economy minister said on Tuesday he was confident about the chances of reaching an agreement with the European Union over Rome’s budget, and the new deficit targets will show a “more than prudent” fiscal policy. Brussels is threatening to open a disciplinary action against Italy for its growing debt. “I do […]

Rain-related incidents kill 17 people in India's Uttar Pradesh

NEW DELHI (XINHUA) – At least 17 people have been killed and 19 others injured in rain-related incidents in India’s northern state of Uttar Pradesh, state-run broadcaster All India Radio (AIR) said on Tuesday (June 25). The deaths took place over 36 hours after monsoon rains lashed several parts of the state. “So far, 17 […]

The small town with a dirty secret

Malaysia has become one of the world’s biggest plastic importers, taking in rubbish the rest of the world doesn’t want. But one small town is paying the price for this – and it is now smothered in 17,000 tonnes of waste. It began last summer. Every night, after the clock struck midnight, Daniel Tay knew […]

India plans to offer incentives to companies moving from China

NEW DELHI (BLOOMBERG) – India is weighing offering incentives to attract companies moving out of China amid its trade war with the US, a person familiar with the development said. Financial incentives such as preferential tax rates and the tax holiday provided by Vietnam to lure companies are among measures being considered, the person said, […]