South Korea's inflation rate jumped by 4.8% in April, raising expectation of further interest rate rises by the country's central bank

RBA governor Philip Lowe said it was appropriate to start normalising monetary conditions as inflation was more than expected, but the economic outlook was still positive

Israel's ISMC will invest almost $3 billion in India's first semiconductor fabrication plant in Karnataka state, Mint reported.

Japan's famously thrifty consumers are tightening their belts despite sitting on an estimated 50 trillion yen ($383bn) in savings accrued during the pandemic

Chinese officials met with local and foreign banks to discuss how to protect overseas assets from sanctions such as those imposed on Russia for invading Ukraine, the FT said

WeChat said on Friday it will reveal users' locations when they post on the country's popular messaging service

The funding puts the industry in the tricky position of pushing for grants but facing headwinds to investment in Chinese factories and financial backing of Chinese startups

E-commerce giants Alibaba, JD.com, and Meituan all closed up more than 15% while the Hang Seng Tech index climbed more than 10%. 

With electric vehicle demand soaring Tata Motors now plans to produce more than 80,000 this financial year, which would be more than four times its output in 2021

Germany is seeking closer ties with countries that share its democratic values in the Asia-Pacific region, such as Japan, Australia, South Korea and India, Schultz said

China's biggest Covid outbreak since Wuhan has raised further scepticism on the country's data. Critics say there is little transparency

The move by China's version of Twitter is aimed at countering malicious disinformation and other posts that are seen as "bad behaviour"