The port has been criticised as an example of reckless spending by the government, which has seen the country plunge into economic chaos and left the government unable to repay loans

Freeport LNG announced the closure after assessing the damage. Asian markets are already strained by limited access to Russian LNG due to its war on Ukraine

With Beijing focusing on resource-rich states in South America, China widened the gap with the US last year in many countries - gobbling up soybeans, corn and copper

While conceding his words may have been inappropriate, Bank of Japan governor Haruhiko Kuroda said the remark was intended to help explain the need for more wage growth

Few Chinese farm managers have experience with the necessary intensive data collection, but state-led endeavours hope to breed a self-sustaining herd

The war in Ukraine has aggravated a global food crisis that is causing economic shockwaves around the world and could last for years, expert tells UN Security Council

Covid restrictions have forced Chinese producers of battery materials for EV makers to cut production by up to 40%, reducing demand for lithium

Customs data on Friday showed that China more than doubled its imports of Russian coking coal in April, taking advantage of a large discount compared to other sources

The fund's deputy managing director Kenji Okamura said the Covid pandemic, war in Ukraine and tougher global financial conditions would make this year "challenging" for Asia

The statement comes as oil prices rebounded from two days of losses in a volatile session, bolstered by weakness in the US dollar

The gain was much stronger than a 0.8% year-on-year rise in March, as the impact of mobile phone fee cuts fades

The bank said inflation would remain elevated in the near-term due to supply-side pressures while economic growth will also record a setback