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Cyclones caused damage estimated at $20 billion in Asia in recent weeks. A new study warns that these costs will soar unless nations slash use of fossil fuels, and spend big on adaption in coastal cities.
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Asia Media Digest
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Daily roundup of the best New Economy stories from other media
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Revenues of China's top military firms fell 10% last year after the PLA and its Rocket Force were targets of a corruption crackdown ordered by President Xi, new report says
Directors of renovation firm arrested; 'repeated complaints about mesh fire risk'; less than a third of the dead identified; 19 Filipina domestics among 200 still missing
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Market InsightsHere’s How China’s ‘Self-Interest’ May Be Adding to Global InflationChina’s imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Market InsightsFresh snap lockdowns put China’s economic recovery in perilChina’s economy slowed sharply in the second quarter due to widespread lockdowns. Now, a nascent third-quarter recovery in the world's second-largest economy appears in danger of stalling.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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