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West Asia News and Update from Asia Financial

West Asia

Global Coal Capacity Growth Blamed on China, EU, US – FT

New coal power was brought online in China – and Indonesia, India, Vietnam and Japan – while there was a…

1 week ago

Huawei Faces Trial in US for Iran Dealings, Trade Secrets

Chinese tech giant faces a criminal trial in the US after talks failed to settle a years-long dispute over misleading…

2 weeks ago

Saudi Aramco, Gazprom, Coal India Named as Top CO2 Polluters

The three state entities were among 57 fossil fuel and cement producers responsible for the bulk of the world's CO2…

2 weeks ago

Fear of US Sanctions Delaying Oil Payments to Russia, Banks Say

A US Treasury warning of secondary sanctions has sparked concern among banks in China, Turkey and the UAE, delaying payments…

4 weeks ago

Nikkei, Hang Seng Range-Bound Ahead of Major US Data Releases

In Hong Kong, shares of biotech firm WuXi AppTec fell 12% on news that a US-based global trade association representing…

1 month ago

Risk of ‘Environmental Catastrophe’ from Ship Sunk in Red Sea

The sinking of the Rubymar on Saturday poses a major environmental threat to the Red Sea as it was carrying…

2 months ago

IM Motors Raises $1.1bn in Major China EV Brand Deal

Premium electric vehicle brand IM Motors has raised more than 8 billion yuan ($1.1 billion) in its Series B round…

2 months ago

China Upset at US Sanctions on Firms For Russia Dealings

Beijing said it would take measures to safeguard the rights of Chinese firms after the US put trade bans on…

2 months ago

Blacklisted Chinese Surveillance Maker in Saudi Fund Tie-Up

Dahua Technology will manufacture surveillance hardware in Saudi Arabia after signing a deal with a Public Investment Fund entity

2 months ago

Google Set to Launch Satellite to Pinpoint Methane Emission Sites

Google is partnering with the Environmental Defense Fund, a non-profit, with a plan to launch a satellite next month that…

2 months ago

Red Sea Crisis Hurting Indian Exporters As Rivals Nab Business

Small exporters in India, many of whom work on small margins, have warned that job losses could soar if attacks…

2 months ago

EU Looking to Sanction Chinese, India, HK Firms Over Russia Ties

European MPs plan to sanction three Chinese companies, plus businesses in India, Hong Kong and other countries in a bid…

2 months ago