Asia News

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Modi to Be Sworn In as India’s Prime Minister Despite Election Setback

June 8, 2024 at 5:52 PM PDT Narendra Modi will be sworn in as India’s prime minister for a third consecutive term on Sunday, extending his leadership for another five years despite a significant electoral setback that requires him to share power for the first time.   The swearing-in ceremony will take place at the …

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Here are five essential updates to kickstart your day in Asia:

April 14, 2024 at 4:58 PM PDT US Aims to Deescalate Iran-Israel Tensions Efforts are underway to minimize tensions between Iran and Israel following a thwarted attack by Iran, involving over 300 drones and missiles. While Israel and its allies managed to foil the assault, both nations acknowledge a shift in their rivalry. Iran warns …

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Germany Surpasses Japan to Become the World’s Third-Largest Economy

Thu 15 Feb 2024 Germany Surpasses Japan to Become Third-Largest Economy Amid Yen Depreciation   Official data released on Thursday revealed a slower growth in Japan’s economy at 1.9 percent in 2023, leading to Germany overtaking Japan as the world’s third-largest economy.   The decline in Japan’s economic status was primarily attributed to a significant …

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Report: India Considers Allowing Four Public Sector Banks to Pursue Stake Sales in H1 of FY25

According to a report from The Economic Times (ET), the Indian government is considering allowing four state-owned banks to access the capital market to raise funds during the fiscal year 2025. Among the banks earmarked for potential stake sales are Punjab National Bank (PNB) and Central Bank of India (CBI). The objective behind such measures …

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Paytm, India’s Payment Gateway, Rejects Allegations of Forex Norm Violations Following RBI Action

One97 Communications, the parent company of Paytm, is currently under scrutiny by the Reserve Bank of India (RBI) for alleged irregularities in its payment bank operations. The company has refuted reports suggesting that it is facing a regulatory probe to investigate potential violations of foreign exchange norms. According to a regulatory filing, One97 Communications Ltd …

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India Sets Sights on $61 Billion Export Opportunity in UAE, Saudi Arabia, Qatar, and Egypt

India has significant opportunities to enhance trade relations with the UAE, Saudi Arabia, Qatar, and other countries in the coming years, according to an analysis by HSBC. Investors and businesses in India and across the Middle East, North Africa, and Türkiye (MENAT) region are poised for a decade of increased potential, as indicated by a …

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Arms Agendas: Every Taiwanese Party Pursued Increased Defense Capabilities

The presidential and parliamentary elections held in Taiwan on January 13 were, in many ways, the most consequential in the Indo-Pacific region this year. Although larger countries like Indonesia and India will have elections with more voters, Taiwan’s election provides unique insights. Firstly, Taiwan is the only Chinese-speaking country with a thriving democracy, demonstrating the …

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