Latest East Asia News

China's Ant Group shares credit data with central bank

Sep. 23, 2021 05:17 AM EDT

BEIJING (AP) — China’s central bank will soon have access to private credit information of hundreds of millions of users of Ant Group’s online credit service, in a move signaling more regulatory oversight of the financial technology sector. Huabei, Ant Group’s...

Taiwan asks to join trade group, says China might interfere

Sep. 23, 2021 04:47 AM EDT

TAIPEI, Taiwan (AP) — Taiwan announced Thursday it has applied to join an 11-nation Pacific trade group, setting up a potential clash with rival Beijing over the status of the island democracy. The Chinese government, which claims Taiwan as part of its territory, gave...

World shares advance after Fed signals it will ease support

Sep. 23, 2021 04:01 AM EDT

World shares were mostly higher Thursday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the U.S. economy later this year. Benchmarks rose in Paris, London, Hong Kong, Shanghai and most other markets. U.S. futures were higher....

Tensions grow as US, allies deepen Indo-Pacific involvement

Sep. 23, 2021 00:16 AM EDT

BANGKOK (AP) — With increasingly strong talk in support of Taiwan, a new deal to supply Australia with nuclear submarines, and the launch of a European strategy for greater engagement in the Indo-Pacific, the U.S. and its allies are becoming growingly assertive in their approach toward a...

Asian shares, Wall Street hold gains after Fed statement

Sep. 22, 2021 21:54 PM EDT

Asian shares were mostly higher on Thursday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year. Shares rose in Hong Kong, Shanghai, Australia and Taiwan but fell in South Korea and Malaysia. U.S....

Business group: China's tech self-reliance plans hurt growth

Sep. 22, 2021 21:08 PM EDT

BEIJING (AP) — The ruling Communist Party’s campaign to tighten control over China’s industries and use less foreign technology is slashing economic growth, a foreign business group warned Thursday. The European Union Chamber of Commerce in China appealed to Beijing...

USOPC: American hopefuls for Beijing Games must have vaccine

Sep. 22, 2021 19:05 PM EDT

U.S. athletes trying to make the Winter Olympics will have to be fully vaccinated for COVID-19 under a groundbreaking new policy announced Wednesday by the U.S. Olympic and Paralympic Committee. CEO Sarah Hirshland wrote in a letter obtained by The Associated Press that,...

US-French spat seems to simmer down after Biden-Macron call

Sep. 22, 2021 18:38 PM EDT

PARIS (AP) — The most significant rift in decades between the United States and France seemed on the mend Wednesday after French President Emmanuel Macron and President Joe Biden got on the phone Wednesday to smooth things over. In a half-hour call that the White House...

Naomi Osaka withdraws from next month's Indian Wells tourney

Sep. 22, 2021 18:00 PM EDT

INDIAN WELLS, Calif. (AP) — Naomi Osaka pulled out of the BNP Paribas Open on Wednesday, a move that was expected after she indicated following her U.S. Open loss this month that she planned to take another extended break from tennis. The withdrawal was announced by the...

Lithuanian agency warns against use of Chinese-made phones

Sep. 22, 2021 12:19 PM EDT

VILNIUS, Lithuania (AP) — Lithuanian cybersecurity experts are urging the country's government agencies to abandon the use of Chinese smartphone brands after an investigation identified security vulnerabilities and censorship concerns with certain devices. Lithuania’s...