Latest East Asia News

Racism, climate and divisions top UN agenda as leaders meet

Sep. 22, 2021 04:18 AM EDT

UNITED NATIONS (AP) — Racism, the climate crisis and the world’s worsening divisions will take center stage at the United Nations on Wednesday, a day after the U.N. chief issued a grim warning that “we are on the edge of an abyss.” For the first time since the...

Shares gain as Evergrande says it will make interest payment

Sep. 22, 2021 03:54 AM EDT

World shares and U.S. futures advanced Wednesday after Chinese developer Evergrande said it intends to make an interest payment on its debt that is due Thursday. Shares rose in Paris, Frankfurt and Shanghai but fell in Tokyo. Markets have been...

Chinese builder in debt jam says it will make bond payment

Sep. 22, 2021 03:04 AM EDT

BEIJING (AP) — A Chinese real estate developer that is struggling to avoid defaulting on billions of dollars of debt reassured jittery global markets at least briefly Wednesday by announcing it will make an interest payment due this week. The Chinese government,...

The Latest: Chinese city shuts down over new outbreak worry

Sep. 21, 2021 23:03 PM EDT

BEIJING — Officials in the northeast China city of Harbin say national level health officials have been sent to the city to deal with what may be a coronavirus outbreak. The city of 9.5 million people reported three infection cases Wednesday, a day after discovering a...

Asian shares mostly lower after mixed trading on Wall Street

Sep. 21, 2021 22:52 PM EDT

Asian shares were mostly lower on Wednesday after major indexes ended mixed on Wall Street. Benchmarks fell in Tokyo, Shanghai and Taiwan but rose in Sydney. Markets in South Korea and Hong Kong were closed for holidays. The Bank of Japan kept its...

'The world must wake up': Tasks daunting as UN meeting opens

Sep. 21, 2021 22:34 PM EDT

NEW YORK (AP) — In person and on screen, world leaders returned to the United Nations' foremost gathering for the first time in the pandemic era on Tuesday with a formidable, diplomacy-packed agenda and a sharply worded warning from the international organization's leader: “We face the...

ADB: Asia below pre-pandemic levels as variants slow rebound

Sep. 21, 2021 22:31 PM EDT

Developing economies in Asia will likely grow at a slower pace than earlier expected due to prolonged COVID-19 outbreaks and uneven progress in vaccinations, the Asian Development Bank said in a report Wednesday. The regional lender lowered its outlook for economic...

China keeps virus at bay at high cost ahead of Olympics

Sep. 21, 2021 20:32 PM EDT

BEIJING (AP) — The Beizhong International Travel Agency in the eastern city of Tianjin has had only one customer since coronavirus outbreaks that began in July prompted Chinese leaders to renew city lockdowns and travel controls. Most of China is virus-free, but the...

China, US unveil separate big steps to fight climate change

Sep. 21, 2021 20:21 PM EDT

The two biggest economies and largest carbon polluters in the world announced separate financial attacks on climate change Tuesday. Chinese President Xi Jinping said his country will no longer fund coal-fired power plants abroad, surprising the world on climate for the...

Biden promises 'relentless diplomacy' to skeptical allies

Sep. 21, 2021 18:32 PM EDT

UNITED NATIONS (AP) — President Joe Biden summoned the world’s nations to forcefully address the festering global issues of the COVID-19 pandemic, climate change and human rights abuses in his first address before the U.N. General Assembly on Tuesday. He decried military conflict and...