Latest Asia News

Final-hour rally yanks Wall Street from maw of bear market

May. 20, 2022 21:57 PM EDT

NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much...

The AP Interview: US trade rep. sees opportunity in recovery

May. 20, 2022 20:13 PM EDT

BANGKOK (AP) — With world economies all suffering from more than two years of the coronavirus pandemic and global supply problems exacerbated by Russia’s invasion of Ukraine, the United States has an “incredible opportunity” to engage with other nations on a common playing field and forge...

Ukraine aid bill hitching ride to Seoul for Biden signature

May. 20, 2022 19:12 PM EDT

SEOUL, South Korea (AP) — The $40 billion U.S. package of assistance for Ukraine as it tries to fend off Russia's aggression is hitching a ride on a commercial flight to South Korea so it can be signed by President Joe Biden. The Senate voted Thursday to finalize the new military...

Hyundai announces $5.5B electric vehicle plant in Georgia

May. 20, 2022 16:59 PM EDT

ELLABELL, Ga. (AP) — Hyundai Motor Group confirmed Friday the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history. Hyundai...

US stocks got close to a bear market. Here’s what that means

May. 20, 2022 16:46 PM EDT

NEW YORK (AP) — The bear came close to Wall Street but then backed off. The stock market’s slump this year briefly pulled the S&P 500 into what's known as a bear market Friday, before a late rally put the index in the green. The prevailing sentiment among investors remains...

The AP Interview: New Pakistani FM seeks better ties with US

May. 20, 2022 16:32 PM EDT

UNITED NATIONS (AP) — Pakistan’s new foreign minister says the United States and his country must move beyond past tensions over Afghanistan and are entering a new engagement after years of strained relations under former Prime Minister Imran Khan. Bilawal Bhutto Zardari, the...

Bach says Russia ban is to protect athletes, not punish them

May. 20, 2022 09:17 AM EDT

GENEVA (AP) — Russian athletes and officials who have been banned from international sporting events because of the war in Ukraine are being protected rather than punished, International Olympic Committee president Thomas Bach said Friday. Most sports bodies have followed the IOC...

FRENCH OPEN 2022: No. 1 Swiatek, Osaka among top players

May. 20, 2022 12:51 PM EDT

PARIS (AP) — Some of the women to watch at the French Open, which begins Sunday at Roland Garros: ___ IGA SWIATEK Ranked: 1 Country: Poland Age: 20 (Turns 21 on May 31) 2022...

Myanmar leader begins peace talks with ethnic militia groups

May. 20, 2022 12:33 PM EDT

BANGKOK (AP) — The head of Myanmar’s military government on Friday held the first in a monthlong series of person-to-person peace talks he has initiated with the country’s historically restive ethnic minority groups, state media reported. Senior Gen. Min Aung Hlaing held...

NOT REAL NEWS: A look at what didn't happen this week

May. 20, 2022 12:33 PM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ Experts: Mars ‘doorway’ just...