Latest Asia News
US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men
NEW DELHI (AP) — Indian billionaire Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. But it’s unclear just how the case will affect his businesses and own future — as well as the Indian...
US budget airlines are struggling. Will pursuing premium passengers solve their problems?
DALLAS (AP) — Delta and United have become the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy...
A Singapore oil magnate faces prison in a major fraud case over financing trade
KUALA LUMPUR, Malaysia (AP) — A Singapore oil magnate was sentenced Monday to 17.5 years in prison for fraud and forgery in a case that prosecutors said has tarnished the city-state's reputation as Asia’s leading oil trading hub. Lim Oon Kuin, 82, was convicted in May on two...
Asia needs to spend much more to adapt to climate change and limit its damage, bank study says
BANGKOK (AP) — Countries in Asia will suffer worse damage from the climate crisis than other regions and are falling far behind in spending on improvements to limit the damage and adapt to changing weather patterns and natural disasters, the Asian Development Bank said in a report released...
Thousands gather for colorful celebration at Taiwan Pride parade
TAIPEI, Taiwan (AP) — Thousands gathered on the streets of Taipei on Saturday for the Taiwan Pride parade, one of Asia’s largest annual celebrations of inclusivity. Attendees, many dressed in colorful costumes, walked waving flags and banners with messages of support for gender...
Stock market today: Wall Street pulls back from its records
NEW YORK (AP) — U.S. stocks edged back from their all-time highs Monday as some of the steam came out of Wall Street’s long, record-breaking rally. The S&P 500 slipped 0.2%, coming off a sixth straight winning week, its longest such streak of the year. The Dow Jones...
2 dead and 22 rescued after migrant boat runs into trouble in rough weather near a Greek island
ATHENS, Greece (AP) — A search and rescue operation off the coast of the eastern Greek island of Samos recovered the bodies of two people reported missing overnight after a boat carrying 24 migrants ran into trouble in rough weather, the coast guard said Monday. The sinking is the...
Stock market today: Wall Street sets more records and closes a 6th straight winning week
NEW YORK (AP) — U.S. stocks closed their latest winning week with more records on Friday. The S&P 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones Industrial Average added 36 points, or 0.1%, to its own record set the day before, and the...
2 still missing from migrant boat that sank south of Greece
ATHENS, Greece (AP) — Rescuers searched the Mediterranean Sea near Greece’s southernmost island Thursday for two people reported missing when a boat carrying 100 migrants sank the previous day, Greece’s Coast Guard said. The body of one man was recovered from the sea Wednesday,...
Nelly Korda will miss two events in Asia with a neck injury. She also misses out on the Vare Trophy
Nelly Korda won't be making a sweep of all the LPGA awards this year. The No. 1 player in the women’s world ranking, Korda had to withdraw from the BMW Ladies Championship in South Korea and the Maybank Championship next week in Malaysia. She cited a minor neck injury sustained...
