Asia’s manufacturing sector shrank in May as weak demand from China and rising U.S. tariffs hit exports and clouded the region’s economic outlook.
Factory activity across Asia declined in May, driven by subdued Chinese demand and escalating U.S. tariffs under President Trump. Japan and South Korea—both heavily reliant on trade—saw their manufacturing sectors contract again, with PMI readings below 50 for the 11th and fourth consecutive months, respectively.
China’s official data also showed shrinking activity for the second month. India’s factory growth slowed due to inflation and geopolitical tensions. Economists warn that reciprocal tariffs and cheap Chinese exports are putting deflationary pressure on the region.
Trump’s decision to double global tariffs on steel and aluminum and ongoing U.S.-China tensions continue to fuel uncertainty. Meanwhile, Vietnam, Indonesia, and Taiwan also reported contractions in manufacturing, and analysts see little hope for a near-term recovery.
Efforts to end the Iran conflict were at an impasse on Tuesday with U.S. President Donald Trump unhappy wit...
Speaking during a White House state dinner for the British monarch’s state visit to Washington on Tuesday, President Donald Trump said that t...
Tensions between the United States and Iran remain high after a U.S. official said President Donald Trump was unhappy with a proposal from Tehran t...
Elon Musk took the stand on Tuesday (28 April) at a high-stakes trial over the future of OpenAI, casting his lawsu...
Police arrested an 89-year-old suspected of wounding five people in two separate gun attacks in Athens ...
Efforts to end the Iran conflict were at an impasse on Tuesday with U.S. President Donald Trump unhappy with the latest proposal from Tehran, which he said had informed the U.S. it was in a "state of collapse" and figuring out its leadership situation.
Speaking during a White House state dinner for the British monarch’s state visit to Washington on Tuesday, President Donald Trump said that the U.S. has "militarily defeated" Tehran and that King Charles III did not want Iran to have a nuclear weapon. However, Charles did not mention the Iran war.
The Holy Synod of the Georgian Orthodox Church met on Tuesday (28 April) to nominate candidates for the new Patriarch to succeed Ilia II, who died on 17 March at the age of 93.
Former close aide to Keir Starmer admitted on Tuesday he was “wrong” to back the appointment of Peter Mandelson as ambassador to the U.S., amid mounting political pressure.
Disney+ has debuted Disney Animation’s Songs in Sign Language, a new collection of animated musical sequences reimagined in American Sign Language (ASL), released on 27 April to mark National Deaf History Month.
Market reaction to DeepSeek’s preview of its next-generation artificial intelligence model has been relatively subdued, in sharp contrast to the global shock triggered by its breakthrough releases last year.
President Donald Trump said on Sunday Iran could telephone if it wants to negotiate an end to their two-month war. Tehran said the U.S. should remove obstacles to a deal, including its blockade of Iran's ports. Meanwhile Iranian Foreign Minister Abbas Araghchi arrives in St Petersburg for talks.
Adidas shares rose after Kenya’s Sebastian Sawe delivered a historic performance at the London Marathon on Sunday (26 April), becoming the first athlete to run an official marathon in under two hours.
Tensions between the United States and Iran remain high after a U.S. official said President Donald Trump was unhappy with a proposal from Tehran that does not deal with its nuclear programme. Washington is insisting that any talks must address Iran’s nuclear activities.
The United Arab Emirates has said it's quitting OPEC from 1 May, dealing a major blow to the oil producers’ group and its de facto leader, Saudi Arabia, amid disruption caused by the Iran war.
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield.
China has ordered Meta to unwind its more than $2 billion acquisition of artificial intelligence start-up Manus, marking a major escalation in Beijing’s scrutiny of foreign investment in sensitive technology sectors. The order was issued on Monday by the National Development and Reform Commission.
Adidas shares rose after Kenya’s Sebastian Sawe delivered a historic performance at the London Marathon on Sunday (26 April), becoming the first athlete to run an official marathon in under two hours.
The United States has issued an international warning accusing Chinese firms, including AI start-up DeepSeek, of allegedly stealing intellectual property from American artificial intelligence labs.
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