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.
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks...
Türkiye has condemned a defence agreement signed this week between France and Southern Cyprus, describing it as a threat to regional stability and th...
Legions of security officers and police are being deployed for the 2026 FIFA World Cup as organisers prepare for what officials describe as an unprece...
Authorities in the western Afghan city of Herat have arrested at least 30 women for allegedly breaching dress rules imposed by the Taliban, according ...
The United States and Iran have traded fresh strikes, with the U.S. hitting military sites and Iran launching missiles and drones at bases and ship...
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks with Russia about a potential future peace deal for Ukraine.
Legions of security officers and police are being deployed for the 2026 FIFA World Cup as organisers prepare for what officials describe as an unprecedented security challenge to protect fans, players and venues across North America.
Authorities in the western Afghan city of Herat have arrested at least 30 women for allegedly breaching dress rules imposed by the Taliban, according to the United Nations agency for women’s rights.
The United States and Iran have traded fresh strikes, with the U.S. hitting military sites and Iran launching missiles and drones at bases and ships near the Strait of Hormuz. Shipping remains active, but tensions are rising as calls grow for restraint and renewed talks.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
U.S. Donald Trump has said he has cancelled planned strikes on Iranian oil and gas ports announced earlier on Thursday. Trump said he made the decision after senior leadership in Iran agreed to peace talks.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Canada’s Privacy Commissioner has found that xAI’s Grok chatbot and its parent company X Corp. violated federal privacy law by launching an AI image-generation tool without adequate safeguards, enabling the creation and distribution of non-consensual sexualised deepfakes.
At the start of 2026, something unusual happened in China's car market. BYD, the company that had spent years at the top of the domestic sales charts, was knocked off its perch by a rival.
Apple has unveiled a long-awaited upgrade to Siri, aiming to close the gap with technology rivals and emerging artificial intelligence firms in an increasingly competitive market.
ChatGPT maker OpenAI has confidentially filed for a U.S. initial public offering (IPO), the company said on Monday, joining rival Anthropic in a race to the stock market as investors seek exposure to the artificial intelligence boom.
Chinese carmakers are rapidly reshaping the global automotive market, with record exports, soaring electric vehicle sales and growing investments overseas putting pressure on established European, Japanese and U.S. rivals.
The International Labour Organization (ILO) has begun its latest round of negotiations on creating the first binding global standards for platform-based work, covering services such as ride-hailing, food delivery and other app-based work.
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