India elections turn spotlight on informal jobs for youth
India’s workforce is getting more informalised, and the quality of employment has suffered since the COVID-19 pandemic.
Development asian news
In China, Costco, Sam's Club make play for thrifty shoppers
DALIAN, China -- Membership-based warehouse supermarket chains such as U.S.-based Costco and Sam's Club are growing in China, touting a different shopping experience and product lineup from conventional supermarkets and online retailers. Their low prices also resonate with thrifty Chinese consumers, who have developed hoarding habits during the COVID-19 pandemic.
Japan’s ‘rubbish’ homes: surge in akiya abandoned houses as more elderly Japanese die
The windows are boarded up, the paint is peeling and the garden is hopelessly overgrown. This single-storey property in the upmarket Negishi district of Yokohama, south of Tokyo, should be ripe for redevelopment – but has instead been left to gently decay for more than a decade.
Generative AI will be designing new drugs all on its own in the near future
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India’s Rahul Gandhi taunted by Modi for not contesting seat lost in 2019 – ‘he’s scared’
A surprise decision by Congress Party ex-president Rahul Gandhi to contest in a key constituency in India’s Uttar Pradesh state for the first time has prompted speculation on whether it is a masterstroke by him or a sign of low confidence in the party’s prospects in the country’s ongoing elections.
Boom in data centers challenges clean power goals in Asia
TOKYO -- Japan is grappling with its decarbonization goals as the rapid growth of data centers is raising demand for power. The issue looms for both Japan, as it works to update its basic energy policy by March 2025, as well as for South Korea and Southeast Asia, where the market for data centers is also growing.
Japan and Sri Lanka agree to resume $1.5bn light rail, other projects
COLOMBO (Reuters) -- Sri Lanka and Japan agreed on Saturday to work to resume stalled bilateral projects including a $1.5 billion Japanese-funded light railway.
What China must learn from Japan’s decades-long debt-deflation slowdown
Chinese officials do not accept that the country has an excess supply problem, even as they acknowledge – in private – that domestic consumption is weak. But excess supply and insufficient demand are two sides of the same coin. Chinese policymakers also seem to think that supply creates its own demand, when it is usually the other way round.