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Hiroshi Kasamatsu - Japanese executive among dozens arrested in Myanmar for allegedly selling rice above set prices - apnews.com - Japan - Burma - city Bangkok

Japanese executive among dozens arrested in Myanmar for allegedly selling rice above set prices

BANGKOK (AP) — Myanmar’s military government has arrested a Japanese business executive, along with dozens of local businessmen, for allegedly selling rice at prices well above the officially regulated ones, state-run media said Monday.

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Srettha Thavisin - Bloomberg - Thailand considers end to 52-year-old afternoon booze ban to woo tourists - scmp.com - Thailand

Thailand considers end to 52-year-old afternoon booze ban to woo tourists

Thai Prime Minister Srettha Thavisin may end a 52-year-old ban on afternoon alcohol sales after appeals from the tourism industry, which is struggling with rising costs and weak consumer spending.

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Nancy Faeser - Germany to bar Chinese companies’ components from core parts of its 5G networks - apnews.com - China - Usa - Britain - Germany - Sweden - city Beijing - city Berlin

Germany to bar Chinese companies’ components from core parts of its 5G networks

BERLIN (AP) — Germany will bar the use of critical components made by Chinese companies Huawei and ZTE in core parts of the country’s 5G networks in two steps starting in 2026, the nation’s top security official said Thursday.

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PAK YIU and ECHO WONG - Nikkei staff writers - U.S. law firms hasten retreat from mainland China - asia.nikkei.com - China - Hong Kong - New York

U.S. law firms hasten retreat from mainland China

NEW YORK/HONG KONG -- U.S. law firms rapidly scaled back their mainland China offices this year amid a growing list of challenges including a worsening capital market, structural economic problems and geopolitical tensions.

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Biman Mukherji - India’s Modi expected to curb populist welfare spending in pro-growth budget - scmp.com - Japan - India - Germany

India’s Modi expected to curb populist welfare spending in pro-growth budget

Modi’s ruling Bharatiya Janata Party (BJP) is dependent on coalition allies in the National Democratic Alliance (NDA) following the loss of 63 seats in the April-June elections, which reduced the BJP’s tally to 240 from 303 seats in 2019.

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Narendra Modi - Reuters - India asks utilities to order $33 billion in equipment this year to boost coal power output, Reuters reports citing sources - cnbc.com - India

India asks utilities to order $33 billion in equipment this year to boost coal power output, Reuters reports citing sources

India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said.

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Nikkei staff writers - Japan's May GDP shrank 0.1% on weak consumption: JCER - asia.nikkei.com - Japan - city Tokyo

Japan's May GDP shrank 0.1% on weak consumption: JCER

TOKYO -- Japan's economy in May shrank an annualized 0.1% from the previous month as weak private consumption led to the first contraction since January, according to an estimate released Tuesday by the Japan Center for Economic Research.

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Kate Rogers - GlobalFoundries races to find semiconductor talent as demand for chips soars - cnbc.com

GlobalFoundries races to find semiconductor talent as demand for chips soars

The semiconductor industry is recruiting workers in a tight labor market as the competition for talent ramps up and funding from the CHIPS and Science Act designed to spur domestic production continues to be dispersed.

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