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Recent Developments and News in Asia

Natasha Turak - No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy - cnbc.com - Usa - Saudi Arabia - county Gulf

No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy

Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for foreigners coming to the kingdom to take capital elsewhere.

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Lai Ching - Contributing writer - THOMPSON CHAU - Taiwan's Lai visits island off China, pledging both peace and defense - asia.nikkei.com - China - Taiwan - city Taipei

Taiwan's Lai visits island off China, pledging both peace and defense

TAIPEI -- Taiwan wants to "continue a life of democracy [and] freedom" and rejects being ruled by China's Communist Party, President Lai Ching-te said on Friday, while visiting an island that has been a focus of increasing maritime pressure from Beijing.

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Fed's Powell says 'time has come' for U.S. to cut interest rates - asia.nikkei.com - county Jerome - state Wyoming - city Powell, county Jerome - city Jackson

Fed's Powell says 'time has come' for U.S. to cut interest rates

JACKSON HOLE, Wyoming (Reuters) -- Federal Reserve Chair Jerome Powell on Friday offered an explicit endorsement of an imminent policy easing, saying further cooling in the job market would be unwelcome and expressing confidence that inflation was within reach of the U.S. central bank's 2% target.

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Andrew Sheng - Jackson Hole - With US rate cuts on the horizon, the glass looks half full again - scmp.com - Japan - China - Usa - state Kansas

With US rate cuts on the horizon, the glass looks half full again

August for leading central bankers means a trip to Jackson Hole. That’s where the Kansas Federal Reserve Bank is hosting central bankers, finance ministers, academics and financial market participants at its annual economic symposium, held since 1974.

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GRANT PECK - Southeast Asia - Two freelance journalists reportedly killed with guerrillas in army raid on home in southern Myanmar - apnews.com - France - Burma - New York - city Bangkok

Two freelance journalists reportedly killed with guerrillas in army raid on home in southern Myanmar

BANGKOK (AP) — Two freelance journalists in the strife-torn nation of Myanmar were killed, one allegedly after being captured, when security forces raided the home of one of them in the southern state of Mon, colleagues and media reports said Friday.

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Gabriel Honrada - China’s stealth missile sub key to winning a Taiwan war - asiatimes.com - China - Taiwan - city Wuhan

China’s stealth missile sub key to winning a Taiwan war

China’s stealthy launch of an advanced submarine underscores its escalating drive for underwater dominance in the increasingly tense waters of the Taiwan Strait and South China Sea.

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Hundreds of thousands stranded as floods hit India and Bangladesh - aljazeera.com - India - Bangladesh - city Dhaka

Hundreds of thousands stranded as floods hit India and Bangladesh

Several deaths reported as floods caused by torrential rains sweep India’s northeast and neighbouring Bangladesh’s east.

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Xi Jinping - Wang Yi - Jake Sullivan - Barack Obama - Biden’s National Security Adviser Will Visit China Next Week - nytimes.com - China - Taiwan - Usa - state California - city Beijing

Biden’s National Security Adviser Will Visit China Next Week

Jake Sullivan, the national security adviser at the White House, will travel to China next week to meet with Wang Yi, the country’s foreign minister, in their latest high-level meeting aimed at defusing tensions.

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