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Recent Developments and News in Asia

A shootout on Pakistan’s frontier with Afghanistan kills 5 militants and 3 Pakistani soldiers - apnews.com - Pakistan - Afghanistan - province Pakhtunkhwa - city Islamabad - city Kabul

A shootout on Pakistan’s frontier with Afghanistan kills 5 militants and 3 Pakistani soldiers

PESHAWAR, Pakistan (AP) — Pakistani security forces killed five militants in a remote northwestern area on Monday when they tried to sneak in from neighboring Afghanistan, the military said.

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PAK YIU - Nikkei staff writer - U.S., China agree to work more closely in times of financial stress - asia.nikkei.com - China - New York - city Shanghai

U.S., China agree to work more closely in times of financial stress

NEW YORK -- The U.S. and China agreed to strengthen financial stability and maintain open channels of communication and coordination in times of "financial stress," according to readouts from the fifth meeting of their Financial Working Group.

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Coffee prices volatile on climate, shipping crunch, forest regulation - asia.nikkei.com - city Tokyo - city Jakarta - city Ho Chi Minh City

Coffee prices volatile on climate, shipping crunch, forest regulation

TOKYO/HO CHI MINH CITY/JAKARTA -- Coffee prices look to remain volatile through the end of 2024 due to bad weather, a shipping crunch and tighter environmental regulations, according to analysts and industry players.

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Nikkei staff writers - Japan 7-Eleven parent to mull takeover offer from Canada's Couche-Tard - asia.nikkei.com - Japan - Canada - city Tokyo

Japan 7-Eleven parent to mull takeover offer from Canada's Couche-Tard

TOKYO/LONDON -- Seven & i Holdings, the operator of 7-Eleven convenience stores, has received a takeover offer from Canadian convenience store giant Alimentation Couche-Tard -- owner of Circle K -- in what could potentially be the biggest-ever foreign takeover of a Japanese company.

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Nikkei staff writer - SHIN WATANABE - Japan's Mitsubishi Corp. to invest in Andrew Ng's next AI fund - asia.nikkei.com - Japan - China - county Andrew - city Tokyo

Japan's Mitsubishi Corp. to invest in Andrew Ng's next AI fund

TOKYO -- Mitsubishi Corp. will invest in a new artificial intelligence-focused fund led by Stanford University computer scientist Andrew Ng, as the Japanese trading company seeks to forge connections with high-tech startups and talent.

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Jonathan Malaya - Sabina Shoal - Philippines, China trade accusations after vessels collide in South China Sea - asia.nikkei.com - China - Philippines - city Beijing - city Manila

Philippines, China trade accusations after vessels collide in South China Sea

BEIJING/MANILA (Reuters) -- The Philippines and China accused each other on Monday of ramming vessels and performing dangerous maneuvers in the South China Sea, the latest flare-up after the two nations had agreed to try to ease tensions and manage disagreements at sea.

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Vladimir Putin - Ilham Aliyev - Putin offers to mediate Azerbaijan-Armenia peace deal on trip to Baku - aljazeera.com - Russia - Ukraine - Azerbaijan - Armenia - region Caucasus - city Moscow

Putin offers to mediate Azerbaijan-Armenia peace deal on trip to Baku

The Russian leader’s two-day state visit marks a shift in alliances in the politically unstable Caucasus region.

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Nikkei staff writer - ITSURO FUJINO - China's answer to Zara has a sister brand that ditches jeans for yoga pants - asia.nikkei.com - China - city Guangzhou

China's answer to Zara has a sister brand that ditches jeans for yoga pants

GUANGZHOU -- China's Fashion Momentum Group (FMG) is stepping up the expansion of its Benlai casualwear brand, which has a functional edge designed to compete with Uniqlo and Gap.

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