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Recent Developments and News in Asia

Michael Wayland - GM lays off more than 1,000 salaried software and services employees - cnbc.com - state Michigan - county Warren - city Detroit

GM lays off more than 1,000 salaried software and services employees

DETROIT — General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit's operations, CNBC has learned.

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Vladimir Putin - Narendra Modi - India PM Modi to visit Ukraine for first time since start of Russia conflict - asia.nikkei.com - China - Russia - India - Washington - Ukraine - city Moscow - city New Delhi

India PM Modi to visit Ukraine for first time since start of Russia conflict

NEW DELHI (Reuters) -- Indian Prime Minister Narendra Modi will visit Ukraine, the Indian Foreign Ministry said on Monday, his first trip to the war-torn country since its conflict with Russia and about a month after he met President Vladimir Putin in Moscow.

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SHAUN TURTON - Nikkei staff writer - Australia warns of $2bn budget hole as iron ore slumps on China woes - asia.nikkei.com - China - Australia

Australia warns of $2bn budget hole as iron ore slumps on China woes

SYDNEY -- Australia's Treasury has warned the country faces a potential 3 billion Australian dollar ($2 billion) hole in its budget as iron ore prices slump faster than forecast amid concerns about China's economy.

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What TikTok 'underconsumption core' trend means for your money: It's 'romanticizing being middle class,' content creator says - cnbc.com - Germany - state Iowa

What TikTok 'underconsumption core' trend means for your money: It's 'romanticizing being middle class,' content creator says

Using only one water bottle. Finishing that tube of makeup before buying another. Owning furniture that's been passed down through generations.

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RIHO NAGAO - Nikkei staff writer - Japan's anime industry looks to AI to solve labor crunch - asia.nikkei.com - Japan - city Tokyo

Japan's anime industry looks to AI to solve labor crunch

TOKYO -- With generative artificial intelligence poised to trigger seismic shifts across society, Japan's animation industry is opening up to its potential to stem critical labor shortages, even as concerns about protecting creators abound.

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TSUBASA SURUGA - Nikkei staff writer - Singapore unicorn Patsnap to expand AI-powered patent search - asia.nikkei.com - Singapore - city Singapore

Singapore unicorn Patsnap to expand AI-powered patent search

SINGAPORE -- Patsnap, a Singaporean startup that helps businesses search for and analyze patent information, is starting to offer more services tailored to specific industries by increasingly tapping generative artificial intelligence.

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Reuters - Thai GDP grows 2.3% in April-June quarter - asia.nikkei.com - China - Thailand - city Bangkok

Thai GDP grows 2.3% in April-June quarter

BANGKOK (Reuters) -- Thailand's economic growth strengthened in the second quarter due to higher consumption, tourism and exports, official data showed on Monday, and the government narrowed its full-year growth forecast range.

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German Navy 'cannot just pay lip service' to aiding global order: admiral - asia.nikkei.com - Japan - Germany - region Indo-Pacific

German Navy 'cannot just pay lip service' to aiding global order: admiral

LONDON -- German warships dispatched to the Indo-Pacific region soon will participate in joint naval exercises with Japan and the U.S., the officer leading the deployment said.

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