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Recent Developments and News in Asia

Raissa Robles - Jonathan Malaya - Sabina Shoal - Philippines slams China coastguard’s ‘dangerous’ clash with its ships near Sabina Shoal - scmp.com - China - Philippines - city Beijing - city Manila

Philippines slams China coastguard’s ‘dangerous’ clash with its ships near Sabina Shoal

The Philippine government on Monday slammed the “dangerous and illegal manoeuvres” of Chinese coastguard vessels that led to a collision with two Philippine coastguard vessels in Manila’s exclusive economic zone.

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Dylan Butts - Beijing and Hollywood are decoupling as Chinese audiences favor domestic productions - cnbc.com - China - city Beijing - city Hollywood

Beijing and Hollywood are decoupling as Chinese audiences favor domestic productions

Hollywood blockbusters have dominated international box offices for decades, but in recent years, they have lost luster in the largest movie market outside the U.S. — China. 

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Lisa Su - AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock - cnbc.com

AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock

Advanced Micro Devices on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia.

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Estee Lauder sees bleak 2025 results; CEO Fabrizio Freda to retire - cnbc.com - China

Estee Lauder sees bleak 2025 results; CEO Fabrizio Freda to retire

MAC lipstick maker Estee Lauder forecast 2025 profit and sales below estimates as the global beauty market struggles with slowing demand, and said long-time CEO Fabrizio Freda was retiring, sending its shares down 10% in premarket trading.

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Lee Ying Shan - Ismail Haniyeh - Gold set for fresh highs ahead of Fed rate decision — analysts see prices at $3,000 by next year - cnbc.com - Russia - Israel - Ukraine - Iran - city Tehran

Gold set for fresh highs ahead of Fed rate decision — analysts see prices at $3,000 by next year

Gold prices have been hitting new highs and analysts expect more records, with some forecasting the metal to hit $3,000 per ounce next year, as the U.S. Federal Reserve meeting draws closer.

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Narendra Modi - Charmaine Jacob - Mpox outbreak: Here's how Asian nations have reacted to WHO emergency declaration - cnbc.com - China - Philippines - Sweden - Congo

Mpox outbreak: Here's how Asian nations have reacted to WHO emergency declaration

Countries in Asia are closely monitoring for mpox cases after the World Health Organization recently declared an escalating outbreak in Africa as a global public health emergency.

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Lim Hui Jie - Lawrence Wong - In major policy shift, Singapore announces unemployment support scheme - cnbc.com - Malaysia - Singapore - city Singapore

In major policy shift, Singapore announces unemployment support scheme

SINGAPORE — The Lion City is set to launch an unemployment support scheme for workers who have been laid off or are involuntarily unemployed.

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Canada's Couche-Tard makes preliminary bid for Japan's Seven & i - cnbc.com - Japan - Canada - county Clark - city Tokyo

Canada's Couche-Tard makes preliminary bid for Japan's Seven & i

Japan's Seven & i, owner of the 7-Eleven convenience stores, said it has received a preliminary takeover offer from Canada's Alimentation Couche-Tard, potentially the biggest purchase of a Japanese company by an overseas firm.

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