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Recent Developments and News in Asia

Srettha Thavisin - JINTAMAS SAKSORNCHAI - Paetongtarn Shinawatra - Thailand’s populist Pheu Thai party gets endorsements to nominate a prime ministerial candidate - apnews.com - Thailand - city Bangkok

Thailand’s populist Pheu Thai party gets endorsements to nominate a prime ministerial candidate

BANGKOK (AP) — Thailand’s populist Pheu Thai party on Thursday was given support by its major coalition partners to nominate one of its two candidates as the new prime minister, a day after former Prime Minister Srettha Thavisin was removed by court order over an ethical violation.

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Evelyn Cheng - Reuters - China reports slight beat in July retail sales, but industrial data disappoint - cnbc.com - China - city Beijing - city Shanghai

China reports slight beat in July retail sales, but industrial data disappoint

BEIJING — China's retail sales grew more than expected in July, while industrial production missed forecasts, the National Bureau of Statistics said Thursday.

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Melissa Repko - Walmart beats estimates, raises outlook as it sees stable consumer health - cnbc.com

Walmart beats estimates, raises outlook as it sees stable consumer health

Walmart raised its forecast for the year on Thursday, as quarterly revenue grew nearly 5%, the company's stores and website drew more visits and sales outside the grocery department improved. 

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Ryan Browne - Tencent-backed Airwallex hits $500 million annualized sales, aims to get IPO-ready by 2026 - cnbc.com - Singapore

Tencent-backed Airwallex hits $500 million annualized sales, aims to get IPO-ready by 2026

Tencent-backed payments startup Airwallex has reached an annual revenue run rate of $500 million and will look to get ready for an initial public offering by 2026, CEO and co-founder Jack Zhang told CNBC in an exclusive interview.

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Vladimir Putin - Holly Ellyatt - Oleksandr Syrskyi - Ukraine must decide how its Russian incursion ends — advance further or retreat before it's too late - cnbc.com - Russia - Ukraine - city Moscow - city Kursk, Russia

Ukraine must decide how its Russian incursion ends — advance further or retreat before it's too late

More than a week into Ukraine's surprise incursion into Russia's Kursk region and the operation, and the gains made in the last week are likely to have exceeded even Kyiv's wildest expectations.

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Typhoon Ampil Approaches Japan, Disrupting Flights and Trains - nytimes.com - Japan - county Bay

Typhoon Ampil Approaches Japan, Disrupting Flights and Trains

Typhoon Ampil barreled toward Japan on Thursday packing strong winds and heavy rain, and forcing the cancellation of hundreds of flights and trains in and around Tokyo.

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Donald Trump - Excessive U.S. pressure on Taiwan defense spending plays into CCP's hands - asia.nikkei.com - Taiwan - city Tokyo

Excessive U.S. pressure on Taiwan defense spending plays into CCP's hands

Yoshiyuki Ogasawara is a professor emeritus at the Tokyo University of Foreign Studies and visiting professor at National Tsing Hua University (Taiwan). He has been observing the development of Taiwanese politics for the past 30 years.

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Wang Yi - CK Tan - Nikkei staff writer - China's Wang Yi urges war-torn Myanmar to seek 'political reconciliation' - asia.nikkei.com - China - Burma - city Tokyo

China's Wang Yi urges war-torn Myanmar to seek 'political reconciliation'

TOKYO -- Chinese Foreign Minister Wang Yi urged Myanmar to pursue political reconciliation and hold long-promised elections, during a visit to the strife-torn Southeast Asian nation that has seen the military regime lose key outposts to resistance forces in recent weeks.

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