CANBERRA -- Australian Prime Minister Anthony Albanese on Thursday announced the government would set aside 1 billion Australian dollars ($687.7 million) to support businesses hit particularly hard by surging costs stemming from the war in the Middle East.
Malaysia Airlines braces for high fuel costs after doubling profit
KUALA LUMPUR -- Malaysia Aviation Group, parent company of the national carrier Malaysia Airlines, warned that surging fuel costs and geopolitical tensions could squeeze profit margins, after posting a stronger profit for 2025.
Everything rises and BYD capitalizes on oil crisis
Hello, this is Kenji in Tokyo presenting the #techAsia newsletter.
This week marks the seventh anniversary of our newsletter launch on April 3, 2019, when it was called "Tech Scroll Asia." Being part of this project from the preparation stage, I would like to express my heartfelt gratitude to all our readers who have followed our weekly reporting and dearly wish that you continue to do so in the weeks, months and years to come.
Since the start of the newsletter, the Asian tech scene
China's GDP growth likely accelerated in Q1 despite Iran shock: survey
HONG KONG -- China's growth likely accelerated in the first quarter, according to a new survey of economists, as the world's second-largest economy so far withstands higher oil prices sparked by the Iran war.
Pakistan's largest copper-gold mine project delayed by war, militants
ISLAMABAD -- Barrick Mining, the Canadian mine developer, has decided to delay what would be Pakistan's largest copper-to-gold mine development project by one year, citing increasing security risks around the project site in the southwest bordering Iran and the ongoing war between that country and the U.S.
Indonesia, Australia tussle with Meta and Google over teen social media ban
JAKARTA/CANBERRA -- Indonesia and Australia are warning of punishments against Meta and Google over the tech giants' failures to enforce a ban across their social media platforms for users under 16 years old.
Australia to provide interest-free loans to businesses hit by fuel rises
CANBERRA -- Australian Prime Minister Anthony Albanese on Thursday announced the government would set aside 1 billion Australian dollars ($687.7 million) to support businesses hit particularly hard by surging costs stemming from the war in the Middle East.
Could Iran become a giant North Korea?
TOKYO -- As the world reels from soaring oil prices, U.S. President Donald Trump has begun moving quickly to secure a ceasefire with Iran. Yet any hope of an early truce is being overshadowed by reports that he is considering an operation to seize Kharg Island, Iran's main oil-export terminal in the Persian Gulf. The outlook remains clouded by deep uncertainty.
Energy crisis plunges Myanmar into deeper economic turmoil
YANGON/MANDALAY, Myanmar -- Under the scorching March sun, long lines of vehicles stretch for blocks outside gas stations in Myanmar's major cities.
Trump speech sparks oil price jump, Asia stocks slide
TOKYO -- Crude oil futures rose and stocks fell in Asia on Thursday morning following U.S. President Donald Trump's address to the nation about the Iran war, in which he boasted of "overwhelming victories on the battlefield" while also threatening additional strikes against the Islamic Republic.