HONG KONG -- China Mobile, the largest telecommunications carrier in the world by subscribers, said it will list its shares in Shanghai following the company's forced delisting from the New York Stock Exchange.

The company, whose shares also are listed in Hong Kong, announced late on Monday that its board had approved a plan to issue new yuan-denominated shares that will trade on the main board of the Shanghai Stock Exchange. The company is planning to issue up to 964.81 million shares, or

KUALA LUMPUR -- Malaysia is gradually recouping money stolen in the country's 1Malaysia Development Berhad scandal, but officials warn the failed wealth fund's debt will weigh on government finances for years to come -- a reality check that could also prove politically useful in the next election.

The government announced last week that the U.S. Department of Justice had remitted $452.36 million worth of funds seized in a 1MDB-related probe.

To date, Malaysia has secured close to

LONDON (Reuters) -- The window of opportunity for reaching net zero emissions by mid-century is narrowing unless the world radically changes the way energy is produced, used and transported, the International Energy Agency (IEA) said on Tuesday.

A global climate pact agreed in 2015 to cap the rise in temperatures to as close as possible to 1.5 degrees Celsius to avoid the most devastating impacts of climate change, which requires achieving net zero greenhouse gas emissions by 2050.

The number

TOKYO -- Advanced nations are struggling with the dilemma that the stronger their leading companies are, the lower the economic growth rate becomes.

Oligopolies are increasing in the U.S., Europe and Japan. Over the past 25 years, the top three companies in each sector have outpaced their lesser rivals by about 30 percentage points in terms of revenue growth.

Leading companies have accelerated the mergers and acquisitions of up-and-coming rivals against the backdrop of prolonged monetary easing. The decline in competition due to

TOKYO -- Japan's ruling Liberal Democratic Party is launching a caucus of lawmakers who will work to secure the nation's semiconductor supply amid a global shortage and boost the country's competitiveness in the field.

The caucus will be chaired by Akira Amari, a former economic policy minister, and feature heavyweights such as former Prime Minister Shinzo Abe and current Finance Minister Taro Aso as senior advisers.

Abe, who resigned in September last year for health reasons, is taking on senior roles in various LDP groups, spurring

BANGKOK/YANGON -- Moves by Myanmar's military regime to establish a restricted, national intranet underscore the junta's dilemma over allowing online access to business while silencing anti-coup opposition. Recent efforts to "whitelist" individuals or entities as part of the plan follow the imposition of internet blackouts and highlight the spiraling parallel battle over online access, notes a report by the Brussels-based International Crisis Group.

The report comes days after the Global Network Initiative, an alliance of more than 60 internet, telecoms

SINGAPORE -- The World Economic Forum has canceled the special annual meeting set for Singapore in August, scrapping the planned in-person gathering due to the prolonged COVID-19 pandemic, the group said Monday.

The event, which was scheduled for Aug. 17 to 20 in the city-state, would have been the first WEF annual meeting in Asia.

"Regretfully, the tragic circumstances unfolding across geographies, an uncertain travel outlook, differing speeds of vaccination rollout and the uncertainty around new variants combine to

HO CHI MINH CITY -- When I first meet Ngo Minh Hieu -- the once-notorious teen hacker who rose from a quiet Vietnamese seaside town to become what U.S. authorities have described as one of the most prolific identity thieves ever to grace a federal prison -- I am reminded of Leonardo DiCaprio in the 2002 film "Catch Me If You Can."

Just like DiCaprio's character Frank Abagnale, Hieu ran scams for years before he was captured and made to help U.

TOKYO -- Japan's economy declined 1.3% in January-March from the preceding three-month period, or an annualized pace of decline of 5.1%, as resurgent COVID outbreaks snapped the run of consecutive growth after two quarters, the Cabinet Office said Tuesday.

The result compares with an average forecast of a 1.2% contraction, or an annualized decline of 4.6%, in a survey of 37 economists by the Japan Center for Economic Research.

The setback was blamed