News
Japan’s auto industry left reeling under tariff pressure as Honda and Nissan feel the pain
The twin disclosures from Honda and Nissan underscore how devastating tariff uncertainty, EV disruption and internal financial strain are converging to threaten Japan’s automotive dominance.
India's April inflation drops to lowest level since 2019
The steepest moderation came in food inflation, which eased to 1.78% y/y from 2.69% in March. This is the lowest reading since October 2021.
Russia eyes deeper coal partnership with India amid long-term supply plans
Russia’s coal reserves are sufficient to meet domestic demand for over 500 years, and the country sees significant scope for deepening cooperation with India in the coal sector.
South Korea, ASEAN launch first joint economic think-tank talks
ASEAN, comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, has become an increasingly vital partner for Korea in recent years.
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Bloodshed and disruption overshadow the Philippines midterm elections
Since the beginning of May, at least 21 people have been killed in BARMM, including five on election day. According to data from Climate Conflict Action Asia, election-related violence since October 2024 has left 239 dead and 172 others injured.
China woos Latin America with $9bn credit line amid Trump trade tensions
China has offered Latin American and Caribbean countries a CNY66bn ($9.2bn) credit line as part of a comprehensive economic and political cooperation package presented during the CELAC-China summit in Beijing.
Hungary's annual vehicle output set to reach 1mn soon, Foreign Minister says at automotive conference
Ongoing projects in Hungary's vehicle sector will push annual output above 1mn cars and 2mn engines, and Hungary will have the world's second-largest EV battery production capacity, Foreign Minister Peter Szijjarto said.
Xi Jinping's first meeting with Min Aung Hlaing as China backs Myanmar junta's territorial claims
Xi Jinping made clear, however, that support would be contingent upon the junta’s ability to guarantee the security of Chinese citizens and business interests inside Myanmar.
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Pepe Mujica, Uruguay's former president, dies at 89
José “Pepe” Mujica, a former guerrilla fighter turned president of Uruguay, passed away on May 13 at the age of 89.
EBRD2025: Croatia pushes for regional stock market integration
Croatian Finance Minister Marko Primorac believes by working together countries from the CEE region can advance towards emerging market status more quickly.
Serbia’s gambling problem sparks revenue surge – and social concern
Serbia has emerged as one of Europe’s gambling hotspots, ranking second on the continent in the number of betting shops and casinos per capita.
Iranian Central Bank announces plan to remove four zeros from currency
The Central Bank of Iran (CBI) has again outlined detailed plans for removing four zeros from the national currency.
President Trump and Saudi Arabia sign major defence, economic agreements
US President Donald Trump and Saudi Crown Prince Mohammed bin Salman signed a Strategic Economic Partnership Document and several other agreements on May 13.
Argentina's credit rating upgraded by Fitch to 'CCC+' on IMF deal
Credit ratings agency Fitch upgraded Argentina's long-term foreign-currency and local-currency issuer default rating to 'CCC+' from 'CCC' on May 12, citing a new IMF programme and foreign exchange market liberalisation.
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Ukrainian ex-convict accused of masterminding botched Lima heist
A foiled heist in the heart of Lima has exposed the operations of a foreign-led gang allegedly orchestrated by Vitaliy Zinchenko, a 42-year-old Ukrainian national with a criminal past in Peru.
CONFERENCE CALL: Saudi-American Forum sees Riyadh transforming into global investment hub
Saudi Arabia is becoming a significant global centre for attracting investments, according to officials from the Kingdom at an event in Riyadh.
Russian tycoon Usmanov wins lawsuit against Luxembourg media giant
A German court has banned Mediahuis Luxembourg S.A., the most important media holding in Luxembourg, from referring to Uzbek-born Russian metals and media tycoon Alisher Usmanov as the owner of the luxury superyacht Dilbar.
Viktor Orban meets Bank of China chairman amid deepening financial ties with Beijing
Hungarian Prime Minister Viktor Orban met with Bank of China chairman Ge Haijiao in Budapest on May 12. The talks focused on expanding the Chinese banking giant’s operations in the country, according to a brief government statement.
EU Commissioner asks Czechs to wait to sign Dukovany nuclear contract
Czech media speculated that the European Commission could take action over the Dukovany nuclear tender, including a possible review of the selection of KHNP.
EBRD cuts 2025 growth forecasts citing tariffs and global uncertainty
Development bank lowers forecasts for Emerging Europe, Central Asia and North Africa as slowdowns in Germany and China take their toll.