The Confederation of British Industry named its former chief economist, Rain Newton-Smith, as its new director general after Britain’s biggest business lobbying group was rocked by a slew of sexual misconduct allegations.
Australia will temporarily suspend a World Trade Organization case against China over tariffs on barley while Beijing undertakes a review of the restrictions, in a potential breakthrough to the long-running dispute between the two nations.
Singapore businessman Lim Oon Kuin is on trial Tuesday for three charges related to cheating and forgery, after his collapsed oil firm Hin Leong Trading Pte. owed about $3.5 billion to banks. He pleaded not guilty.
Taiwan’s exports declined more than expected March as global demand for electronics remained weak, suggesting the worst is not yet over for the trade-dependent economy.
European stocks followed positive momentum set in Asia as investors brace for inflation data and corporate results that could deliver insights on the health of the financial system.
(Bloomberg) — Western Australia could be hit by the largest cyclone in almost a decade this week, with the weather system predicted to cross the coast near a major export port for iron ore that’s to be cleared of vessels.
Japan’s retail investors are cutting bets on a weaker yen, especially against Europe’s major currencies, amid an expectation the country’s central bank will inevitably normalize its ultra-loose policy.
Japan expressed deep concern about increased Chinese military activity around its shores, including in coordination with Russia, at a bilateral meeting of senior officials from Beijing and Tokyo on oceanic matters.
China plans to require a security review of generative AI services before they’re allowed to operate, casting uncertainty over ChatGPT-like bots unveiled by the country’s largest tech companies including Baidu Inc.
India’s Oil and Natural Gas Corp. is preparing to bet billions of dollars on deepwater and ultra-deepwater exploration, boosting spending in a push that could help one of the world’s top oil importing nations reduce reliance on overseas supply.
