Culture
Coal’s grip on Asia strengthens as early phaseout bids stall
[JAKARTA] Coal’s future in Asia is looking brighter, as the top-consuming region’s efforts to shift to cleaner energy suffer a series of setbacks.Indonesia has cancelled a flagship project that...
Coupang CEO resigns over historic South Korean data breach
[SEOUL] Coupang chief executive officer Park Dae-jun resigned over his failure to prevent South Korea’s largest-ever data breach, which set off a regulatory and political backlash against the country’s...
HSBC set to pay about US$300 million to settle French criminal case
The full agreement would cover the fine to end the PNF case as well as the tax bill[PARIS] HSBC Holdings is poised to pay around US$300 million to settle...
Asian utilities slow to confront climate risk
ASIA might need to grow up when it comes to protecting its power sector against climate-related loss and damage, a new report has suggested.Eleven major power-sector players in Asia...
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion[BENGALURU] Shares of e-commerce firm Meesho jumped about 58 per cent in their debut on...
Amazon to invest over US$35 billion in India on AI, exports
[BENGALURU] Amazon plans to invest more than US$35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI) capabilities and increasing exports, the US e-commerce...
Asian stocks in retreat as traders eye Fed decision, tech earnings
ASIAN markets retreated on Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated Federal Reserve policy announcement later in the...
Gold edges lower as dollar climbs to near one-week high ahead of Fed verdict
[BENGALURU] Gold inched lower on Wednesday (Dec 10), as the dollar rose after a US jobs report indicated a stronger-than-expected labour market, pressuring prices, ahead of a widely anticipated...
Tactics to dump coal are failing in Asia as energy demand booms
Indonesia has cancelled a flagship project that was the poster child for shuttering coal plants early[BEIJING] Coal’s future in Asia is looking brighter, as the top-consuming region’s efforts to...
IndiGo crisis shows perils of India’s corporate dominance
The domination of the country’s two airlines is a far cry from a decade ago, when more than nine players shared the market[DELHI] Flight chaos triggered by India’s biggest...
