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Asia Economy

Durian demand has soared 400%, fueled by China’s ‘craze’ for the fruit

by Betti Alver
Durian demand has soared 400%, fueled by China’s ‘craze’ for the fruit

Different varieties of durian fruits on display at a durian stall in Petaling Jaya, Selangor, Malaysia,. Bloomberg | Bloomberg | Getty Images Some say it’s sticky-sweet, others say it smells …

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Thai hospitality magnate is optimistic about Thai’s tourism recovery

by Leila Aboulela
Thai hospitality magnate is optimistic about Thai’s tourism recovery

Tourist sitting on a swing at a beach in Thailand. © Marco Bottigelli | Moment | Getty Images Thailand’s tourism recovery is poised for recovery as diplomatic relations with Saudi …

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Alibaba CEO Eddie Wu warns of being ‘displaced’

by Betti Alver
Alibaba CEO Eddie Wu warns of being ‘displaced’

Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Images Alibaba needs …

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Europe faces prospect of higher gas prices this winter

by Lotfi Akalay
Europe faces prospect of higher gas prices this winter

Aerial view of the LNG storage and vaporization vessel “Höegh Esperanza” at the Wilhelmshaven LNG terminal. Picture Alliance | Picture Alliance | Getty Images Energy analysts are warning of more …

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Western sanctions on Russia could push BRICS alliance closer: APPEC

by Betti Alver
Western sanctions on Russia could push BRICS alliance closer: APPEC

A general view of flags of (From L to R) South Africa, Brazil, Russia, India and China during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on …

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Biden-backed economic corridor should not exclude anyone

by Betti Alver
Biden-backed economic corridor should not exclude anyone

India’s Prime Minister Narendra Modi (R) shakes hand with International Monetary Fund Managing Director Kristalina Georgieva ahead of the G20 Leaders’ Summit at the Bharat Mandapam in New Delhi on …

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G20 nations compromise on Ukraine war reference to reach Delhi agreement

by Betti Alver
G20 nations compromise on Ukraine war reference to reach Delhi agreement

India’s Prime Minister Narendra Modi (2L) addresses the opening session of the G20 Leaders’ Summit at the Bharat Mandapam in New Delhi on September 9, 2023. Ludovic Marin | Afp …

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G20 welcomes African Union as permanent member at Delhi summit

by Betti Alver
G20 welcomes African Union as permanent member at Delhi summit

India’s Prime Minister Narendra Modi addresses the G20 Leaders’ Summit at the Bharat Mandapam in New Delhi on September 9, 2023. Ludovic Marin | Afp | Getty Images NEW DELHI …

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Asian Development Bank says the world faces ‘immense’ funding challenges

by Betti Alver
Asian Development Bank says the world faces ‘immense’ funding challenges

Asia and the rest of the world face “immense” challenges, and the Asian Development Bank must work with others to address those issues, its director general told CNBC on Friday. …

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Why Saudi Arabia is betting big on soccer

by Betti Alver
Why Saudi Arabia is betting big on soccer

Soccer in Saudi Arabia has entered a new era — the era of having global superstars play on Saudi turf. The 31-year-old Brazilian soccer star Neymar just became the latest …

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