South Korea’s National Assembly has voted to impeach President Yoon Suk Yeol following his controversial decision to declare martial law earlier this month. The move, which has plunged the nation into a constitutional and political crisis, has also raised pressing questions about the state of democracy in one of Asia’s most vibrant political landscapes. On…
China’s state-owned oil and gas company, CNOOC Ltd, has divested its U.S. subsidiary and associated upstream oil and gas assets in the Gulf of Mexico. The buyer, British chemicals conglomerate INEOS, has acquired these assets as part of a sales agreement detailed in a statement issued by CNOOC on Saturday. The deal includes CNOOC’s non-operating…
In a significant move reflecting growing concerns over national security, two prominent U.S. lawmakers Representative Raja Krishnamoorthi, an Indian-American, and House Select Committee on the Chinese Communist Party (CCP) Chair John Moolenaar have urged tech giants Apple and Google to prepare for the removal of TikTok from their app stores. Their request comes as the…
French President Emmanuel Macron has appointed François Bayrou as the country’s fourth prime minister of 2024. The veteran centrist and close Macron ally steps into office amidst one of France’s most turbulent political periods, tasked with navigating a hung parliament and steering the nation out of its second major political crisis in just six months….
Turkey’s competition authority has imposed a hefty fine of 2.61 billion lira (approximately $75 million) on Alphabet Inc.’s Google. The penalty is part of a broader effort to address concerns about the company’s practices in the ad server services market. According to the Turkish antitrust regulator, Google leveraged its dominant market position to favor its…
Asian shares declined on Friday as investor hopes for substantial economic stimulus from China were dampened by a lack of concrete details at the Central Economic Work Conference (CEWC). Meanwhile, U.S. Treasury yields experienced their largest weekly rise in over a year, buoying the dollar and reflecting receding expectations for U.S. rate cuts in 2025….
Chinese Foreign Minister Wang Yi met with his Egyptian counterpart, Badr Abdelatty, in Beijing to discuss the pressing challenges facing the Middle East. The meeting highlighted the shared commitment of both nations to fostering peace and stability in a region marked by prolonged conflicts and humanitarian crises. Central to their discussions was the unfolding crisis…
In a significant step toward enhancing access to cryptocurrency trading in Asia, OSL Digital Securities, Hong Kong’s regulated crypto broker, has expanded its over-the-counter (OTC) offerings to include Toncoin (TON), the native token of The Open Network (TON). This move, announced in a press release on December 13, aims to meet the rising demand for…
In a move that has sparked outrage and intensified political tensions in Georgia, Mikheil Kavelashvili, a former professional footballer turned far-right politician, is poised to become the next president of the country. His expected ascension comes via an indirect election orchestrated by the ruling Georgian Dream party, a process heavily criticized as “illegitimate” by pro-European…
Access Bank Plc has entered into a binding agreement to acquire a 100% equity stake in Bidvest Bank, a South African financial institution under the Bidvest Group Limited. This acquisition marks a significant milestone in Access Bank’s ongoing efforts to expand its operations across the continent, strengthen its presence in the African landscape and enhance…
