Global IT Outage Causes Widespread Disruption
SINGAPORE – In an unprecedented event, major airports across Southeast and East Asia are experiencing significant disruptions due to a widespread IT outage. The situation has escalated rapidly, with long queues forming at check-in counters and numerous flights being delayed … Continue reading Global IT Outage Causes Widespread Disruption
China’s Rural Banking Crisis: A Ticking Time Bomb
BEIJING – In the vast expanse of China’s rural landscape, a silent crisis brews within the financial sector. The country’s smallest banks, once the backbone of local economies, are now teetering on the brink of collapse. These rural banks, numbering … Continue reading China’s Rural Banking Crisis: A Ticking Time Bomb
NASA Strengthens Ties with Japan and Korea
WASHINGTON / TOKYO / SEOUL – NASA Deputy Administrator Pam Melroy is currently visiting Japan and the Republic of Korea to underscore the critical role of international cooperation in advancing space exploration and technology development. During her week-long visit to … Continue reading NASA Strengthens Ties with Japan and Korea
Microsoft Shifts to iPhone for security reasons
REDMOND / HONG KONG – In a bold move to enhance cybersecurity, Microsoft has mandated a switch from Android to iPhones for its employees in China and Hong Kong. Starting September 2024, staff members will be required to use iPhones, … Continue reading Microsoft Shifts to iPhone for security reasons
The Dawn of AI: Navigating the New Workforce Horizon
NEW YORK – In a groundbreaking shift, 61 percent of large U.S. firms are poised to replace significant portions of their workforce with artificial intelligence (AI) within the next year. This strategic move heralds a transformative period for the labor … Continue reading The Dawn of AI: Navigating the New Workforce Horizon
Prolonged Weakness of Japanese Yen Anticipated
TOKYO – Goldman Sachs has projected that the Japanese Yen will likely maintain its weakened state against the dollar for an extended period, with expectations set for the currency to remain at or above 150 to the dollar over the … Continue reading Prolonged Weakness of Japanese Yen Anticipated
A culinary journey through Asia for Europeans
BANGKOK – Asia, the largest and most diverse continent in the world, is known for its rich and varied cuisine. From spicy curries to fresh seafood to sweet desserts – Asian cuisine has something to offer for every taste. Here … Continue reading A culinary journey through Asia for Europeans
Population Decline in Japan Impacts Real Estate Market
TOKYO — The significant population decline in Japan is having far-reaching effects on the country’s real estate market. According to recent reports, more than nine million residential properties stand vacant, presenting both challenges and opportunities for foreign investors. The Population … Continue reading Population Decline in Japan Impacts Real Estate Market
May 1: Empowering Workers’ Voices across Asia
HANOI — International Workers’ Day, also known as Labor Day or May Day, is a global observance that honors the contributions of workers and their struggle for better working conditions, fair wages, and human rights. While the essence of this … Continue reading May 1: Empowering Workers’ Voices across Asia
Smartphone Sales: Samsung leading again
BRUSSELS – The past year has been an exciting chapter for the smartphone industry. The sales figures of major manufacturers reflect both gains and losses. Here are the key developments: Apple: A Decline After a Strong Year In 2023, Apple … Continue reading Smartphone Sales: Samsung leading again