Headlines

To keep global trade alive, don’t write off friendshoring

The world economy is at a crossroads. International trade is slowing, economic uncertainty is rising, and trade between the US and China – the world’s two largest economies – risks pulling apart. And it is not just trade: the two countries also invest less in each other than

Asia

A Tang spring that survived an emperor’s flight

A visitor standing before The Court Lady Guoguo’s Spring Outing does not first see history. They see movement. There is no palace. No riverbank. No flowering tree. No painted spring landscape to tell the eye where it should rest. Across the silk handscroll, only a small

Asia

Brouhaha over Iran war costs to US taxpayers

Outside analysts’ estimates of the total cost to American taxpayers of President Donald Trump’s Iran war have varied widely, but most put the number higher than the US$25 billion offered by the Pentagon. Iran’s foreign minister on Friday joined the analysts crying foul when he

Asia

Ukraine rolls out army reform plan as peace talks stall

KYIV, May 1 - Ukraine announced plans on Friday to carry out reforms of the army this summer to address problems with infantry shortages and the discharge of the longest-serving soldiers, four years into a grinding war with Russia in which talks have stalled.

Asia

Pakistan’s Hangor subs tighten China link, test India at sea

Pakistan is betting on Hangor-class submarines to sharpen its undersea edge as its deterrent increasingly rests on deepening military integration with China rather than any single platform. Last month, multiple media sources announced the commissioning of Pakistan’s first

Asia

Asian currencies wilting in the Iran war’s heat

TOKYO – India and Indonesia aren’t often at the center of the global financial zeitgeist. But as the rupee and rupiah lead Asian currencies down and down, events in Mumbai and Jakarta speak to the ways the Iran war is imperiling economies everywhere – and at an accelerating

Asia

Pressure builds on Putin to escalate Ukraine war

Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Japan grapples with Iran war, cyber risk and tightening financial conditionsScott Foster reports that Japan faces a convergence of shocks — from Middle East energy

Asia

What alternatives do Gulf states have to the Strait of Hormuz?

Two months into the Iran war and the Strait of Hormuz is still mostly shut. Vessel traffic is running at a fraction of pre-war levels, with the patchwork of ceasefires, blockades and re-closures since February 28 not restoring confidence on the bridge of any tanker. Hormuz has

Asia

Japan-Australia frigate deal about far more than 11 warships

The signing of the “Mogami Memorandum” aboard the JS Kumano frigate docked in Melbourne on April 18, 2026, marks a pivotal geopolitical moment, one that signals a tectonic shift in the Indo-Pacific security architecture. Japan has, in effect, shed the constraints of its

Asia

India’s softer tone on Bangladesh hits a hard note in Assam

Dhaka on Thursday (April 30) issued a sharp diplomatic protest by summoning India’s acting High Commissioner, Pawan Badhe, following controversial remarks by Assam Chief Minister Himanta Biswa Sarma that Bangladesh says undermine bilateral ties. Officials at the Ministry of

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