Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of Covid-19 further rattles global supply chains.

Asian markets mostly fell Monday as traders track developments in the Ukraine war and diplomatic efforts to bring the crisis to an end while Hong Kong took a pounding after China placed Shenzhen into lockdown, fuelling a rout in the tech sector.

Japan will in principle take concerted action with the Group of Seven nations in imposing economic sanctions on Russia if that nation invades Ukraine, The Yomiuri Shimbun has learned.

China’s soymeal futures soared to record highs this week on concerns about the scale of South America’s drought-hit soybean crop and tightening meal supplies in domestic markets.

Myanmar’s military has given the go-ahead for a local company to own most of Norwegian telco Telenor’s operations in the country, under a deal to be finalised shortly, communications seen by Reuters show.

With the help of its carbon trading program, China has made notable progress in accelerating the low-carbon transition of the nation’s businesses, said Chinese authorities.

Strolling through the town of Maymana, the new mayor appears to inspire goodwill from war-weary constituents in the Afghan provincial capital.

Prices are on the rise for power-assisted bicycles, which are becoming fixtures as a means of transportation in everyday life.

Growth in China’s factory activity slowed in January as a resurgence of Covid-19 cases and tough lockdowns hit production and demand, but the slight expansion offered some signs of resilience as the world’s second-largest economy enters a likely bumpy new year.

Singapore’s central bank tightened its monetary policy settings on Tuesday in its first out-of-cycle move in seven years, as global supply constraints and brisk economic demand elevate inflation pressures across the region.

The dollar price may cross Rs200 with the sudden imposition of a withholding tax on exchange companies, which are getting notices to the tune of hundreds of millions of rupees from the Federal Board of Revenue (FBR).

Asian tourism and casinos giant Genting’s shipbuilding subsidiaries in Germany filed for bankruptcy Monday, which one union leader described as a  “dark day” for the country’s dockyards.

China’s aviation sector will aim to turn losses into profits this year with an expected recovery to 85 per cent of its pre-Covid volume of domestic passenger trips, the aviation regulator said on Monday.

An infant boy handed in desperation to a soldier across an airport wall in the chaos of the American evacuation of Afghanistan has been found and was reunited with his relatives in Kabul on Saturday.

China said on Tuesday it will put in force new rules to increase its oversight of plans by Chinese platform firms to list on overseas stock markets in the latest move to tighten its grip on its sprawling technology sector.

Sri Lanka raised fuel prices Tuesday and warned of possible petrol rationing with importers struggling to pay for oil, in a worsening economic crisis that has also sparked food shortages.

Japan’s parliament enacted a record supplementary budget worth over $300 billion on Monday as part of measures to bolster the world’s third largest economy as the pandemic threat drags on.

Sri Lanka’s economy shrank in the third quarter as a foreign exchange crisis wrecked its recovery from the coronavirus pandemic, official data showed Thursday.

The government will sign a preferential trade agreement (PTA) with Nepal soon to boost trade between the two South Asian nations, Commerce Secretary Tapan Kanti Ghosh said yesterday.

The Asian Development Bank warned Tuesday that the highly mutated Omicron coronavirus variant could have a  “substantial” economic impact, as it trimmed its 2021 and 2022 growth forecasts for developing Asia.