Economy

A risky trade in sanctioned crude oil is taking place off the coast of Johor.

The slump since last year is rooted in trade weakness which added to downward pressure on the world's second-largest economy.

It will save Pakistan from defaulting on debt, but analysts say the country needs $20 billion in the next two years to return foreign loans with interest.

The deposit is not a loan but will shore up Pakistan’s reserves and remain in the bank for at least a year.

The $19.5 billion semiconductor JV was called off due to “external issues unrelated to the project,” Foxconn said.

Beijing's growing investment presence in the country, in particular its interest in lithium, is prompting concerns about economic dependency.

The current stagnation could shock the ruling Communist Party into putting economic policy back into sensible hands.

A recent European study highlighted the Central Trans-Caspian Network as the best option to connect Central Asia with Europe.

Tesla sees some Southeast Asian countries as promising markets for its electric vehicles, and others as possible sites for producing them.

Mongolia continues its digitalization push by bringing Starlink on board to provide satellite internet service to “people in remote locations... in every corner of our vast country.”

U.S. export controls on China are set to tighten further, but will create many challenges, including in relations with Washington’s European and Asian allies.

If imports of Russian uranium are blocked by the U.S., Kazakhstan, already a top source, could stand to gain.