Climate experts warn that Asian countries are increasingly relying on coal due to the ongoing energy crisis, which could have devastating environmental consequences. They urge governments to view the crisis as an opportunity to accelerate investment in renewable energy sources.
Professor Jesper Rangvid warns that rising interest rates could trigger a new financial crisis due to billions in questionable shadow loans, with non-cash-generating private-credit loans now rising to a 14-year peak, as confirmed by Fitch, and DZ Bank also warning of a 'chain reaction' risk to the US economy, with the Middle East war also seen as a potential trigger for an outbreak of the brewing private credit crisis.
Shell CEO Wael Sawan warns that Europe could face fuel shortages next month, while several Asian countries have declared states of emergency, indicating a broader energy crisis.
Experts at a conference in Astana emphasized the need for Central Asian countries to adopt a balanced energy mix, following the World Energy Council's energy trilemma, to prevent future shortages.
Azijske zemlje uvode vanredne mjere dok se globalna energetska kriza pogoršava. Južnokorejski predsjednik Lee Jae Myung najavio je novi sistem za reagovanje u vanrednim situacijama, pozivajući…
The Asian Development Bank (ADB) has announced a new aid package designed to support various Asian countries grappling with the economic fallout from ongoing regional conflicts.
The United States has temporarily suspended sanctions on Iranian oil at sea to alleviate the energy crisis caused by the war. In response, refineries in India plan to resume Iranian oil purchases, with other Asian countries also considering this possibility.
South Korean President Lee Jae Myung has called for urgent efforts to secure alternative crude supplies, including potentially from Russia, as the Mideast war disrupts existing oil markets.
The United States' inclusion of Southeast Asian countries in trade investigations risks alienating ASEAN, with tariffs from the Trump administration also significantly impacting US-ASEAN trade relations.
Ing Ludwig Annang Hesse, President of the Ghana Institution of Engineering, has asserted that engineering, science, and technology are crucial for Ghana's development, citing examples from China and other Asian countries.
Several states are considering using their strategic reserves to mitigate the impact of energy market disruptions—China does not feel secure either
The post Asian countries are the biggest losers…
A new report indicates that holiday spending trends across various Asian countries are showing significant divergence, reflecting varied economic conditions and consumer confidence levels in the region.
European Commissioner Roxana Mînzatu notes a trend of increasingly weaker PISA test results among 15-year-old students in nearly all EU member states, especially when compared to peers in the US and Asian countries.
On March 10, as the US-Israel war with Iran entered its second week, the Bahrain government announced the arrest of six persons hailing from Asian countries — five of them Pakistanis — on charges of filming, publishing and reposting “videos related to the effects of the treacherous Iranian aggression”.
The Iran conflict — which broke out on February 28 after the United States and Israel launched joint strikes on the Islamic Republic and assassinated then-supreme leader Ayatollah Ali Khamenei,...
Asian countries, heavily reliant on oil imports from the Middle East, are implementing measures like car-free days, fuel rationing, and four-day work weeks to conserve reserves amidst the oil shock.
As war escalates in the Middle East and Iran's security forces order ships not to cross the Strait of Hormuz, oil prices have surged this Monday, putting pressure on global markets.
Southeast Asian countries could benefit from a temporary lowering of tariffs, but analysts warn there are other means United States President Donald Trump can use to keep his trade agenda alive.
The Astana Times provides news and information from Kazakhstan and around the world.
ASTANA — Foreign direct investment (FDI) stock from Asian countries into Central Asian economies grew 2.3 times between 2016 and the first half of 2025, rising from $29.9 billion to $68 billion, according to data from the Eurasian Development Bank. According to the bank’s Monitoring of Mutual Investments report released in January, the expansion reflects…
The post Asian Investors Pour $68 Billion Into Central...
The Japanese government will provide support to four Southeast Asian countries, including Thailand and Cambodia, to combat transnational organized crimes such as special fraud originating from the region. A signing ceremony for this initiative has been held.
Ho Chi Minh City's Tan Son Nhat International Airport experienced a record surge in passengers ahead of Lunar New Year (Tet), as thousands of overseas Vietnamese return home for emotional reunions. While Tet is Vietnam's biggest festival, many other Southeast Asian countries do not observe it as a public holiday.
The long-anticipated Eurovision Asia spin-off contest is now confirmed to launch, with its grand final scheduled to take place in Bangkok this November, a decade after its initial announcement. Broadcasters from 10 Asian countries have already confirmed their participation, marking the expansion of the world's largest music competition into Asia.
The United States prevented a global agreement at the World Trade Organization (WTO) ministerial meeting in Cameroon, leading European and Asian countries to pursue plurilateral agreements to counter protectionism.
The ASEAN Culture House in Busan is hosting an exhibition titled “Weaving Hands, Women’s Time: Textile Crafts of ASEAN,” featuring textile traditions from 11 Southeast Asian countries.
An academic commentary suggests that the current energy crisis, with elevated oil prices leading to higher food prices, inflation, and economic instability, could have a worse impact on the global economy than COVID-19, especially for some Asian countries.
East Asian countries, India, Sri Lanka, and Thailand are experiencing a severe fuel crisis due to their reliance on cheap Middle Eastern oil, with the war impacting various industries and causing distress for farmers; in Australia, panic buying has led to a 400% surge in fuel demand, prompting PM Albanese to reassure the public about supply.
Several fuel-thirsty Asian countries are reportedly lining up to secure supplies of Russian oil, indicating a shift in global energy procurement strategies.
Petrol pump owners in Pakistan are threatening a nationwide shutdown if their concerns regarding the ongoing fuel crisis remain unresolved, as Pakistan and other Asian countries adopt Covid-era strategies to tackle the issue.
Australians are being encouraged to work from home due to dry petrol stations, as several Asian countries consider purchasing Russian oil despite supporting Ukraine.
Natural gas prices in Europe are projected to remain high this summer due to the Persian Gulf conflict, which is impacting global energy supply and could put pressure on European prices and winter storage capacity, with Asian countries currently most affected.
The repercussions of the war in the Middle East would be felt globally, Iran's top diplomat said on Wednesday, suggesting more Western officials should push back against the conflict.
The post Iran’s says global repercussions of war ‘will hit all’ appeared first on Vanguard News.
Foreign Minister Hakan Fidan is set to attend a high-level meeting in Riyadh on Wednesday with Middle Eastern and Asian countries to discuss rising tensions linked to the Iran-cent...
The Philippines, Sri Lanka, and Pakistan have implemented a four-day work week as a measure to cope with rising oil prices and the ongoing energy crisis, with other Asian nations also seeking ways to adapt.
Exploding energy prices, linked to the war against Iran, have caused a desperate gas shortage in South Asian countries like India, Pakistan, Bangladesh, leading to closures of hotels, universities, and factories.
Uzbekistan is increasingly positioning itself as a link between Asian countries and the European Union, with Poland potentially playing a key role as a logistics partner to facilitate economic cooperation.
Mexico has announced an extension of tariffs on steel imports originating from Asian countries with which it does not have existing trade agreements, aligning with a new policy prioritizing Mexican content.
Faced with rising prices and disruptions to their oil and gas supplies, many Asian countries heavily dependent on fossil fuels from the conflict-ridden Gulf are now moving to prote...
In a shock for South Korea, the country's KOSPI index dropped by over 12 percent Wednesday in its worst sell off ever. Share prices took a dive as investors panicked about a potential energy crisis if the Strait of Hormuz remains blocked. South Korea, alongside many Asian countries, is especially dependent on Middle Eastern oil, making its businesses vulnerable to the geopolitics of the region.
Central Asian countries held a preparatory meeting in Almaty from February 25-27 for the Regional Ecological Summit (RES) 2026, focusing on aligning efforts for biodiversity and forest restoration.
The communication has been sent to principals of CBSE-affiliated schools in Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates
As launch costs decrease and satellite data becomes more accessible, more countries, including those in Southeast Asia like Singapore, are entering the space industry, fueling a new global space race.
Companies in Romania are facing difficulties in retaining foreign workers, even those recruited from Asian countries, indicating challenges in the labor market.
Many Southeast Asian countries, including Singapore and Malaysia, reported real GDP growth rates exceeding 5% in the last quarter of the previous year, primarily fueled by robust global AI demand boosting semiconductor exports.
Vietnam's busiest airports anticipate record passenger volumes during the Lunar New Year, with Vietnam, mainland China, and other Asian countries emerging as popular destinations for Hongkongers.
The Eurovision Song Contest has officially announced its first-ever Asian edition, with the inaugural competition scheduled for November 14 in Bangkok, Thailand, featuring acts from ten confirmed Asian countries and aiming for 600 million viewers, with some reports indicating a full launch in 2026.
China, a major global exporter of fertilizer and fuel, is reportedly prioritizing its domestic energy requirements due to supply disruptions caused by the Mideast war, impacting many Asian countries reliant on its imports.
Asian countries are preparing for a complete halt of liquefied natural gas (LNG) supplies from the Middle East in the coming days, a development that seriously threatens electricity production and industrial operations in the region.
A prominent Chinese political scientist cautioned Southeast Asian countries against leveraging US-China tensions for short-term gains, suggesting such a strategy could backfire.
Japan's Economy Minister indicated that it would be challenging to provide strategic oil reserves to Asian countries heavily reliant on Middle Eastern crude if such a request were made, as reserves are primarily intended for domestic use.
EU officials accuse Russia of providing intelligence and drones to Iran for attacks on US targets, while Russia vehemently denies these allegations, specifically dismissing reports of delivering drones as 'media lies'.
Asian countries are increasingly turning to coal to compensate for the shortage of liquefied natural gas (LNG), which was previously promoted as a transitional fuel towards cleaner energy sources.
Attacks on the energy sector in and around the Persian Gulf, stemming from the Middle East war, have caused global energy prices to surge, leading to widespread energy panic, particularly impacting Asian countries.
The United States has initiated new sweeping trade probes, placing Southeast Asian countries in the crosshairs with actions seen as more potent and wider in scope than previous tariffs.
Asian countries are facing a severe energy crisis, leading to measures such as reduced working hours, school closures, less driving, and rationing of fuel and cooking gas.
High oil prices are severely impacting Asia, which heavily relies on transport past Iran, leading several countries to introduce extra holidays, rationing, and encouraging public transport and cycling to save fuel.
A natural gas shortage, exacerbated by the energy crisis, has led to disruptions in the operations of restaurants, crematoriums, and educational institutions across South Asian countries, according to reports from The Financial Times.
The escalating conflict in West Asia is sending shockwaves through Asia's energy markets, prompting countries across the continent to implement strategies to mitigate the oil shock.
Concerns are rising about the impact of rising crude oil prices and supply due to the situation in Iran. An American research firm's chief economist states that the impact of rising crude oil futures prices on the global economy is a significant negative factor, especially for Asia, which has high energy imports. The situation in various Asian countries is summarized here.
China has signalled strong optimism for finalising negotiations with neighbouring Asian countries to seal a new institutional framework on contested South China Sea waterways.
At China’s annual foreign policy press conference on Sunday, Foreign Minister Wang Yi described the negotiations as having entered a “critical phase” for talks on the South China Sea Code of Conduct (CoC) – a proposed set of rules between China and the Association of Southeast Asian Nations (Asean) at the heart of easin...
The United States and Israel launched a large-scale offensive against Iran on Saturday, sparking a regional escalation as Tehran fired missiles at U.S. bases in several Gulf states.
The post U.S.
The Astana Times provides news and information from Kazakhstan and around the world.
ALMATY – Kazakh Foreign Minister Yermek Kosherbayev, together with his counterparts from Central Asian countries, met with members of the United Kingdom’s Parliament’s All-Party Parliamentary Group (APPG) for Cooperation with Central Asia on Feb. 25 to discuss strengthening interparliamentary engagement and expanding regional cooperation. Addressing British lawmakers, Kosherbayev underscored the importance Ka...
An analysis suggests that Central Asian countries should be cautious in their approach to the United States, as the 21st-century global power struggle evolves beyond traditional hydrocarbon geopolitics.