The Japanese government said on Friday it will create an extra budget worth $200.8 billion to fund a package to help households and businesses cope with rising living costs.

South Korean tech giant aims to continue with its investment plans despite rivals moving to scale back output and spending, amid concern about a global recession.

An annual survey by the American Chamber of Commerce in Shanghai and PwC China found only 55% of 307 companies are optimistic about the five-year business outlook.

Senior Commerce official says US expects to sign a deal with allies in the near-term to support new rules launched to cut China's access to advanced chipmaking tools.

Samsung insiders say his quiet manner disguises a steely determination that Lee will need if he is to grow Samsung amid mounting business headwinds amid a sharp downturn in global tech demand

Asian markets were mixed on Thursday with Chinese and Japanese stocks slipping ahead of an update on the US economy and an ECB rate hike decision

Data Lake, a Manila-based firm part owned by Henry Sy Jr, said it signed a deal to be first SE Asian partner of SpaceX's Starlink. Currently few Filipinos have broadband internet service

Some 28 cities were implementing varying degrees of lockdown measures, with over 200 million people affected in regions responsible for a quarter of national GDP at the start of this week

Profits at China's industrial firms fell by 6 percentage points in September. Covid restrictions, the property crisis and weakening demand were the key reasons.

Korean tech groups SK Hynix and LG Display joined US tech giants in reporting big slowdowns in growth and warning things are going to get worse, fanning recession fears.

Cases have been rising in China, even in the Beijing, which has some of the strictest Covid barriers, despite the tough zero-Covid policy. Parts of Wuhan and Guangzhou have also been locked down

The downgrade to B2 from B1 came after the Chinese conglomerate said last week its units would sell a combined 60% stake in Nanjing Nangang Iron & Steel United for up to $2.2bn