Leading US economist Paul Krugman says China masked its inadequate consumer spending for years by promoting an "insanely large" real estate bubble, which is now being deflated

The Industrial and Commercial Bank of China agreed to pay $32.4 million in penalties for unauthorized disclosure of confidential information and failure to comply with US anti-money laundering rules in recent years

Companies that normally ship exports from Vietnam to Europe are opting for more expensive air freight because of attacks on vessels in the Red Sea, a freight platform said

TSMC's shares closed 6.5% higher on Friday in Taipei, cementing its position as Asia's most valuable listed company

Canal authorities blamed the drought on the El Niño weather phenomenon and climate change, and warned new water sources needed to be found

The country's most indebted provinces and cities have been told to delay, downsize or stop work on state-funded transport projects, so municipal debt is contained

The popularity of BYD's EVs has encouraged its sole Thai distributor to dramatically expand its business. Rever Automotive said it will triple its dealerships in Thailand over the next years

The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls; firms on thin margins facing severe impacts

China will get a 'Silk Road' gateway to South America and its resources via a $3.5 billion deep-water port at Chancay in Peru, due to open late this year

One of the primary motivators for India to reduce the EV import tax had been Tesla’s interest in building a factory in India

Top UN police official warns that criminal gangs are using underground banking systems which have "super-charged" the illicit economy in East Asia

The US firm sold one in five of all handsets last year, though overall sales dropped as consumers cut their spending