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EU and ASEAN Strengthen Ties with Comprehensive Strategic Partnership Plans

EU and ASEAN Strengthen Ties with Comprehensive Strategic Partnership Plans

The European Union (EU) is working to elevate its partnership with the Association of Southeast Asian Nations (ASEAN) to a Comprehensive Strategic Partnership level. This initiative was discussed during the EU-ASEAN Post-Ministerial Conference and the ASEAN Foreign Ministers’ Meeting, where EU High Representative/Vice-President Kaja Kallas emphasized the EU's commitment to deepening ties with ASEAN. The EU plans to adopt upgrades in its bilateral relations with the Philippines and Indonesia, following a similar upgrade with Vietnam earlier this year. These developments are part of a broader strategy to enhance cooperation between the EU and ASEAN, with a focus on addressing global challenges such as energy market disruptions and geopolitical tensions.
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Vingroup Expands Globally Amid Slowing Domestic Market in Vietnam

Vingroup Expands Globally Amid Slowing Domestic Market in Vietnam

Vingroup Expands Globally Amid Slowing Domestic Market in Vietnam
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Analysis-AI race redraws Asian air cargo, replacing e-commerce as growth engine

Analysis-AI race redraws Asian air cargo, replacing e-commerce as growth engine

By Julie Zhu and Lisa Baertlein HONG KONG/LOS ANGELES, July 29 (Reuters) - The global race to build artificial intelligence is redrawing Asia's air cargo map, prompting airlines to redesign networks around growing semiconductor manufacturing hubs as cross-border e-commerce loses momentum.
Variety Variety
How Lan Hongchun’s Teochew Film ‘Dear You’ Turned a Forgotten Postal Tradition Into China’s Unlikely Hit: ‘Dialect Is Never Going to Be a Liability...

How Lan Hongchun’s Teochew Film ‘Dear You’ Turned a Forgotten Postal Tradition Into China’s Unlikely Hit: ‘Dialect Is Never Going to Be a Liability...

Four people. One letter. An ocean between them. To send a letter home from Bangkok in the 1950s, an overseas Chinese laborer needed four people: himself, a scribe to put his words on paper, a reader to decode it at the destination and the person waiting to hear it read aloud. Lan Hongchun built a […]
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Türkiye Joins ASEAN as 12th Dialogue Partner, Expanding Regional Influence

Türkiye Joins ASEAN as 12th Dialogue Partner, Expanding Regional Influence

Türkiye has been officially admitted as the 12th Dialogue Partner of the Association of Southeast Asian Nations (ASEAN) during the 59th ASEAN Foreign Ministers' Meeting in Manila. This development marks a significant step in Türkiye's engagement with Southeast Asia, following its accession to ASEAN’s Treaty of Amity and Cooperation in 2010 and its status as a Sectoral Dialogue Partner in 2017. The decision to grant Türkiye full Dialogue Partnership status was made after a thorough review of ASEAN's moratorium on new Dialogue Partners, highlighting Türkiye's strategic relevance in the region. Türkiye's economic ambitions in Southeast Asia are underscored by its bilateral trade targets with countries like Indonesia and Malaysia, although current trade volumes fall short of these goals.
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Vietnamese Cargo Ship Sinks in South China Sea, 48 Survivors Rescued

Vietnamese Cargo Ship Sinks in South China Sea, 48 Survivors Rescued

A Vietnamese cargo ship, Khoi Nguyen 18, sank near Fiery Cross Reef in the South China Sea, leading to a multinational search and rescue operation. The incident occurred on Saturday, with 48 survivors rescued by Tuesday. The ship, built in 2017, was operating in bad weather conditions when it sank. Vietnamese, Philippine, and Chinese rescuers are involved in the ongoing search for 14 missing individuals. The survivors have been transferred to Vietnamese authorities for medical care. The operation is being conducted under international maritime agreements, highlighting the strategic importance of the South China Sea, a region with overlapping territorial claims and significant global trade routes.
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Vietnamese Cargo Ship Sinks in South China Sea, 48 Survivors Found

Vietnamese Cargo Ship Sinks in South China Sea, 48 Survivors Found

A Vietnamese cargo ship, Khoi Nguyen 18, sank near Fiery Cross Reef in the South China Sea, leading to a multinational search effort. As of Tuesday, 48 survivors have been rescued, with 14 individuals still missing. The ship, which was operating in adverse weather conditions, went down late Saturday. Vietnamese, Philippine, and Chinese rescue teams are involved in the ongoing search. The survivors have been transferred to Vietnamese authorities for medical care. The incident highlights the strategic and contested nature of the South China Sea, an area with overlapping territorial claims and significant global trade routes.
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Vietnamese Cargo Ship Sinks in South China Sea, 48 Rescued, 14 Missing

Vietnamese Cargo Ship Sinks in South China Sea, 48 Rescued, 14 Missing

A Vietnamese cargo ship, Khoi Nguyen 18, sank near Fiery Cross Reef in the South China Sea, leading to a multinational search effort for 14 missing crew members. The ship, which had 62 people on board, went down in bad weather. So far, 48 survivors have been rescued and are receiving medical care. The search involves Vietnamese, Philippine, and Chinese rescue teams, highlighting international cooperation in maritime emergencies.
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Birkin bag maker Hermes posts 7% rise in quarterly sales

Birkin bag maker Hermes posts 7% rise in quarterly sales

By Dominique Patton PARIS, July 29 (Reuters) - French luxury group Hermes reported a slight acceleration in growth in the second quarter on Wednesday, as the impact from the Middle East conflict eased and tourism recovered in France.
AP News AP News
Survivors rise to 48 with more missing after Vietnamese ship sinks in South China Sea

Survivors rise to 48 with more missing after Vietnamese ship sinks in South China Sea

The number of survivors of a cargo ship that sank off a Chinese-occupied shoal in the South China Sea has risen to 48 as search and rescue crews hunt for more people who went down with the vessel
Reuters Reuters
Emerging markets stare at inflation risks as powerful El Niño looms

Emerging markets stare at inflation risks as powerful El Niño looms

By Siddarth S and Johann M Cherian July 27 (Reuters) - Emerging economies already strained by the Middle East conflict face a new threat: a potentially powerful El Niño that could push up food prices and slow growth. The U.S.
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India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

India economic growth to slow sharply as weak investment, oil shock weigh: Reuters poll

By Vivek Mishra and Anant Chandak BENGALURU, July 28 (Reuters) - India's economic growth is expected to slow sharply this fiscal year from last year's robust expansion and recover only modestly the following year, a Reuters poll of economists found, as weak private investment and higher oil prices