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Pakistan Navy Conducts Rescue Operation in Arabian Sea, Saving 18 Crew Members

Pakistan Navy Conducts Rescue Operation in Arabian Sea, Saving 18 Crew Members

The Pakistan Navy successfully rescued 18 crew members, including foreign nationals, from a merchant vessel in the North Arabian Sea. The operation was initiated after the vessel, Gold Autumn, sent out a distress call while operating 200 nautical miles off Pakistan's coast. The rescue was conducted by PNS HUNAIN, which provided medical aid, assisted in firefighting, and carried out damage assessment. The crew members, hailing from China, Bangladesh, Myanmar, Vietnam, and Indonesia, were evacuated and transported to Karachi for medical care and repatriation.

Asia Pacific faces weaker growth and higher inflation from Middle East crisis, ADB warns

Asia Pacific faces weaker growth and higher inflation from Middle East crisis, ADB warns

MANILA, April 10 (Reuters) - Growth in developing Asia and the Pacific is expected to slow this year as the conflict in the Middle East disrupts trade and energy markets, the Asian Development Bank said on Friday, with the extent of the slowdown dependent on how long the crisis persists.

Factbox-Price hikes, outlook cuts - What airlines are doing as fuel costs surge

Factbox-Price hikes, outlook cuts - What airlines are doing as fuel costs surge

April 10 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise financial outlooks.

Philippines Establishes Coast Guard Base on Thitu Island Amid South China Sea Dispute

Philippines Establishes Coast Guard Base on Thitu Island Amid South China Sea Dispute

The Philippines has inaugurated a significant coast guard base on Thitu Island, located in the South China Sea, to assert its sovereignty in a region also claimed by China. The base, described as a 'steadfast sentinel of our sovereignty,' aims to protect the country's maritime interests and support local fishermen. The opening ceremony was attended by Philippine Transport Secretary Giovanni Lopez, Senator Erwin Tulfo, and Coast Guard Commander Admiral Ronnie Gil Gavan. This development comes amid ongoing tensions with China, which claims nearly the entire South China Sea despite a 2016 arbitration ruling that invalidated its expansive claims. The new base will be supported by personnel, patrol ships, and aircraft for law enforcement and environmental protection. Smaller outposts are planned for other Philippine-occupied areas.

U.S. Hemp Fiber Partnership Expands Vietnam Textile Supply Chain

U.S. Hemp Fiber Partnership Expands Vietnam Textile Supply Chain

U.S. Hemp Fiber Partnership Expands Vietnam Textile Supply Chain

How Trump went from threatening Iran's annihilation to agreeing to a 2-week ceasefire with Tehran

How Trump went from threatening Iran's annihilation to agreeing to a 2-week ceasefire with Tehran

Over the course of a single day, President Donald Trump went from threatening Iran with “annihilation” to proclaiming that Iran's leadership had presented a “workable” plan that led him to agree to a two-week ceasefire

IATA chief says jet fuel supply could take months to recover after Hormuz reopening

IATA chief says jet fuel supply could take months to recover after Hormuz reopening

SINGAPORE, April 8 (Reuters) - The head of a body representing global airlines said on Wednesday that even if Iran reopened the Strait of Hormuz it would take months for jet fuel supply to recover given disruptions to Middle East refining capacity. Oil fell below $100 per barrel after U.S.

How Trump went from threatening Iran's annihilation to agreeing to a two-week ceasefire with Tehran

How Trump went from threatening Iran's annihilation to agreeing to a two-week ceasefire with Tehran

President Donald Trump over the course of a day went from threatening Iran with “annihilation” to proclaiming that the battered Islamic Republic’s leadership had presented a “workable” plan that led him to agree to a two-week ceasefire

China's Market Share in U.S. Footwear Imports Hits 35-Year Low Amid Tariff Impacts

China's Market Share in U.S. Footwear Imports Hits 35-Year Low Amid Tariff Impacts

China's Market Share in U.S. Footwear Imports Hits 35-Year Low Amid Tariff Impacts

FTSE Russell Upgrades Vietnam to Emerging Market Status, Boosting Investment Prospects

FTSE Russell Upgrades Vietnam to Emerging Market Status, Boosting Investment Prospects

FTSE Russell has confirmed Vietnam's upgrade to emerging market status from frontier status, effective September 2026. This decision follows an interim review that assessed Vietnam's progress in enabling access to global brokers, a key factor for index replication. The upgrade places Vietnam alongside markets like India and China, reflecting the country's market-friendly reforms. Vietnam's inclusion in FTSE Russell's global equity indices will occur in phases, continuing into 2027. The upgrade is expected to attract passively managed funds to invest in locally listed companies, enhancing Vietnam's investment appeal. Despite recent declines in Vietnam's benchmark stock index due to Middle East conflicts, the country has shown strong economic growth, with a 41% surge in 2025.

Philippines opens key coast guard base in the disputed South China Sea

Philippines opens key coast guard base in the disputed South China Sea

The Philippines has unveiled a major coast guard base on Thitu Island in the South China Sea

Iran's proposal to collect tolls in the Strait of Hormuz violates trade norms

Iran's proposal to collect tolls in the Strait of Hormuz violates trade norms

To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to world oil supplies