The Hungarian-born billionaire George Soros has offered a three-point plan in order to preserve the status of the European Union. Europe’s alliance has been under strain as bigger more powerful countries demand that those with struggling economies rein in their spending to reduce debt. This enforced austerity has led to high unemployment in countries such […]

Ant Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised $10 billion from a clutch of global and local investors, five people with direct knowledge of the matter told Reuters. Ant’s first fundraising targeting global money values the firm at $150 billion, […]

A top aide to North Korean leader Kim Jong Un arrived in Singapore on Monday night, Japanese public broadcaster NHK said on Tuesday, the latest indication that the on-again-off-again summit with U.S. President Donald Trump may go ahead. Kim Chang Son, Kim’s de facto chief of staff, flew to Singapore via Beijing on Monday night, […]

Former North Korea spy chief and senior official Kim Yong Chol is headed to the United States after stopping over in Beijing, presumably for talks with U.S. officials regarding a possible summit between North Korean leader Kim Jong Un and President Donald Trump, South Korea’s Yonhap News Agency said on Tuesday. Kim Yong Chol has […]

Apple may be planning to use high-end technology in the screens for all of its new iPhone models next year, according to a report from South Korea’s Electronic Times. The American tech juggernaut is reportedly looking at organic light-emitting diode, or OLED, panels, which make images appear brighter and sharper compared to another technology used […]

Indonesia’s rupiah has been growing worryingly weak, and the country’s central bank has seen little success after multiple attempts to prop up the currency. Now, Bank Indonesia said it will meet again on Wednesday — and speculations are rife that the central bank has more tricks up its sleeve. The rupiah has been one of […]

Asian markets were poised to open lower on Tuesday, with Italian politics and the slide in oil prices in the spotlight overnight. Futures pointed to a lower open for markets in Japan and Australia. Nikkei futures traded in Chicago were lower by 0.25 percent compared to the index’s last close and Australian SPI futures were […]

The U.S. is prepared to unveil tough new sanctions on North Korea as soon as Tuesday, but could hold off as the countries try to revive a summit that President Donald Trump canceled last week, The Wall Street Journal reported Monday. The newspaper, citing two administration officials, said the Treasury Department had assembled sanctions that […]

The G-7 summit meeting next month is an opportunity for President Donald Trump to clarify his views on trade and multilateral economic and political foundations of the world order. It would be a great pity if the occasion were missed because — as some foreign leaders argue — Trump was too absorbed by watershed Congressional […]

A few days ago, the U.S.-North Korea summit was clouded in “will-they-or-won’t-they” uncertainty. Entering a new week, however, the latest developments indicate a resurrected sense of optimism as Seoul looks to insert itself into the picture. South Korean President Moon Jae-in could join President Donald Trump and Kim Jong Un for their anticipated June 12 […]