Bloomberg The drive to launch new carbon exchanges in Asia has reached new heights with Malaysia entering the fray, raising questions about how many will survive in a market that could be worth hundreds of billions in a few decades. Bursa Malaysia Bhd opened an exchange this month, joining more than a dozen that are under way or planned ...

  Bloomberg India’s unemployment rate in December climbed to its highest point since a nationwide pandemic lockdown, as the country struggles to produce enough jobs to absorb a growing workforce. The joblessness rate in the first three weeks of December was over 8% of the available labour force, Mahesh Vyas, head of the Centre for Monitoring Indian Economy Pvt Ltd, ...

  Bloomberg China confirmed it’s narrowed how it defines a Covid death, adding weight to speculation that its strikingly low official tally is hiding the true picture of the chaos unleashed by this month’s abrupt pandemic pivot. The country will only count people who tested positive for Covid and died of respiratory failure as official virus deaths, Wang Guiqiang, a ...

  Bloomberg India’s biggest carmaker, Maruti Suzuki India Ltd, said government levies put vehicles beyond the reach of much of the population, adding to criticism of the country’s tax regime from Tesla Inc and Toyota Motor Corp. “Government policies are such that they treat cars as luxury products that need to be heavily taxed,” Maruti Chairman RC Bhargava said at ...

  Bloomberg Taiwan’s export orders plummeted by the most since the height of the global financial crisis more than a decade ago, a sign of worsening global demand for technology products. Overseas orders to Taiwanese firms fell 23.4% in November from a year earlier, according to a statement from the Economics Ministry. That was almost double the 12.8% drop economists ...

  Bloomberg After the worst year for initial public offerings (IPO) in Hong Kong since the financial crisis, bankers and analysts expect a recovery in listings in the Asian financial hub as China moves forward with reopening plans. Proceeds raised in the city totalled $12.9 billion in 2022, down 70% versus last year, outpacing the 29% contraction in the Asia ...

Bloomberg China is building up several unoccupied land features in the South China Sea, according to Western officials, which they said was part of Beijing’s long-running effort to strengthen claims to disputed territory and potentially bolster its military presence in a region critical to global trade. Fishing fleets that operate as de facto maritime militias under the control of authorities ...

Bloomberg The Royal Thai Navy said that at least five sailors have been confirmed dead after a ship sank off the coast of southern Thailand during a storm. There were 105 sailors on board the HTMS Sukhothai, a corvette which went down 37 kilometers (20 nautical miles) offshore the province of Prachuap Khiri Khan, according to a navy tweet and ...

  Bloomberg An explosion was reported at Russian gas pipeline that goes to Ukraine for further supplies to Europe. The blast occurred at the section of the Urengoy-Pomary-Uzhgorod link, according to Russian media reports, citing the press office of the regional governor. It wasn’t immediately clear if flows of gas were impacted. A fire site was extinguished after the incident ...

Bloomberg South African President Cyril Ramaphosa emerged from a ruling party electoral conference with a stronger mandate, yet still has to overcome a series of political hurdles to tackle a daunting economic to-do list. The country is gripped by an energy crisis that’s idling businesses for six or more hours a day, the crumbling freight-rail system prevents key exports from ...