AIIB eyes new platform to pool private capital for Asia’s US$1.7tr infrastructure needs
SCMP •

AIIB eyes new platform to pool private capital for Asia’s US$1.7tr infrastructure needs

The Asian Infrastructure Investment Bank (AIIB) is developing a new platform to pool capital from institutional investors, aiming to roughly quadruple the private capital it mobilises for infrastructure projects across Asia, according to a senior officer. The mechanism will allow insurers, pension funds, and other institutional investors to co-invest in infrastructure debt alongside the bank acros...

Oil spike past $100 dampens stock prices, fans inflation fears

Oil spike past $100 dampens stock prices, fans inflation fears

France 24 •

As the US and Iran trade air strikes in the vital Strait of Hormuz and Yemen's Houthi rebels step up their campaign against Saudi Arabia, surging oil prices have seen stocks falling across Asia. Investors appear to be holding their breath for the news that the Federal Reserve and other central banks will raise interest rates to tamp down the expected inflation.

Stock prices drop as oil spike fans fears of worsening inflation

Stock prices drop as oil spike fans fears of worsening inflation

France 24 •

As the US and Iran trade air strikes in the vital Strait of Hormuz and Yemen's Houthi rebels step up their campaign against Saudi Arabia, surging oil prices have seen stocks falling across Asia. Investors appear to be holding their breath for the news that the Federal Reserve and other central banks will raise interest rates to tamp down the expected inflation.

Middle East live: Yemen’s Houthi rebels seize Red Sea port city Mocha

Middle East live: Yemen’s Houthi rebels seize Red Sea port city Mocha

France 24 •

Yemen's Iran-aligned Houthi rebels seized control of the strategic Red Sea port city of Mocha on Thursday and were advancing towards the Bab al-Mandab strait, the Yemeni government and military sources said. The vital waterway serves as a key shipping lane linking Europe to Asia. Follow our liveblog for the latest updates.

Middle East live: Yemen’s Houthi rebels report roughly 40 Saudi air strikes

Middle East live: Yemen’s Houthi rebels report roughly 40 Saudi air strikes

France 24 •

Yemen’s Iran-aligned Houthi rebels said Thursday that Saudi forces launched a barrage of roughly 40 air strikes on four provinces in the war-torn country. The militant group has recently launched repeated strikes on Saudi oil facilities as renewed fighting intensifies between the Houthis and Saudi-backed forces. Follow our liveblog for the latest updates.

Middle East live: Trump warns Iran over activity at Pickaxe Mountain fortified site

Middle East live: Trump warns Iran over activity at Pickaxe Mountain fortified site

France 24 •

US President Donald Trump on Wednesday said the United States may target Iran's Pickaxe Mountain fortified site near its damaged Natanz uranium enrichment facility, warning Tehran "not to get cute". He also commented that oil prices that have surged because of the Iran war likely won’t come down until after US midterm elections, as his advisers warned the conflict could extend through the remainde...

Middle East live: Trump warns Iran 'not to get cute' over activity at Pickaxe Mountain

Middle East live: Trump warns Iran 'not to get cute' over activity at Pickaxe Mountain

France 24 •

President Donald Trump said on Wednesday the United States may hit Iran's Pickaxe Mountain, warning them "not to get cute." He also commented that oil prices that have surged because of the Iran war likely won’t come down until after US midterm elections, as his advisors warned the conflict could extend through the remainder of his presidency. Follow our liveblog for the latest updates.

Middle East live: Trump warns Iran 'not to get cute' over activity at Pickaxe mountain

Middle East live: Trump warns Iran 'not to get cute' over activity at Pickaxe mountain

France 24 •

President Donald Trump said on Wednesday the United States may hit Iran's Pickaxe Mountain, warning them "not to get cute." He also commented that oil prices that have surged because of the Iran war likely won’t come down until after US midterm elections, as his advisors warned the conflict could extend through the remainder of his presidency. Follow our liveblog for the latest updates.

Politics live: Australia sends ‘wrong signals’ to China and India about international students, Victorian premier says

Politics live: Australia sends ‘wrong signals’ to China and India about international students, Victorian premier says

The Guardian •

Follow the day’s news liveLabor introducing new laws to crack down on illegal tobaccoLabor will introduce new laws to make it easier to prosecute criminals involved in the illicit tobacco trade, as the government fights an uphill battle against the exploding black market.The new laws think about it as a list of observable indicators, very simple, fact-based things like: is the tobacco appropriatel...

Rubio defends US strikes on boats, warns of drug cartel ‘cancer’

Rubio defends US strikes on boats, warns of drug cartel ‘cancer’

SCMP •

US Secretary of State Marco Rubio defended controversial strikes on suspected drug-trafficking boats during a visit to Ecuador on Wednesday, arguing Latin American cartels would “eat these countries alive” if left unchecked. Hailing a new generation of conservative leaders emerging across the region who are allied with President Donald Trump, Rubio said Washington was finding partners willing to b...

Trump claims he will give $5,000 to every American if Republicans win the midterms as he defends Iran war and tariffs– live

Trump claims he will give $5,000 to every American if Republicans win the midterms as he defends Iran war and tariffs– live

The Guardian •

President provided no details about where the money would come from or the legality of the incentiveRepublicans look to ‘midterm convention’ to overcome Trump unpopularitySign up for US Breaking News emailStefany Shaheen, the daughter of a longtime New Hampshire senator and former governor, has won the Democratic nomination in the race for Chris Pappas’s former House seat.Stefany Shaheen’s mother ...

Deadly Philippines ferry fire leaves scores of people missing

Deadly Philippines ferry fire leaves scores of people missing

The Guardian •

Forty-three people rescued and early death toll stands at five after blaze aboard MV ‌June Aster in waters off Coron, Palawan, says coast guardFive people were confirmed dead ⁠in early counting and ​more than 80 were missing after a ferry caught fire ⁠off Palawan island in the western Philippines on Wednesday night, the Philippine coast ⁠guard said.Forty-three people were ​rescued from the MV ‌Jun...

Instagram boss says users will be ‘overwhelmed’ with brand content in algorithm-free world

Instagram boss says users will be ‘overwhelmed’ with brand content in algorithm-free world

The Guardian •

Adam Mosseri says platform’s algorithm ‘feels like a black box’ but company trying to give users more control after Labor announces opt-out planInstagram’s chief executive has said users will have a worse experience in an algorithm-free world, seeing more brand-related content, and spend less time on the app.The comments come as the Australian government plans to give users the option to opt out o...

SMH columnist Peter FitzSimons tells Alan Jones trial alleged victim was ‘revolted’ by abuse

SMH columnist Peter FitzSimons tells Alan Jones trial alleged victim was ‘revolted’ by abuse

The Guardian •

FitzSimons tells court that complainant C told him Jones, who has pleaded not guilty, would touch his penis and he ‘kept pushing it away’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSydney Morning Herald columnist Peter FitzSimons has told the Alan Jones trial an alleged victim he spoke to in 2019 was “tearful” and sounded “emotio...

Philippines races to find survivors of ferry fire that killed at least 5

Philippines races to find survivors of ferry fire that killed at least 5

SCMP •

The Philippines has deployed coastguard, military and civilian vessels in a race to find survivors on a smouldering passenger-and-cargo ferry off the western island of Palawan, after ‌a fire on board killed at least five people and left more than 80 missing. Drone footage released by the coastguard showed the blackened ferry surrounded by clear blue-green waters, with the vessel still generating s...

Fire engulfs Philippine ferry, killing 5 and leaving 86 missing

Fire engulfs Philippine ferry, killing 5 and leaving 86 missing

SCMP •

At least five people were killed and 86 remain missing for after a fire erupted aboard a ferry near a tourist hotspot in the Philippine province of Palawan, the coastguard said on Thursday. The blaze broke out on the MV June Aster on Wednesday evening about 2.2km (1.3 miles) offshore, the coastguard said, adding that five casualties had been brought ashore. Video shared by the coastguard on social...

Fire engulfs Philippine ferry, killing 5 and leaving 87 missing

Fire engulfs Philippine ferry, killing 5 and leaving 87 missing

SCMP •

At least five people were killed and 87 remain unaccounted for after a fire erupted aboard a ferry near a tourist hotspot in the Philippine province of Palawan, the coastguard said on Thursday. The fire aboard the MV June Aster broke out on Wednesday evening about 2.2km (1.3 miles) offshore, the coastguard said, adding that five casualties had been brought ashore. Video shared by the coastguard on...

Bayeux Tapestry 'mania' sweeps UK as first exhibition outside France opens

Bayeux Tapestry 'mania' sweeps UK as first exhibition outside France opens

France 24 •

The British Museum on Thursday opened its doors for the first public display of the 1,000-year-old Bayeux Tapestry outside of France. The museum has so far sold a record-breaking 100,000 tickets to see the tapestry, which depicts the Norman conquest of England under William the Conqueror.

Is the Philippine military ‘massively underfunded’?

Is the Philippine military ‘massively underfunded’?

SCMP •

The Philippines’ military modernisation road map is set for delays over budget constraints, with critics calling out what they say is President Ferdinand Marcos Jnr’s “lip service” approach and questioning his commitment to the ambitious project. In 2024, Marcos approved a revised 1.9 trillion Philippine pesos (US$30 billion) plan to acquire newer military assets until 2034, aiming to enhance the ...

Is the Philippine armed forces ‘massively underfunded’?

Is the Philippine armed forces ‘massively underfunded’?

SCMP •

The Philippines’ military modernisation road map is set for delays over budget constraints, with critics calling out what they say is President Ferdinand Marcos Jnr’s “lip service” approach and questioning his commitment to the ambitious project. In 2024, Marcos approved a revised 1.9 trillion Philippine pesos (US$30 billion) plan to acquire newer military assets until 2034, aiming to enhance the ...

China’s Communist Party quietly signals social stability push with new high-level body

China’s Communist Party quietly signals social stability push with new high-level body

SCMP •

China’s ruling Communist Party has signalled a renewed push for social stability by quietly setting up a high-level party group about a year ahead of its 21st national congress. The creation of the Leading Group for Social Governance of the party’s Central Committee underscores the growing focus on internal security and grass-roots governance ahead of the next five-yearly congress, expected to be ...