As authorities seek to revive their economies from the fallout caused by the coronavirus pandemic, governments will need to "spend an awful lot of of money to protect and insure their economies."
Vietnam, once praised for its success in containing the coronavirus outbreak, is now battling a resurgence in cases and has warned that the disease could spread wider across the country.
Former Malaysian Prime Minister Najib Razak was sentenced to 12 years in jail and handed a fine of 210 million Malaysian ringgit ($49.3 million) after he was found guilty of all charges in his first trial linked to the financial scandal at 1MDB.
Reuters international news agency is interviewing Dr. Anthony Fauci, a member of the White House coronavirus task force, as the nation struggles to contain the coronavirus outbreak.
Gold prices touched record prices on Monday morning in Asia as worries over issues such as the coronavirus pandemic as well as U.S.-China trade tensions weighed on investor sentiment.
China has no more allies in Washington, even among the Democrats, analysts said during a virtual conference organized by Singapore-based bank DBS on Thursday.
Selling TikTok now might help Chinese owners ByteDance avoid a perilous path forward as the U.S. government makes noises about a crackdown or ban. But it would also potentially cost ByteDance enormous future profits.
U.S. Secretary of State Mike Pompeo's seeming attempt to rally the Chinese people against the Communist Party of China has the opposite effect of increasing support for the ruling party, said Daniel Russel, former assistant secretary of state for East Asian and Pacific affairs from 2013 to 2017.
Asia Pacific markets fell on Friday, led by Chinese stocks, as investor sentiment took a hit over worsening U.S.-China relations and a sell-off in U.S. markets overnight.
The FBI alleges that a researcher focusing on biology who lied about her connection to the Chinese military in order to receive a U.S. visa has avoided arrest by taking refuge in the Chinese consulate in San Francisco.
Tensions between Washington and Beijing escalated after the U.S. State Department abruptly ordered China to close its consulate in Houston, drawing condemnation from China's foreign ministry.
Australia said its budget deficit is forecast to deepen significantly to 85.8 billion Australian dollars ($61.27 billion) in the financial year that ended on June 30 and further widen to 184.5 billion ($131.78 billion) in the new fiscal year.
Countries including India and Indonesia have not reached the peak of their first wave of coronavirus outbreak, while others such as Australia appeared to be experiencing a second wave of infections, data compiled by John Hopkins University indicated.
Dr. David Satcher, former director of the Centers for Disease Control of Prevention, said he would grade the nation's leadership amid the pandemic a C "at best."
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