Page 7 - Asia

Dentsu no more IOC broadcast partner in Asia due to corruption charges

Facing corruption charges linked to the Tokyo Olympics, Japanese marketing giant Dentsu will no longer be a major broadcast rights holder in Asia. The International Olympic Committee said Thursday it has awarded exclusive rights for four Olympics from 2026 to 2032 to the Switzerland-based, Chinese-owned sports marketing agency Infront. The 22-market Asian deal includes Hong Kong, Indonesia, Iran, Taiwan and Vietnam, but not China, Japan or South Korea. A statement from the IOC and Infront did not mention Dentsu, which was the called the gatekeeper for selling Asian rights to broadcasters starting with the 2014 Sochi Winter Olympics through the 2024 Paris Summer Games. Dentsu and other companies were charged in February by prosecutors in Japan for collusion in commercial contracts for the Tokyo Olympics. A former Dentsu executive is implicated in a separate bribery case linked to Olympic sponsorship. Dentsu helped Tokyo win the hosting contest in 2013, after losing the previous vot

RBI expected to pause again with markets watching for shift in stance

India's latest quarterly growth figures exceeded estimates last week, bringing about an expansion of 7.2% for the last fiscal year

Asia leads 'back to office' effort; nearly 50% say will quit if no WFH

Wall Street chiefs have been among the loudest in pushing for a return to the office five days a week. JPMorgan Chase & Co. ended remote arrangements for its managing directors in April

Increased Russian crude flows to Asia are redrawing the world's oil map

Exports from traditional suppliers are being squeezed. Flows to the pair from West Africa and the US have collapsed by more than 40% and 35%, respectively.

We are aiming to reach top four in Asia by 2047: AIFF secretary general

All India Football Federation (AIFF) secretary general Shaji Prabhakaran on Monday said the country's men's national team is working on becoming one of the top four sides in Asia by 2047. Often criticised for not living up to expectations in the last two-three decades, the Indian team will be competing in the next Asian Cup, scheduled to be held in Qatar in January-February next year. This is the first time India has qualified for back-to-back Asian Cups. "We are currently ranked 19 in Asia and the goal, as per our Vision 2047 roadmap, is to reach the top four in Asia by 2047," Prabhakaran said on the sidelines of an event here. "If a country like Qatar can do what they have done in the sport, we are a country of 1.4 billion people and considering that we are one of the fastest growing economies in the world, I don't see any reason why we can't become a strong footballing nation. "We are often asked about this globally but we know our challenges. There has not been any vision, any

Six-month-old undergoes metal-free spine fixation surgery at AIIMS

Doctors at AIIMS here have conducted a successful metal-free spine fixation surgery on a six-month-old boy using a bone graft from his mother, making him the youngest infant in Asia to undergo such surgery, the hospital said. The infant was kept on a ventilator for 11 months after undergoing the 15-hour surgery on June 10 last year and was discharged on May 10, the All India Institute of Medical Sciences (AIIMS) said in a statement. The child had sustained spinal cord and brachial plexus injury during normal vaginal delivery at another hospital. He weighed 4.5 kg (macrosomia) at birth, said Dr Deepak Gupta, professor of neurosurgery at AIIMS. After birth, the child was put on oxygen support and had episodes of aspiration pneumonia in another hospital. "At the time of presentation to us in May 2022 at 5 months of age, the child had respiratory distress and minimal movement of all three limbs (left upper and lower limbs, right lower limb) and no movement of right upper limb. Examinat

Blistering heatwave continues to grip Asia in warning for the World

Temperatures in Thailand remained above 40C in many northern and central regions over much of last week, pushing power demand to a fresh peak

A torrid summer, rise in power demand risks stalling Asia's climate goals

It's the expectation of a torrid summer that has sent coal stockpiles in Asia's biggest economies soaring in recent months - and sooner or later, all that carbon is going to end up getting burned

Pakistan's inflation outpaces Sri Lanka as Asia's fastest amid food crisis

Consumer prices rose 36.4% in April from a year earlier, the highest since 1964, according to data released by the statistics department Tuesday

Benefits of global net-zero transition can be 5x costs in developing Asia

Asia and the Pacific is at the forefront of the battle against climate change

Heat waves, cyclones hit stock mkts across Asia signaling problems ahead

Extreme weather has always been part of the cost of doing business, but the frequency of such events is increasing

BSE products to get nip-and tuck-treatment under Sundararaman Ramamurthy

Asia's oldest bourse gets battle-ready under new chief

Opec+ output cut opens door to others for battle over Asia's oil demand

A surprise cut in oil production from OPEC+ is now setting the stage for other producers to vie for markets in Asia

US must treat India's G20 presidency as wake-up for its secure future

If Washington is keen on a secure future at home and in Asia, it must treat India's G20 presidency as a wake-up call, writes Georgia Leatherdale-Gilholy in The National Interest.India is the world's largest democracy, and although its strain of nationalism may be at odds with many Western sensibilities, the foundations for a mutually beneficial relationship are far more plentiful than with China, the state the West has tiptoed into trade reliance on for decades.The G20 includes several Asian countries, and India's presidency will of course provide a platform for regional cooperation and collaboration with US-aligned states such as Japan and South Korea, said Gilholy.But while there is constant establishment fanfare over established alliances in East Asia, the reality is that the opportunity of such states pales in comparison to what India can offer going forward. It is time the United States looked toward better building new bridges than simply preserving old ones.With its recently ...

Asia witnesses limited contagion risk from Silicon Valley Bank's woes

While bank shares in Asia and the US are trading at almost similar accounting book value-based valuations, the former is expected to boost earnings by 29% over the next 12 months

WHO fires director in Asia accused of racist misconduct, abusive behaviour

The World Health Organisation has fired its top official in the Western Pacific after the Associated Press reported last year that dozens of staff members accused him of racist, abusive and unethical behaviour that may have compromised the U.N. health agency's response to the coronavirus pandemic. In an email sent to employees on Wednesday, WHO Director-General Tedros Adhanom Ghebreyesus said Dr. Takeshi Kasai's appointment had been terminated after an internal investigation resulted in findings of misconduct. Tedros did not refer to Kasai by name, referencing only his title as regional director in the Western Pacific. It is the first time in WHO's history that a regional director has been dismissed. This has been an unprecedented and challenging journey for all of us, Tedros wrote. He said that the process of naming a new regional director for the Western Pacific would begin next month, with the election to be held in October. The Japanese government, which supported Kasai's ...

WHO fires director in Asia accused of racist and unethical conduct

The World Health Organization has fired its top official in the Western Pacific after the Associated Press reported last year that dozens of staff members accused him of racist, abusive and unethical behaviour that may have compromised the U.N. health agency's response to the coronavirus pandemic. In an email sent to employees on Wednesday, WHO Director-General Tedros Adhanom Ghebreyesus said Dr. Takeshi Kasai's appointment had been terminated after an internal investigation found findings of misconduct. It is the first time in WHO's history that a regional director has been dismissed. This has been an unprecedented and challenging journey for all of us, Tedros wrote. He said that the process of electing a new regional director for the Western Pacific would begin next month. A summary of an internal WHO investigation presented at a meeting of the agency's executive board this week in Geneva found Kasai regularly harassed workers in Asia, including engaging in aggressive communicati

'Shockingly low' number of startups in Asia led by women, says JPMorgan

Women remain heavily under-represented at the top echelons in high-growth private businesses in the region, with only 848 of nearly 15,000 firms across the region led or founded by a woman

Less than 1% of earth has safe levels of air pollution, study finds

Air quality is particularly worrisome in regions such as southern Asia and eastern Asia, where more than 90% of days had PM2.5 concentrations above the 15 microgram threshold

Delhi airport one of the best, cleanest in Asia Pacific, according to ACI

Delhi airport has been adjudged as one of the best airports as well as the cleanest airport in the Asia Pacific region by international grouping ACI. The Indira Gandhi International Airport (IGIA), operated by DIAL, has bagged the award for Airport Service Quality (ASQ) best airport for 2022 in the category of over 40 Million Passengers Per Annum (MPPA). It has also been named as the cleanest airport in the Asia Pacific region by the Airports Council International (ACI). ACI is a non-profit organisation of airport operators. Delhi International Airport Ltd (DIAL) is a GMR Airports Infrastructure Ltd-consortium. "The ASQ programme is the world's leading airport customer experience measurement and benchmarking programme. This recognition is based on live research via surveys gathered at the airport direct from the traveller rating their satisfaction on the day of travel," DIAL said in a release on Monday. In a separate release, Airports Authority of India (AAI) said Tiruchirappalli