Yen hits new 24-year low of 142 to dollar

  Backlink: NIKKEI ASIA The yen tumbled to 142 against the dollar on Tuesday, its weakest since August 1998, as the Bank of Japan continues to pursue aggressive monetary easing even as other central banks in advanced economies raise rates to fight inflation.       […]

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Typhoon Hinnamnor rips across S.Korea’s industrial south

  Backlink: REUTERS A powerful typhoon tore through South Korea’s southern industrial hubs on Tuesday, leaving at least two people dead, 10 missing and thousands displaced, authorities said. Typhoon Hinnamnor left the Korean peninsula early on Tuesday after battering the southeastern industrial cities of Pohang, Gyeongju and Ulsan with strong winds and heavy rain. […]

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India’s first homegrown carrier enters into service in tense Indo-Pacific

  Backlink: NIKKEI ASIA India on Friday commissioned the INS Vikrant, its first indigenous aircraft carrier, marking a milestone in its push to reduce its military’s reliance on foreign imports as tensions with China simmer. The 262-meter-long ship, which can accommodate up to 30 fighter jets, cost about 200 billion rupees ($2.5 billion) to build, […]

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