Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. France’s fiscal troubles shift Ukraine’s burden to Germany Diego Faßnacht reports that France’s worsening debt dynamics and rising borrowing costs are narrowing its fiscal room to sustain Ukraine support, increasing Germany’s relative importance. But Berlin’s […]

The post Europe’s Ukraine commitments collide with fiscal reality appeared first on Asia Times.

A Samsung memory chip worker earning about $60,000 a year could receive roughly $560,000 in bonuses before tax, according to the company’s largest union. Its estimate includes both Samsung’s existing profit-sharing bonus and a new special payment. Samsung hasn’t confirmed the amount. On October 7, the company outlined how that special bonus would work: 10.5% […]

The post Samsung dangles $560,000 bonuses to keep engineers from China appeared first on Asia Times.

A multibillion-dollar private initiative to overhaul US submarine manufacturing marks an urgent push to revitalize naval industrial capacity at a pivotal moment in the Indo-Pacific balance of power. This month, multiple media outlets reported that defense technology firm Anduril Industries will invest US$3.7 billion of its own capital to build a 2-million-square-foot “software-defined shipyard” at […]

The post Anduril’s plan to save US sub edge from China’s undersea surge appeared first on Asia Times.

On October 4, the US pulled its 12 B-1 strategic bombers out of Fairford, UK and returned them to the United States. Reports say the planes returned to Ellsworth Air Force Base in Rapid City, South Dakota. The bombers were pulled out when intelligence reported that an attack by armed drones against Fairford was imminent. […]

The post Moving B-1 bombers from UK to US is no drone warfare solution appeared first on Asia Times.

China is increasingly trying to diversify its connections to the region as Pakistan’s actions in Afghanistan create new security and strategic problems for Beijing. The opening of a road through the Wakhan Corridor is an important step in that effort. Afghanistan has formally inaugurated a 121-kilometer road through the corridor, running from Broghil to the […]

The post Afghan road to China tests Pakistan’s power and leverage appeared first on Asia Times.

Last week, eight Chinese-made light attack jets sat on a half-finished runway at Ban Keun, flanked by more than two dozen military support vehicles, offering the first aerial glimpse of a new Chinese-Lao military facility north of the Lao capital, Vientiane. The speed of the buildup and the earthmoving visible around the airstrip in the […]

The post Belt and Road paving way for China’s military presence in SE Asia appeared first on Asia Times.

When people think about what ChatGPT or other large language models are doing behind the scenes, it’s common to reach for the language of computing. You might assume there is a database, or a logical series of steps being executed, in order to provide a response to your query. Picturing AI responses as akin to […]

The post Mind games: AI behaves more like a brain than a database appeared first on Asia Times.

South Korea’s maiden flight test of a domestic hypersonic glide vehicle highlights an accelerating bid to field counterstrike assets capable of bolstering autonomous deterrence against North Korea’s expanding nuclear threat. This month, multiple media outlets reported that South Korean President Lee Jae-myung oversaw the country’s first test launch of a domestically developed hypersonic glide vehicle, […]

The post South Korea’s hypersonic leap runs into North Korea’s nuclear wall appeared first on Asia Times.

Beijing has rebuffed a European Union request to voluntarily cap hybrid car exports to the bloc, raising the prospect of new, steep EU tariffs on Chinese hybrids, which have so far escaped the duties on pure electric vehicles. China has refused to set quotas on its exports of hybrid electric vehicles (HEVs) and plug-in hybrid […]

The post EU weighs safeguard tariffs as China refuses hybrid car limits appeared first on Asia Times.

A flurry of landmark arms deals is reshaping Central Asia’s strategic landscape, as regional states leverage alternative defense suppliers to assert their sovereignty amid Russia’s waning dominance and an intensifying Sino-Indian rivalry. Indian Defense Secretary Rajesh Kumar Singh confirmed the export of India’s domestically developed Akash surface-to-air missile system to Tajikistan and Turkmenistan, multiple media […]

The post India’s Central Asia missile sales spark a new Great Game appeared first on Asia Times.

TEL AVIV – Every Israeli election of the past decade has been sold as the last chance to save the country, and every one has ended in the same place: a long night of counting, followed by weeks of bargaining among men who swore they would never sit together. The vote on October 27 has a stronger […]

The post Israel votes again but the arithmetic hasn’t changed appeared first on Asia Times.

It’s not often that events in Mumbai reverberate through global markets. But the Reserve Bank of India’s first interest rate hike in almost four years speaks volumes about the chaotic state of play. The inflation slamming Asia’s third-biggest economy and the rupee’s drop to record lows left RBI Governor Sanjay Malhotra with no choice but […]

The post India’s rate hike a loud warning shot for Modinomics appeared first on Asia Times.

Every year, the Indonesian government forgoes taxes it could collect. Through tax holidays, rate cuts and exemptions, it courts investment while easing the burden on households and small businesses. Economists call this “tax expenditure” because giving up revenue is another way of spending public money. The Ministry of Finance expects it to reach 564 trillion […]

The post Indonesia should count the real cost of its mineral incentives appeared first on Asia Times.

Five years after seizing Kabul, the Taliban’s strongest argument for international acceptance rests on control. The Taliban governs every provincial capital and faces no conventional army capable of marching on Kabul. It repeatedly cites improved security as proof that Afghanistan’s post-2021 order is settled. But armed resistance is becoming more geographically dispersed, more organizationally diverse […]

The post Bit by bit, the Taliban is losing control of Afghanistan appeared first on Asia Times.

An analysis published on Wednesday by ABC News estimated that companies backed financially by Donald Trump Jr. and Eric Trump have so far scored more than $6 billion in contracts from the US Department of Defense. As ABC documented, many of the investments into the defense firms come through 1789 Capital, a venture capital firm […]

The post Trump sons-backed firms bank $6 billion plus in Pentagon deals appeared first on Asia Times.

We are fortunate to live at an incredible moment in history. As more and more AI applications have become available, people have turned to them to seek advice, build businesses, express ideas, learn, and improve their health and quality of life. Nowhere is this more clear than in Asia. AI is already turbocharging small businesses […]

The post Choices that will define Asia’s AI future are coming into focus appeared first on Asia Times.

With a month still to go before America’s mid-term congressional and gubernatorial elections, the prospect of a “blue wave” of Democratic success in the House of Representatives, the Senate and in many governorships is looking increasingly likely. But whether that forecast holds true or not, one important aspect has already become clear. It is that […]

The post Plainly, Trump doesn’t really care about the midterms appeared first on Asia Times.

The Middle East has seen many explosions of violence in recent years. But while the US-Iran war has grabbed the headlines this year, the rapidly escalating conflict between the Houthis and Yemen’s internationally recognized government and Saudi Arabia risks becoming just as consequential for the region. The complexity of Yemen’s internal conflict cannot be underestimated. […]

The post How Yemen’s renewed civil war could set the whole region ablaze appeared first on Asia Times.

For decades, the Indonesia Stock Exchange has run like a members’ club, where the brokers who trade on the IDX also own it. But that cozy arrangement is about to end under an amended financial sector law that requires the exchange to demutualize. The Financial Services Authority, or OJK, has issued a new regulation on […]

The post Indonesia’s bourse rebuild is really a monetary policy story appeared first on Asia Times.

The inaugural flight-test release of a US air-launched hypersonic weapon over an Australian weapons range demonstrates both nations’ push for standoff hypersonic strike, yet the weapon’s true combat value hinges on whether allied airbases and kill chains can survive China’s long-range fires. This month, multiple media outlets reported that the US Air Force, in partnership […]

The post US-Australia hypersonic push no silver bullet against China appeared first on Asia Times.