The region near the Western Pacific, shaping East Asia, South Asia, Southeast Asia, and Oceania.
BP has announced it is marketing its North Sea business for sale as part of a portfolio simplification. The unit comprises five hubs and about 1,100 staff. The move follows political and policy debates on North Sea drilling and energy funding, with potential proceeds around £2 billion. BP is seeking an owner to back the next chapter of a Slimmed-down BP while focusing on higher-value opportunities.
A wave of Chinese automakers is expanding into Europe and the UK, challenging traditional premium brands. Zeekr, BYD and others are pursuing UK launches while major players like Geely, Volvo and Lucid push into premium segments. European and US automakers are restructuring to cope with China’s rising export power and shifting supply chains.
IHG reports half-year results showing a 10% rise in operating profits to $665 million and a global RevPAR growth of 4.1%, driven by the Americas, Asia-Pacific, and Europe. The Middle East conflict weighs on performance, with RevPAR in the region falling about 19% in Q2, while UK and other markets show resilience.
A mounting body of studies shows climate hazards are increasingly disrupting data centers worldwide, raising costs and threatening reliability. Insurers warn of higher premiums; operators push for water-efficient cooling and location strategies. With heat waves intensifying, a systemic rethink of cooling, water use, and siting is underway.
UNICEF warns that a vast majority of children worldwide are exposed to multiple climate risks—heat, droughts, floods and more—jeopardising health, education and survival; governments must accelerate renewable energy and resilience efforts.
Global markets hold steady as US Federal Reserve Chair Kevin Warsh signals a cautious pause, with oil prices stabilising after recent falls. UK inflation data supports expectations of a hold on rates, while energy assets rally on easing supply concerns.
UBS reports 2025 global wealth rose 10.8%, fueled by stock markets and tech gains. The number of millionaires surged worldwide, led by the United States; median wealth fell in many markets, widening the rich-poor gap. Australia saw a rise in millionaires, though median wealth declined. The report highlights how assets and housing influence millionaire status and global inequality.
Ocado has sealed a deal to build a large customer fulfilment centre for a fast-growing European national retailer. The automated site, due to go live in 2028, features Ocado’s robotics and new technology. The agreement follows a recent downturn in Ocado’s stock amid broader market weakness and signals rising demand for its automation solutions.
A UNODC report shows Asia-Pacific losses from scams reaching up to $114 billion in 2025. Authorities have raided scam centers in Myanmar, Laos, and Cambodia, while criminals shift operations to new hubs or shrink scale. The U.S. and partners are coordinating to hold operators and complicit officials accountable, with Cambodia planning an international conference on cyber scams in September.
The International Organization for Migration says scam centres employing up to 300,000 workers across Myanmar, Cambodia and Laos lure victims through fake job ads, seize documents, and force participation in online scams. Victims come from over 80 countries and include graduates with strong English. IOM has assisted thousands and is calling for cross‑border action and awareness.
North Korea has criticised Japan's military modernization, accusing Tokyo of moving toward preemptive capabilities with U.S. backing. The NK rhetoric follows Tokyo's deployment of long-range missiles and a White Paper warning of regional risks, while allied talks and drills intensify in the Indo-Pacific.
Dolphin has strengthened into a very strong typhoon and is moving west-northwest, threatening Okinawa and Amami before expected landfall on China’s eastern coast late Sunday to Monday. Japan has reported injuries and power outages, with flight cancellations and evacuations underway.
Meta founder advocates universal access to AI tools and personal agents, arguing this will democratize opportunity while raising questions about privacy, jobs, and power concentration.