According to the World Tourism Organization (UNWTO)’s latest barometer, international tourist arrivals grew 6% in the first six months of 2018 after a record year of growth in 2017. All world regions enjoyed robust growth in tourist arrivals in January-June 2018. The increase was fueled by strong demand from major source markets, supported by an upswing in the global economy. It comes after record year-round growth of 7% in 2017.
The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare.
China's central bank announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.
Vice-president Mike Pence on Thursday accused China of military aggression, commercial theft and rising human rights violations as he cast the Asian power as a villain bent on interfering in upcoming US elections.
Kim Jong Un declared North Korea's unstinting “friendship, unity and cooperation” with Beijing during his third visit to China this year, in a show of loyalty to his main ally following a landmark summit with US President Donald Trump.
While the world watches the summit between president Donald Trump and Kim Jong Un unfold, another significant event will take place elsewhere in Asia. On June 12 in Taipei, Taiwan and the US will jointly mark the establishment of a new facility for the American Institute in Taiwan (AIT), the US’s de facto embassy in the country. Politicians from both nations are attending a ceremony to commemorate the US$ 250 million complex, which will open formally later this year.
A pilot whale has died off southern Thailand after swallowing 80 plastic bags, Thai marine officials say. The whale vomited five bags during a vain attempt by conservation officials to save it in a canal in Songkhla province.
More than 120 pregnant whales were slaughtered in the latest Japanese whale hunt in Antarctica's Southern Ocean, new documents show, reigniting calls to step up efforts to stop the annual killing spree. A further 114 immature whales were killed as part of the so-called “scientific” whaling program, according to meeting papers from the International Whaling Commission's scientific committee meeting this month.
Foreign banks and funds are set to benefit from a move by U.S. regulators to simplify a trading rule that foreign banks and regulators say has inadvertently complicated firms operating as far afield as Europe and Asia. The Federal Reserve, alongside other U.S. regulators, on Wednesday proposed rewriting the “Volcker Rule” introduced following the 2007-2009 financial crisis in a bid to simplify the regulation and make it easier for banks to comply.
Argentina is set to expand fresh beef exports to Asia, with Japan and China having already approved import deals, the country's agriculture minister said. Luis Miguel Etchevehere in Tokyo said that Argentina has signed a deal with the Japanese government under which Tokyo will authorize imports of fresh beef from Argentina by late July. His country has also inked a beef export agreement with Beijing.