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23.09.2024 1:05
The West's commitment to Southeast Asia is mere lip service - Nikkei Asia Alexandre Dayant is a senior economist and deputy director of the Lowy Institute's Indo-Pacific Development Centre. Grace Stanhope is a research associate at the Lowy Institute's Indo-Pacific Development Centre, working on the Southeast Asia Aid Map.The West is paying attention to Southeast Asia. That was the takeaway from defense and military leaders at June's Shangri-La Dialogue in Singapore, where there was broad consensus on the strategic and geopolitical importance of the region's maritime theater and the broader Indo-Pacific.

23.09.2024 2:11
Modi calls India's diaspora its 'strongest ambassadors' in N.Y. speech - Nikkei Asia UNIONDALE, New York -- Indian Prime Minister Narendra Modi addressed a rapturous crowd of more than 13,000 on Sunday in the suburbs of New York City, praising the Indian diaspora before underscoring his country's growing role on the world stage."All of you are, and always have been, the strongest brand ambassadors of India," Modi said, delivering the speech in Hindi to a packed arena on New York's Long Island, almost exactly 10 years following an address he gave at Madison Square Garden soon after becoming prime minister in 2014.

23.09.2024 2:15
Asian central banks in no rush to follow the Fed in cutting rates - Nikkei Asia TOKYO -- Earlier this year, most Asian countries wanted lower interest rates to gin up consumer spending and economic growth. But it was tough for Asian central banks to cut rates themselves ahead of the U.S., where the federal funds rate was at a 23-year high.The U.S. Federal Reserve delivered a large rate cut of 50 basis points last week, bringing the federal funds rate to 4.75%-5% as it tries to steer the American economy to a soft landing.