Asia News

Strong air travel recovery in US, Europe, Latin America but Asia lags

International air transport has seen a strong recovery this year, with the exception of the Asia-Pacific region, which is “significantly behind”, according to the International Air Transport Association (IATA). “Last year, international travel was about 25% of what it was in 2019. In the first quarter of this year around the world, it was up …

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Asia stocks mixed; Japan’s first quarter GDP data released

SINGAPORE — Stocks in Asia Pacific were mixed on Wednesday morning following comments from U.S. Federal Reserve Chairman Jerome Powell, who said he was committed to raising rates until inflation subsides. The Nikkei 225 in Japan rose 0.7% while the Topix index traded up 0.67%. Japan’s economy shrank 1% on an annualized basis in January-March …

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