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Asia News

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Traffic rebounds in Strait of Hormuz but anxiety threatens recovery

TazaPulseJune 26, 2026

Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 2026 in Muscat, Oman. Elke Scholiers | Getty Images News | Getty Images Shipping traffic is recovering a week after the U.S. and Iran...

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Red Lobster’s endless-shrimp promotion was a ‘car crash,’ lawsuit says

TazaPulseJune 26, 2026

The exterior of a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Red Lobster has filed for Chapter 11 bankruptcy protection after a failed lease-back agreement and “endless shrimp” promotion backfired against company revenue. Brandon Bell | Getty Images Restaurant chain Red Lobster’s “Everyday $20 Ultimate Endless Shrimp” offering was described as a...

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NBA targets Asian resurgence with technology and talent push

TazaPulseJune 26, 2026

Southeast Asia has emerged as one of the NBA’s fastest-growing markets for fan engagement, making the region a focal point for both player development and business expansion. A little over a week after the New York Knicks paraded through lower Manhattan celebrating their historic 2026 Championship win over the San Antonio Spurs, the NBA has set its sights on an ambitious...

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U.S.-Iran deal grants access to Tehran’s nuclear sites: UN watchdog

TazaPulseJune 26, 2026

Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), speaks during a press conference at the Japan National Press Club in Tokyo on June 26, 2026. Yuichi Yamazaki | Afp | Getty Images The U.S. and Iran’s interim peace agreement gives inspectors from the U.N. nuclear watchdog access to the Islamic Republic’s...

Airwallex raises $320 million to power finance run by AI agents

TazaPulseJune 26, 2026

The Airwallex logo appears on a laptop computer screen in this photo illustration in Athens, Greece, on December 8, 2025. Nikolas Kokovlis | Nurphoto | Getty Images Airwallex has raised $320 million in a Series H funding round, valuing the global payments company at $11 billion, a 38% leap from just six months ago, as...

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IMO pauses Hormuz ship evacuation plan after vessel attack

TazaPulseJune 26, 2026

Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 11, 2026. Amirhosein Khorgooi/isna | Via Reuters The International Maritime Organization has paused its efforts aimed at evacuating ships and seafarers stranded inside the Middle East Gulf after a vessel was attacked in the Gulf of Oman. The pause follows a...

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What Pakistan gains from being a peacemaker

TazaPulseJune 25, 2026

Pakistan’s Prime Minister Shehbaz Sharif (R) greets US Vice President JD Vance prior to a quadrilateral meeting between the United States, Iran, Pakistan and Qatar at the Burgenstock luxury hotel complex overlooking Lake Lucerne, Switzerland, on June 21, 2026, as part of high-level talks aimed at advancing a deal to end the Middle East conflict....

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Air con, building efficiency stocks rally as heat wave grips Europe

TazaPulseJune 25, 2026

A worker attends to an air conditioning unit for a restaurant during high temperatures in Toulouse, France, on Wednesday, June 24, 2026. France is at the epicenter of this month’s heat wave, as a high-pressure heat dome is reinforced by atmospheric shifts linked to a developing El Niño. Bloomberg | Bloomberg | Getty Images Air...

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Amazon adds new funding, lifting India AI and cloud investment to $48 billion

TazaPulseJune 25, 2026

Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland on Jan. 20, 2026. CNBC Amazon plans to invest an additional $13 billion to expand artificial intelligence and cloud infrastructure in India, taking its total investment in the country to $48 billion between 2026 and 2030. These funds will...

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Second worker dies at Hungary BYD factory scrutinized for labor issues

TazaPulseJune 25, 2026

Szeged Mayor Laszlo Botka C visits BYD’s new energy passenger vehicle factory in Szeged, Hungary, April 21, 2026. (Photo by Attila Volgyi/Xinhua via Getty Images) Xinhua News Agency | Xinhua News Agency | Getty Images A second worker has died at the construction site of BYD’s electric vehicle factory in Szeged, Hungary, CNBC has learned....