ASIA

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Japan has announced a $10bn support package aimed at helping Asian economies secure vital energy supplies, as disruption linked to the Iran war continues to rattle global oil markets.

Prime Minister Sanae Takaichi revealed the initiative following a virtual summit with regional leaders, outlining a coordinated effort to stabilise fuel access and reinforce fragile supply chains across Southeast Asia.

Speaking after the meeting, Takaichi stressed that Japan's economic stability is closely tied to that of its neighbours. She noted that supply networks across Asia are deeply interconnected, particularly in sectors reliant on petroleum-based products such as medical manufacturing.

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Belarusian President Alexander Lukashenko and North Korean leader Kim Jong Un signed a friendship treaty in Pyongyang, pledging closer cooperation and resistance to Western pressure. Both leaders, who are prominent supporters of Russia's war in Ukraine, exchanged symbolic gifts during the visit. Lukashenko presented Kim with an automatic rifle, jokingly suggesting its use "just in case the enemies appear," while Kim gave the Belarusian leader a sword and a vase with a portrait of the Belarusian president.

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Speaking during a televised interview, Trump said the United States would impose tariffs of up to 50% on Chinese goods if evidence emerges that China is supplying weapons to Iran.

The remarks followed intelligence reports suggesting China could be preparing shipments of man-portable air-defense systems capable of targeting low-flying aircraft.

While officials have not confirmed the reports publicly, the possibility of such transfers has heightened scrutiny of China's role in the conflict.

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Sri Lanka has announced an unusual but significant step to deal with growing fuel concerns by declaring every Wednesday a holiday for public institutions. The move comes as the country faces potential shortages linked to global oil supply disruptions following the ongoing conflict involving the United States, Israel, and Iran. The situation has placed pressure on energy supplies across Asia, a region heavily dependent on imported oil.

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Chinese President Xi Jinping welcomed Cheng Li-wun, the leader of Taiwan’s main opposition party, the Kuomintang (KMT), in China on Friday. The rare meeting, which focused on cross-strait peace, marked the first visit by a sitting KMT leader in a decade. High-level communications between Beijing and Taiwan's ruling Democratic Progressive Party (DPP) have remained severed since 2016, following President Tsai Ing-wen’s refusal to endorse the "one China" principle.

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India’s Supreme Court has rejected a petition to mandate menstrual leave for students and working women. A two-judge bench, led by Chief Justice Surya Kant, argued that such a law would discourage employers from hiring women and hinder their professional growth. The court stated that mandatory leave could lead to the perception that women are "not at par" with their male colleagues.

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Air China resumed direct flights between Beijing and Pyongyang on Monday, further restoring travel links between the two capitals. The flight was welcomed by Chinese Ambassador Wang Yajun and other diplomats, according to state media. This development follows the March 12 resumption of passenger train services between China and North Korea.

Flights and passenger trains to North Korea had been suspended since the beginning of the Covid-19 pandemic in 2020.

North Korean carrier Air Koryo resumed flights between the capitals in 2023.

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North Korean leader Kim Jong Un and his teenage daughter inspected a light munitions factory on Wednesday, where they were photographed test-firing pistols. State media reported that Kim reviewed a newly produced pistol model as part of a broader initiative to modernize the country’s conventional military forces. This visit follows years of the regime focusing primarily on its nuclear weapons program.