Asia-Pacific
Channel NewsAsia

US and Japan agree to establish missile-production facility

Japan and the US have agreed to set up a Japanese facility to jointly produce advanced medium-range air-to-air missiles used in F-35 fighter jets. Japan’s Defence Minister Shinjiro Koizumi holds a press conference in Cebu on Oct 28, 2026. (Photo: AFP/Jam Sta Rosa) CEBU, Philippines: The United States and Japan have agreed to establish a Japanese facility for the joint production of advanced medium-range air-to-air missiles, the Japanese defence chief said late on Wednesday (Oct 28). Japanese Defence Minister Shinjiro Koizumi made the announcement in a news conference Wednesday night in the central province of Cebu, where he met US Defense Secretary Pete Hegseth on the sidelines of an annual meeting of Southeast Asian defence chiefs and their major Asian and Western counterparts. The annual meetings aim to avert a major regional conflict and strengthen defence cooperation. On the sidelines of the meetings, however, the US and China and their allies have often traded criticisms. The missiles that will be produced as part of a joint effort called “Operation Supercharge" are "essential for the F-35", Koizumi said, without elaborating or providing other details of the agreement. The US-made F-35 fighter jets are one of the world’s most advanced aircraft and are also used by the Japanese military. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less During his brief meeting with Hegseth in Cebu, Koizumi said he "shared a sense of crisis ... regarding the increasingly severe regional situation and we agreed to strengthen the deterrence and response capabilities of the Japan-US alliance with greater speed and intensity than ever before". “We reaffirmed the importance of a free and open international order based on the rule of law, which rejects any attempts to unilaterally alter the status quo through the use of force, coercion or other means,” Koizumi said. He cautiously added that their discussions were not directed at any specific country. Hegseth renewed the Trump administration’s repeated assurances of commitment to help deter aggression in the region in a separate meeting on Wednesday with ASEAN defence ministers, who were led by the host, Philippine Defence Secretary Gilberto Teodoro Jr. Like Koizumi, Hegseth did not mention China by name in expressing his security concerns in the region. “The approach we’re taking, we describe as strong, quiet and clear,” Hegseth told the ASEAN defence chiefs. “Strong enough to deter coercion and aggression, quiet enough to avoid needless escalation or public theatrics to let our actions speak for themselves.” His message is “clear enough that our friends, our partners and potential adversaries understand precisely where the United States stands and that we will defend our interests and the interests of our allies and partners,” Hegseth said. Hegseth has assured the Philippines, the oldest treaty ally of Washington in Asia, that the Trump administration will build a robust deterrence against China’s increasingly aggressive actions in the disputed South China Sea. Beijing claims the busy waterway, a key global trade route, virtually in its entirety.

US and Japan agree to establish missile-production facility
Europe
The Guardian

Volkswagen to build $4bn Audi SUV factory in US despite job cuts at home

Audi’s chief executive, Gernot Döllner, joined Trump on stage at a rally on Saturday to announce the factory in Macon, Georgia. Photograph: Friso Gentsch/EPAView image in fullscreenAudi’s chief executive, Gernot Döllner, joined Trump on stage at a rally on Saturday to announce the factory in Macon, Georgia. Photograph: Friso Gentsch/EPAVolkswagen (VW)Volkswagen to build $4bn Audi SUV factory in US despite job cuts at homeVW investment, creating 4,500 jobs in Georgia, comes amid Trump’s damaging tariffs, intense Chinese competition and costly shift towards EVs Audi has said it will spend $4bn (£3bn) to build its first factory in the US, as its parent company, Volkswagen, struggles with the impact of steep tariffs imposed by Donald Trump. The German brand’s chief executive, Gernot Döllner, joined Trump on stage at a campaign rally on Saturday night to announce the factory in Macon, Georgia, in an unusual move by a big European brand just days before the US midterm elections. The Republican party under Trump is trying to retain control of both houses of Congress, but it is polling poorly as it struggles with higher fuel prices caused by Trump’s war on Iran, as well as his trade war against some of the US’s biggest trading partners. Trump has long tried to convince voters that his tariffs are helping to increase the number of manufacturing jobs in the US, and has seized on any new factory investments. However, US vehicle and parts employment has fallen since Trump took office last year. Audi, Volkswagen’s most important premium brand, has suffered from Trump’s 15% tariffs on imports from the EU as well as the president’s efforts to cut sales of battery electric vehicles in favour of petrol cars. It said it aims to build 200,000 SUVs at the new US factory, creating 4,500 jobs. The factory will build the Q7, Q8 and Q9 SUVs, shifting some production from Bratislava in Slovakia. Volkswagen has said Trump’s tariffs cost it up to €5bn(£4.2bn)a year, before the impact of lower sales. The German manufacturer this month said it was still struggling with “continued high pressure from import tariffs”. The carmaker was also forced to shift some production of its cheapest cars, such as the Jetta saloon and Taos SUV, from Mexico to the US. The new factory may add to tensions in Germany, where Volkswagen has started to cut as many as 100,000 jobs and close factories. It has blamed the job losses on intense competition from Chinese carmakers, as well as the tariffs and a need to invest heavily in the shift to EVs for markets other than the US. Döllner said he accepted the invitation to speak at Trump’s rally out of respect for the US. “We are planning to bring our ⁠biggest and most premium SUVs, and produce them here in Macon, Georgia,” he said at the event. “This is a long-term investment because we believe in the American market.” Volkswagen’s chief executive, Oliver Blume, told investors in July that “US tariffs create a significant burden and restrict international trade”.

Volkswagen to build $4bn Audi SUV factory in US despite job cuts at home
Japan
Nikkei Asia

Indonesia fires and haze cause more than 5,200 deaths, study says

A street vendor walks amid thick haze from wildfires in Palangkaraya, Central Kalimantan, Indonesia, on Oct. 24. Levels of fine particulate matter in the air residents are breathing are more than 20 times the World Health Organization's threshold. © AP JAKARTA -- Prolonged exposure to toxic smoke from raging forest and peatland fires was responsible for at least 5,200 deaths in Indonesia in August and September, with people living in Borneo and Sumatra suffering the most, according to a study released on Thursday.

Indonesia fires and haze cause more than 5,200 deaths, study says
Asia-Pacific
Channel NewsAsia

Singapore Foreign Affairs Minister Vivian Balakrishnan to visit Pakistan on Oct 30

Singapore's Minister for Foreign Affairs Vivian Balakrishnan speaks to Reuters during an interview at the Ministry of Foreign Affairs in Singapore on Mar 23, 2026. (File photo: Reuters/Edgar Su) SINGAPORE: Minister for Foreign Affairs Vivian Balakrishnan will visit Pakistan on Friday (Oct 30), as the two countries mark 60 years of diplomatic relations. During his visit to Islamabad, Dr Balakrishnan will meet Pakistan's Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, who will also host him to lunch, the Ministry of Foreign Affairs (MFA) said on Thursday. “Minister Balakrishnan’s visit to Pakistan reaffirms the longstanding friendship between Singapore and Pakistan, which is underpinned by mutual respect and warm people-to-people ties,” said MFA in a press statement. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less "The visit will provide an opportunity to deepen relations and explore new areas of cooperation, including disaster management, innovation and research, and education." Dr Balakrishnan will also call on Pakistani Prime Minister Muhammad Shehbaz Sharif and Field Marshal Syed Asim Munir, the country's chief of defence forces and army staff. His itinerary includes a visit to the National Center of Artificial Intelligence at Pakistan’s National University of Sciences and Technology to understand its advancements in AI, MFA said.

Singapore Foreign Affairs Minister Vivian Balakrishnan to visit Pakistan on Oct 30
Asia-Pacific
Channel NewsAsia

China adopts measures to tighten discipline in Communist Party

The fifth plenum of the Central Committee, led by President Xi Jinping, adopted a decision on "advancing full and rigorous governance of the party", which includes reducing corruption among cadres, state news agency Xinhua said. File phot of Chinese President Xi Jinping speaks at the Great Hall of the People in Beijing, Jan 29, 2026. (AP Photo/Vincent Thian, Pool, File) 29 Oct 2026 07:09PM (Updated: 29 Oct 2026 07:17PM) Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST BEIJING: Top officials from China's ruling Communist Party adopted measures to tighten discipline within their ranks at a key meeting in Beijing that concluded on Thursday (Oct 29), state media said. The fifth plenum of the Central Committee, led by President Xi Jinping, adopted a decision on "advancing full and rigorous governance of the party", which includes reducing corruption among cadres, state news agency Xinhua said. Roughly 300 officials make up the Central Committee, whose full meetings, known as plenums, have previously represented key moments for Xi to cement his authority. However, despite speculation, Xi was not described in the readout as the "People's Leader", a designation that would have signalled a further elevation of his political stature. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Related: China's Communist Party elite hold key talks on governance CNA Explains: Why China’s fifth plenum will focus on party discipline The Chinese leader has waged a 14-year campaign against corruption that has ousted thousands of officials, including dozens of Central Committee members. As a result of his expansive purges, this year's plenum had the lowest turnout since former leader Mao Zedong's death in 1976, with eight Central Committee seats vacant prior to the meeting. Some positions, however, were filled during the proceedings, which began on Monday. Anti-corruption chief Zhang Shengmin, who serves as vice chairman of the Central Military Commission (CMC), was promoted to the Politburo, the country's top decision-making body. In August, China ousted Zhang Youxia, then the highest-ranking general, from his position following a months-long graft investigation. His removal left the CMC, which is supposed to have seven representatives, with only two: Xi and Zhang. The plenum came ahead of a major party congress next year, where 73-year-old Xi is almost certain to secure a historic fourth term and oversee a leadership reshuffle.

China adopts measures to tighten discipline in Communist Party
North America
CNBC Finance

Moderna shares plunge after cancer vaccine data leaks — despite positive results

Moderna shares dropped as much as 25% on Thursday following the leak of partial data on its closely watched cancer vaccine developed with Merck. Shares of both drugmakers fell even though the data, released in full later Thursday following the leak, appeared meaningful for patients and positive relative to Wall Street expectations. The personalized vaccine, known as intismeran autogene, paired with Merck's immunotherapy Keytruda reduced the risk of recurrence or death in certain melanoma patients by 42% compared with Keytruda alone. The data also showed that the shot along with Keytruda reduced the risk of cancer spreading to distant parts of the body or death by 38%, compared with just the immunotherapy. The companies said about 82% of patients who received the personalized cancer vaccine alongside Keytruda were alive without their melanoma returning at two years after receiving the shot, compared with 70% of those who received Keytruda alone. "This is a huge development for our patients," said Dr. Hussein Tawbi, a melanoma expert and trial investigator at the University of Texas MD ​Anderson Cancer Center, about the results. He said that the added benefit of the vaccine also comes with much milder toxicity, or side effects like injection-site pain, compared to other cancer treatments. The detailed phase 3 trial results were set to be presented at the European Society for Medical Oncology conference this weekend. "Whenever you put a therapy on top of something that works really well, like Keytruda, sometimes it's harder to show additional benefit. We have no problems of showing additional benefit here," Dr. Dean Li, Merck Research Laboratories president, said in an interview ahead of the results. The benefit appeared even larger after the six-month vaccine regimen, with a separate analysis showing a 58% reduction in risk of recurrence or death. The companies say it is still too early to determine whether the treatment helps patients live longer overall. Several analysts acknowledged investors' elevated expectations ahead of the release, but noted that the data is overall positive. "We assert this relative reduction in recurrence/death is clinically meaningful," BMO Capital Markets analyst Evan Seigerman said in a research note on Thursday following the leak. "Such a [stock] reaction likely reflects inflated expectations into the full data release, rather than a true indictment on the efficacy of the combo therapy."

Moderna shares plunge after cancer vaccine data leaks — despite positive results
North America
CNBC Finance

Elon Musk invests about $1 billion in Skydance

Elon Musk has made an investment in Skydance of roughly $1 billion, according to a person familiar with the matter who asked not to be named because they were not authorized to speak publicly. The financial injection comes as the company looks to cut costs. Paramount closed its acquisition of Warner Bros. Discovery on Oct. 6, naming the combined entity Skydance. Co-CEOs David Ellison and Ynon Kreiz are tasked with merging two major film studios in Paramount and Warner Bros., two popular streaming platforms — Paramount+ and HBO Max — and a host of corporate functions to support a portfolio of TV networks and two news divisions. Skydance has said it expects to see $6 billion in cost savings over three years, though it faces a debt burden of nearly $80 billion. Musk's commitment is part of a wider effort by Skydance to raise equity investments, according to Semafor, which first reported the news Thursday. Representatives for Musk and Skydance did not immediately respond to CNBC's requests for comment. Ellison's father, Larry Ellison, has a history with Musk. The Oracle co-founder invested $1 billion in Musk's 2022 deal to purchase Twitter, now called X. Larry Ellison also invested in Tesla in 2018 and served on the company's board of directors. The elder Ellison also personally guaranteed more than $40 billion of equity financing in Paramount's offer to take over WBD. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Elon Musk invests about $1 billion in Skydance
Asia-Pacific
The Straits Times

These mid-career workers are back in class to learn AI. Is it paying off?

Many attendees at Vertical Institute’s AI workshops are mid-career professionals.. SINGAPORE – Tasks that once took an entire working day can now be completed in minutes, as more workers harness artificial intelligence to work faster. This drive to boost productivity is fuelling demand for AI training. Private academies The Straits Times spoke to reported a sharp rise in enrolments for AI-related courses, with particularly strong interests from mid-career professionals. Vertical Institute said enrolments in its AI courses more than doubled over the past year, while Tribe Academy reported that its three-month flagship programmes have been consistently oversubscribed across 10 intakes since January 2025. The growing demand comes as Singapore steps up efforts to equip its workforce with AI skills, with more than 200 courses rolled out on Sept 16, covering applications ranging from workplace productivity to advanced AI capabilities. For some workers, the benefits are already evident. Three professionals told The Straits Times how they are putting their newly acquired AI skills to use in their day-to-day work. Kok Yokelee says the impact of AI is no longer a distant threat for those in the translation and transcription business. For those in the business of media localisation, the impact of artificial intelligence is no longer a distant threat. Kok Yokelee, general manager at media solution company Sky Vision Media, said AI has already changed what clients are willing to pay for transcription and translation services. For example, her more budget-conscious clients have turned to AI-powered apps, which can process subtitles for an hour of TV show content for less than US$20 (S$25) – way cheaper than the costs of hiring human translators. Sensing the real danger of losing some clients, Kok, who oversees business development for her company, began looking at how she could use AI to deliver faster and cheaper solutions. After completing an introductory AI course at Vertical Institute, Kok, who is in her 40s, began using tools like Claude and Whisper, an open-source speech-to-text system, to automate parts of the subtitling workflow.

These mid-career workers are back in class to learn AI. Is it paying off?
Asia-Pacific
Channel NewsAsia

Australian defence chief says China military buildup creating 'pressure' in Southeast Asia

"Now is a time to double down on friends and to double down on neighbours and to be working more closely together to provide for our collective security," said Australian Defence Minister Richard Marles. CEBU: Australian Defence Minister Richard Marles said on Thursday (Oct 29) that China's military build-up was creating a "condition of pressure" in Southeast Asia, and urged allies and partners to deepen cooperation. Beijing deploys hundreds of coast guard, navy and other vessels to patrol disputed areas of the South China Sea, which it claims almost entirely despite an international ruling that its position has no legal basis. In July, Australia protested China's test of a nuclear-capable missile in the South Pacific, calling the launch "destabilising". "We're obviously seeing the biggest conventional military build-up that the world has seen since the end of the Second World War from China," Marles told reporters Thursday on the sidelines of a meeting of Southeast Asian defence ministers in the Philippines. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less "There's not an explanation from China as to why it's doing this, and all of that is creating the condition of pressure." Beijing's growing assertiveness was "providing challenges" for Canberra, he added, saying Australia relied on maintaining the existing rules-based order. "We need to be ensuring that how we understand the rules of the road continue to apply, because for a middle power like Australia, it is actually the rules which give us agency," he said. China's growing assertiveness and militarisation of artificial islands in the South China Sea have spurred Canberra, as well as Washington, to deepen defence cooperation with some Southeast Asian countries. Marles said on Thursday that he met with the "Squad", an informal defence and security group composed of Australia, Japan, the United States and the Philippines, where they committed to greater defence policy coordination. "I think the challenges that are being faced in this part of the world and the pressures that are being experienced are well understood by all four countries," he said. "Now is a time to double down on friends and to double down on neighbours and to be working more closely together to provide for our collective security," he added.

Australian defence chief says China military buildup creating 'pressure' in Southeast Asia