Asia Pacific

The gender pay gap in Australia has slightly narrowed, with women earning on average A$28,425 less than men annually, according to a government report. The total gender pay gap decreased to 21.8%, with more than half of employers addressing the pay disparity. Low-paid workers, especially in aged care, saw wage increases, but female CEOs still earn A$158,632 less than their male counterparts. Full Article

IMG has released its Digital Trends Report 2025, outlining the key technologies and innovations set to shape the sports media landscape in the upcoming year. The report highlights the shift towards dual-screen engagement, the rise of wearable technology, and the importance of personalized AI-driven experiences. Additionally, it ranks the top 12 third-party media platforms for the sports industry, emphasizing audience behaviors and commercial potential, with YouTube emerging as the leading digital partner. Full Article

In recent years, there has been a noticeable shift in the startup landscape towards embracing the "bootstrapper's mindset," focusing on profitability and efficient resource allocation over traditional external funding. This approach emphasizes sustainable growth, resource efficiency, and financial resilience, guiding startups towards long-lasting success and the ability to weather economic uncertainties. By prioritizing these principles, businesses can build a strong foundation for enduring success in the dynamic entrepreneurial world. Full Article

164 countries agreed to ban landmines in 1997, yet they continue to harm civilians outside of war zones. Russia and Myanmar are among those still using landmines, with Russia using them in Ukraine and Myanmar in their civil war against rebels. Despite the treaty, the use of landmines persists in various conflicts around the world, leading to continued casualties. Full Article

In Vienna, the UN nuclear watchdog reported that Iran has offered not to expand its stock of uranium enriched to up to 60 per cent purity, near weapons-grade levels, as long as Western powers drop their resolution against Iran at the IAEA meeting. The IAEA verified that Iran has started preparatory measures to cap its stockpile at around 185kg, enough for four nuclear weapons in principle, although Iran denies seeking such weapons. The stock of uranium enriched to up to 60 per cent had increased by 17.6 kg to 182.3 kg as of Oct 26, according to the IAEA report....

With COP29 ongoing, the climate action versus climate justice divide deepens, exemplified by Timor-Leste's struggle as an LDC and SIDS reliant on fossil fuels for economic stability. Facing declining revenue from the Bayu-Undan Field, the country looks to Greater Sunrise for a potential $50 billion windfall, critical for its development. However, political tensions, economic diversification challenges, and climate change concerns complicate Timor-Leste's path forward. Full Article

Singapore conglomerate Keppel has acquired control of the 13 legacy rigs held by Rigco Holding, resulting in Rigco becoming a wholly-owned subsidiary of Keppel and housed within a newly created private fund. Keppel plans to establish the Keppel Offshore Infrastructure Fund to manage the legacy rigs and attract third-party capital, aiming to accelerate rig monetisation and take advantage of the improving offshore rig market conditions. Keppel's strategic move is driven by the opportunity to unlock the potential of its advanced rig fleet in response to the global drilling fleet's rapid aging and projected shortage of premium rigs in the jackup...

Julie Wu, the senior vice president at DeVries Global Shanghai, has excelled in healthcare communications by securing high-profile clients like Braun Healthcare and Roche, while maintaining partnerships with major pharmaceutical companies. Her leadership led to the creation of Roche's award-winning ‘Flu Pendant’ campaign, showcasing her strategic and creative abilities. Wu's commitment to employee wellbeing is evident through initiatives like mental health workshops and career development programs for young talent in healthcare communications. Full Article

South Korea's main opposition leader Lee Jae-myung was indicted for allegedly misusing over 100 million won of public funds for personal expenses during his time as governor. He is already facing multiple trials, including bribery charges, which could impact his presidential aspirations. The charges also accuse Lee of allowing his wife to use a government vehicle for personal reasons and falsely documenting expenses for meals and groceries as official expenses. Full Article

The election of the US president has sparked geopolitical shifts in the Middle East, leading to Saudi Arabia and Iran engaging in rapprochement efforts partially influenced by Beijing. Saudi Arabia's Crown Prince Mohammed bin Salman criticized Israel's actions and expressed support for Iran, signaling a shift from previous alliances. Riyadh's move towards Iran aims to strengthen its position in negotiations with the Trump administration, as they anticipate pressure to revive the Abraham Accords. Full Article