Global rice markets could come under further strain as the world’s leading rice producer China grapples with heavy rain and flood risks.

Power outages in May and June have cost Vietnam about $1.4 billion, accounting for 0.3% of its GDP, the World Bank estimates.

Apple Pay has arrived in Vietnam, enabling users to make contactless money transactions through an iPhone or Apple Watch.

Global capital flows are pivoting away from China in favor of other emerging Asian markets such as India and Vietnam, as investors seek alternatives with fewer economic and geopolitical risks.

The World Bank approved a $129.6 million project on Monday to strengthen flood resilience and improve sanitation, transport, and infrastructure in Nghe An Province.

Many Indian restaurants are cutting back on tomatoes in their popular dishes and consumer companies are ramping up production of cheaper purees that are flying off the shelves, after prices surged more than 500%.

India has rejected Chinese automaker BYD Co's (002594.SZ) proposal to set up a $1 billion factory in India in partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd, the Economic Times reported on Saturday.

India on Thursday ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world's largest exporter of the grain, triggering fears of further inflation on global food markets.