2026-05-29
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Can Asia afford to spend more on defence as the economic fallout from the war in Iran continues to grow?
It's World Business Express from the BBC World Service, I'm B.C. Adebayo.
India braces for what could be its weakest monsoon in more than a decade,
and the AI startup that has just overtaken OpenAI to become the world's most valuable.
A major defence forum, the Shangri-La Dialogue, has got underway in Singapore.
Defence ministers and military chiefs from around the world are attending, with the war in Iran.
Questions over U.S. commitments in Asia and tensions around Taiwan expected to dominate discussions,
while the conflict in Iran has already hit many Asian economies hard through higher energy costs,