Pacific

• Banner Bank, a 136-year-old institution, agreed to acquire Bank of the Pacific in a $177 million all-stock deal to expand its regional footprint. • U.S. mergers and acquisitions over $100 million rose 25% in March 2026 compared to the prior year, per EY Parthenon research. • Global M&A volume hit $861.1 billion in Q1 2026, up 9.7% from Q1 2025 according to S&P Global, driven by bank investments in AI and shifting consumer habits.

• Pinecone launched a new cloud region in Singapore to serve the Asia-Pacific market, expanding its AI knowledge infrastructure capabilities across the region. • The Singapore region deployment positions Pinecone as a key provider for enterprise AI applications requiring low-latency data access and localized infrastructure in Southeast Asia. • This expansion reflects growing demand from regional organizations for specialized AI infrastructure and vector database services supporting advanced analytics and machine learning workloads.

• Asia-Pacific merger and acquisition deal values have collapsed to $127 billion, marking a significant decline triggered by major tariff announcements across the region. • The tariff shock has disrupted corporate transaction activity, with financial advisers reporting substantial pullback in deal pipelines as companies reassess expansion strategies amid trade uncertainty. • Investment banks including JPMorgan and Houlihan Lokey are recalibrating their M&A advisory strategies, with deal values falling sharply compared to earlier 2026 forecasts.

Without offering details or evidence, US Southern Command described the people killed as ‘narco-terrorists’The US military said on Tuesday it struck a vessel in the eastern Pacific, killing three people, in the latest such attack that rights groups label as “extrajudicial killings” and Washington describes as targeting “narco-terrorists”.US Southern Command posted about the strike on social media Tuesday evening, alleging that the vessel struck on Tuesday was operated by “Designated Terrorist Organizations” that it did not identify. Continue reading...

• Japan's Prime Minister Sanae Takaichi announced an updated Free and Open Indo-Pacific (FOIP) strategy during her visit to Vietnam last weekend, emphasizing Tokyo's increased reliance on Southeast Asia amid U.S.-China rivalry. • The decade-old FOIP policy now prioritizes energy security, critical minerals, and deeper ties with ASEAN nations to bolster economic and security roles in the region. • This pivot underscores Japan's strategic shift toward Southeast Asia as a counterbalance to great-power competition, enhancing regional stability and supply chain resilience.

• Asia-Pacific's cross-border payments market, valued at $13.5 trillion in 2025, is forecast to surge to $24 trillion by 2033, fueled by QR payments and digital adoption.• Thailand ranks second in regional economic optimism, supporting robust growth in transaction volumes across Southeast Asia.• Expansion driven by e-commerce boom and fintech innovations enhances trade efficiency in Singapore, Malaysia, Indonesia, and Vietnam.• Regulators eye next steps in harmonizing standards to sustain projected CAGR amid rising geopolitical tensions.

Small boat destroyed in video posted on social media as US campaign has killed at least 178 people since SeptemberThe US military announced on Friday that it killed two people in an attack on a boat in the eastern Pacific, part of a series of deadly strikes on vessels in recent months which it claims are targeting “narco-trafficking” operations.The US Southern Command declared in a social media post on X that Gen Francis L Donovan directed Joint Task Force Southern Spear, the counter-narcotics unit that operates in the region, to carry out a lethal strike. The US military posted a video, which it labeled unclassified, showing a small boat being destroyed in an explosion. Continue reading...

• The US and Japan signed an upgraded defense agreement Friday expanding joint military operations, technology sharing, and coordinated response protocols to counter Chinese military activities in the Indo-Pacific region. • The agreement authorizes increased US military presence in Japan, including enhanced surveillance capabilities and expedited weapons deployments, representing the most significant defense treaty expansion since 2015. • Chinese Foreign Ministry condemned the alliance upgrade as destabilizing and counterproductive to regional peace, while Taiwan and South Korea welcomed the commitment to deterring further territorial aggression.

Wednesday’s strike brings the total of those killed in US military strikes on alleged drug boats to at least 177Three people were killed in a US strike on another alleged drug-trafficking boat, the fifth such deadly attack in as many days, military officials have announced.US southern command said it conducted “a lethal kinetic strike on a vessel operated by Designated Terrorist Organizations” in the eastern Pacific, without naming the alleged group, in an X post. Continue reading...

Conference president expresses ‘complete faith’ in Chris Bowen to lead tough negotiationsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastTuvalu, the Pacific nation at the forefront of the global climate crisis, will host a special meeting of world leaders before this year’s Cop31 summit, as the conference president expresses “complete faith” in Chris Bowen to lead tough negotiations.Turkey’s climate minister, Murat Kurum, is president-designate for the November summit, set to see world leaders meet in Antalya to thrash out new targets for cutting carbon emissions. Continue reading...

Strike marks third deadly attack on vessels in region in four days, and the killing of 174 people since SeptemberSign up for the Breaking News US email to get newsletter alerts in your inboxThe US military said it killed four more people in a boat strike in the eastern Pacific ocean on Tuesday, marking the third deadly attack on vessels in the region in four days.The US Southern Command, which oversees military operations in Latin America and the Caribbean, announced the killings in a social media post, claiming, without providing evidence, that the men killed were “narco-terrorists”. Continue reading...

Dispatch of vessel strike, like most of military’s statements on strikes conducted in area, did not provide evidenceThe US military said it killed two people in a strike on a vessel in the eastern Pacific Ocean on Monday, claiming the targets were involved in “narco-trafficking operations”.The announcement, like most of the military’s statements on the dozens of strikes it has conducted in the eastern Pacific and Caribbean Sea, did not provide evidence to support its claims that the targets were engaged in narco-trafficking. Continue reading...

Attacks on Saturday bring number of people killed in boat strikes by US military to at least 168The US military said that it blew up two boats accused of smuggling drugs in the eastern Pacific Ocean, killing a total of five people and leaving one survivor, as the Trump administration pursues its campaign against alleged traffickers in Latin America while preparing a naval blockade of Iranian ports.The attacks on Saturday bring the number of people who have been killed in boat strikes by the US military to at least 168 since the Trump administration began targeting those it calls “narcoterrorists” in early September. Continue reading...

The four astronauts are set to touch down on Earth and conclude the 10-day mission after completing moon flybyThe number of human beings who have travelled to the moon and returned safely to Earth will grow to 28 on Friday night when Nasa’s Orion capsule containing four Artemis II astronauts will glide gently to a Pacific Ocean splashdown beneath three giant parachutes.The scheduled 5.07pm PT landing (1.07am BST Saturday) off the coast of San Diego will mark the end of a 10-day lunar odyssey that made the three Americans and one Canadian the first people to travel beyond lower Earth orbit since the final mission of the Apollo program in December 1972. Continue reading...

After meeting with Marco Rubio, foreign minister Winston Peters says he made sure US understands ‘significant economic impacts on New Zealand and Pacific’Middle East crisis – live updatesNew Zealand has called on the US to send fuel tankers to the Pacific to help alleviate some of the significant economic and fuel pressure caused by the war in the Middle East.Winston Peters, New Zealand’s foreign minister, met the US secretary of state, Marco Rubio, in Washington on Tuesday, where they discussed bilateral relations, the war in Iran and the Pacific. Continue reading...

• Treasury Department imposed sanctions on April 1 against firms linked to hacks on Australian and Japanese defense networks, stealing terabytes of data. • Targets include Huawei subsidiary and two state-backed hackers, freezing $1.2 billion in US assets. • Action escalates tech war, with FBI reporting 40% rise in state-sponsored attacks on US firms.

Samoa and Tonga raise supply concerns with foreign partners as businesses and residents in Papua New Guinea grapple with higher fuel prices amid the Iran warThe leaders of some Pacific countries have appealed for help with oil supplies while others urge against “panic buying” as the import-reliant nations grapple with fears over possible fuel shortages and escalating costs caused by war in the Middle East.Oil prices have surged to nearly $110 a barrel after strikes against energy infrastructure in Iran and the Gulf states. Continue reading...