From my experience working with global teams, as soon as you have Asia & EMEA, you need to go to two meetings if you actually want to retain said staff.
This is annoying, but it's much better than people taking meetings at midnight, which is what happens otherwise.
2 meetings work fine for large company / departmental scope presentations, because only %1-5 of the people in the meeting have to do the midnight thing, but break at the 5-10 person level unfortunately. Someone is forced into a midnight meeting somewhere as part of syncing up planning between teams at the very least.
It just requires the manager/lead to run two meetings.
I did this with small teams for many years, and it's annoying but it can be done.
I generally aimed to have everyone together 1/quarter in person to do the higher level planning stuff, which would be much more difficult in the times of Covid.
This is annoying, but it's much better than people taking meetings at midnight, which is what happens otherwise.