India lowered import tariffs on gold and other metals from 15% to 6% in July.
Commodities

Gold buying soars on India tax reforms as prices near record high

Central banks in emerging markets also increase purchases on geopolitical concerns

29 August 2024
India's only functional nuclear reactor on the banks of the River Ganga, function safely according to the Nuclear Power Corporation of India Limited (NPCIL). 
Opinion

It's time for India to unleash private investment in nuclear energy

New Delhi must break bureaucratic silos to allow sector to flourish

29 August 2024
Japanese Foreign Minister Yoko Kamikawa, with microphone, speaks with Okinawan business officials in June. (Photo by Shimpei Kawakami)
Taiwan tensions

Taiwan tensions spur Okinawa businesses to make contingency plans

Execs send proposals to local government as security becomes higher priority

29 August 2024
China holds a wide lead in research on advanced aircraft engines, among other areas, according to the Australian Strategic Policy Institute's Critical Technology Tracker.
Technology

China now global leader in 90% of critical tech research: think tank

AUKUS encouraged to join forces with Japan and South Korea to close gap

29 August 2024
Japanese companies are slashing cross-shareholdings with key clients and group affiliates. (Photo by Konosuke Urata)
Companies

Japan Inc. sells record $25bn in cross-held shares, led by Toyota

Governance trend reduces buffer against takeover bids and activist investors

29 August 2024
Shin-Etsu subsidiary Shintech is boosting PVC production by 10% at this plant in the U.S. state of Louisiana. (Shin-Etsu Chemical)
Materials

Shin-Etsu beats Apple's operating margin with commodity-grade PVC

Japan chemical maker's drive to keep operation efficient honed over decades

29 August 2024
This government building in Chengdu has turned off escalators to conserve power. (Qingyang District Government)
Climate Change

Extreme heat in China triggers power warnings, factory stoppages

Shopping centers and supermarkets turn off air conditioning during peak hours

29 August 2024
SUVs account for 99% of Mahindra's passenger vehicle sales.
Interview

India's Mahindra plans $1.4bn EV buildup, CEO says, as it chases Tata

EVs to make up 20% to 30% of Mahindra's sales volume, Anish Shah says

28 August 2024
Japan's Daiso Industries opened its first store in India in 2022 in the northern city of Chandigarh. (Daiso Industries)
Consumer

Japan's Daiso aims for 200 stores in India and more local sourcing

Hundred-yen store operator expects to have 50 Indian outlets by early 2027

28 August 2024
Merger of Reliance Industries and Disney's Indian unit will create India's biggest entertainment player.
Business deals

Disney and Reliance win approval for $8.5bn India merger

Reliance-Disney merger will challenge giants like Sony, Netflix and Amazon

28 August 2024
IHG Hotels & Resorts operates 20 Crowne Plaza franchises in Japan together with ANA Holdings. (Photo by Hajime Tsukada)
Travel & Leisure

IHG adds three Crowne Plaza hotels in Japan in bid to reach smaller cities

U.K. hospitality chain partners with local hotel group to cash in on tourism boom

28 August 2024
NagaWorld in Phnom Penh. The NagaCorp casino group is saddled with a Vladivostok project that was put on ice due to the Ukraine war. (Photo by Masayori Ishikawa)
Media & Entertainment

Cambodia's NagaCorp 'open' to sale of stalled Russia casino

Chairman weighs all options as Vladivostok impairment charge tips group into red

28 August 2024
Japanese ruling Liberal Democratic Party lawmaker Toshihiro Nikai, left, shakes hands with Zhao Leji, chairman of the Standing Committee of the National People's Congress, in Beijing on Aug. 28.
International relations

Japanese politician gets 'positive' Chinese response on visa-waiver issue

Delegation led by ruling LDP heavyweight looks to smooth short-term travel

28 August 2024
The Adani Group is expanding investments in airports and energy businesses. (Nikkei montage/Photos from Reuters)
Adani Group

Indian billionaire Adani and family to further sell group shares

Adani Group's total market valuation recovers from Hindenburg row

28 August 2024
Sethaput Suthiwartnarueput's term as head of Thailand's central bank will end in September 2025 when he reaches the mandatory retirement age of 60.
Economy

Thai central bank chief fights to balance growth, consumer debt

Bank of Thailand governor's term set to end as 'Thaksinomics' returns

28 August 2024
Members of China's rhythmic gymnastics team wear Anta gear as they display their gold medals at the Paris Olympics.
Retail

Sports brands in China turn in uneven performance despite Olympic year

From Anta and Li Ning to Nike, gold medals not enough to ease consumption worries

28 August 2024
Prices for wagyu calves are falling in Japan as more dairy farmers get into the business. (Photo by Takahiro Kaneko)
Agriculture

Japan's struggling dairy farmers shift to wagyu, despite lean market

Influx of new breeders risks undercutting prices further as supply grows

28 August 2024
The No. 2 reactor at Japan Atomic Power's Tsuruga plant lies near an active fault that potentially stretches right beneath it. (Photo by Maho Obata)
Energy

Central Japan nuclear reactor fails to pass safety review

Tsuruga plant's No. 2 reactor may lie above active fault in Fukui, watchdog says

28 August 2024
South Korea's Samsung SDI and U.S. automaker GM will build an EV battery plant in the U.S. state of Indiana with an initial production capacity of of 27 gigawatt-hours.
Business deals

Samsung SDI, GM ink deal to build $3.5bn EV battery plant in U.S.

Factory to start mass production in 2027, will have capacity 'up to 36 GWh'

28 August 2024
Thailand's new prime minister, Paetongtarn Shinawatra, has yet to make notable mention of the planned land bridge project.
Transportation

Thailand's 'land bridge' ambitions face fresh roadblocks

Environmental and political concerns cloud plan to build new trade artery

28 August 2024
Republican vice presidential nominee Sen. JD Vance arrives at a campaign event in Big Rapids, Michigan, on Aug. 27.
U.S. elections 2024

JD Vance slams Democrats for allowing Chinese battery plant in Michigan

Gotion's $2.4bn investment targets IRA subsidies, vice presidential candidate says

28 August 2024
Cebu Pacific operator Cebu Air is buying up to 152 planes from Airbus, more than double the size of its current fleet. (Photo by Konosuke Urata)
Transportation

Philippines' Cebu Pacific bets on tourism boom with $24bn Airbus order

Overhaul of aging Manila airport seen helping draw passengers back to famed beaches

28 August 2024
Amorepacific fans lined up for a pop-up offering at a major cosmetics retailer in New York in March. (Sephora)
Consumer

South Korean cosmetics maker Amorepacific looks past China to U.S.

Company targets American youth with social media ads, high-performance products

28 August 2024
Children wait for a school bus in Seoul's Gangnam district. Parents with means are flocking to areas with strong educational opportunities, driving up property prices there. (Photo by Kotaro Hosokawa)
Education

South Korea birth rate squeezed by entrance exam pressures: central bank

Bank of Korea urges reform of college admissions to ease burden on families

28 August 2024
IKEA's Shibuya location has served as an incubator for new store ideas since opening in 2020. (Photo by Nanami Sato)
Retail

IKEA launches new urban store model in Tokyo's Shibuya

City center locations tie into online shopping to help make up for small size

28 August 2024