Big Japanese department stores have benefited from tourists' luxury shopping. (Photo by Haruka Kadooka)
Consumer

Chinese tourists buying Gucci make Japan exception to global luxury slump

International shoppers reap fruits of weak yen at Tokyo department stores

22 August 2024
The global chip market grew 18.3% in the second quarter. (Photo by Masayuki Kozono)
Semiconductors

AI-fueled demand buoys semiconductor market while legacy chips lag

Materials suppliers and producers in mature sectors left behind in current upcycle

22 August 2024
A boy swims in a pool at a Vinhomes condominium complex in Ho Chi Minh City: Demand for housing in Vietnam's big cities outstrips supply, buoying prices.
Property

Vietnam's housing market sees green shoots of recovery

Fears of crash subside but apartment shortage persists

22 August 2024
Seven & i Holdings, which operates the 7-Eleven convenience store chain, is one of Japan's leading retailers.
Business deals

Seven & i's proposed buyout to require preapproval by Japan

Foreign investment rules could hinder Couche-Tard's bid for 7-Eleven parent

22 August 2024
Tamra wind farm, the first offshore wind development in South Korea, located off Jeju Island, consists of 10 wind turbines and has already generated substantial economic benefits by creating jobs during the construction and operational phases.
Opinion

Asia needs low-cost financing to harness offshore wind

Strategic investment, partnerships are key to region's renewable energy ambitions

22 August 2024
Ticket machines at Ben Thanh Station on Ho Chi Minh City Metro Line No. 1 are waiting to be used. (Photo by Yuji Nitta)
Transportation

Vietnam's first subway mired in more delays amid planned 2024 start

Hitachi files for arbitration over Ho Chi Minh City payments in Japan-led project

22 August 2024
Malaysian automaker Proton launched the redesigned X70 SUV on Aug. 15. (Proton)
Automobiles

Malaysia's Proton deepens ties with China's Geely ahead of EV debut

Long-struggling automaker aims for growth under Chinese shareholder

22 August 2024
China Railway has introduced a new fare system and premium seats to try and improve profitability. (Photo by Kohei Fujimura)
Transportation

China high-speed rail operator forced to hike fares as debt balloons

Rapid expansion leaves China Railway with $859bn in debt along with unused stations

22 August 2024
E-cigarettes or vapes are becoming an increasingly popular option for smokers around the world.
Business deals

Japan Tobacco sets sights on e-cigarette push with U.S. Vector deal

$2.4bn acquisition to accelerate investment into growing market

22 August 2024
The Fuqing Nuclear Power Plant in China's Fujian province. China has built 39 reactors over the past decade. (Fuqing Nuclear Power Plant)
Energy

China and Russia drive global nuclear power capacity to record high

With as many reactors as France, China is building more while pursuing new tech

22 August 2024
Under President Xi Jinping, China has intensified efforts to protect national security and prevent espionage.
Companies

China's indictment of Astellas worker alarms Japanese businesses

Opaque espionage crackdown spurs concern over employee safety

22 August 2024
Panasonic has announced plans to invest 45 billion yen in its Czech factory to increase heat pump production capacity. (Photo obtained by Nikkei)
Electronics

Daikin, Panasonic invest in cooling European heat pump market

Despite setbacks, demand for energy-saving tech still seen rising in long run

21 August 2024
Neither Astellas nor Japan's Foreign Ministry disclosed what charges the employee has been indicted on.
Companies

Japan drugmaker Astellas says employee indicted by China prosecutors

Man has been detained since March 2023 on suspicion of espionage

21 August 2024
The Hong Kong Exchange logged a 3% decline in first-half profit although the second quarter showed more promise. (Photo by Ken Kobayashi)
Markets

Hong Kong Exchange's first-half profit sinks amid weak market sentiment

New CEO Bonnie Chan describes results as 'robust' but concedes outlook uncertain

21 August 2024
Japan Tobacco is expanding its global presence with the acquisition of America's Vector Group.
Companies

Japan Tobacco to buy U.S. tobacco maker Vector Group for $2.4bn

JT-backed company to launch a tender offer at $15 per share

21 August 2024
As of end March, U.S. retailer Walmart held a 9.4% stake in JD.com, making it the No. 2 shareholder after the Chinese company's founder. It has now sold it all. (Source photos by AP)
Business deals

JD.com stock drops as Walmart unloads stake for estimated $3.6bn

U.S. retailer says it wants to focus on its own China operations

21 August 2024
Officials from the Asia Zero Emission Community. The ministers mapped out how member countries will collaborate on decarbonization efforts, in Jakarta on Aug. 21. (Photo by Nana Shibata)
Climate Change

Japan, Indonesia, others agree to build sustainable fuel supply chain

Coconut oil-based aviation fuel among 400 projects pitched in Jakarta meeting

21 August 2024
According to a Reuters poll, 24 out of 27 economists expected the central bank to stand pat, while the rest saw a 25 basis point rate cut.
Economy

Thai central bank stands pat to assess impact of political instability

Bank of Thailand balances growth and risk by keeping policy rate at 2.5%

21 August 2024
The Chinese e-commerce giants Temu and Shein both face myriad regulatory hurdles amid their pushes into more overseas markets. (Source photos by Reuters and AP) 
Retail

Shein sues Temu (again) as e-commerce feud heats up

China-founded cross-border platforms have taken each other to court multiple times

21 August 2024
India is the world's fastest-growing online games market with nearly 570 million enthusiasts. The sector is projected to be worth $6 billion annually by 2028.
Technology

Murders by Indian online game addicts overshadow booming sector

Debt-fuelled desperation sparks concern over world's rapidly growing market

21 August 2024
A Batik Air Airbus A320 prepares for takeoff from Jakarta’s Halim Perdanakusuma International Airport: The Lion Air Group unit is seeking to position its flights from the airfield as a premium service. (Photo by Dimas Ardian)
The Big Story

Southeast Asia's old air hubs are revving back to life

Region's airlines seek business travelers willing to pay more for convenience

21 August 2024
Profit margins at Chinese commercial banks have hovered around a record low for months.
Economy

China lending at 15-year low as central bank holds rates

Real estate slump continues to squeeze financing demand

21 August 2024
Construction of hydrogen production facilities is underway in Utah. (Mitsubishi Heavy Industries)
Energy

Mitsubishi Heavy, Chevron eye U.S. green hydrogen launch in 2025

Utah project to produce, store and generate power from fuel made with renewables

21 August 2024
Toyota Tsusho is planning to supply biofuels and green hydrogen to Patimban Port in Indonesia. (Photo obtained by Nikkei)
Energy

Japan's Toyota Tsusho to develop and supply biofuels in Indonesia

Trader will work with state-run Pertamina to support decarbonization efforts

21 August 2024
People try out iPhone products at an Apple Store in Beijing. 
Opinion

China must decide whether to rein in exploitive 'Apple Tax'

Pushback by Tokyo and Seoul against tech group show Beijing the way forward

21 August 2024