Current debates around the international monetary system focus on de-dollarization.
Opinion

The dollar's days as a universal reserve currency are numbered

Retreat from free trade signals potential shift toward multipolar economic order

5 August 2024
Hyundai's aerial taxi can fly up to 200 kilometers per hour and carry four people. (Courtesy of the Ibu Kota Nusantara Authority)
Technology

Hyundai tests flying taxi near Indonesia's new capital Nusantara

Craft flies in figure-8 pattern for 10 minutes, aims to be operational in 2030

5 August 2024
Mike McDermott, chief global supply officer and executive vice president at Pfizer, speaks at the opening of Pfizer's new plant in Singapore's Tuas Biomedical Park on July 23. 
Pharmaceuticals

Singapore gets Big Pharma rush to invest in plants for aging region

Pfizer, AstraZeneca and Novartis to expand production for cancer and other drugs

5 August 2024
Panasonic invited social media influencers from various Asian countries to its product launch event in Tokyo on July 23.  (Panasonic)
Consumer

Panasonic takes on Southeast Asia with high-tech blow dryers

Japanese appliance maker calls on influencers to tackle Dyson, Chinese rivals

5 August 2024
A Taiwanese fan poses for a photo next to a statue of Luffy, the main character in the hit anime series "One Piece," located near the Kumamoto prefectural office. (Photo by Kosuke Kondo)
Travel & Leisure

'One Piece' statues draw fans from Taiwan, Philippines to Japan region

Series creator Oda teams with hometown of quake-hit Kumamoto to fuel recovery

5 August 2024
The skyline of Shenzhen, China. The country has been struggling to recover property investment sentiment since it launched a crackdown in 2020. (Photo by Yusuke Hinata)
Market Spotlight

As China's property market slumps, foreign investors get pickier

Singapore capital ticks up while Western buyers shy away from commercial sites

5 August 2024
Employees work on the production line at a factory for Chery's electric vehicles) in Wuhu, Anhui province, China, on July 29.
Opinion

What the world gets wrong about China's overcapacity

Many policymakers confuse productive capacity with production output

5 August 2024
An early chocoZAP gym in Osaka in 2022. As of May 2024, the number in Japan had eached 1,500. (Photo by Kosaku Mimura)
Consumer

Japan's affordable gyms plan to expand into China and Taiwan

Fitness facilities offer personal care, laundry and games with more to come

4 August 2024
Mizuno's sportswear is made from material that prevents infrared photography used to take voyeur photos.
Sports

ASICS and Mizuno showcase latest in sportswear tech at Olympics

Newest advances range from recyclable shoes to anti-voyeur clothing

4 August 2024
Ola Electric founder Bhavish Aggarwal on a scooter at a press briefing in Mumbai on July 29. Ola is set to go public in India's biggest IPO this year.
Your Week in Asia

India's Ola Electric goes public, Australia-U.S. two-plus-two, Indonesian GDP

Your weekly lineup of Asia's biggest business and political events

4 August 2024
Shogakukan's light novel app will feature a novel based on the "Frieren" anime. (Photo by Annu Nishioka)
Media & Entertainment

Japanese publisher to launch 'light novel' app with AI-assisted translations

Shogakukan to offer 400 'light novels' in 2 years for North American readers

4 August 2024
BTS member Jin enjoyed some of his favorite beverages, including Milkis, at a June 13 fan event just after finishing his mandatory military service. (Hybe)
Media & Entertainment

K-pop's sway over fan spending lures foreign investors

But BTS agency Hybe's court battle highlights looming governance concerns

4 August 2024
Eurus Energy Holdings, wholly owned by Toyota Tsusho, plans to develop and operate a wind farm in Uzbekistan, much like this one in Hokkaido, Japan. (Eurus Energy)
Energy

Uzbekistan wind farms planned by Japan's Toyota Tsusho, Sojitz

Russia and China vie for Central Asia power projects, stoking competition

4 August 2024
The "Oracle of Omaha" remains a big Apple fan despite the stake cut, reflecting the iPhone maker's strong pricing power and committed customer base.
Companies

Warren Buffett's Berkshire halves Apple stake, boosts cash to $277bn

Stock sale comes even as conglomerate posts a record quarterly operating profit

4 August 2024
In May, Izukyu began operating the Ma Ji Train, decorated inside and out with scenery from Taiwan. (Izukyu)
Travel & Leisure

Japan railway teams with Taipei Metro to bring Asia tourists to Izu

Izukyu uses local olives, Taiwan-style lanterns to expand appeal of resort area

4 August 2024
Lu Xinyi is among the entrepreneurs at the Bays Work accelerator in Shenzhen. (Photo by Itsuro Fujino)
Startups

Hong Kong startup founders flock north to tech hub Shenzhen

Mainland city's incentives draw new businesses as Beijing pushes integration

3 August 2024
SC Freiburg and Japan national team winger Ritsu Doan races away from Bayern Munich's Raphael Guerreiro in a Bundesliga match at Europa Park Stadion, Freiburg, Germany, on March 1.
Sports

Bundesliga expands Japan footprint on back of Japanese stars

Both goals in Samurai Blue's 2-1 World Cup win came from Germany-based players

3 August 2024
The front entrance of the new Toyota City Museum, which opened in late April and was designed by the Japanese contemporary architect Shigeru Ban. (Courtesy of Toyota City Museum)
Arts

Toyota city's new museum tells multifaceted story

From nature and history to fine art, architectural showcase celebrates much more than the local carmaker

3 August 2024
The suit, also joined by the Federal Trade Commission, said it was aimed at putting an end "to TikTok's unlawful massive-scale invasions of children's privacy."
Society

U.S. sues TikTok over 'massive-scale' privacy violations of children

Short-video platform accused of not obtaining parental consent before collecting data

3 August 2024
U.S. stocks fell sharply during the day on Aug. 2 following the release of weaker-than-expected jobs data.
Economy

Dow drops 600 on weak jobs data as global sell-off whips back to Wall Street

Investors worry U.S. economy is slowing under high interest rates

3 August 2024
The dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations for a September rate cut by the Federal Reserve.
Economy

Dollar hits four-month low as weak U.S. jobs data boosts rate cut bets

Japanese yen strengthens to 146.42 against greenback at one point

3 August 2024
Workers in Thailand prepare rubber sheets for shipment. (Photo by Hiroshi Kotani)
Commodities

Rubber prices fall to 2-month low on concerns over Chinese demand

Looser supplies, slower EV sales in China drag the market down

3 August 2024
Takara Standard offers kitchens with enamel surfaces, which stand up better to humidity than wood. (Takara Standard)
Construction

Japan kitchen maker to market enamel in Indonesia to beat humidity

Takara Standard targets country's growing upper class to expand overseas sales

3 August 2024
Convenience stores under the WinMart+ brand are at the center of Masan's retail expansion plans. (Photo by Yuji Nitta)
Retail

Vietnam retailer Masan aims for 30m loyalty members in expansion bid

Conglomerate plans to triple convenience stores to 10,000 by 2030

3 August 2024
China stopped importing Japanese seafood in August 2023 over the release of treated wastewater from the Fukushima Daiichi plant.
Trade

Japan first-half food exports down 1st time in 4 years amid China row

Seafood ban spurred by Fukushima water release looms over Tokyo's targets

3 August 2024