Nippon Steel Vice Chairman and Executive Vice President Takahiro Mori is actively engaging with U.S. Steel employees to address concerns over the proposed acquisition. (Source photos by Nanami Sato and Azusa Kawakami)
Business deals

Nippon Steel goes straight to the mill to shore up U.S. Steel deal

Japanese steelmaker stages charm offensive to overcome opposition to buyout

29 July 2024
A drone view show of an oil lick in the waters off the coast of Manila Bay in the Philippines on July 29.
Natural disasters

Philippine oil spill threatens livelihoods in fishing village

Fishermen of Tanza in Cavite province distraught as slick washes ashore

29 July 2024
Leqembi has been approved in countries such as the U.S., Japan and China, but the European Medicines Agency has balked at following suit. (Photo by Kento Awashima)
Pharmaceuticals

Eisai shares fall 13% as EU rejects Alzheimer's drug

High expectations take a hit as regulator fails to follow the U.S., Japan and China

29 July 2024
Hong Kong's premier shopping mall Harbour City. "The strength of the Hong Kong dollar," which is pegged to the strong U.S. dollar, has dealt a further blow to the city's retailers, a government spokesman says. (Photo by Shinya Sawai)
Retail

Hong Kong retail hit by Shenzhen rivalry, weak mainlander spending

Wharf REIC slips to net loss while major chains report double-digit sales declines

29 July 2024
A mine in Indonesia's Halmahera Island. (Photo by Survival International)
Opinion

Indonesia must improve ESG standards to attract global investment

Scrapping of BASF-Eramet nickel-cobalt project shows need for sustainable practices

29 July 2024
A Country Garden construction site in Kunming, China, in September 2019. The embattled developer's wind-up case in a Hong Kong court has been adjourned until January 2025.
China debt crunch

China property winding-up sagas show difficulty of recovering assets

Country Garden gets six-month respite as other cases highlight 'enforceability' problem

29 July 2024
Hesai Technology is a top producer of lidar devices used in autonomous vehicles. (Photo by Wataru Suzuki)
Interview

China's Hesai CEO calls U.S. accusation of military ties 'ridiculous'

Auto lidar maker says Trump sounds 'crazy' but would bring 'business rationale'

29 July 2024
Owners of the Chinese electric cars are complaining that new discounts from the company hurt the cars' resale value. (Photo by Shinya Sawai)
Electric vehicles

EV price war angers Thai BYD owners as buyers wait for more cuts

New incentives for hybrids come as weak demand hits banks and factories

29 July 2024
Diet member Yoshihiro Seki said a bill to guarantee loans for the government-backed chip startup Rapidus will be presented to the legislature as early as this fall. (Photo by Ken Kobayashi)
Semiconductors

Japan readying 'exceptional' bill to help Rapidus secure funding

LDP lawmaker says aim is for banks to provide bulk of chip startup's support

29 July 2024
The Bank of Japan is grappling with policy as a deeply depreciating yen stokes import prices and saps consumers' purchasing power. (Source photos by Nanami Sato and Pool)
Market Spotlight

'Wishy-washy' BOJ keeps investors guessing on next move

Central bank set to release tapering plan, mull timing of rate hike

29 July 2024
Bini has quickly won fans at home in the Philippines since its official debut in 2021. (Photo from Bini's website)
Media & Entertainment

Philippine girl group Bini bursts onto the global stage

Members grow from local reality show sensation to worldwide hitmakers

29 July 2024
Yoasobi was among several Japanese acts playing at Coachella this year. (Photo by Shumpei Kato)
Media & Entertainment

Yoasobi, Creepy Nuts lead Sony's new wave of J-pop to the U.S.

Connection to anime is a unique strength of Japanese music, Sony Music executive says

28 July 2024
Workers hang Malaysian flags in Kuala Lumpur.
Media & Entertainment

Malaysia to ask social media platforms with over 8m users to get licenses

Legal action will be taken if service providers fail to apply by January 2025

28 July 2024
The secretary general of the Thailand Board of Investment pleads with Chinese EV maker GAC Aion, "It would be great if you could lend support to our parts producers by using some auto parts produced by Thai companies." (Photo by Kenya Akama)
Electric vehicles

Thai subsidies for Chinese EV makers wreak havoc on auto sector

Massive oversupply forces legacy Thai companies to cut production or close down

28 July 2024
Thailand's Prime Minister Srettha Thavisin explains about digital wallet program in Bankok on Nov. 10. (Photo by Hiroki Endo)
Your Week in Asia

Quad FM meeting, BOJ monetary policy, digital wallet stimulus in Thailand

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

28 July 2024
The SU7, Chinese tech giant Xiaomi Corp.'s debut new energy vehicle, retails for 215,900 yuan ($29,735). However, getting it insured costs around the same as for a combustion-engine vehicle more than twice its price.
Caixin

Electric cars are draining the batteries of China's insurers

Owners of new energy vehicles are twice as likely to file a claim

28 July 2024
China's Marvel Garment, the largest tenant in the Phnom Penh Special Economic Zone, employs about 17,000 workers. (Phnom Penh SEZ)
Business trends

Cambodian industrial park seeks to draw tenants from Thailand, Vietnam

Phnom Penh Special Economic Zone diversifying its investors as supply chains move

28 July 2024
Honda, Japan's second-largest automaker, No. 3 Nissan and Mitsubishi will ally to compete with other giants.
Automobiles

Mitsubishi Motors to join Honda-Nissan alliance

Japanese auto market consolidates into 'big two' of tie-up versus Toyota

28 July 2024
A suite at the Courtyard by Marriott Sapporo has a sliding door separating the bedroom and workspace. (Photo by Kotose Hamano)
Travel & Leisure

Marriott, Accor swoop into Sapporo with luxury hotels as tourism booms

Foreign-owned chains look to tap rising demand in northern Japanese city

28 July 2024
China's recent gold boom is highlighted by the popularity of 1-gram gold beans. (Photo by Tomoya Takayama)
Commodities

China's Gen Z gold buyers treat themselves to little bits of bling

Younger generation helps drive rise in Chinese buying of precious metal

28 July 2024
 Nagoya has the largest number of abandoned bicycles in Japan.
Transportation

Uber drivers and others help crack down on illegal bicycle parking in Japan

Private company's action starts in Nagoya, with the most abandoned bikes

27 July 2024
According to a China-based research specialist Hurun Research Institute, Kweichow Moutai ranked as China's most valuable brand for six straight years through 2023. (Photo by Kohei Fujimura)
Food & Beverage

Chinese premium baijiu liquor faces fall in resale demand

Kweichow Moutai, whose market cap once topped Toyota's, loses top spot in China

27 July 2024
Advertisements for a cram school in Kota, India, feature photos of some of their best-performing students. (B.L.Digital Studio Kota)
Education

India's hypercompetitive exam culture drives students to suicide

Cram school hub sees record deaths as pressure to succeed takes toll on young minds

27 July 2024
Stream article image
Travel & Leisure

New Mt. Fuji rules reduce number of 'bullet climbers'

Concern remains about possible loss of UNESCO Heritage Site status

27 July 2024
Battery manufacturer CATL shows off its technology at the Beijing International Automotive Exhibition, also known as Auto China 2024, in April.
Electric vehicles

CATL state subsidies jump by 35% amid EU squeeze on China EVs

Rise in aid outpaces net profit growth; company sues domestic rival for IP infringement

27 July 2024