The Hong Kong Jockey Club is transforming this training facility in Guangzhou's Conghua District into a full-fledged racecourse. (Hong Kong Jockey Club photo)
Travel & Leisure

Hong Kong Jockey Club eyes mainland opportunities despite betting ban

Club plans regular Guangzhou races from 2026, may seek to take bets in home city

27 July 2024
U.S. Treasury Secretary Janet Yellen attends a Group of 20 meeting in Rio de Janeiro on July 25.
Interview

Yellen suggests Japan's yen intervention differs from typical manipulation

Exclusive: U.S. treasury chief says 'beggar thy neighbor' policies should not be used

27 July 2024
Japanese company Eisai currently has the only approved Alzheimer's treatment on the market. (Photo by Aya Onishi)
Pharmaceuticals

Alzheimer's drug from Eisai and Biogen rejected in Europe

Leqembi seen offering small improvement while risking bleeding in brain

27 July 2024
Half the top 10 listings in Southeast Asia in terms of amount raised were from Malaysia. (Photo by Norman Goh)
IPO

Southeast Asia IPO fundraising down 60% in first half as Indonesia slumps

Higher interest rates dampen listings in region with fewer big-ticket debuts

27 July 2024
Nissan Motor has struggled in China, where it sells the Venucia brand. Meanwhile, Renault has entered into a new partnership with Chinese automaker Geely. (Source photos by Nikkei and Reuters)
Automobiles

Nissan falls behind Renault in market cap a year after equal alliance

Japanese carmaker blindsided by woes in American and Chinese markets

27 July 2024
Members of the World Trade Organization released an agreement on e-commerce rules following negotiations that began in 2017.
Trade

WTO members reach digital trade deal to ban tariffs on data

Proposed e-commerce rules also cover cybersecurity and regulatory transparency

27 July 2024
Red Bull would be the first foreign company to become sole owner of a J. League team. (Source photos by Nikkei)
Sports

Red Bull to enter Japan pro soccer with J3 team acquisition

Austrian energy drink maker will buy 100% stake in Omiya Ardija

27 July 2024
Travelers sit on stairs at the Gare de Montparnasse train station July 26. The disruptions caused by the sabotage affected hundreds of thousands of people and kept some Olympic athletes from attending the opening ceremony in Paris. 
Transportation

Arson attacks paralyze French high-speed rail hours before Olympics begin

Coordinated sabotage at sites far from Paris targeted links to maximize disruption

26 July 2024
The new cars will have greater capacity and remote monitoring capabilities. (Hitachi)
Transportation

Hitachi wins $720m train order for Philadelphia subway

Contract for 200 rail cars is company's second biggest ever in U.S.

26 July 2024
U.S. soldiers participate in Exercise Rim of the Pacific (RIMPAC) 2024 at Bellows Air Force Station in Hawaii on July 9. (Photo from U.S. Army Pacific Facebook)
Defense

Palau-based radar delayed despite U.S. focus on 2nd island chain

Air Force says construction issues slow project amid funding review

26 July 2024
The new venture will solidify state energy company Petronas's standing in the biofuels value chain beyond trading and offer sustainable solutions to reduce carbon emissions.
Energy

Petronas, Enilive and Euglena to jointly develop biorefinery in Malaysia

The plant at Pengerang Integrated Complex in Johor state is expected to be operational by 2028

26 July 2024
Apple is under pressure from local smartphone manufacturers in China, a market that accounts for 18% of the iPhone maker's revenue.
Electronics

Apple falls out of top 5 in China smartphone market in Q2

Vivo takes top spot while Huawei shipments surge despite U.S. sanctions

26 July 2024
Racing at Sha Tin Racecourse on July 14: Deng Xiaoping promised that "horses will still run" for 50 years after China's resumption of control over Hong Kong in 1997. (Photo by Shinya Sawai)
Editor-in-Chief’s Picks

Letter from Nikkei Asia's editor: Hong Kong Jockey Club builds a lead

Shin Nakayama shares his weekly reflections and recommendations

26 July 2024
Lexus' EV flagship model, the LF-ZC, is displayed at the Japan Mobility Show in Tokyo in October 2023. (Photo by Yuki Nakao)
Electric vehicles

Toyota to set up EV battery plant on Japan's 'Silicon Island'

Auto giant sees Kyushu supply chain helping it take on Chinese rivals in Asia

26 July 2024
Electricity theft and distribution problems caused by line losses have left Pakistan's government short of revenue.
International relations

Pakistan under pressure to renegotiate hefty Chinese power deals

Beijing unlikely to concede to Islamabad's request, experts say

26 July 2024
Chinese leader Deng Xiaoping is greeted by workers at Nippon Steel's mill in Kimitsu, Japan, on Oct. 26, 1978.
International relations

Nippon Steel-Baosteel split closes book on Deng Xiaoping's Japan legacy

Industrial power balance shifts while Beijing increasingly emphasizes security

26 July 2024
Olympus is promoting endoscope use in developing markets, including China. (Photo by Aya Onishi)
Health Care

Olympus faces challenge in China's endoscope market from local companies

CEO sees hurdles to overcome, but large untapped health care market open to innovation

26 July 2024
Eisai targets more than $350 million in global Leqembi sales this fiscal year. (Eisai)
Pharmaceuticals

Japan's Eisai eyes blood test for Alzheimer's drug eligibility

Drugmaker looks to lower hurdles to use of potential blockbuster treatment

26 July 2024
A Hyundai showroom in Mumbai in 2022. The company's sales and service network covers hundreds of Indian cities. 
Business Spotlight

Hyundai celebrates Indian success with plan for largest IPO

South Korean carmaker under pressure from Chinese rivals to raise its game in EVs

26 July 2024
Gold has traditionally been seen as a safe haven in times of geopolitical and economic uncertainty.
Commodities

China's central bank has been a big buyer of gold. Will it continue?

PBOC accounted for 5% of global demand for precious metal in 2023

26 July 2024
Coal accounted for 50% of Australia's energy mix in 2022. 
Energy

Australia debates building first nuclear plant ahead of 2025 election

Opposition party pushes alternative to renewables as public opinion shifts

26 July 2024
Workers assemble a Lexus vehicle at Toyota's plant in Fukuoka prefecture. The automaker is planning the largest capital investment of any major Japanese company this fiscal year. (Photo by Toshiki Sasazu)
Business trends

Toyota leads Japan Inc.'s record $217bn capital investment blitz

Auto industry set to be top spender in fiscal 2024 as EV, software race heats up

26 July 2024
Nadaman was founded in 1830 and has 74 stores, including four restaurants outside Japan. (Nadaman)
Food & Beverage

Japanese brewer Asahi to exit restaurant business

Group will sell high-end Japanese chain after years in the red

26 July 2024
Renesas missed operating profit market forecasts for the first half by 7%. (Photo by Ryosuke Eguchi)
Semiconductors

Renesas market cap plummets $4.9bn after earnings disappoint

Japanese chipmaker looks to get back on track after misjudging industrial demand

26 July 2024
Nissan Motor will launch a new model of the popular Kicks sport utility vehicle in the U.S. (Nissan Motor)
Automobiles

Nissan suffers 99% profit plunge on U.S. hybrid woes

Automaker falls behind Japanese rivals in tapping shift away from EVs

26 July 2024