Grab has abandoned a plan to acquire Singaporean taxi operator Trans-cab in light of concerns from authorities that the merger would reduce competition in the market. 
Transportation

Grab ends plan to acquire Singapore taxi firm Trans-cab

Companies withdraw application after antitrust watchdog raised concerns

25 July 2024
Hyundai Motor's Kona Electric SUV: The company's EV sales fell 24.7% year on year in the three months through June.
Automobiles

Hyundai Motor posts small profit increase in Q2 on hybrids

Automaker eyes more such sales as hedge against possible Trump return

25 July 2024
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#techAsia

Chip chemicals and cybercrime crackdowns

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

25 July 2024
iFlytek, a U.S.-sanctioned leader in China's AI industry, presents its products at this year's Hong Kong book fair. (Photo by Kenji Kawase)
US-China tensions

China's iFlytek exec says U.S. sanctions have 'destroyed' market mechanism

AI leader invests in Hong Kong hub and seeks to expand presence in Japan

25 July 2024
After hitting all-time highs earlier in the month, the benchmark Nikkei Stock Average and the broader Topix index have declined for more than two weeks. (Photo by Yutaka Miyaguchi)
Equities

Japan's Nikkei average dives 3.3% as pro investors sell shares

Weak yen darkening investors' outlook on Japanese stocks

25 July 2024
SK Hynix credits its second-quarter turnaround to a recovery in the memory chip sector as well as rising demand for AI memory chips.
Artificial intelligence

SK Hynix swings to profit in Q2 on strong AI chip demand

HBM sales up, but shares in South Korean memory maker hit by U.S. tech selloff

25 July 2024
A vacant storefront in central Seoul. (Photo by Ahn Seong-bok)
Economy

South Korea's Q2 GDP shrinks 0.2% as incomes decline

Country's economy caught between robust exports and weak domestic conditions

25 July 2024
In "Blind Willow, Sleeping Woman," the magic of animation enables director Pierre Foldes to convey the surreal qualities of Haruki Murakami's fiction: A character known as Frog suddenly flattens his body into a paper-thin sheet to slide through a train carriage window, while other passengers are rendered transparent. (Pierre Foldes Defacto/Miyu)
Arts

Movie animates Murakami's portraits of empty lives

'Blind Willow, Sleeping Woman' elevates celebrated author's genre fantasies

25 July 2024
Baosteel, a unit of Baowu Steel Group, has become one of the world's largest steelmakers by output.
Companies

Nippon Steel ends stormy, half-century partnership with Baosteel

As Chinese steelmaker has gone from student to rival, Nippon Steel is at a turning point

25 July 2024
Japan led investment in the U.S. with $783 billion in mergers and acquisitions and greenfield purchases in 2023.
25 July 2024
Honda Motor's e:NS2 electric vehicle. The automaker's sales in China fell roughly 40% by volume in June. (Photo by Sei Matsumoto)
Automobiles

Honda to cut China production capacity for gas cars by 30%

Move marks latest reversal by Japanese automakers in world's biggest market

25 July 2024
Xi Jinping might have just given himself an ace in the hole in his high-stakes game of politics to extend his reign beyond 2027. (Nikkei montage/Source photos by AP and Getty Images)
China up close

Analysis: China's new 2029 reform goal shows Xi Jinping is worried

New target might also be a gambit to help a decoupled China emerge strong

25 July 2024
Kobayashi Pharmaceutical is grappling with a scandal surrounding a red yeast supplement suspected of being linked to more than 80 deaths. (Photo by Koji Uema)
Pharmaceuticals

Activist investor Oasis buys 5% stake in scandal-hit Kobayashi Pharma

Hong Kong fund becomes 4th-largest shareholder in Japanese drugmaker

25 July 2024
Rapidus is building its advanced chip plant at this site in Chitose, Japan. (Photo by Hajime Tsukada)
Semiconductors

Japan's Kishida visits Rapidus chip plant site, pledges swift funding

Government plans loan guarantees to draw financing from banks

25 July 2024
The yen reached its strongest level in roughly two months on July 24.
Currencies

Yen gets reprieve as investors see closing gap in Japan, U.S. rates

Speculators unwind yen shorts ahead of Fed and BOJ policy meetings

25 July 2024
Hybe is the agency behind K-pop idols like male supergroup BTS. (Photo by Tetsuya Fujita)
Media & Entertainment

BTS agency Hybe CEO resigns amid feud with subsidiary

Leading South Korean entertainment group under strain

24 July 2024
Bollywood actress Sanya Malhotra, left, and an executive of Yakult Danone India launching the new mango flavor in New Delhi on July 24. (Photo by Kiran Sharma)
Food & Beverage

Yakult aims to up probiotic drink sales by 50% in India

Japanese-French JV to launch mango flavor exclusively in South Asian nation

24 July 2024
Man using a smartphone in Kuala Lumpur -- Malaysia has some of the world's most engaged social media users. (Photo by Norman Goh)
Cybersecurity

Cybercrime rising on social media in Malaysia, minister says

Tighter regulations and licensing to be required for online platforms

24 July 2024
Rescuers assist residents in the Metro Manila city of Marikina on July 24 amid heavy rains brought by Typhoon Gaemi.
Natural disasters

Typhoon Gaemi dumps heavy rain in Manila; 114 flights canceled

More than 600,000 people displaced, with 16 cities asking for emergency funding

24 July 2024
Screenshots of Nike's video ad for the Paris Olympics, which at one point shows an Asian table tennis player licking the edge of her paddle. (Photo by Ken Kobayashi)
Companies

Nike's Paris Olympics commercial criticized for 'insulting China'

Short scene in 90-second ad shows Asian table tennis player licking her paddle

24 July 2024
Isuzu Motors introduces the Elf Mio diesel model on July 24 in Tokyo. (Photo by Yuichi Shiga)
Automobiles

Isuzu adds 'truck for anyone' model to meet Japan driver shortage

Lighter body allows operation without large-vehicle license

24 July 2024
A boat plies the river in the Sundarbans National Park -- the world's largest mangrove forest. Located in the delta formed by the Ganges and Brahmaputra rivers, the forest is described by UNESCO as "one of the most biologically productive of all natural ecosystems." (Photo by Charukesi Ramadurai)
Tea Leaves

Tiger spotting among the mangroves

A conservation lesson in South Asia's forested Sundarbans region

24 July 2024
Solvay CEO Philippe Kehren says China's tighter control of rare earths will spur supply chain diversification. (Nikkei montage/Source photos by AP, Reuters and Solvay)
Supply Chain

China's rare earth rule to speed supply chain shifts: Solvay CEO

Europe chemical maker to aim for 30% self sufficiency for bloc; eyes Japan

24 July 2024
The Honda Elevate goes on display in New Delhi, India, on June 6, 2023. The model was later introduced to Japan as the WR-V.
Automobiles

Honda's made-in-India SUV grabs Japanese drivers with low price

Japanese brand beats Mercedes-Benz and BMW in importing vehicles in April and May

24 July 2024
Tesla shares have been highly volatile this year
Electric vehicles

Tesla's main export hub in Shanghai reels from EU tariffs, weak EV demand

The U.S. automaker's profit drops for the fourth quarter in a row

24 July 2024