Chinese automaker BYD's lowest-priced model in the U.S. would still be the cheapest in the market even with a 100% tariff, according to an industry analyst.
Electric vehicles

Chinese EVs still cheaper than Teslas in U.S. after tariff hike

Supply chain advantages help BYD and others compete on price

15 September 2024
Power grids have become the primary bottleneck for expanding clean energy use in the U.S., Europe and Asia.
Datawatch

Renewable energy wasted worldwide due to lack of power grids

Power equal to 480 nuclear reactors unused in U.S. and Europe

14 September 2024
China's industrial production slowed in August, underscoring the need for more stimulus to sustain economic growth. 
Economy

China industrial output grows at slowest pace in five months

Data for August also shows retail sales and investment losing momentum

14 September 2024
The Thai baht gained 6% against the dollar between Aug. 1 and Sept. 12 thanks partly to a rise in exports.
Currencies

Thai, Malaysian and Indonesian currencies gain as dollar weakens

Southeast Asia enjoys growth; political fears sink Turkish lira, Mexican peso

14 September 2024
Electric vehicle models on display in Beijing. The U.S. enacts a 100% duty on electric vehicles imported from China as well as a 50% tariff on EV batteries, effective Sept. 27.
US-China tensions

U.S. to start steep China tariff hikes on EVs, solar cells, on Sept. 27

Industry group warns of potential for disrupting chip-related supply chains

14 September 2024
Shein and Temu account for over 30% of shipments qualifying for de minimis exemptions from tariffs, according to a congressional report.
Retail

China's Shein and Temu face end to tariff-free imports into U.S.

White House to propose rules to limit 'loophole' for small shipments

14 September 2024
With a debt repayment due next month, the Maldives has signed a bilateral agreement with China to bolster the economy. 
International relations

China and Maldives sign financial cooperation agreement

Countries to establish framework to support local currency settlement

13 September 2024
A game of mahjong in Beijing. China is raising its retirement age to cope with its demographic decline.
Economy

China raises retirement age as workforce shrinks

Government strives to avert pension crisis by extending contribution years

13 September 2024
A crowded shopping street in Seoul's Myeongdong district.
Opinion

Japan shouldn't care that South Korea has higher GDP per capita

Both countries have to learn from each other, and focus on quality of life and happiness

13 September 2024
Samsung Electronics union members shout slogans during a strike. South Korea is developing legislation to provide targeted support for workers who do not belong to labor unions.
Work

South Korea crafts legislation to support unorganized workers

Despite urgency, road to passage appears rocky amid political party divisions

13 September 2024
ECB President Christine Lagarde painted a mixed picture of euro-area inflation sustained by rising wages even as overall labor cost pressures eased.
Economy

ECB cuts interest rates as inflation slows, growth weakens

'We are not pre-committing to a particular rate path,' bank chief Lagarde says

13 September 2024
A man counts banknotes at a currency exchange shop in Pakistan's Peshawar. The nation last summer came close to default before a last-gasp bailout from the International Monetary Fund.
Economy

Pakistan cuts key interest rate by 2 percentage points to 17.5%

Move marks third straight reduction as central bank tries to spur growth

12 September 2024
People wade through a flooded street in Hanoi on Sept. 12 during the aftermath of Typhoon Yagi.
Natural disasters

Vietnam death toll climbs to 199 in wake of Typhoon Yagi

Over 100 others still missing amid flash floods and landslides

12 September 2024
An FBI team will visit Bangladesh again to further discuss methods of assistance to the South Asian nation. (Source photos by Getty Images)
Economy

Bangladesh seeks help from FBI, U.N. agency to recover laundered money

An estimated $100bn was siphoned abroad in past 15 years under Hasina regime

12 September 2024
The nine candidates to lead Japan's ruling Liberal Democratic Party join an event in Tokyo on Sept. 12. From left in front row: Sanae Takaichi, Takayuki Kobayashi, Yoshimasa Hayashi, Shinjiro Koizumi, Yoko Kamikawa, Katsunobu Kato, Taro Kono, Shigeru Ishiba and Toshimitsu Motegi. (Photo by Uichiro Kasai)
Japan's leadership race

Japan's LDP kicks off leadership race to pick Kishida successor

Record candidate field faces 2-week battle to win support from ruling party members

12 September 2024
Thai Prime Minister Paetongtarn Shinawatra delivers her government's policy proposal to parliament in Bangkok on Sept. 12. 
Economy

Thai PM Paetongtarn pleads for stability to stimulate economic revival

New leader guarantees medical marijuana, pitches casino complexes

12 September 2024
Japan's benchmark index Nikkei Stock Average rose sharply during trading on Sept. 12 in Tokyo after tech-led gains on Wall Street and as the yen weakened. (Photo by Yuji Murakami)
Equities

Japan stocks jump 3.4%, track Wall Street tech gains

Domestic shares unlikely to repeat historic August plunge, strategists say

12 September 2024
China's sluggish property sector contributed to the declining business outlook in a survey of U.S. companies in China.
US-China tensions

U.S. companies' confidence in China hits record low

Chilly bilateral ties, economic slowdown dent investment appetite

12 September 2024
Many Japanese businesses, including Honda Motor, have operations in the Indian state of Rajasthan. (Photo by Ryosuke Hanada)
Interview

India's Rajasthan courts Japan auto industry with eye on EVs

State chief touts potential for business and tourism opportunities

12 September 2024
Contractors hired for mining work in Australia now must receive the same pay as in-house employees.
Commodities

Australia's mining industry faults new labor rights for rising costs

Minerals Council cites multi-employer bargaining and 'same job, same pay' law

12 September 2024
Indian Prime Minister Narendra Modi delivers an address at Semicon India on Sept. 11. (Photo by Aya Onishi)
Semiconductors

Semicon India: Modi touts goal to become chipmaking powerhouse

Now is 'right time' for global chipmakers to be in India: PM says at expo

12 September 2024
The headquarters of the People's Bank of China in Beijing.
Bonds

China government bond yields hit new low despite PBOC intervention

10-year rate falls below level that triggered fresh warnings over bubble

11 September 2024
Japan's economy expanded an annualized 0.4% in July from the previous month, according to an estimate released by the Japan Center for Economic Research. (Photo by Yo Inoue)
Economy

Japan's July GDP grew 0.4% on solid exports: JCER

Inbound tourism-related demand also increased, while private consumption declined

11 September 2024
Comments by Bank of Japan policymaker Junko Nakagawa pushed up the yen on Sept. 11. (Photo by Arisa Moriyama)
Currencies

Yen surges to strongest this year on BOJ policymaker's remark

Junko Nakagawa signals central bank's readiness to raise rates if inflation on track

11 September 2024