Joseph Wu, Taiwan's previous foreign minister, left, and Filip Grzegorzewski, head of the European Union office in Taipei, commemorate 20 years of ties between the EU and Taiwan in Taipei in June 2023.
Opinion

Europe must prepare militarily and economically for a Taiwan war

Once merely aware of the risks, European leaders now have deep concerns

25 July 2024
Former ECB President Jean-Claude Trichet says the vast majority of Europeans prefer a single defense and single diplomacy. (Photo by Tsuyoshi Tamehiro)
Interview

Europe will remain united in times of crisis: ex-ECB chief

Jean-Claude Trichet sees safer world with further EU integration

20 July 2024
ECB President Christine Lagarde attends a press conference following the Governing Council's monetary policy meeting.
Economy

ECB keeps rates unchanged, September move 'wide open'

Lagarde warns that risks to growth were "tilted to the downside",

18 July 2024
JPMorgan Chase CEO Jamie Dimon recently said Donald Trump "was kind of right about NATO, kind of right on immigration. He grew the economy quite well. Trade tax reform worked. He was right about some of China."
U.S. elections 2024

Trump considers JPMorgan CEO Jamie Dimon for U.S. Treasury

Republican presidential candidate says he won't try ousting Fed's Powell

17 July 2024
Indonesian and U.S. flags flying alongside in Jakarta. Indonesia is rich in nickel, copper and bauxite, and keen to promote itself as a production hub for batteries and electric vehicles.
International relations

U.S. approaches Indonesia to join Mineral Security Partnership

EU and 14 countries already collaborating on critical mineral supply chains

15 July 2024
Electric vehicles made by China's BYD await loading onto a vehicle carrier for export to Brazil, at the port of Lianyungang, China.
Trade war

China asks WTO to set up panel for U.S. EV subsidies dispute

Beijing objects to Inflation Reduction Act's barriers to its products

15 July 2024
Swatch's shares were on track for their worst day in more than four years on July 15.
Consumer

Swatch slumps on weak China demand; shares hammered

First-half net sales tumble 14.3% for maker of Tissot, Longines, Omega watches

15 July 2024
Rishi Sunak has stepped down as British prime minister since the Group of Seven summit in Italy in June. U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida face elections later this year.
Comment

From U.S. to Japan, unpopular leaders cast shadow on global economy

Reform, not protectionism, is key as political headwinds mount

15 July 2024
The yen's latest gains came after data showed that U.S. producer prices increased moderately in June. (Photo by Mizuho Miyazaki)
Currencies

Yen hits 4-week high as intervention questions circulate

Move sparks speculation that Japanese officials propped up currency for 2nd day

13 July 2024
China accounted for 43% of Applied Materials' sales for the February-April period this year. 
Semiconductors

U.S. chip equipment makers rely on China for 40% of sales

Applied Materials, Lam Research ship legacy products not targeted by export curbs

13 July 2024
The forex move was likely triggered by options-related activity following the consumer price report.
Currencies

Dollar drops, yen surges as U.S. consumer prices fall in June

Japanese currency's gains spark speculation of possible forex intervention

12 July 2024
U.S. economic growth has also slowed in response to the Fed's rate hikes in 2022 and 2023.
Economy

U.S. consumer prices fall in June, delivering surprise hit to inflation

0.1% dip bolsters expectations that Federal Reserve will prepare for rate cuts

11 July 2024
A butcher sells pork at a market stall in Madrid, Spain. Spain accounted for 22% of China's imported pork in 2023.
Opinion

China goes whole hog in EU trade tussle over pork imports

Beijing strikes back at EV tariffs, risking a trade war over pig products

11 July 2024
Russian President Vladimir Putin speaks to journalists after the Shanghai Cooperation Organization summit meeting in Kazakhstan on July 4. (Pool photo via Reuters)
Comment

Russia woos Global South in push for new world order

Gambit to curb Western influence hinges on outcome of Ukraine war

11 July 2024
Excess Chinese steel production has led to an surge in imports across several Latin American countries.
Trade

U.S. and Mexico clamp down on Chinese steel imports

Brazil and other Latin American countries raise trade barriers amid influx

11 July 2024
Cars await export at a terminal at the port of Yantai, in China's Shandong province, in January 2024.
Electric cars in China

China EV exports fell 13.2% in June amid rising trade tensions

Domestic electric shift raises fresh concerns over glut of conventional cars

10 July 2024
A train runs near the Chinese border in Kazakhstan. Much of the railway in Central Asia's Middle Corridor has aging infrastructure.
Transportation

Central Asian railway to offer new link between China, Europe

New rail network would bypass problematic routes through Russia and Red Sea

10 July 2024
India is forecast to account for 20% of growth in global food consumption over the next decade as its economy and population grow.
Agriculture

India to drive food demand as China's appetite wanes: report

Reducing waste is critical as climate risks grow, says U.N. agency and OECD

9 July 2024
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin meet in September 2022 on the sidelines of the Shanghai Cooperation Organisation's summit in Uzbekistan.
International relations

Modi travels to Moscow for first time since Ukraine war

Visit shows 'resilience' of India-Russia ties amid global uncertainty, observers say

8 July 2024
Samsung Electronics workers hold a rally in Hwaseong, south of Seoul, on April 17 to demand better working conditions. (Photo by Kim Jaewon)
Your Week in Asia

Modi meets Putin, Samsung faces strike, Philippines-Japan '2-plus-2'

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

7 July 2024
China's Haidilao has opened a new low-price hot pot chain. (Photo by Kohei Fujimura)
Inflation

Cheaper meals are back in China, Japan and U.S. -- for different reasons

McDonald's fights inflation fatigue with $5 deal while Chinese chain offers $1 breakfast

6 July 2024
Spanish economy minister Carlos Cuerpo tells Nikkei Asia on July 4 that his country will not engage in a 'trade war' with China. Cuerpo is in Tokyo to launch a Japan-Spain business forum. (Photo by Satoko Kawasaki)
Interview

EU must not be 'naive' in China EV talks, Spain economy minister says

Bloc should protect domestic industries and 'be a bit more self-centered'

5 July 2024
A cognac distillery in southwestern France. China's Commerce Ministry has set a hearing to discuss an ongoing investigation into claims that European brandy producers are selling into China at below market rates.
Trade war

China unveils next steps in EU brandy probe as EV tariffs take effect

Commerce Ministry sets hearing for July 18; Beijing threatens wide-ranging retaliation

5 July 2024
A BYD car imported to Germany. The Chinese electric vehicle maker faces the lowest additional import duties of 17.4%, because it cooperated with Europe's investigation.
Trade war

EU presses ahead with Chinese EV tariffs as talks continue

Divided Europe still needs unity in approach while China's carmakers ponder moves

4 July 2024
A wind farm off the coast of Germany. 
Energy

Germany to probe use of Chinese wind turbines in North Sea project

Berlin looks to balance protecting critical infrastructure and fair competition

4 July 2024