The India Gate shrouded in smog in New Delhi: India faces capital requirements equivalent to 10.8% of gross domestic product to achieve net-zero emissions.
Opinion

No place for greenwashing in Asia's loan markets

Borrowers should think broadly about how financing can support sustainability

4 July 2022
Pakistani troops march during a military parade to mark Pakistan Day in Islamabad on Mar. 23: The military remains unaffected by the financial crisis.
Opinion

Pakistan must learn to cut military spending

Limited resources are needed to help stabilize the economy

1 July 2022
Meihoku Training in Nepal provides language classes to workers headed to Japan.
Japan immigration

Nepal's 'kind, caring' millennials boost aging Japan's labor force

Country's migrants the only top foreign worker group to show increase

30 June 2022
Manoj Talukdar observes the devastation in Assam. "I have lost my life's savings" due to the flooding, he told Nikkei Asia. (Photo by Sasanka Talukdar)
Natural disasters

India's Assam floods overwhelm disaster management efforts

Deadly monsoons displace over 200,000 people, but nature is not the only culprit

28 June 2022
The Loire River near the Anjou-Bretagne bridge in Ancenis-Saint-Gereon, France, was no more than a dry riverbed on June 13: No one is immune.
Opinion

U.N. Secretary-General: We need a renewables revolution

Rescuing our burning planet depends on accelerating our transition

28 June 2022
A containership docked at the Indian city of Kochi: India opted out of the Regional Comprehensive Economic Partnership free trade grouping but is looking for alternatives.
Trade

India, EU resume free trade talks after near-decade freeze

Two sides hope to overcome sticking points as they aim to reduce China reliance

27 June 2022
Cracked saltpan land scorched by heat waves in Mumbai on May 15: Climate crisis is no longer fixable through government tinkering.
Opinion

Rewire global capitalism to save the planet

Sustainability should be a team effort between market and the state

26 June 2022
Xi Jinping during the welcome banquet of the Belt and Road Forum in Beijing in April 2019: China has few good options to climb out of the hole it has dug for itself.
Opinion

China can turn debt trap of its own making into historic opportunity

Beijing should cut its losses and focus on salvaging its reputation

24 June 2022
Afghan men search for survivors June 23 in the debris of a Paktika Province house destroyed by an earthquake.
Natural disasters

Afghanistan earthquake leaves homeless waiting for uncertain relief

Taliban say they are working around the clock but need more international aid

24 June 2022
Narendra Modi in Mysuru on June 21: The Modi government is in a bind.
Opinion

Youth unemployment will devastate India if left unchecked

Military recruitment uproar exposes the pain of a jobless recovery

23 June 2022
Hina Nagarajan, managing director and chief executive officer of Diageo India, says its strategy to pursue "value over volume" is the way forward for the company. (Photo courtesy of Diageo)
Food & Beverage

Diageo bets on India's premium alcohol market amid inflation

Local subsidiary head to expand high-end lineup eyeing post-COVID demand

23 June 2022
Russian soldiers guard fields of wheat in the southeast Ukrainian region of Zaporizhzhia on June 14: The current economic crisis is not mainly linked to an excess of demand but to insufficiency of supply.
Opinion

Inflation functions as a tax on the weakest

Serious shortages are taking hold of the essential elements of life

22 June 2022
People wade through flooding as they search for shelter in northeastern Bangladesh on June 18.
Natural disasters

Death toll in Bangladesh, India floods rises to 42

Dhaka searches for millions stranded by nation's worst monsoon disaster in years

19 June 2022
People queue at a fuel station in Colombo, Sri Lanka, hoping to buy kerosene. IMF delegates are set to visit the country this week as it battles a spiraling economic crisis.
Your Week in Asia

IMF heads to Sri Lanka, Japan upper house election campaign, G-7 summit

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

19 June 2022
A child gets treatment for malnourishment at the Indira Gandhi Children's Hospital in Kabul. (Photo by Kanika Gupta)
Afghanistan turmoil

Global food inflation stokes Afghanistan's starvation crisis

War, drought and economic crisis leave millions unable to cope with rising prices

18 June 2022
A vendor pushes a cart under a battery-powered LED light during a blackout in Karachi, Pakistan, on June 9.
Economy

Pakistan blackouts choke economy as China power plants go unpaid

CPEC-linked suppliers await $1.5bn dues; industry disruptions hinder exports

15 June 2022
Reviving Thailand's tourism industry will involve reduced dependence on the China market, more arrivals from new markets, and maintaining attention on domestic travelers.
Travel & Leisure

Thai hotels court Indian and local tourists to fill China void

Europeans top returnees but cannot match Arab and Chinese spending

15 June 2022
A worker sifts wheat before filling in sacks at the market yard on the outskirts of Ahmedabad on May 16: Wheat exports were banned with immediate effect.
Opinion

India's flawed system of export controls needs repair

Preventing manufacturers from making profitable sales overseas makes no sense

13 June 2022
Indian consumers and corporations are finding ways to keep expenses from ballooning now that inflation has gripped the nation.
Inflation

As Indians' income shrinks, so do the products they buy

With 'magic price points' locked in, producers resort to reducing 'grammage'

10 June 2022
The apparel industry dumps 92 million tons of textiles a year. The European Union hopes new rules will increase recycling, repair and second-hand retail. (Source photos by Ken Kobayashi and AFP/Jiji)
Business Spotlight

From China to India, Asia braces for EU plan to kill fast fashion

Supply chains may have to shift to recyclable, durable clothes -- with uncertain consequences

10 June 2022
Supporters of ousted Pakistani Prime Minister Imran Khan protest fuel price hikes in Karachi on June 3. New leader Shehbaz Sharif is set to unveil a budget under volatile conditions. 
Politics

Pakistan to unveil budget in political tinderbox: 5 things to know

PM braces for anger as he aims to hike taxes, secure IMF cash, revive China projects

9 June 2022
The Reserve Bank of India has increased its key rate for the second time in a little over a month as inflation mounts.
Economy

India's central bank raises key rate to 4.90% in 'no brainer' move

RBI attempts to curb 'steep' inflation, pinning blame on Ukraine war

8 June 2022
From left, Japanese Prime Minister Fumio Kishida, U.S. President Joe Biden and Indian Prime Minister Narendra Modi attend the IPEF launch event in Tokyo on May 23. 
The Nikkei View

Indo-Pacific Economic Framework can add stability to region

Byproduct of US-China rivalry has potential to benefit local companies

8 June 2022
From a Maldives bond payment to India's central bank meeting and Pakistan's upcoming budget, South Asia's economic strain is in focus.
Asia Insight

Beyond Sri Lanka, economic cyclone bears down on South Asia

From Pakistan to Maldives, forex and debt risks grow as inflationary headwinds build

7 June 2022
The Indian rupee suffered its fifth monthly decline in a row in May, amid relentless selling by foreign institutional investors, slowing economic growth, and a spike in inflation.
Market Spotlight

The droopy rupee: Can India's currency be revived?

Central bank rate rise expected this week as inflation menaces economy

6 June 2022