A Harley-Davidson Japan office in Tokyo has been inspected over allegations that the subsidiary of the American motorcycle maker breached the Antimonopoly Act.
Automobiles

Harley-Davidson Japan faces probe over excessive sales quotas

Antitrust watchdog looks into allegations dealers were forced to buy unsold units

30 July 2024
A shopping complex in Chengdu, Sichuan province, China. The country's top leadership is calling for a boost in domestic demand, while keeping an eye on risk in sectors such as property.
Economy

China's Politburo calls for consumption boost to drive 2024 growth

Top leadership acknowledges 'many' risks, calls for acceleration of fiscal policies

30 July 2024
S&P said in a note on July 30, "Bangladesh's external liquidity is weakening, as indicated by sustained depletion of its official foreign exchange reserves."
Economy

S&P cuts Bangladesh's debt rating to 'B+' from 'BB'

Downgrade reflects continued decline in foreign exchange reserves

30 July 2024
Bangladesh's garment industry is a major export earner.
Economy

Bangladeshi mismatch in export data cements doubts on official stats

Now-smaller GDP threatens South Asian nation's negotiation capacity with lenders

30 July 2024
With To Lam, center, assuming interim leadership of the Vietnamese Communist Party after the death of Nguyen Phu Trong, right, observers wonder whether the former security chief may be more influenced by China than the U.S. (Nikkei montage/Source photos by AFP/Jiji, EPA/Jiji and AP) 
Asia Insight

Vietnam veers into unknown as career cop makes Communist Party power play

Death of party chief Trong brings fears of tilt toward China-style leadership

30 July 2024
With China's domestic demand stagnant due to a prolonged real estate slump, foreign companies see diminished benefits to expanding into the country.
Business trends

China M&A deals down 45% in first half as economic slump continues

Tighter regulations at home and abroad make acquisitions harder to complete

30 July 2024
A drone view show of an oil lick in the waters off the coast of Manila Bay in the Philippines on July 29.
Natural disasters

Philippine oil spill threatens livelihoods in fishing village

Fishermen of Tanza in Cavite province distraught as slick washes ashore

29 July 2024
The education sector will get the lion's share of next year's budget, with an allocation of $16.7 billion.
Defense

Philippine defense budget to rise 6.4% amid South China Sea tensions

Coast guard to receive $536.5m to carry out Second Thomas Shoal missions

29 July 2024
A man pushes a hand cart equipped with benches as he ferries passengers along a railway in Manila.
Economy

Philippines seeks Japan, U.S. funding for Subic-Clark railway

$850m plan, part of Luzon Economic Corridor, on hold after China pulls out

29 July 2024
The Bank of Japan is grappling with policy as a deeply depreciating yen stokes import prices and saps consumers' purchasing power. (Source photos by Nanami Sato and Pool)
Market Spotlight

'Wishy-washy' BOJ keeps investors guessing on next move

Central bank set to release tapering plan, mull timing of rate hike

29 July 2024
Global Power analyzed data from its 42,000 registered users as of May, focusing on their current addresses and desired employment locations. (Global Power)
Japan immigration

Less than half of foreign workers want to remain in Japan's countryside

Challenges emerge ahead of 2027 change letting trainees switch jobs sooner

28 July 2024
Thailand's Prime Minister Srettha Thavisin explains about digital wallet program in Bankok on Nov. 10. (Photo by Hiroki Endo)
Your Week in Asia

Quad FM meeting, BOJ monetary policy, digital wallet stimulus in Thailand

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

28 July 2024
Indian Prime Minister Narendra Modi meets Russian President Vladimir Putin at the Kremlin on July 9. (Sputnik/Kremlin via Reuters)
Trade

India and Russia look to boost bilateral trade by 50% by 2030

Target of $100bn set during Modi's Moscow visit comes amid U.S. concerns

28 July 2024
China's recent gold boom is highlighted by the popularity of 1-gram gold beans. (Photo by Tomoya Takayama)
Commodities

China's Gen Z gold buyers treat themselves to little bits of bling

Younger generation helps drive rise in Chinese buying of precious metal

28 July 2024
A car seat assembly line at a factory in Shanghai. China posted a 3.6% year-on-year rise in industrial profits for June.
Economy

China's industrial profits rise faster despite faltering economy

Data shows 3.6% jump for June after 0.7% uptick in May

27 July 2024
Battery manufacturer CATL shows off its technology at the Beijing International Automotive Exhibition, also known as Auto China 2024, in April.
Electric vehicles

CATL state subsidies jump by 35% amid EU squeeze on China EVs

Rise in aid outpaces net profit growth; company sues domestic rival for IP infringement

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
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
David Lammy was received by Indian Prime Minister Narendra Modi during his first overseas trip as U.K. foreign minister. 
Trade

India and U.K. eye early FTA under new Starmer government

New British FM calls ties 'indispensable' after signing tech security pact

26 July 2024
A Chinese bullet train maintenance station in Xi'an. State-owned enterprises will invest 3 trillion yuan ($413.8 billion) on equipment upgrades over the next five years.
Economy

Chinese state enterprises to pour $414bn into equipment upgrades

Beijing backs investment and consumer trade-ins after plenum; appliance shares jump

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
Singapore's inflation figures came in lower than expected.
Economy

Singapore keeps monetary policy tight, lowers inflation outlook

Central bank expects price pressure to ease further later this year

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
China will double subsidies for those trading in cars for electric vehicles and other new energy vehicles. (Photo by Shizuka Tanabe)
Economy

China injects $41bn to subsidize car, appliance purchases

Beijing looks to stimulate domestic spending amid overcapacity criticism

25 July 2024
The U.S. economy grew an annualized 2.8% in the second quarter in a sign of resilience despite high interest rates. 
Economy

U.S. economy grows at 2.8% annualized rate, topping forecast

GDP growth regains steam in 2nd quarter; inflation slows

25 July 2024