Tamra wind farm, the first offshore wind development in South Korea, located off Jeju Island, consists of 10 wind turbines and has already generated substantial economic benefits by creating jobs during the construction and operational phases.
Opinion

Asia needs low-cost financing to harness offshore wind

Strategic investment, partnerships are key to region's renewable energy ambitions

22 August 2024
Ticket machines at Ben Thanh Station on Ho Chi Minh City Metro Line No. 1 are waiting to be used. (Photo by Yuji Nitta)
Transportation

Vietnam's first subway mired in more delays amid planned 2024 start

Hitachi files for arbitration over Ho Chi Minh City payments in Japan-led project

22 August 2024
Xi Jinping is determined not to be caught off guard by the policies of whoever wins the U.S. presidential election in November, Democrat Kamala Harris or Republican Donald Trump. (Nikkei montage/Source photos by Yusuke Hinata and Getty Images)
China up close

Analysis: U.S. election could dictate Xi Jinping's political schedule

Bitter lesson from 2016 Clinton-Trump race reverberates through Beijing

22 August 2024
Malaysian automaker Proton launched the redesigned X70 SUV on Aug. 15. (Proton)
Automobiles

Malaysia's Proton deepens ties with China's Geely ahead of EV debut

Long-struggling automaker aims for growth under Chinese shareholder

22 August 2024
China Railway has introduced a new fare system and premium seats to try and improve profitability. (Photo by Kohei Fujimura)
Transportation

China high-speed rail operator forced to hike fares as debt balloons

Rapid expansion leaves China Railway with $859bn in debt along with unused stations

22 August 2024
E-cigarettes or vapes are becoming an increasingly popular option for smokers around the world.
Business deals

Japan Tobacco sets sights on e-cigarette push with U.S. Vector deal

$2.4bn acquisition to accelerate investment into growing market

22 August 2024
The Fuqing Nuclear Power Plant in China's Fujian province. China has built 39 reactors over the past decade. (Fuqing Nuclear Power Plant)
Energy

China and Russia drive global nuclear power capacity to record high

With as many reactors as France, China is building more while pursuing new tech

22 August 2024
Under President Xi Jinping, China has intensified efforts to protect national security and prevent espionage.
Companies

China's indictment of Astellas worker alarms Japanese businesses

Opaque espionage crackdown spurs concern over employee safety

22 August 2024
Panasonic has announced plans to invest 45 billion yen in its Czech factory to increase heat pump production capacity. (Photo obtained by Nikkei)
Electronics

Daikin, Panasonic invest in cooling European heat pump market

Despite setbacks, demand for energy-saving tech still seen rising in long run

21 August 2024
Neither Astellas nor Japan's Foreign Ministry disclosed what charges the employee has been indicted on.
Companies

Japan drugmaker Astellas says employee indicted by China prosecutors

Man has been detained since March 2023 on suspicion of espionage

21 August 2024
Japan's Defense Minister Minoru Kihara spoke with Nikkei in New Delhi on Aug. 20. (Photo by Satoshi Iwaki)
Interview

Japan calls for 'integrated joint exercise' with India

Defense Minister Kihara seeks tighter military relations between two nations

21 August 2024
Macao Chief Executive Ho Iat Seng, center, attends a tech event in the former Portuguese colony in May. He surprised observers on Aug. 21 by announcing that he would not seek reelection in October due to "health reasons." (Photo by Kensaku Ihara) 
Politics

Macao leader Ho Iat Seng says he will not seek second term

Chief cites health for unusual decision less than 2 months before election

21 August 2024
The Hong Kong Exchange logged a 3% decline in first-half profit although the second quarter showed more promise. (Photo by Ken Kobayashi)
Markets

Hong Kong Exchange's first-half profit sinks amid weak market sentiment

New CEO Bonnie Chan describes results as 'robust' but concedes outlook uncertain

21 August 2024
Japan Tobacco is expanding its global presence with the acquisition of America's Vector Group.
Companies

Japan Tobacco to buy U.S. tobacco maker Vector Group for $2.4bn

JT-backed company to launch a tender offer at $15 per share

21 August 2024
As of end March, U.S. retailer Walmart held a 9.4% stake in JD.com, making it the No. 2 shareholder after the Chinese company's founder. It has now sold it all. (Source photos by AP)
Business deals

JD.com stock drops as Walmart unloads stake for estimated $3.6bn

U.S. retailer says it wants to focus on its own China operations

21 August 2024
BYD cars are unloaded at a port in Germany: Chinese EVs will be subject to additional tariffs, on top of an existing 10% duty, once an anti-subsidy investigation is finalized on Oct. 30. 
Trade war

China probes dairy imports following EU's EV probe update

Tariffs on Chinese brands slightly adjusted in Europe's latest decision

21 August 2024
The Chinese e-commerce giants Temu and Shein both face myriad regulatory hurdles amid their pushes into more overseas markets. (Source photos by Reuters and AP) 
Retail

Shein sues Temu (again) as e-commerce feud heats up

China-founded cross-border platforms have taken each other to court multiple times

21 August 2024
Departures: Japan's Fumio Kishida, Sheikh Hasina of Bangladesh, and Srettha Thavisin of Thailand. (Source photos by Wataru Ito and Reuters)
Opinion

Rash of departing Asian PMs shows how parochial politics stifles economies

Region's leaders need to draw lessons from departures in Japan, Thailand and Bangladesh

21 August 2024
A container terminal at the Port of Tokyo. (Photo by Nanami Sato)
Trade

Japan's exports grew in July on semiconductors and weak yen

Overseas shipments rose 10.3%; imports also up 16.6%

21 August 2024
Supporters of the French far-right National Rally party react at the party's election-night headquarters on June 9 in Paris.
The Nikkei View

Global election results show importance of functioning democracy

Growing populism, confusion could benefit authoritarian regimes

21 August 2024
Turkish President Recep Tayyip Erdogan, left, meets with Chinese President Xi Jinping at the Shanghai Cooperation Organization Summit in Kazakhstan on July 4. (Turkish presidency)
International relations

Turkey lauds improvement in relations with China after long stagnation

President Erdogan reveals possible visit in 2025 by counterpart Xi

21 August 2024
Profit margins at Chinese commercial banks have hovered around a record low for months.
Economy

China lending at 15-year low as central bank holds rates

Real estate slump continues to squeeze financing demand

21 August 2024
Construction of hydrogen production facilities is underway in Utah. (Mitsubishi Heavy Industries)
Energy

Mitsubishi Heavy, Chevron eye U.S. green hydrogen launch in 2025

Utah project to produce, store and generate power from fuel made with renewables

21 August 2024
Toyota Tsusho is planning to supply biofuels and green hydrogen to Patimban Port in Indonesia. (Photo obtained by Nikkei)
Energy

Japan's Toyota Tsusho to develop and supply biofuels in Indonesia

Trader will work with state-run Pertamina to support decarbonization efforts

21 August 2024
People try out iPhone products at an Apple Store in Beijing. 
Opinion

China must decide whether to rein in exploitive 'Apple Tax'

Pushback by Tokyo and Seoul against tech group show Beijing the way forward

21 August 2024