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
Chinese President Xi Jinping's books, in various languages, are displayed on the sidelines of a Belt and Road event in Hong Kong -- one of several international forums in the city this week. (Photo by Kenji Kawase)  
Hong Kong security law

Hong Kong hosts flurry of forums, cozying up to non-Western partners

U.S.-led democracies conspicuously absent as city woos mainland, ASEAN, Middle East

14 September 2024
A Great Lakes Works sign is seen at the U.S. Steel Great Lakes Works plant in Ecorse, Michigan.
Business deals

Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline, sources say

National security panel could grant request by companies to extend review another 90 days

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
A partnership between General Motors and Hyundai Motor would be the first of its kind between U.S. and South Korean automakers. (Source photos by Reuters)
Automobiles

GM pivots to Hyundai from Honda in shifting EV landscape

U.S. and South Korean partners aim to bring down costs to compete with Chinese rivals

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
Ford Motor plans to restart manufacturing at its factory in the southern Indian state of Tamil Nadu.
Automobiles

Ford to restart India car production 3 years after quitting

U.S. automaker plans to use mothballed Tamil Nadu plant to build vehicles for export

13 September 2024
U.S. President Joe Biden delivers remarks at the United Steel Workers headquarters in Pittsburgh, Pennsylvania, on April 17.
Business deals

Nippon Steel and U.S. Steel send letter to Biden on merger plans

Move followed reports president was preparing to block deal; contents not disclosed

13 September 2024
Elon Musk 
Media & Entertainment

Elon Musk calls Australian government 'fascists' over bill on falsehoods

Canberra could fine social media firms for failing to prevent spread of misinformation

13 September 2024
Ly Yong Phat, president of the L.Y.P. Group, far left, attends a ceremony marking the return of artifacts at Peace Palace in Phnom Penh on Aug. 22. 
13 September 2024
Former U.S. President Donald Trump and Vice President Kamala Harris, the Republican and Democratic party presidential nominees, at their first and potentially only debate, in Philadelphia on Sept. 10. (Source photos by AP)
U.S. elections 2024

China strategy largely absent from Harris, Trump campaigns

U.S. presidential debate referenced China 13 times, but mostly on tariffs

13 September 2024
Automakers face tens of billions of dollars in capital costs as technology shifts to EVs. (Source photos from Reuters)
Automobiles

GM, Hyundai Motor to explore joint vehicle development projects

Potential partnership could encompass wide range of technologies

13 September 2024
Moderna CEO Stephane Bancel is counting on a COVID-flu combination vaccine to boost revenue. (Photo by Kaori Yoshida) 
Pharmaceuticals

Moderna to launch skin cancer vaccine as soon as 2025: CEO

U.S. company hopes new shots will offset falling sales of COVID vaccine

13 September 2024
Companies have accelerated permanent residency applications for foreign workers in anticipation of Donald Trump's potential return to the White House.
U.S. elections 2024

Trump-era immigration fears drive spike in U.S. green card applications

Companies accelerate paperwork to secure residency of foreign workers

12 September 2024
Opposition to Nippon Steel's attempted acquisition of U.S. Steel may put the company's creditworthiness at risk. (Photo by Yuki Nakao)
12 September 2024
Stream article image
#techAsia

Export clampdowns and a smartphone face-off

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

12 September 2024
A U.S. Steel plant in Pennsylvania. Negotiations between Nippon Steel and the U.S. government over the Japanese steelmaker's planned buyout of its U.S. counterpart are at a critical stage.
Business deals

Nippon Steel meets U.S. officials amid concerns focusing on India, China

Steelmaker execs arrange 'rush' meeting with Treasury Department

12 September 2024
The influential United Steelworkers union has opposed Nippon Steel's proposed takeover of U.S. Steel.
Business deals

Nippon Steel publishes exchanges with union on U.S. Steel deal

Japan steelmaker disputes 'mischaracterizations' amid continued USW pushback

12 September 2024
U.S. Marines and members of the Japanese Ground Self-Defense Force's Amphibious Rapid Deployment Brigade take part in joint military exercises in an island near Okinawa in November 2023.
Interview

U.S. needs 'alliances that work': former Trump defense official

Elbridge Colby argues for greater command integration between Japan and the U.S.

11 September 2024
Taylor Swift performs at Wembley Stadium in London on June 21. (Invision via AP)
U.S. elections 2024

Taylor Swift endorses Kamala Harris for president after debate ends

Young-women favorite calls Democratic candidate 'steady-handed, gifted leader'

11 September 2024
The Republican and Democratic party presidential nominees, former U.S. President Donald Trump and Vice President Kamala Harris, debate in Philadelphia on Sept. 10 (Source photos by Reuters and AP)
U.S. elections 2024

Trump vows tariffs, Harris blames Xi for hiding COVID in tense debate

Republicans cry foul at 'biased' moderators, while Democrats declare victory

11 September 2024
New Jersey, U.S.-based Presperse became a wholly owned unit of Japan's Sumitomo in 2010. (Presperse)
Companies

Sumitomo U.S. unit files for bankruptcy on talc lawsuit expenses

L'Oreal supplier Presperse vows to stay in business under 'enormous' pressure

11 September 2024