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
NATO Secretary-General Jens Stoltenberg speaks to reporters in Washington on July 10. (Photo by Ken Moriyasu)
International relations

NATO labels China a 'decisive enabler' of Russia's war efforts

Alliance plans dialogue with Indo-Pacific partners on defense industrial cooperation

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
U.S. President Joe Biden, holding microphone, with former House Speaker Nancy Pelosi at the EMILY's List gala in Washington in May 2023.
U.S. elections 2024

Let Biden focus on NATO first, Pelosi says of election talk

Democratic heavyweight calls on colleagues to 'hold off' until week is over

11 July 2024
Indo-Pacific partners will launch new joint projects on Ukraine, AI, disinformation and cybersecurity.
Indo-Pacific

NATO to launch 4 projects with Indo-Pacific partners, including AI and cyber

Global 'arsenal of democracy' will help allies adapt to shifting security landscape

10 July 2024
ZeroAvia conducted a successful test flight of a 19-seater hydrogen engine plane last year. (Itochu)
Business deals

Itochu invests in U.S. hydrogen aircraft engine maker ZeroAvia

Japanese trading house to provide fuel and sales support

9 July 2024
A U.S. soldier inspects a Patriot missile defense battery near Warsaw in 2015. Precision munitions and air defense are seen as key areas of need as NATO looks to expand defense industrial cooperation. (Agencja Gazeta via Reuters)
Indo-Pacific

NATO to expand defense industrial cooperation to Indo-Pacific

Alliance aims to tap production capacity of South Korea, Japan and Australia

9 July 2024
The U.S. 7th Fleet flagship USS Blue Ridge (LCC 19) is docked at the South Harbor in Manila March 5, 2016. 
Defense

U.S. Navy visits former base in Vietnam's strategic Cam Ranh Bay

Ex-defense official has said U.S. presence in area would send firm message to China

9 July 2024
The Reserve Bank of Australia: The central bank says the decline in correspondent banks serving the Pacific is due to streamlining and counterterrrorism and anti-money laundering efforts.
Finance

Australia, U.S. to tackle Pacific's fall in correspondent banks

'Worrying trend' hurts financial access, stability in region, U.S. official says

9 July 2024
Japanese Prime Minister Fumio Kishida speaks at the NATO summit in Vilnius, Lithuania, July 2023.
Opinion

Japan's tacit NATO membership acts as bridge for global security

Facing threats from Russia, China, North Korea, Tokyo deepens bonds with alliance

9 July 2024
President Joe Biden arrives at the U.S. Military Academy in the state of New York in May. The U.S. wants to expand rules allowing reviews of land purchases near military bases.
Politics

U.S. seeks security review of land buys near more military bases

Chinese-owned property near missile base received divestment order in May

9 July 2024
Chinese 26-year-old Shi Fengyun pled guilty to espionage misdemeanors for flying a drone near a U.S. naval facility.
Crime

Chinese student pleads guilty to violating U.S. espionage act

Shi Fengyun is accused of violating rarely used provisions of the Espionage Act

9 July 2024
Ares Management now has nine offices across the Asia-Pacific region and plans to open one in Tokyo this year.
Wealth Management

U.S. investor Ares taps ex-SMBC executive to lead Japan expansion

Alternative-investment firm sees growth opportunities in government policy shift

9 July 2024
U.S. President Joe Biden attends a campaign event in Harrisburg in the crucial swing state of Pennsylvania on July 7.
U.S. elections 2024

'NATO week' kicks off with world's eyes on Biden

75th anniversary summit comes as more Democrats call for candidate switch

9 July 2024
U.S. law firms Dechert and Weil, Gotshal and Manges have plans to exit China.
Business trends

U.S. law firms hasten retreat from mainland China

Dechert and Weil withdraw from second-largest economy

8 July 2024
A Switchblade drone strikes a target at sea. (Australian Department of Defence)
Defense

Australia to purchase U.S.-made 'killer drones'

Adoption of armed drones by Canberra has been slow, expert says

8 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
Texas Gov. Greg Abbott spoke with Nikkei in Austin. (Photo by Ryosuke Hanafusa)
Semiconductors

Texas governor pursues Japan, Taiwan, South Korea chip investments

Armed with $1.4bn fund, Abbott embarks on economic mission to lure businesses

6 July 2024
Milwaukee Tool work gloves were made with forced Chinese prison labor, a lawsuit alleges. (Milwaukee Tool)
Supply Chain

Milwaukee Tool sued for alleged Chinese forced labor

Former Chinese prisoner says he was forced to make gloves in brutal conditions

4 July 2024
Daren Tang, director general of the World Intellectual Property Organization. (Keystone via AP)
Artificial intelligence

China leads in generative AI patent applications, U.N. agency says

U.S. a distant second by this yardstick but No. 1 by some others

4 July 2024
A vehicle drives along the U.S. side of the border with Mexico in Nogales, Arizona, on June 25.
Immigration

U.S. deports 116 Chinese migrants in first 'large charter flight' in 5 years

Immigration under intense scrutiny in race for the White House

3 July 2024
Republican presidential candidate former President Donald Trump and President Joe Biden speak simultaneously during a presidential debate hosted by CNN on June 27 in Atlanta. 
The Nikkei View

World left anxious after U.S. presidential debate

Neither candidate offers realistic plan for improving global stability

3 July 2024
Joe Biden has been under fire over his faltering performance during a presidential debate on June 27.
U.S. elections 2024

Biden's re-election bid faces growing Democrat doubts

Pressure mounting on U.S. president following shaky debate performance

3 July 2024
Tesla's new Model 3 sedan is displayed next to a Model X SUV at the China International Fair for Trade in Services in Beijing last September.
Automobiles

Tesla shares rally as Q2 deliveries fall less than expected

Incentives help EV maker achieve increase from previous quarter

3 July 2024
Questions about U.S. President Joe Biden's cognitive health swirl following his halting June 27 debate performance.
Opinion

Asian officials brace for Trump 2.0 after Biden debate meltdown

Few relish prospect of more of the chaos wrought by former president's first term

3 July 2024