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
Hisham Hamdan is chief investment officer for Malaysian sovereign wealth fund Khazanah Nasional. (Khazanah Research Institute)
Economy

Malaysia's Khazanah fund expects 2024 returns to top last year's 5.7%

Chief investment officer credits strong domestic, U.S. and EU markets

11 September 2024
A man prepares a drink at a tea kadai. Found across India, these stalls attract people not just for their tea and snacks, but also for their role as informal community hubs. (All photos by Meenakshi J)   
Tea Leaves

How life and politics converge in India's tea shops

As gathering places, traditional 'kadai' are focal points for information, gossip and butter cookies

11 September 2024
Students attend orientation week at The University of Sydney in Camperdown in February 2023. Australian universities are popular destinations for those looking to study abroad.
Immigration

Australia latest to crack down on foreign student influx as rents soar

Schools object to curbs on key export industry that follow trend in Canada and U.K.

11 September 2024
Under pressure from investors, big landowners like hoteliers, railway operators and manufacturers are selling off real estate that is no longer central to their business.
The Big Story

Japan Inc.'s 25 trillion yen opportunity: Cashing in on real estate

Railway operator Seibu sets example by putting big Tokyo complex up for sale

11 September 2024
Retailing for around $3 each, Cup Noodles Stir Fry is part of Nissin's strategy to target higher price points in the U.S. (Photo by Nikkei)
Food & Beverage

Japan's Nissin shifts gears in U.S. with $2 premium noodles

Cup Noodles parent breaks from rival Maruchan with focus on higher price points

11 September 2024
U.S. giants Oracle, Microsoft and Amazon Web Services have each announced multibillion dollar investments in Japan's data center development.
Opinion

Japan's digital transformation must not derail decarbonization drive

Data center-related power consumption is estimated to rise by 550 times by 2050

11 September 2024
The Olympic sponsor contract originally was aimed at advertising Panasonic's products to consumers worldwide.
Sports

Panasonic ends 37-year run as major Olympics sponsor

Japanese manufacturer shifts focus toward corporate sector as TV sales decline

11 September 2024
New energy vehicles draw consumers at an event in Chengdu, China, on Aug. 31. (Photo by Shizuka Tanabe)
Economy

China's auto sales dip 5% in August, down for 3rd straight month

Decline reflects lackluster consumer spending, but new energy vehicles fare well

11 September 2024
All of the top five global suppliers of solar panels last year hailed from China.
Supply Chain

China dominates global supply of solar panels and wind turbines

Top players gain market share in renewable energy, EV supply chains

11 September 2024
Students at some Chinese universities are already undergoing basic military training.
Education

China to strengthen military education at universities

Move part of Xi's drive to put greater emphasis on national security

11 September 2024
The electrolyte LiFSI can extend the life of an electric vehicle battery to 800 charging cycles from 500. (Photo by Masayuki Kozono)
Electric vehicles

Material that extends EV battery life set for higher output in Japan

Nippon Shokubai to join growing Japanese electric vehicle supply chain

11 September 2024
The Play Station 5 Pro will be equipped with artificial intelligence that creates sharper, smoother visuals. (Sony Interactive Entertainment)
Media & Entertainment

PlayStation 5 Pro with AI-based upscaler to be launched Nov. 7

Sony's latest game console to go for $699.99 in U.S., 799.99 euros, 119,980 yen

11 September 2024
A Chinese company is suing the Electric Reliability Council of Texas (ERCOT), which runs the state's independent electric grid, for blocking its planned wind farm using state legislation.
US-China tensions

Chinese billionaire's Texas duel highlights state-federal legal mismatch

Wind farm 110 km from air force base was approved by CFIUS but blocked by state

10 September 2024
Samsung SDI says it plans to focus on materials for semiconductors, organic light-emitting diode (OLED) displays and batteries going forward.
Business deals

Samsung SDI to sell polarizing film business to Chinese company

South Korean battery maker exits segment to focus on other areas

10 September 2024
Final rules for U.S. outbound investment screening program yet to be announced after public consultation ended last month.
US-China tensions

U.S. curbs on China tech investments in final push as election looms

New administration could throw wrench in rules that focus on chips and AI

10 September 2024
Kenyan security forces at Jomo Kenyatta International Airport in Nairobi in July. 
Adani Group

Adani Group takeover of Kenyan airport stalled by local court

Workers protest on job loss fears; analysts say conglomerate used to pushback

10 September 2024
Supporters of the party of jailed former Pakistan Prime Minister Imran Khan, the Pakistan Tehreek-e-Insaf, wave flags during a rally in Islamabad on Sept. 8.
Politics

Pakistani police arrest 13 opposition leaders of ex-PM Khan's party

Unprecedented swoop due to party breaking public order law, government says

10 September 2024
Ownership of crypto in Singapore dropped to 26% in 2024 from 30% in 2022, according to a recent survey. (Nikkei montage/Source photos by Akira Kodaka)
Cryptocurrencies

Singapore's crypto ownership falls amid selloffs, regulatory chill: poll

Nearly half of nonowners and past owners cite regulatory concerns as a barrier

10 September 2024
The "blueprint for action" issued by this year's Responsible AI in the Military Domain summit includes the need to prevent AI from being used to make weapons of mass destruction by actors including terrorist groups, and the importance of maintaining human control and involvement in nuclear weapons employment.
Artificial intelligence

Global summit announces 'blueprint' for using AI in the military

Document also urges keeping AI from being used for weapons of mass destruction

10 September 2024
A worker unloads copper at a factory in Nantong, in China's Jiangsu province.
Commodities

China's copper imports fall 12.3% as weak economy restrains demand

August data from world's top consumer highlights headwind for global prices

10 September 2024
Alibaba converted its secondary listing in Hong Kong into a primary one to "tap into the southbound capital flows" from mainland China.
Markets

Alibaba jumps 5% in Stock Connect debut aimed at tapping China billions

E-tailer's shares outperform peers; some analysts question long-term impact

10 September 2024
Australia has one of the world's most online populations, with tech industry figures showing four-fifths of the nation's 26 million people are on social media.
Technology

Australia plans social media minimum age, angering youth digital advocates

Critics say ban could drive youngsters' online activity underground

10 September 2024
A Philippine coast guard vessel and a Chinese coast guard vessel sail next to each other during an incident in the South China Sea, in this screen grab obtained from a handout video released Aug. 19.
Opinion

Philippines needs robust response to China's Sabina Shoal threat

Strategic location is the latest flashpoint in the South China Sea

10 September 2024
A collapsed bridge over Vietnam's Red River has become emblematic of the destruction wrought by Typhoon Yagi.
Natural disasters

Yagi 'destroyed us:' Vietnam recovers from typhoon, fallen bridge

Death toll hits 63 as officials hunt for survivors, repair flooded factories

10 September 2024