The Lexus LF-ZC, an EV set to be released in 2026, will use gigacasting for parts. (Photo by Yuki Nakao)
Electric vehicles

Toyota to test Tesla-style EV gigacasting machine at Japan plant

Automaker taps cutting-edge production process in bid to lower costs

21 August 2024
U.S. Vice President Kamala Harris arrives to hold a news conference in Paris in November 2021.
U.S. elections 2024

U.S. Democrats' foreign policy platform pivots back to Europe

Harris administration will likely seek to 'manage' China with trans-Atlantic partners

21 August 2024
Alimentation Couche-Tard has expanded its convenience store network in Canada under the brand name Couche-Tard.
Retail

Seven & i potential buyer Couche-Tard is skilled M&A tactician

Canadian company's buyout of Japanese 7-Eleven parent would be its biggest yet

21 August 2024
Taiwan Semiconductor Manufacturing Co. aims to start up the fabrication facility in Dresden by 2027.
Semiconductors

TSMC breaks ground on first Europe chip fab with eye on auto sector

Chipmaker scrambles for staff in Dresden to avoid delays in overseas expansion

21 August 2024
Cars are lined up at a Toyota Motor assembly plant in the Japanese city of Miyawaka. A vehicle's software can span over 200 million lines of code. (Photo by Toshiki Sasazu)
Cybersecurity

Toyota, Hitachi join Japan's automotive cybersecurity push

Over 100 companies eye rules on software inventories to deter attacks

21 August 2024
China's three state-owned telecom operators are gearing further towards higher dividend payments and lower capital expenditure. (Photo by Kenji Kawase)  
Telecommunication

China Telecom, China Mobile hike dividends under Beijing pressure

Payout ratios to go beyond 75% for state-owned telecos as need to invest recedes

21 August 2024
MUFG raised its stake in U.S. Bancorp last year, during turbulence following the collapse of Silicon Valley Bank. (Photo by Yuki Nakamura)
Finance

MUFG sheds $1bn in U.S. Bancorp shares

Japanese megabank will maintain smaller stake, bolster partnership

20 August 2024
Indian External Affairs Minister Subrahmanyam Jaishankar and Japanese Foreign Minister Yoko Kamikawa are part of a press conference in Tokyo during July.
Defense

Japan and India hold third '2-plus-2' security talks

Tokyo considers communications exports as top diplomats, defense ministers meet

20 August 2024
Malaysian Prime Minister Anwar Ibrahim (right) shakes hands with Indian Prime Minister Narendra Modi during a ceremonial reception inside India's Presidential Palace Rashtrapati Bhavan in New Delhi on Aug. 20. (Prime Minister's Office of Malaysia)
International relations

India and Malaysia to upgrade ties after talks on trade, defense

Leaders Modi and Anwar elevate relations to comprehensive strategic partnership

20 August 2024
Tesla Model 3 vehicles at its factory in Shanghai, China.
Electric vehicles

EU slashes planned tariff on Tesla's China-made EVs to 9%

New reduced rate is set lower than the 20.8% it had indicated in July

20 August 2024
A woman passes a closed gate at the R.G. Kar Medical College and Hospital in Kolkata on Aug. 19.
Crime

India sets up doctors' panel on workplace safety after rape, murder

Activists say trainee's killing highlights how women still suffer sexual violence

20 August 2024
Mitsubishi Electric says it has a 50% share in optical transmission chips used in data centers. (Photo by Nanami Sato) 
Semiconductors

Mitsubishi Electric to mass-produce next-gen optical chips in January

Company to boost production capacity by 50% on growing data center demand

20 August 2024
People view the newly unveiled Onvo L60 SUV, the first vehicle of Chinese electric vehicle (EV) maker Nio's new lower-priced brand, in Shanghai in May.
Opinion

China's EV makers can't follow Japan's 'flying geese' offshoring strategy

As domestic demand cools, automakers turn to exports but face protectionist headwinds

20 August 2024
U.S. President Joe Biden appears on stage with Democratic presidential candidate and Vice President Kamala Harris on the first day of the party's convention in Chicago on Aug. 19.
U.S. elections 2024

Trump and 'America First' left world in tatters, Biden says

At Democratic convention, president says choosing Harris as VP was his best decision

20 August 2024
South Korean and Mercedes-Benz officials conduct a joint examination on Aug. 8 of an electric car that caught fire at apartment complex in Incheon, South Korea.
Electric vehicles

Mercedes-Benz under pressure following South Korea EV blaze

Details of fire under investigation as residents call on company to make payout

20 August 2024
A Kaisa construction site in Shanghai in December 2021: Kaisa says 34% of one creditor group and 36% of another agreed to subscribe to newly issued senior notes and convertible bonds with later maturities.
China debt crunch

Distressed Chinese developer Kaisa gets breather from major creditors

Other players continue to scramble against winding-up petitions and mounting losses

20 August 2024
The nine Senate-approved judges of Thailand's Constitutional Court dismissed Prime Minister Srettha Thavisin with a 5-4 vote and no chance of appeal. (Screenshot from Constitutional Court of the Kingdom of Thailand's YouTube channel)
Turbulent Thailand

Thai court rules against elected politicians, not coup makers

Dismissed Srettha Thavisin only the latest in long list of political scalps

20 August 2024
FPT Japan’s new office in Mita, Tokyo. (Photo by Koji Nozawa)
Technology

Vietnam's FPT invests $200m to launch AI services in Japan, other places

Firm to start cloud ops with Nvidia GPU, expand personnel to 5,000 by 2025

20 August 2024
Analysts and investors will be looking for signs of easing in U.S. Federal Reserve Chair Jerome Powell's speech at the central bank's research symposium at Jackson Hole, Wyoming. 
Currencies

Malaysia, Singapore currencies rise on tight policies before Jackson Hole

South Korea and Taiwan's currencies slump, reflecting U.S. recession risk

20 August 2024
Indonesia's President-elect Prabowo Subianto greets Australia's Prime Minister Anthony Albanese ahead of a meeting at Parliament House in Canberra, on Aug. 20. (AAP Image via Reuters)
Defense

Australia and Indonesia seal treaty-level defense pact

Agreement allows militaries to operate from each other's countries

20 August 2024
The election commission of Japan's ruling Liberal Democratic Party's met on Aug. 20 to set the date for a leadership vote.
Japan's leadership race

Japan's ruling party to vote on Kishida successor on Sept. 27

Range of candidates expected to vie for LDP top job, with winner taking reins as PM

20 August 2024
Black Myth: Wukong, which one analyst called China's "first full-fledged game" for consoles, was developed by Tencent-backed Hangzhou startup Game Science.
Media & Entertainment

Black Myth: Wukong hits PS5s and PCs in Chinese industry 'milestone'

One of this year's hottest console games raises hopes for sector's development

20 August 2024
Indian Prime Minister Narendra Modi, left, and Chinese President Xi Jinping meet on the sidelines of the G20 summit in Osaka in 2019.
Economy

India economic report card triggers debate over China investment

Influential annual review encourages Delhi to loosen FDI rules to boost growth

20 August 2024
TSMC's Kumamoto plant: The Taiwanese contract chipmaker has pledged to recycle 75% of the water it consumes at its new factory in the prefecture. (Photo by Mizuho Miyazaki)
Technology

Water pressure: TSMC, others tackle groundwater worries in Kumamoto

Farmers look to partnerships with companies to protect vital resource

20 August 2024
Myanmar consumers are struggling to access daily necessities like rice and palm oil. (Photo by Nikkei)
Myanmar Crisis

Myanmar's growing price controls deepen economic woes

Response to inflation and weakening kyat backfires as private sector pulls back

20 August 2024