PwC, one of the global Big Four accounting firms, is paying a heavy price for its relationship with defaulted Chinese property developer Evergrande.
China debt crunch

China slaps PwC with 6-month suspension over Evergrande audit

Accounting firm fined total of $62m, says it is 'disappointed' in mainland arm

13 September 2024
Ports-to-telecoms conglomerate Adani Group is chaired by its billionaire founder Gautam Adani, one of Asia's richest men.
Adani Group

India's Adani Group eyed in Swiss money-laundering case

Conglomerate blasts reports about case as 'preposterous, irrational and absurd'

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
The German navy replenishment ship Frankfurt am Main is pictured in Incheon, South Korea, on Sept. 6. 
Taiwan tensions

German navy makes rare transit of sensitive Taiwan Strait

First such move in two decades comes amid soaring Taipei-Beijing tensions

13 September 2024
The dollar-yen rate is shown on a screen at a trading desk in Tokyo on Sept. 13. (Photo by Yuji Murakami)
Currencies

Yen hits strongest level this year on speculation of big Fed rate cut

Japanese currency's surge comes just days after reaching previous high

13 September 2024
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Podcast: News Roundup

Sri Lankans vote after years of economic suffering

Tune in to Nikkei Asia's podcast, bringing the region's key news to global listeners

13 September 2024
Analysts say Tokyo Garden Terrace Kioicho, above, would be expected to fetch more than 300 billion yen if sold. (Photo by Hideki Yoshikawa)
Editor-in-Chief’s Picks

Letter from Nikkei Asia's editor: Japan Inc.'s treasure trove

Shin Nakayama shares his weekly reflections and recommendations

13 September 2024
A crowded shopping street in Seoul's Myeongdong district.
Opinion

Japan shouldn't care that South Korea has higher GDP per capita

Both countries have to learn from each other, and focus on quality of life and happiness

13 September 2024
Chinese Defense Minister Dong Jun delivers a keynote speech at the Beijing Xiangshan Forum on Sept. 13.
Defense

China's defense minister calls for military cooperation pacts

Dong Jun says big powers must lead on security, all have right to pursue interests

13 September 2024
Blackstone and ESR are eyeing the potential for rapid AI adoption in Japan. 
Technology

Blackstone and ESR race to develop AI data centers in Japan

Country's demographics expected to fuel massive demand for labor-saving tech

13 September 2024
Chinese companies like Huawei are betting big on foldable displays.
Technology

China's foldable phone rush to boost local display makers

Top 3 players set to have over 50% of folding display market this year: report

13 September 2024
An LDP presidential election poster featuring its party leaders, past and present. (Photo by Ryuto Imao)
13 September 2024
An electronic board shows stock indexes in Shanghai's financial district.
Markets

Foreign investors lukewarm on China stocks despite Fed rate cut buzz

Property worries persist, but some say worst is over for Chinese markets

13 September 2024
Bangladesh's national flag flies at half-mast at the Supreme Court in Dhaka. The country's judiciary is a key target of a major reforms push.
Bangladesh turmoil

Bangladesh pushes 'groundbreaking' reforms after Hasina exit

Overhaul of elections, judiciary and anti-graft agency among changes planned

13 September 2024
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Taiwan under Lai

Taiwan's opposition parties target judiciary in bruising political battle

Top judges accused of being DPP 'thugs'; lawyers fear for faith in rule of law

13 September 2024
Samsung Electronics union members shout slogans during a strike. South Korea is developing legislation to provide targeted support for workers who do not belong to labor unions.
Work

South Korea crafts legislation to support unorganized workers

Despite urgency, road to passage appears rocky amid political party divisions

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
Singaporean telecom company Singtel is pouring resources into new growth areas, such as IT systems and data centers, as its mainstay domestic business matures.
Telecommunication

Singtel pushes data centers, IT as mobile business matures

Shares at 4-year high as region's largest telecom company seeks growth

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
A Malaysia Airlines plane taxis to a gate at Kuching International Airport on June 3: The flagship airline is cutting flights to address operational problems. (Photo by Norman Goh)
Transportation

Malaysia Airlines hits roadblocks amid post-COVID recovery

Flagship carrier cuts 20% of capacity over incidents, aircraft delivery delays

13 September 2024
China sees renewable energy sources like solar as key to its energy security.
Energy

China drafts law on energy security, renewables amid U.S. tensions

Proposed law urges resource development to ensure steady supply in emergencies

13 September 2024
A Tatebayashi Moulding worker shapes a stamping die with a grinder: Under the ownership of BYD, the company is moving to implement new designs more quickly. (Photo by Suzu Takahashi)
Business Spotlight

Japanese auto parts makers scramble to prepare for EV shift

'No time to rest,' given lead time for phase out of gasoline-powered cars

13 September 2024
Macao's former top judge, Sam Hou-fai, announces his candidacy for chief executive on Aug. 28.
Politics

Macao's former top judge to run unopposed in leadership race

Sam Hou-fai nominated by 96% of voting committee

13 September 2024
Tokyo Gas has sold its interest in four liquefied natural gas projects as it shifts resources toward areas such as decarbonization.
Business deals

Japan companies reap nearly $56bn from 3 years divesting

Tokyo Gas, Eneos, Mitsubishi among the biggest seeking capital efficiency

13 September 2024