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November 29th, 2018

After Ghosn

Nissan and Renault wrestle for control of their shared auto empire

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The Big Story

After Ghosn, auto alliance faces uncertain future

Tensions between Renault and Nissan burst into open

The sudden and dramatic downfall of Carlos Ghosn has shocked the global business community. (Original photo of Ghosn by Reuters)
A photographer sits outside the Tokyo Detention House where Carlos Ghosn is being held. 
The Big Story

Ghosn scandal puts spotlight on Japan's judicial system

French media and former Japanese prosecutor slam "irrational" treatment of executive

Children take sushi dishes from a conveyor belt at a Sushiro restaurant near Tokyo's Ogikubo station (photo by Ken Kobayashi)
Business trends

Japanese restaurants embrace robots as labor crunch bites

From sushi to tempura, local delicacies are increasingly made by machines

China is the world's largest gaming market and the second-largest for monetized esports.
Business trends

Asia's esports scene spawns raft of new businesses

From Singapore to Chengdu, companies edge in on a billion-dollar global market

The Taiwanese chipmaker's production lines are among the most advanced in the industry. (Photo courtesy of TSMC)
Companies

TSMC to challenge Intel data center dominance with IBM win

Taiwanese chipmaker hopes to wean itself off Apple and smartphones

Aluminum prices have shot up in the U.S., while other countries have seen ingot prices dip.
Economy

Trump's aluminum tariffs push metal's price down in Asia

Supply-demand balance eases in region while Americans feel sting of trade war

A sign shows the way to the Rio Tinto-owned Rossing Uranium Mine in the Namib Desert. 
Business deals

Rio Tinto sells African uranium mine to China

Deal paves way for shutting down money-losing uranium business

Foxconn Chairman Terry Gou is well-known for eliminating costs and his longer-term goal is to reduce head count in a shift toward automation.
Business trends

Foxconn steps up job cuts amid soft iPhone demand

Key supplier Career also reduces contractors to reflect tough outlook

Commuters in Ho Chi Minh City. South Korean banks are keen to expand their presence in Vietnam and its enormous economic growth potential. (Photo by Ken Kobayashi)
Business trends

South Korean banks race into Vietnam, drawn by deregulation

KEB Hana tipped to buy BIDV stake, while Shinhan surpasses HSBC as top foreign bank

Richard Liu was taken into custody in early September on suspicion of rape in the U.S., but was released the next day.
Companies

JD.com chief withdraws from day-to-day duties after arrest

Richard Liu says he will shift his focus to 'new businesses'

 ComfortDelGro has seen profits shrink with the proliferation of ride-hailing apps such as Grab. (Photo by Keiichiro Asahara)
Business trends

Slumping Singapore taxi operator chases mobility trend

ComfortDelGro launches $100m venture fund as it plays catch up to mobility apps

Dr. Reddy's Laboratories and other Indian pharmaceutical companies are grappling with stifling competition and falling prices in the U.S.
Companies

Dr. Reddy's wins US court respite for generic Suboxone sale

Indian drugmaker aims to soon revive launch activities for drug addiction treatment

© Illustration by Ailsa Johnson
Asia Insight

Asia's overstretched airports brace for 4bn flyers

Passenger count far outpaces construction but new tech offers hope

Opposition Kuomintang candidate Han Kuo-yu won in the Democratic Progressive Party's stronghold of Kaohsiung. He plans to create a team dedicated to cross-strait exchanges.
Politics

Pro-China forces in Taiwan buoyed by ruling party's poll drubbing

President Tsai Ing-wen steps down as DPP leader after series of midterm losses

Former South Korean "comfort women" attend an anti-Japan rally in March 2017. Many South Koreans think the 2015 agreement with Japan did not do enough for the surviving women.
International relations

Tokyo and Seoul drift further as 'comfort women' foundation dies

Historical grievances haunt bilateral relations as 2015 agreement breaks down

Myanmar State Counselor Aung San Suu Kyi visited Tokyo in October to promote foreign investment in the Southeast Asian country.
Economy

Myanmar tries to jump-start policy with new economic team

Foreign investors play waiting game two years into Suu Kyi administration

Workers inside a Korean-owned garment factory in Yangon, Myanmar's commercial capital (Photo by Simon Roughneen)
Economy

Myanmar tops poor nations' FDI league as China cash flows in

Cambodia and Bangladesh make top five of the global economy's lowest tier

Dark economic clouds hang over Southeast Asia as trade war bites into growth
Trade war

Trade war stings Southeast Asia's export economies

Average growth of ASEAN-5 nations fell to 4.5% in 3Q from 5.5% a year before

European Central Bank policymaker Francois Villeroy de Galhau warned that the economic consequences of the U.S.-China trade war were being "underestimated." (Photo by Tatsuhiro Shudo)
Economy

Trade war fallout 'underestimated,' warns ECB's Villeroy

French central bank chief cites increased market volatility as warning signal

Heng Swee Keat is set to be the front-runner to become Singapore's next prime minister. 
Politics

Singapore finance minister leads PM race after getting key party post

City-state's leadership transition advances, but Heng Swee Keat faces mounting challenges

Samsung BioLogics, the biotechnology arm of South Korean conglomerate Samsung, faces a criminal investigation over its $2 billion IPO in November 2016.
Opinion

Ill-timed scandal for the 'Republic of Samsung'

BioLogics case highlights wider problems for Korea Inc and president Moon

For ASEAN to mature and function more like a true economic union, it must tackle tricky issues like migration.
Opinion

Migration -- the forgotten part of ASEAN integration

Time for Southeast Asian states to develop better rules and practices to protect migrants

India is a big market for smartphones and other electronics, but the share of domestic products remains low.
Opinion

The right way to boost Indian electronics

Stop manipulating import duties and instead modernize rules, skills and infrastructure

Oversight at Nissan was made more difficult by the fact that Carlos Ghosn wielded so much power as its chairman. 
The Nikkei View

Greed drove Nissan's Ghosn into a trap

Despite his fall, the charismatic executive provided many valuable lessons in leadership

(Photo by Jesse Chehak)
Arts

Ai Weiwei, the soft-spoken provocateur

The Chinese artist on confrontation, 'America First' and the importance of change

Akari lights on display in Ozeki’s Gifu showroom (Photo by Kohei Take)
Life

A glowing success

How a lantern maker and a sculptor created an icon with paper and bamboo

A leopard walks at Yala National Park in southern Sri Lanka.
Tea Leaves

Time to lionize Asian leopard

Sri Lanka is a bright spot but the 'big cat' is in continent-wide decline