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June 27th, 2019

One country, two systems, zero trust?

How businesses’ faith in Hong Kong’s special status is being shaken

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The Big Story

Two systems, zero trust? Hong Kong's extradition row risks business exodus

Companies and investors probe alternatives as China's grip tightens

Business has flourished in Hong Kong, but the move to amend extradition laws has raised concerns about the city-state's vaunted independent legal system. (Photo by Kosaku Mimura)
Hong Kong protesters wave the Taiwanese flag at a protest on July 4. (Photo by Kosaku Mimura)
The Big Story

'Today, Hong Kong; tomorrow, Taiwan:' Resistance to China spreads

Taiwan political race now turns against pro-Beijing Kuomintang

Mitsubishi Aircraft originally expected to spend 150 billion yen to develop its regional jet, but as of last year it had poured in 600 billion yen. 
Company in focus

Mitsubishi hopes global ambitions will fly with revamped jet

Bombardier talks bring delay-plagued project to a 'turning point'

Casino operators are spending billions to expand and diversify their attractions. (Photo by Manda Yeung)
Business trends

Asia's casinos bet $65bn on expansion despite China slowdown

Dependence on Chinese players raises doubts about payback

Customers enter a Carrefour supermarket in Shanghai. Carrefour, France's main supermarket group, will sell its China operations to Suning for roughly $700 million.
Business deals

China retail steps into data-driven future with Carrefour sale

Once powerful foreign players sidelined as customer information becomes weapon

China has been the production base on which Apple's global success has been built. (Nikkei Montage / Reuters)
Trade war

Apple weighs 15%-30% capacity shift out of China amid trade war

Tech giant asks suppliers to review costs in Southeast Asia and Mexico

Foxconn's Terry Gou speaks during a press conference on June 21 in New Taipei, Taiwan. (Photo by Ken Kobayashi)
Companies

Foxconn's Terry Gou bids farewell to shareholders as chairman

Tycoon turns to politics, but his influence over tech empire remains

The Alibaba group logo is seen at an event in Paris.
Companies

Alibaba plans one-to-eight stock split ahead of Hong Kong debut

E-retailer wants to lower NYSE share price to draw investors for $20bn listing

A customer buys a can of Want Want Hot Kid Milk at a supermarket in Haian County in China's Jiangsu Province.
Nikkei Markets

Want Want seeks global expansion in search of topline growth

Food & beverage maker earns more than 90% of its revenue in China at present

Top Glove says short-term volatility in rubber prices is "to be expected."
Companies

Top Glove rebounds after weak earnings hammer stock

Analysts upbeat on future earnings prospects as glove maker raises selling price

The recent mass protests in Hong Kong have highlighted China's strengthening grip, while also bringing hope to people struggling for freedom elsewhere. (© Nikkei montage/Source photos by Getty Images and Reuters)
Asia Insight

Asia's fragile democracies struggle to tame illiberal forces

Vibrant elections across region mask a lack of checks and balances

Kazakhstan's then-interim President Kassym-Jomart Tokayev takes the oath of office during a ceremony in a joint session of parliament in Nur-Sultan on March 20. 
Politics

New Kazakh president under pressure as youths demand reform

Nation elects first non-Soviet president, but Nazarbayev still holds reins

A person uses her cellphone to photo the procession by thousands of devotees to celebrate the feast day of the Child Jesus in Manila, Philippines. A consortium led by the parent of China Telecom has been granted a license to run the Philippines' third telecom network.  
Companies

Philippines hoists cyber shield against China Telecom

Chinese-led consortium under close watch for online threats, regulator says

The Bank of Japan kept its monetary policy unchanged on June 20 despite easing signals from the U.S. and European central banks. (Photo by Wataru Ito)
Economy

BOJ's Kuroda says extra stimulus an option to boost inflation

Japan's central bank stands pat as economy is losing momentum

Opposition parties have attacked the Pakistani government over rising prices for consumer goods as the rupee has depreciated.
Economy

Pakistan central bank's ability to stabilize rupee questioned

Currency expected to slide further with IMF rescue

The U.S. hosts tens of thousands of Chinese students, but a recent clampdown on visas, which many observers attribute to the trade war, has some considering other options.
Trade war

Chinese students become pawns in trade war

Tighter US visa restrictions have people looking at Hong Kong and elsewhere

Thailand Prime Minister Prayuth Chan-ocha gestures during a press conference following the Association of Southeast Asian Nations opening ceremony in Bangkok on June 23.
International relations

ASEAN seeks to steer middle path between US and China

Southeast Asian leaders come up with their own Indo-Pacific strategy

India's college graduates struggle to find jobs as unemployment hits a 45-year high.
Economy

India's educated youth suffer as jobless rate hits 45-year high

Modi pledges to create 50,000 more startups by 2024

The Northern Sea route could cut journey times from east Asia to Europe by 40% over the passage through the Suez Canal. 
Opinion

Nordic nations can stand up to China in the Arctic

Cooperation with Russia boosts Beijing's position but West has key cards to play

Nidec's legendary founder, chairman and CEO Shigenobu Nagamori is known as an M&A maestro. (Photo by Toshiki Sasazu)
Opinion

Time for M&A to rationalize corporate Japan

Hardheaded post-bubble managers can make tough decisions that predecessors shirked

An employee takes a nap inside the headquarters of Alibaba Group Holding: leading companies in China have kept their startup cultures.
Opinion

How China's tech companies can keep staff working '996'

Employees made to feel like co-founders are willing to embrace long hours

Chinese President Xi Jinping, left, and North Korean leader Kim Jong Un played up their close relationship at their recent summit in Pyongyang.
The Nikkei View

Xi-Kim talks must make progress on a nuclear-free North Korea

China and Russia should use their sway in Pyongyang to promote regional stability

Stream article image
Life

Meet Hong Kong's crime-fighting canines

At the police-dog training center, puppies are prepared for a life of sniffing and searching

Afghanistan's Gulbadin Naib in action in the team's Cricket World Cup match against England in Manchester, the U.K., on June 18
Tea Leaves

Afghanistan's 'can-do' journey from civil war to green oval

Country's rise in world cricket ranks lifts national pride