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April 27th, 2023

India Inc. under scrutiny

Adani crisis puts winner-take-all economy on trial

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The Big Story

Adani crisis puts India's winner-take-all economy on trial

Under new scrutiny as election nears, India Inc. pulls back on new investments

Top to bottom: Mukesh Ambani, chairman of Reliance Industries; Gautam Adani, chairman of the Adani Group; and Ratan Tata, former chair of the Tata Group. India Inc.'s top players were spooked by a fall in Adani's share price following an explosive short-seller report in January.
Many international students are drawn to universities in emerging countries due to lower tuitions and expanding job opportunities.
Datawatch

Foreign students flock to Global South for jobs, low fees

Overseas applicants rise sharply at universities in Argentina, Turkey, India

U.S. President Joe Biden tours a General Motors EV assembly plant in Detroit in 2021: Washington has embraced active industrial development with vigor.
Opinion

U.S. and EU embrace of industrial policy puts Asia at risk

Drives to revive domestic manufacturing will have economic and political effects

A CPTPP roundtable in London in 2020: Negotiations for the U.K.'s accession to the agreement took 21 months. (Photo courtesy of the U.K. Prime Minister's Office)
Opinion

CPTPP members now have to figure out what to do about China

Lessons from U.K. accession set ground for dealing with Beijing and Taipei

Chinese demand for dining out and other services recovered in the January-March period, but spending on expensive goods like automobiles has been weak. (Photo by Iori Kawate)
The Nikkei View

China's Xi must avoid another policy-induced recession

Zero-COVID pain fading, but hard-line foreign policy threatens growth

The challenge for Hong Kong going forward is to maintain its ease of doing business without compromising its reputation as a responsible trading partner.
Business Spotlight

How business-friendly Hong Kong became a hub of Russian chip trade

Ease of setting up companies makes dodging sanctions easier, experts say

Meta and Google are both rushing to develop artificial intelligence tools in a battle for regional clout amid a rush for ChatGPT-style AI applications.
Technology

Google, Meta lift AI stakes in Asia amid ChatGPT hype

Facebook parent taps emerging tech for region's 'next billion users'

Toyota CEO Koji Sato speaks to reporters at a recent joint interview by news organizations.
Automobiles

Toyota CEO Sato pledges to cut CO2 'more than half' by 2035

Automaker will look at local needs in 'multi-pathway' approach to decarbonization

Singapore-based Grab is the leader in food delivery in Southeast Asia where it operates in 500 cities. (Source photos by AP and Reuters)
Technology

Southeast Asia taxi, food delivery companies eye tourism windfall

Foodpanda partners with Tada, while Grab expands ties with Asian superapps

Outreach efforts toward developing nations cannot be easily separated from the politics of power, with countries such as Japan and India vying for prominence with China.
Asia Insight

India pushes 'Global South' goals on to G-20 agenda

Grouping of less industrialized countries remains loosely defined

Malaysian Prime Minister Anwar Ibrahim reviews an honor guard during a welcome ceremony at the government house in Bangkok on Feb 9. 
Economy

Asian Monetary Fund idea revived amid U.S.-China row

Malaysia's Anwar cites need to make ASEAN less dependent on IMF, dollar

Many economic migrants congregate at Longhua Station in Shenzhen on April 1 in hopes of finding work. (Photo by Iori Kawate)
Economy

In China's Shenzhen the migrants are back, the jobs aren't

Local government offers temporary lodging to some, but anxiety is growing

Japanese author Haruki Murakami felt the time had come to transform his original short story into a full-length novel.
Interview

Murakami on new book: 'Time came for rewrite' of 1980 story

'The City and Its Uncertain Walls' is Japanese author's first novel in six years

A passenger takes in the evening view from the deck of a yakatabune pleasure boat sailing on Tokyo's Sumida River.
Tea Leaves

Touring Tokyo by water, from past to future

A boat trip provides fresh views and thoughts on the changing Japanese metropolis