Credit Saison, ADB to partner on loans for Asia’s small businesses
Economy

Credit Saison, ADB to partner on loans for Asia’s small businesses

Japanese financial services company to leverage expertise gained in India operations The ADB also participated in a syndicated loan announced by Credit Saison's Indian subsidiary in May. (Source photos by Nikkei) TOKYO -- Japanese financial services provider Credit Saison will work with the Asian Development Bank to expand lending to small and midsize businesses across Asia, using models and experience gained in India to develop an earnings stream in other emerging markets.

Gen Z and AI are changing the world of video games
Economy

Gen Z and AI are changing the world of video games

Games will be less expensive to make but the jury is out on how they will be played A boy uses his iPad to play Roblox at his house in Jakarta, Indonesia, on March 12. The future of virtual play appears to be shared, mobile-first and quite possibly AI-assisted. © Reuters

Japan manufacturers lift profit outlooks on price hikes, weak yen
Economy

Japan manufacturers lift profit outlooks on price hikes, weak yen

Toyota, Komatsu among those benefiting from foreign-exchange trends and US growth Japan's heavy machinery makers have benefited from data center construction projects in the U.S. (Photo by Nikkei) TOKYO -- Japan's listed manufacturers are delivering strong earnings growth, with nearly half raising net profit forecasts for the fiscal year ending March 2027.

Indonesia’s art deco hot spot, a century on
Economy

Indonesia’s art deco hot spot, a century on

Villa Isola, designed by Java-born Dutch architect C.P. Schoemaker and completed in 1933, is one of Bandung's architectural landmarks. The Indonesian city boasts a rich collection of art deco and modernist buildings, though development pressures threaten parts of that heritage. (Photo by Oliver Raw) Exploring Bandung, the would-be capital of the Dutch East Indies BANDUNG, Indonesia -- Bandung, the so-called Paris of Java, lies about 150 kilometers east of Jakarta, a distance that translates to a dizzying 30-minute ride on Indonesia's first high-speed rail link, plus a 10-minute journey to the city center on a local train. At over 750 meters above sea level, the city feels almost balmy compared with the stodgy heat of the capital.

Japan tourism industry steps up push to draw Indian visitors
Economy

Japan tourism industry steps up push to draw Indian visitors

Hotels and operators offer tailored services as spending surged 39% in 2025 An Indian couple visiting Japan enjoy watching a deer on the island of Miyajima in Hiroshima prefecture, on Nov. 5 (Photo by Yuki Kohara) TOKYO/HIROSHIMA, Japan -- Japanese hotels and travel agencies are expanding services tailored for Indian tourists, including meal options and activities, as visitor numbers and spending grow rapidly.

Grab rival Tada joins Singapore’s self-driving minibus project
Economy

Grab rival Tada joins Singapore’s self-driving minibus project

Trial period begins in early 2027 using vehicles developed by China's WeRide An autonomous minibus to be introduced on Singapore's Sentosa island is displayed during a media preview in the city-state on Oct. 29. (Photo by Mayuko Tani) SINGAPORE -- Singapore ride-hailing company Tada Mobility has taken part in a self-driving minibus project that will launch early next year on the country's resort island of Sentosa, joining rivals such as Grab in moving into autonomous vehicle services.

What the Democratic sweep means for Trump’s tariffs and AI
Economy

What the Democratic sweep means for Trump’s tariffs and AI

Voter anger over living costs could bring new scrutiny to U.S. trade policy and the rapid expansion of data centers WASHINGTON/NEW YORK -- Democrats swept the U.S. midterm elections, winning control of both the House and Senate after voters delivered a major setback to President Donald Trump's Republican Party. Now attention is turning to what that shift could mean for Trump's economic agenda. A Democratic-controlled Congress could bring greater scrutiny of tariffs and trade deals, while voter opposition to data center development could slow the expansion of AI infrastructure in the U.S. Nikkei Asia's U.S. correspondents break down the election results and what comes next for tariffs, trade, agriculture and AI, as well as the potential repercussions for Asian economies and companies.

China US$300 dating app ‘marriage-or-refund’ guarantee sparks intense online buzz
Business

China US$300 dating app ‘marriage-or-refund’ guarantee sparks intense online buzz

In China’s competitive dating market, a new matchmaking start-up is staking its revenue on a bold wager: find true love, or get every penny back. Launched in July, Liangpei AI charges an annual membership fee of 2,000 yuan (US$300), which is fully refundable if a user remains unmarried after three years. The offer is an audacious challenge to a conventional business model built on keeping singles hooked. China’s online dating market reached 22.6 billion yuan (US$3.4 billion) in 2024, serving...

Unitree’s Wang Xingxing Calls Security Robots a Coming Growth Area, Citing Overseas Demand
Technology

Unitree’s Wang Xingxing Calls Security Robots a Coming Growth Area, Citing Overseas Demand

Unitree's Wang Xingxing said security robots could be the next growth area, citing strong overseas demand, while conceding humanoids are not yet in large-scale use.

Tencent Upgrades WorkRally With Three Video Models and Expands Beyond Animated Short Dramas
Technology

Tencent Upgrades WorkRally With Three Video Models and Expands Beyond Animated Short Dramas

Tencent's WorkRally adds Rally-Video, a local-edit model and an upscaler it says is 80% faster, plus script and editing tools, widening its focus beyond animated dramas.

X-Humanoid Releases Hi-WBC Whole-Body Control Model for Tiangong Humanoid Robots
Technology

X-Humanoid Releases Hi-WBC Whole-Body Control Model for Tiangong Humanoid Robots

X-Humanoid's Hi-WBC model blends human motion references with force sensing and terrain perception; the company showed it in sports-event and room-tidying demos.

Huawei Ascend Adapts Kimi K3.1 Pro for LoRA Fine-Tuning on a 128-Card Atlas 950 SuperPoD
Technology

Huawei Ascend Adapts Kimi K3.1 Pro for LoRA Fine-Tuning on a 128-Card Atlas 950 SuperPoD

Ascend says it validated LoRA fine-tuning of the 2.8-trillion-parameter Kimi K3.1 Pro on a 128-card Atlas 950 SuperPoD, citing a 15% average gain from Swap Core caching.

Hong Kong must show real remorse for the Tai Po fire tragedy
Business

Hong Kong must show real remorse for the Tai Po fire tragedy

When Chief Executive John Lee Ka-chiu and seven principal officials bowed deeply before the cameras on October 29, Hong Kong witnessed something rare: a collective government apology. It came 11 months after the Wang Fuk Court fire claimed 168 lives and uprooted 1,984 households. A minister has resigned. Many reforms have been promised. Yet public reaction remains divided. That division reveals what people expect an apology to achieve, and how differently they understand political...

Hong Kong firefighters get HK$8.4 million tracking upgrade after Tai Po fire
Business

Hong Kong firefighters get HK$8.4 million tracking upgrade after Tai Po fire

Some 2,000 Hong Kong firefighters have been issued upgraded tracking devices after an independent inquiry into last year’s deadly Tai Po fire exposed technical limitations in the previous system, the South China Morning Post has learned. The Fire Services Department spent HK$8.4 million (US$1.1 million) on the new Firefighter Tracking Devices (FTDs), which cost more than HK$4,000 each, to help find personnel in distress more effectively. The November 1 roll-out came about a year after the Wang...

Japan rethinks its stalking laws after Pokemon store murder
Business

Japan rethinks its stalking laws after Pokemon store murder

Long before Moe Harukawa was killed, she lived in fear. The 21-year-old shop assistant had reported her ex-boyfriend to police and a court had ordered him to stay away from her. Yet weeks later, Taiki Hirokawa, 26, walked into Harukawa’s workplace – a packed Pokemon store in Tokyo’s Ikebukuro district – and stabbed her repeatedly in the neck and torso before turning the knife he was carrying on himself. Both later died in hospital. Harukawa’s gruesome murder in March at the hands of a man who...

Grief in China as rare snow leopard cub Ling Xiaohan loses 26-day fight for life
Business

Grief in China as rare snow leopard cub Ling Xiaohan loses 26-day fight for life

Millions of Chinese internet users grieved after beloved snow leopard cub Ling Xiaohan died last Sunday, following 26 days of medical treatment after he was found weak, injured and unable to move in the Qinghai Lake reserve on the Qinghai-Tibet Plateau. Despite intensive treatment efforts, the five-month-old cub died from complications arising from a severe brain injury, the cause of which is unknown, according to a statement by the Qinghai Wildlife Rescue and Breeding Centre. “The centre deeply...

Beijing’s latest property stimulus falls short in lower-tier-cities
Markets

Beijing’s latest property stimulus falls short in lower-tier-cities

Beijing’s latest property stimulus package has failed to stop a downward spiral in home transactions and prices in mainland China’s lower-tier cities, which could prompt top regulators to roll out stronger incentives to reinvigorate the weak market. According to data compiled by the China Real Estate Index System (CREIS), prices in the country’s third- and fourth-tier cities dropped 2 per cent year on year in October for new homes, while prices of lived-in residential units slumped 6.5 per...

In Malaysia, a shadow trade in DIY weight-loss jabs takes hold
Business

In Malaysia, a shadow trade in DIY weight-loss jabs takes hold

When her prescription for Mounjaro became too expensive, Bey* did what a growing number of Malaysians are doing: she found a cheaper vial online. The 34-year-old from Kuala Lumpur started on the weight-loss drug about a year ago and hasn’t looked back since. “I didn’t feel like eating, I didn’t feel hungry,” she said, recalling flying to Jakarta for a “food trip” recently during which she barely ate. Reviews on Threads and TikTok led her to online sellers offering “tirzepatide”, Mounjaro’s...

Want to fly to the moon? Nasa is looking for new astronauts for the Artemis programme
Business

Want to fly to the moon? Nasa is looking for new astronauts for the Artemis programme

Want to fly to the moon and help build a permanent lunar base? Nasa is accepting applications for a new astronaut class that will help grow the Artemis programme. Officials announced the news on Saturday during a Kennedy Space Centre air show promoting lunar exploration as well as advances in aviation and technology. Nasa’s last call for new astronauts was two years ago. More than 8,000 applied, with 10 making the final cut in September 2025. With only 32 active astronauts, the space agency...

In China’s fierce race for success, mental health struggles are starting earlier
Business

In China’s fierce race for success, mental health struggles are starting earlier

Moon Chen stared down at her textbook, struggling to make sense of the words on the page. The 15-year-old felt a suffocating weight press into her chest, while her heart fluttered erratically. Chen’s mother rushed her to a cardiologist – only to be told that she should see a psychiatrist instead. Chen, now in higher secondary school in the southwestern Chinese city of Chongqing, vividly recalls the period before she was diagnosed with depression and anxiety. At the time, she did not know that...

Israel’s president taps Eisenkot to form government, in setback for Netanyahu
Business

Israel’s president taps Eisenkot to form government, in setback for Netanyahu

Israel’s president announced on Saturday he would task Gadi Eisenkot with forming the next government following last week’s election, in what Netanyahu’s rivals see as a first step to remove the country’s longest-serving prime minister. The opposition bloc led by Eisenkot, a former military chief and political newcomer who has tried to appeal to secular and liberal Israelis, has opened the door to a once improbable alliance with ultra-Orthodox Jews, which could give it the numbers to form a...

Trump asks UFC chief Dana White to be his new press secretary: ‘please take the job’
Business

Trump asks UFC chief Dana White to be his new press secretary: ‘please take the job’

Facing an incoming Democratic Congress, US President Donald Trump struck a combative tone on Saturday, offering friend and “violent fighter” Dana White the White House press secretary job and ordering the Justice Department to investigate his opponents. Democrats handed Trump’s Republicans a blowout defeat in midterm elections this week and will take control of both chambers of Congress in January. They are promising robust investigations of Trump and his administration. Trump, however, showed...

Clashes in Paris after new French protests
Business

Clashes in Paris after new French protests

Thousands of people protested across France on Saturday in a new show of anger against the government with clashes erupting between police and some protesters in Paris despite a lower turnout than in previous weeks. The protests marked the fourth consecutive weekend of demonstrations against the rising cost of living which have erupted as the country heads to presidential elections in five months’ time where the far-right sees its best chance yet to win power. A total of 146,000 people took part...

Gunman ‘fascinated by far-right’ kills 6 in Krakow, Poland
Business

Gunman ‘fascinated by far-right’ kills 6 in Krakow, Poland

Six people were killed and at least 15 wounded on Saturday when a gunman opened fire in the landmark historic centre of Poland’s second city of Krakow, in the country’s deadliest shooting in decades. Three bodies – of two women and a man – were later found at the suspect’s home, Polish Prime Minister Donald Tusk said, adding there was “much to suggest that they are members of the [suspect’s] immediate family”. Tusk also announced Poland would hold two days of mourning over the shooting that he...

Woman hurt in flat fire suspected to have been caused by aromatherapy items
Business

Woman hurt in flat fire suspected to have been caused by aromatherapy items

Hong Kong firefighters have rescued a 67-year-old woman from a flat in Tin Shui Wai after a blaze broke out, prompting about 100 people to flee. A preliminary investigation suggested aromatherapy items ignited objects in the flat. Police said officers were alerted at 5.39pm on Saturday after smoke was seen billowing from a flat at Locwood Court in the Kingswood Villas private estate. Firefighters forced entry into the flat, where they found the woman, and extinguished the fire, police said. The...

Guatemalan lawmaker, 3 police officers killed in armed attack
Business

Guatemalan lawmaker, 3 police officers killed in armed attack

A Guatemalan ⁠lawmaker and three ⁠police officers were ⁠killed in an armed attack in the eastern department of Zacapa, President Bernardo Arevalo said, condemning the violence and ordering security forces to ‌help identify those responsible. Lawmaker Julio Cesar Portillo Paz was attacked on Friday in Rio Hondo, Zacapa, and initially taken to a hospital with serious injuries. His death was later confirmed by the ⁠National Unity of Hope party, or UNE, to which he ‌belonged. Arevalo said the three...

Prep schools help Chinese students get into Japan’s top universities
Economy

Prep schools help Chinese students get into Japan’s top universities

Coach Academy boasts 50-plus University of Tokyo admissions in 2026 cycle Students at Coach Academy prepare for Japan's common national entrance examination. (Photo by Aiko Fukuma) TOKYO -- As more students from China aim to enroll at Japan's most selective universities, they are getting support from academies that specialize in test preparation.

Prospect of ‘modern-day Yalta’ shakes Asia’s postwar order
Economy

Prospect of ‘modern-day Yalta’ shakes Asia’s postwar order

Russia gets closer to ASEAN; summit between US, China envisioned There may be a three-way summit between Chinese President Xi Jinping, U.S. President Donald Trump and Russian President Vladimir Putin on the sidelines of the Asia-Pacific Economic Cooperation summit in Shenzhen on Nov. 18 to 19. © Reuters TOKYO -- Asia will take center stage for summit diplomacy in November, as U.S. President Donald Trump arrives in Asia dealing with the fallout of the U.S. midterm elections.

New Zealand’s knife-edge election puts coalition talks in focus
Economy

New Zealand’s knife-edge election puts coalition talks in focus

National and its partners are projected to win 67 of 130 seats, before special vote count Christopher Luxon, leader of the National Party, gestures as he stands on stage with his wife Amanda and his daughter Olivia at an election party in Auckland, New Zealand, on Nov. 7. © Reuters AUCKLAND -- New Zealand's ruling center-right National Party appears set to win the most seats in parliament following a tight general election on Saturday, but the composition of the next government will now depend on coalition talks.

Astellas employee jailed in China on spy charge set for December release
Economy

Astellas employee jailed in China on spy charge set for December release

Japanese national served three-and-a-half-year term after reportedly taking plea China enacted changes to its espionage law in 2023 that broadened the range of activities subject to investigation. (Photo by Tomoki Mera) TOKYO -- A Japanese executive of Astellas Pharma imprisoned in China on espionage charges is expected to be released in mid-December after completing his sentence and immediately deported, a source familiar with Japan-China relations said Saturday.

History repeats in Shenzhen? China hosts another lame-duck US president
Business

History repeats in Shenzhen? China hosts another lame-duck US president

A decade after hosting a politically hobbled Barack Obama at a Group of 20 (G20) summit in Hangzhou, China is preparing to welcome another “lame-duck” US president for a multilateral gathering: Donald Trump. Following the Republicans’ loss of both chambers of the US Congress in the midterm elections on Tuesday – a drubbing that reached deep into historically red states – Trump is expected to meet Chinese President Xi Jinping in two weeks on the sidelines of the Asia-Pacific Economic Cooperation...

Tarmo Peltokoski begins HK Phil tenure with Mahler’s monumental Symphony No 8
Business

Tarmo Peltokoski begins HK Phil tenure with Mahler’s monumental Symphony No 8

Gustav Mahler’s rarely performed Symphony No 8, a work requiring such a large orchestra and choir it is known as “Symphony of a Thousand”, finally received its Hong Kong Philharmonic Orchestra premiere on Saturday, heralding an ambitious new chapter as the 26-year-old Finnish conductor Tarmo Peltokoski officially took the podium as music director. The 5pm performance at the Hong Kong Cultural Centre involved nearly 600 musicians and singers from six choirs: the Hong Kong Philharmonic Chorus; the...

Robotaxis are taking over China’s cities. What are they actually like to ride?
Innovation

Robotaxis are taking over China’s cities. What are they actually like to ride?

The driver’s seat was empty and the steering wheel was turning on its own. Sitting in the back of a Pony.ai robotaxi in Shenzhen, I felt a flicker of nervousness. But as the car glided into traffic, the initial unease gave way to an appreciation of something far less futuristic: the blissful absence of small talk with the driver. My test rides in two of China’s major tech hubs – with Pony.ai in Shenzhen and Baidu’s Apollo Go in Beijing – offered a first-hand experience of how autonomous vehicles...

China vows ‘zero tolerance’ for election meddling ahead of 21st party congress
Business

China vows ‘zero tolerance’ for election meddling ahead of 21st party congress

China’s ruling Communist Party has warned of “zero tolerance” for bribery and other attempts at election interference as delegate selection begins for next year’s national congress, which is expected to feature a major leadership reshuffle. The party issued guidelines on selecting the delegates, a process that would be overseen by its Organisation Department, state news agency Xinhua reported on Saturday. The 21st national party congress, to be held in the second half of next year, will select a...

New Zealand election first count ends with 2 main parties nearly deadlocked
Business

New Zealand election first count ends with 2 main parties nearly deadlocked

New Zealand’s ruling centre-right National Party and main opposition Labour were nearly deadlocked in the popular vote after initial counting in the nationwide general election on Saturday. Results from the Electoral Commission show that with more than 95 per cent of the ballots counted, both parties were polling just short of 30 per cent of the popular vote, with just a few thousand votes separating the two. A projection from New Zealand’s Electoral Commission ‌showed the current three-party...

China-Switzerland trade partnership offers a model amid fraught EU ties
Business

China-Switzerland trade partnership offers a model amid fraught EU ties

China has framed its relationship with Switzerland as a model of practical, mutually beneficial cooperation at a time when its broader ties with the European Union remain more complicated and politically charged. Just before Swiss President Guy Parmelin’s recent visit to Beijing, a Chinese foreign ministry spokesman noted that 2026 marks the 10th anniversary of the China-Switzerland innovative strategic partnership, with adherence to free trade singled out as its principal...

Canadian plan to clear Hongkonger migration backlog welcomed but questions remain
Business

Canadian plan to clear Hongkonger migration backlog welcomed but questions remain

A Canadian goal of clearing a backlog of more than 30,000 applications from Hongkongers awaiting permanent residency is “encouraging” but questions remain about whether it can be achieved by 2027, advocates and immigration experts have said. Experts and Canadian parliamentarians said on Saturday that Ottawa’s new one-off measure to add more quota spaces to clear the Hong Kong immigration pathways backlog would help address the uncertainty facing tens of thousands from the city still waiting for...

Top China university stops using AI to spot absent-minded students after backlash
Business

Top China university stops using AI to spot absent-minded students after backlash

A top university in China’s eastern Jiangsu province has rolled back a controversial feature of its AI-powered classroom tracking system following fierce public backlash. Students at Nanjing University were recently notified by the university that it would begin using its “smart classroom” system – upgraded over the summer – to record full attendance rates over a one-week period, Chinese media reported on Wednesday. Outrage flared when leaked screenshots purportedly revealed the AI-powered...

Manila weighs second South China Sea legal case against Beijing: analyst
Business

Manila weighs second South China Sea legal case against Beijing: analyst

Manila is preparing for a potential second legal case against Beijing over the South China Sea, according to a Philippines-based security analyst. “Indeed, the Philippines is considering filing another case against China, and authorities are already preparing the necessary legal documentation,” said Rommel Banlaoi, president of the Philippine Society for International Security Studies, on Saturday. He made the remarks at a South China Sea symposium in the southern Chinese city of Sanya,...

Trump’s war secretary Hegseth and Pacific Command chief Paparo may ‘soon visit China’
Business

Trump’s war secretary Hegseth and Pacific Command chief Paparo may ‘soon visit China’

Pentagon chief Pete Hegseth and US Pacific Command head Admiral Samuel Paparo may visit China “soon”, according to a veteran China hand. Stephen Orlins, president of the non-profit organisation National Committee on United States-China Relations (NCUSCR), disclosed the potential visit during a video address at a conference on Friday in Sanya, in southern China’s Hainan province. More than 400 Chinese officials, foreign diplomats and legal experts have gathered in the South China Sea resort city...

China ‘Goddess of Mercy’ drone send-off reveals modern shift in funeral services
Business

China ‘Goddess of Mercy’ drone send-off reveals modern shift in funeral services

Videos showing a glowing Guanyin, or Goddess of Mercy, carried by a drone and another similar device disguised as a crane have attracted significant attention on Chinese social media. Together, the two devices recreate the traditional funeral send-off in which the deceased is said to “ascend to heaven.” In China, a common euphemism for someone who has died is that they have “ridden a crane to the Western Paradise,” or simply “gone west.” In the viral clips, released in early November, dozens of...

MTR Corporation orders halt to unauthorised work at station after column concerns
Business

MTR Corporation orders halt to unauthorised work at station after column concerns

Hong Kong’s rail giant, the MTR Corporation, has ordered a contractor to fix substandard columns erected on the platform of a station under construction after discovering unauthorised remedial works to fill gaps of up to 30cm to the ceiling. The Highways Department said on Saturday that it had asked MTR Corp to submit a detailed investigation report within two weeks on the construction quality problem and the unauthorised remedial works at Tung Chung West station. It also stressed that the Tung...

US and China must join hands to measure rising AI tide
Business

US and China must join hands to measure rising AI tide

The next US-China talk on artificial intelligence should begin with a simple question: do the two governments actually understand how rapidly AI’s capabilities are improving? Before deciding what to do about the technology, Washington and Beijing need a common way to measure its progress. Chinese President Xi Jinping and US President Donald Trump are expected to meet in Shenzhen soon, and AI is set to remain high on their agenda. Their continued exchanges on this transformative technology are a...

China’s EV safety push gives foreign brands from Tesla to GM an opening for a comeback
Markets

China’s EV safety push gives foreign brands from Tesla to GM an opening for a comeback

International brands have become unlikely beneficiaries of Beijing’s clampdown on so-called rapidly developed vehicles as they step up efforts to convince Chinese consumers of their cars’ quality and reliability. About 10 foreign carmakers from Tesla to General Motors (GM) were not only displaying their latest electric vehicle (EV) technologies at the China International Import Expo (CIIE), but also using the event to highlight their strengths as they continued to lose market share to Chinese...

Why China is investing heavily in African push to bring mineral processing home
Business

Why China is investing heavily in African push to bring mineral processing home

Chinese investors have backed mineral processing and manufacturing projects worth more than US$16 billion across Africa, a new report has concluded, amid an increasing push by countries to secure a greater share of the earnings from their natural resources. The continent is a major international supplier of key minerals such as copper, cobalt and iron ore, and countries such as the Democratic Republic of Congo, Guinea and Zimbabwe have previously introduced mineral export bans or restrictions to...

Malaysia’s king warns against challenging Najib’s house arrest
Business

Malaysia’s king warns against challenging Najib’s house arrest

Malaysia’s king warned on Saturday that any attempt to ⁠challenge his order ⁠letting former prime minister Najib Razak go ⁠from jail to house arrest could amount to defying his decree, a day after authorities delayed Najib’s transfer. Najib has been in jail since 2022 after being found guilty of corruption and money laundering in a case linked to a multibillion-dollar ‌scandal at state fund 1Malaysia Development Berhad. He has consistently denied wrongdoing. He was due to be transferred home on...

China Seeks Comment on Robot Identification Codes Covering All Robot Categories
Technology

China Seeks Comment on Robot Identification Codes Covering All Robot Categories

MIIT's draft proposes a unique code for each robot across industrial, service and special-purpose categories. Public comments are open through December 5.

Xiaomi EV Forms International Business Department Ahead of Planned European Entry
Technology

Xiaomi EV Forms International Business Department Ahead of Planned European Entry

Xiaomi EV's new international department brings sales, channels, logistics and service under Yu Liguo as it prepares for a planned European launch in 2027.

DEEP Robotics Launches X50 Quadruped With a Claimed 50-Kilogram Working Payload
Technology

DEEP Robotics Launches X50 Quadruped With a Claimed 50-Kilogram Working Payload

DEEP Robotics says X50 can carry 50 kilograms at 3 m/s for over two kilometers, targeting industrial inspection, equipment transport and emergency response.

OpenCSG Releases Agentic-27B for Tool Workflows, With Commercial Use Requiring Permission
Technology

OpenCSG Releases Agentic-27B for Tool Workflows, With Commercial Use Requiring Permission

OpenCSG's 27B agent model targets tool selection and failure recovery, with single-A800 test results. Its license requires permission for commercial use.

Huawei Releases Standalone HarmonyOS PC Assistant With Office Task Automation
Technology

Huawei Releases Standalone HarmonyOS PC Assistant With Office Task Automation

Huawei's standalone HarmonyOS PC assistant adds an official office-agent release with cloud or local execution, phone task dispatch and AI-point membership billing.

Ex-husband’s DNA found on hammer allegedly used to kill Abby Choi, prosecution says
Business

Ex-husband’s DNA found on hammer allegedly used to kill Abby Choi, prosecution says

Warning: graphic content follows. Slain Hong Kong socialite Abby Choi Tin-fung could have been fatally struck with a hammer that contained her ex-husband’s DNA when it was seized from a rural village flat where her dismembered remains were found, a court has heard. Wrapping up their case as the murder trial entered its sixth week, prosecutors highlighted forensic findings and surveillance camera footage showing the movements of Choi and three of her former in-laws before and after her alleged...

Chinese consulate in Melbourne demands justice after fatal stabbing of delivery worker
Industry

Chinese consulate in Melbourne demands justice after fatal stabbing of delivery worker

The Chinese consulate in Melbourne has urged local authorities to “severely punish” the person responsible for killing a Chinese delivery rider on Friday – a tragedy that has sparked mounting online outrage over delivery platform safety standards. The 47-year-old delivery worker from China’s northwestern Shaanxi province was stabbed to death while on the job and another rider was injured in the incident in downtown Melbourne on Friday evening. The attack occurred after the pair confronted a man...

Financial leaders tiptoe around Beijing’s asset scrutiny, hail Hong Kong’s wealth boom
Markets

Financial leaders tiptoe around Beijing’s asset scrutiny, hail Hong Kong’s wealth boom

Global financial leaders who gathered in Hong Kong this week largely sidestepped Beijing’s offshore trust tax crackdown, a lingering near-term hurdle for the city’s otherwise expanding wealth management industry. Beijing’s move earlier this year to step up scrutiny of wealthy families’ overseas assets was barely discussed openly at a series of financial industry events, including the Global Financial Leaders’ Investment Summit and the PWMA Wealth Management Industry Summit 2026, even as it...

China to narrow scope of contentious detention and surveillance measure
Industry

China to narrow scope of contentious detention and surveillance measure

Chinese lawmakers are proposing to restrict a contentious form of detention and police surveillance measure, among other changes to the country’s Criminal Procedure Law. Known as residential surveillance at a designated location (RSDL), the measure was originally intended as a mild restriction of personal freedoms to lower the rate of detention and arrest. Since RSDL’s introduction in 1996 and expansion in 2012, it has become the harshest form of detention used in state security cases, including...

Former Evergrande economist faces WeChat gag order after ‘buy the dip’ call
Markets

Former Evergrande economist faces WeChat gag order after ‘buy the dip’ call

Amid a bear market in China’s stock exchanges, Ren Zeping, the high-profile independent economist famed for his prescient call on China’s A-share bull market, is once again in the spotlight for a “gag order” on his social media, though industry insiders say that the move by the platform was not unexpected. Since October 24, Ren Zeping’s WeChat official account “Zeping Macro” could no longer be retrieved via search and would not accept new subscribers. The same restriction applied to his WeChat...

China enacts law to hunt down corrupt officials who escape overseas
Economy

China enacts law to hunt down corrupt officials who escape overseas

Changes aim to prevent civil servants, state-owned company bosses from fleeing with assets A soldier stands guard outside the Great Hall of the People in Beijing. © Reuters BEIJING -- Chinese lawmakers on Friday voted to pursue fugitive officials and their ill-gotten assets overseas with a new law that is part of President Xi Jinping's enforcement of discipline in the Communist Party.

Democrats’ midterm gains hang over data centers, Japanese US investment
Economy

Democrats’ midterm gains hang over data centers, Japanese US investment

Honda, Mitsubishi Heavy, Nippon Steel could be affected by new policies Texas Democratic Gov.-elect Gina Hinojosa has called for a temporary halt to data center construction. © Reuters HOUSTON, Texas/NEW YORK/PALO ALTO, California -- Democrats flipped five gubernatorial seats during elections on Tuesday, a result that could slow data center construction and create a potential headwind for Japanese investment projects.

Japan’s Takaichi pushes for tougher cybersecurity laws as attacks surge
Economy

Japan’s Takaichi pushes for tougher cybersecurity laws as attacks surge

Government seeks help from OpenAI, Anthropic to thwart threats Japanese Prime Minister Sanae Takaichi, center, at a cybersecurity meeting on Nov. 6. (Photo by Ken Suzuki) TOKYO -- Japanese Prime Minister Sanae Takaichi has urged her ministers to strengthen a recent cybersecurity act to enable the government to better detect and analyze cyberattacks in order to bolster prevention and containment capabilities.

Putin exploits Takaichi’s diplomatic opening with Japan Tobacco grab
Economy

Putin exploits Takaichi’s diplomatic opening with Japan Tobacco grab

Japanese leader has tried dialogue against Russian pressure, to little effect Critics say Russia is bullying Japan because Tokyo's responses have been less than forceful. (Source photos by Nikkei, Sputnik) TOKYO -- Moscow's move to place four subsidiaries of Japan Tobacco under Russian control may indicate that President Vladimir Putin views Japanese Prime Minister Sanae Takaichi's diplomatic overtures as a sign of weakness.

Japan convenience store chain Lawson details first India store in Mumbai
Economy

Japan convenience store chain Lawson details first India store in Mumbai

Operator lays out plans for market entry after rival 7-Eleven's exit in September Lawson plans to open two locations in a Mumbai office building developed by a Japanese company. (Image obtained by Nikkei) TOKYO -- Japanese convenience store operator Lawson is solidifying plans to open its first locations in India, following competitor chain 7-Eleven's exit from the highly competitive market.

Japan’s new whisky breed chases export elixir
Economy

Japan’s new whisky breed chases export elixir

Kiuchi Brewery President Toshiyuki Kiuchi leads one of the scores of high-end whisky making ventures that have sprouted across Japan. But Kiuchi fears many may fall by the wayside in a crowded market where they must wait for their product to mature. (Photo by Yuki Kohara) Sake and shochu brewers join rush to open distilleries seeking fresh growth streams ISHIOKA, Japan -- A little more than 200 years after his forefathers founded a sake brewery, Toshiyuki Kiuchi is racking up global awards for one of the latest drinks produced by the family firm he leads -- high-end whisky.

Japanese companies caught in crossfire of Beijing-Tokyo rift
Economy

Japanese companies caught in crossfire of Beijing-Tokyo rift

Business world sees no openings this time for economic appeals to ease tensions Chinese President Xi Jinping has chilled relations with Japan after Prime Minister Sanae Takaichi's remarks on Taiwan. (Nikkei montage) TOKYO/BEIJING -- Business between Japan and China remains chilled a year into the diplomatic rift caused by Japanese Prime Minister Sanae Takaichi's remarks on Taiwan, leaving Japanese companies facing risks whether they leave or stay.

US slaps sanctions on Cambodia’s Prince Group over online scams
Economy

US slaps sanctions on Cambodia’s Prince Group over online scams

Newly included group members accused of helping others skirt previous measures Cambodia is urgently working with the U.S. and other partners to eradicate online scams. (Photo by Tomohide Yamaguchi) HANOI -- The U.S. Treasury Department has imposed a third round of sanctions on Cambodian conglomerate Prince Group over its involvement in online scams, covering four individuals and 41 entities.

Seres, Li Auto join Chinese EVs’ charge into Europe
Economy

Seres, Li Auto join Chinese EVs’ charge into Europe

Automakers chase BYD's overseas gains as sales stall at home Seres Group showed off the Aito 9 at the Paris Motor Show in October. (Photo by Kosuke Toshi) PARIS -- Weak car-buyer demand in China is driving more of the country's electric vehicle makers into Europe, with Seres Group and Li Auto preparing for their debuts on the continent in 2027.

Taiwan’s KMT old guard fights for power base in tight Taipei mayoral races
Economy

Taiwan’s KMT old guard fights for power base in tight Taipei mayoral races

High-stake polls for party leader Cheng Li-wun, re-emerging ex-chief Eric Chu Taipei Mayor Chiang Wan-an speaks during the opening ceremony of his campaign headquarters in Taipei on Oct. 26. Once seen as a shoo-in for reelection, his race has become unexpectedly tight. © Reuters TAIPEI -- Taipei Mayor Chiang Wan-an was expected to cruise to reelection in Taiwan's local voting later this month, alongside Kuomintang (KMT) veteran technocrat Lee Shu-chuan, the party's candidate in neighboring New Taipei. Instead, with weeks to go, the two men have seen commanding leads in the polls slip away, sowing unease inside the main opposition party and sparking a rush to right the ship.

Japan’s unprotected deposits hit $890bn as inheritances inflate accounts
Economy

Japan’s unprotected deposits hit $890bn as inheritances inflate accounts

Inheritances have increased the number of bank accounts with large balances.(Photo by Akira Kodaka) TOKYO -- Japanese household savings that are not protected by deposit insurance have surged 40% over the past five years to more than 140 trillion yen ($887 billion) as bank accounts with large balances increase.

Chinese insights power this Canadian new launch
Business

Chinese insights power this Canadian new launch

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. Though China and Canada are thousands of kilometers apart, there are some Canadian firms traveling all the way across the Pacific to China to find their new product inspirations. In this edition of CEO's China Journal, CGTN talks to Andre Maestrini, President and Chief Commercial Officer of Canadian brand Lululemon.

Iran’s nuclear programme: US offers US$20 million reward for information
Business

Iran’s nuclear programme: US offers US$20 million reward for information

Washington is offering a US$20 million reward “and possible relocation” for information about Iran’s nuclear programme, the US military has said, as President Donald Trump reiterated that Tehran wants to make a deal to end the war. A State Department programme, Rewards for Justice, “is offering a reward of up to US$20 million and possible relocation for information about Iran’s nuclear programme, including its facilities, equipment and associated personnel, such as those in the scientific...

Galactic Energy Ceres-2 Returns to Flight, Sending Four Satellites Into Orbit
Technology

Galactic Energy Ceres-2 Returns to Flight, Sending Four Satellites Into Orbit

Ceres-2's Y3 flight delivered four satellites from Jiuquan, returning the rocket to flight nearly ten months after its unsuccessful maiden mission.

Unitree and Star Plus Legend Launch Limited-Edition UNI-DOGGIE Robot at 43,900 Yuan
Technology

Unitree and Star Plus Legend Launch Limited-Edition UNI-DOGGIE Robot at 43,900 Yuan

UNI-DOGGIE debuts at CIIE with a 2,000-unit worldwide limit. Launch reports say distributor ADATA purchased 1,000 units; that is not verified consumer sell-through.

AI-generated cats showcasing rural life, Chinese cuisine land major brand sponsorships
Business

AI-generated cats showcasing rural life, Chinese cuisine land major brand sponsorships

China’s pet scene has found its digital answer to cottagecore icon Li Ziqi – “Meow Ziqi,” a social media account featuring three AI-generated cats that cook traditional Chinese dishes and practise heritage crafts. Since bursting onto the scene in April, the account has amassed over 1.76 million followers and more than 500 million views. The parallels with Sichuan-born cultural influencer Li Ziqi are unmistakable. Li captivated over 56 million fans worldwide with her cinematic depictions of...

Myanmar’s will to fight money laundering questioned as tougher curbs loom
Business

Myanmar’s will to fight money laundering questioned as tougher curbs loom

Myanmar’s military-backed government may find its reluctance to address the international community’s concerns a greater obstacle to economic recovery than the threat of tougher international financial restrictions, according to analysts. The Financial Action Task Force (FATF), the global money-laundering and terrorist-financing watchdog, warned on October 30 that it could consider further measures against Myanmar if it failed to remedy shortcomings in its financial safeguards by...

AgiBot Refreshes Lingxi X2 for Guided Tours, Retail and Entertainment
Technology

AgiBot Refreshes Lingxi X2 for Guided Tours, Retail and Entertainment

AgiBot's refreshed Lingxi X2 offers configuration-dependent articulation and optional dexterous hands, with navigation and runtime limits that vary by setup.

NearLink Alliance Publishes Embodied AI Connectivity Blue Book With 30-Plus Contributors
Technology

NearLink Alliance Publishes Embodied AI Connectivity Blue Book With 30-Plus Contributors

More than 30 contributors helped define NearLink connectivity requirements for robot internals, multi-device collaboration and device-edge-cloud coordination.

Moore Threads Adds Day-Zero Kimi K3.1 Pro Support on MTT S5000 GPUs
Technology

Moore Threads Adds Day-Zero Kimi K3.1 Pro Support on MTT S5000 GPUs

Moore Threads says MTT S5000 and MUSA can load and serve Kimi K3.1 Pro with text and image inference, including sparse-attention and online weight-conversion support.

In the Pacific century, Chinatowns in the US deserve more than preservation
Business

In the Pacific century, Chinatowns in the US deserve more than preservation

I was sitting in my car in Oakland’s Chinatown with Desta, my dog, while my wife visited her Chinese-American doctor. Across the street stood the Shoong Family Chinese Cultural Centre. On the pavements, older shoppers carrying bags of greens paused to greet acquaintances. People threaded between produce displays, fish counters and shopfronts crowded with everyday necessities. There was a rhythm to the morning: deliveries, conversations, the exchange of money and news, the small acts of...

Is Russia’s seizure of Japan Tobacco assets the last straw for Tokyo amid frosty ties?
Business

Is Russia’s seizure of Japan Tobacco assets the last straw for Tokyo amid frosty ties?

Russia’s seizure of the assets of a Japanese company could prove to be Tokyo’s red line after a series of bitter exchanges between both nations and ties that continue to spiral. The Japanese government on Friday lodged a formal complaint with Russia and demanded that Moscow immediately reverse a decree announced the previous day that transferred the assets of Japan Tobacco International (JTI) to Russian control. Analysts say the decree, signed by Russian President Vladimir Putin, is likely a...

Sanae Takaichi slammed online for praising calligraphy without mentioning China
Business

Sanae Takaichi slammed online for praising calligraphy without mentioning China

Japanese Prime Minister Sanae Takaichi has faced backlash online after writing a social media post celebrating Japan’s shodo calligraphy without mentioning its Chinese roots. On Thursday, Unesco released this year’s nominations for inclusion on its Representative List of the Intangible Cultural Heritage of Humanity. The 59 nominations submitted for consideration for the UN cultural body’s list include Chinese cuisine, Spain’s traditional jota music and dance genre and Japan’s shodo...

Tiger Brokers targets Hong Kong growth as Beijing curbs overseas stock trading
Markets

Tiger Brokers targets Hong Kong growth as Beijing curbs overseas stock trading

Tiger Brokers is seeking to offset the effects of Beijing’s regulatory crackdown by tapping business opportunities in Hong Kong, according to its CFO. “User growth is currently mainly driven by local Hong Kong clients, and overall client growth remains very strong,” said John Zeng, Group CFO and CEO of Tiger Brokers (Hong Kong), when asked about Beijing’s scrutiny of unauthorised cross-border stock trading. “We will certainly fully comply with regulatory requirements in acquiring new...

Hong Kong draws growing interest from Irish firms seeking expansion across Asia
Business

Hong Kong draws growing interest from Irish firms seeking expansion across Asia

More Irish companies are considering Hong Kong as a base for expansion across Asia, according to the head of the country’s chamber of commerce in the city, who described the two as “natural partners”. Padraig Seif, president of the Irish Chamber of Commerce in Hong Kong, said momentum was building ahead of the Asia-Pacific Irish Business Forum as Irish firms increasingly looked to Asia amid Washington’s tariff policy and the lingering effects of Brexit. “What we’ve seen is … Asia and Hong Kong...

Chinese vice premier holds video call with US officials
Business

Chinese vice premier holds video call with US officials

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. Chinese Vice Premier He Lifeng, also China's lead person for China-US economic and trade affairs, held a video call on Friday with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer. The two sides held candid, in-depth and constructive exchanges on implementing the important consensus reached between the two heads of state at their meetings in Beijing and Washington and the outcomes of economic and trade consultations, and on key economic and trade issues of mutual concern. The Chinese side expressed serious concern over recent US economic and trade restrictions against China. Both sides agreed that under the strategic guidance of the two heads of state, they would further leverage the China-US economic and trade consultation mechanism, continuously strengthen cooperation and properly manage differences so as to promote the stable and positive development of China-US economic and trade relations, and contribute to building a constructive China-US relationship of strategic stability based on respect, fairness and reciprocity.

By all memes: why Asia’s Gen Z are revolting
Business

By all memes: why Asia’s Gen Z are revolting

All across Asia, anti-establishment protests have been flaring up, led by a generation that came of age in the digital era. Memes are mobilising a young, permanently online cohort against specific government policies, insults and injustices – its many members determined to seize their own destinies before the future they fear takes root. Asia is home to 60 per cent of the world’s adolescents and young people, or some 1 billion in total, according to UN estimates. Gen Z, roughly defined as those...

Paraguay’s President Pena impeached over Ueno banking crisis, placed under house arrest
Business

Paraguay’s President Pena impeached over Ueno banking crisis, placed under house arrest

Paraguayan President Santiago Pena was placed under house arrest on Friday on suspicion of breach of trust, shortly after the Senate removed him from office over the collapse of a major bank tied to his government. Pena had offered his resignation over the disaster, but lawmakers pressed ahead with impeachment proceedings that would strip him of immunity granted to former presidents. He did not attend the trial in the Senate despite earlier pledging to defend himself. The president “is declared...

Cornell faculty vote no-confidence in leadership after gang rape case
Business

Cornell faculty vote no-confidence in leadership after gang rape case

Faculty members at Cornell University on Friday passed a no-confidence resolution against the elite college’s leadership over its handling of an alleged gang rape that has sparked outcry in the US. The vote is not binding but marks a strong symbolic rebuke of administrators at the Ivy League college in New York state. According to a lawsuit, a female student was assaulted by seven male students at a fraternity house on campus. Following her initial allegations in 2024, Cornell shut down the...

Ted Lieu seeks Congress leadership post, aiming to break another glass ceiling
Business

Ted Lieu seeks Congress leadership post, aiming to break another glass ceiling

California Democratic Congressman Ted Lieu is seeking to become the next chairman of the House Democratic Caucus, one of the top leadership jobs in the US Congress, and potentially making history again as the highest-ranking Asian-American on Capitol Hill. He announced his caucus chair candidacy in a letter to fellow Democrats on Thursday. He’s currently the most high-profile Asian and Chinese-American in Congress, serving as vice-chairman of the caucus, the fourth-ranking position in the House...

Will the US midterm ‘blue tsunami’ erode China’s faith in Xi and Trump’s relationship?
Business

Will the US midterm ‘blue tsunami’ erode China’s faith in Xi and Trump’s relationship?

China may start looking for ways to make its deals with the United States less dependent on the personal relationship between presidents Xi Jinping and Donald Trump after the midterm elections left the US leader in a weaker position to deliver results, analysts have said. Some observers believe Beijing will start paying closer attention to what the White House can achieve without support in Congress, while others say it may seek closer engagement with the Democrats given their ability to...

Can China champion the Global South without speaking for it?
Business

Can China champion the Global South without speaking for it?

Travelling through South America earlier this year, I was repeatedly reminded of China’s growing importance. At Ezeiza International Airport in Buenos Aires, I spotted the logo of the Industrial and Commercial Bank of China. ICBC acquired an 80 per cent stake in Standard Bank Argentina in 2012, establishing a significant presence. In Buenos Aires, my friend Diego García, a publisher, offered a useful perspective: Argentina does not have to choose between China and the United States. It should...

California’s first Asian lieutenant governor traces roots to esteemed family in China
Business

California’s first Asian lieutenant governor traces roots to esteemed family in China

Amid a national Democratic wave in the midterm elections, a California Democrat has made history as the first Asian-American elected to the state’s second-highest executive office, with roots tracing back to a prominent military and political clan in China. Fiona Ma, 60, a Chinese-American and the state’s current treasurer, was elected lieutenant governor, marking a milestone for Asian-American representation in California politics. “I am deeply humbled and honoured to be elected California’s...

Pope Leo in Uruguay to kick off South America tour just weeks after lung surgery
Business

Pope Leo in Uruguay to kick off South America tour just weeks after lung surgery

Pope Leo began an emotionally charged tour of South America on Friday, returning to a continent that helped shape his priesthood just three weeks after undergoing lung cancer surgery. The 71-year-old head of the Catholic Church will visit Uruguay, Argentina and Peru over 12 days in one of the most intense papal foreign trips in decades, meeting political leaders, prisoners, the poor, as well as old friends. “I’m very happy to be here,” Leo told reporters on the plane before landing in Uruguay,...

US, China trade chiefs hold call ahead of Trump-Xi summit in Shenzhen
Industry

US, China trade chiefs hold call ahead of Trump-Xi summit in Shenzhen

US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer held a video call with Chinese Vice-Premier He Lifeng on Friday, as both sides moved to finalise preparations for President Donald Trump’s planned meeting with Chinese leader Xi Jinping in Shenzhen later this month. “Secretary Bessent emphasised the importance of China fully and immediately implementing its commitments made in Busan and raised concerns about recent Chinese actions,” a statement from the Treasury...

US and EU’s China talks channel comes back to life after stalling since Trump’s return
Industry

US and EU’s China talks channel comes back to life after stalling since Trump’s return

The European Union and the United States plan to revive talks about China after a two-year hiatus, according to multiple people familiar with the planning. The dialogue had stalled since Donald Trump’s return to the White House, but after being approached by Washington, talks are expected in the first week of December, despite the deterioration in transatlantic relations in the meantime. The once-regular forum was used to discuss areas of shared concern with regard to Beijing. During Joe Biden’s...

Japan demands Russia reverse seizure of Japan Tobacco units
Economy

Japan demands Russia reverse seizure of Japan Tobacco units

Putin's latest move highlights risks for more than 100 Japanese companies In 2023, Russian President Vladimir Putin signed a decree placing companies from "unfriendly" countries under Russian control. Now that rule is being applied to Japanese companies. (Sputnik via Reuters) TOKYO -- Japan has demanded that Russia reverse its move placing local units of Japan Tobacco under Russian corporate control, following a decree signed by President Vladimir Putin.

Asia’s AI supply chain and US data centers set to weather ‘blue wave’
Economy

Asia’s AI supply chain and US data centers set to weather ‘blue wave’

Gina Hinojosa became the first Democrat to win a Texas gubernatorial election since 1990, after a campaign that focused heavily on outrage over data centers. (Nikkei montage/Source photos by Reuters and AP) Democrats' midterm mandate may check but not stop infrastructure buildout: analysts PALO ALTO/SEOUL/TAIPEI/TOKYO -- The "blue wave" of Democrat gains this week in the U.S. midterm elections is likely to slow, not halt, AI data center development, analysts say, giving Asian tech companies, battered by investor concerns, cause for optimism.

US war in Iran leaves Sri Lanka in troubled diplomatic waters
Economy

US war in Iran leaves Sri Lanka in troubled diplomatic waters

About 20 Iranian tankers seek humanitarian assistance as Washington warns of sanctions An Iranian Navy vessel, IRIS Bushehr, is seen from a Sri Lanka Navy vessel during a rescue operation on March 5, a day after the crew of a distressed Iranian military ship, IRIS Dena, was assisted in waters south of Sri Lanka after it was torpedoed by a U.S. submarine. (Sri Lanka Navy/Handout via Reuters) COLOMBO -- Sri Lanka's efforts to project neutrality amid geopolitical tensions in the Indian Ocean are coming under scrutiny, as the U.S. war in Iran adds pressure on the strategically located nation to take sides.

In Focus: Salmon disappearing as Japan’s catch just 3% of 2003 peak
Economy

In Focus: Salmon disappearing as Japan’s catch just 3% of 2003 peak

Despite hardships, fishing community continues to find ways to live with the sea Abashiri, one of the biggest salmon landing ports in Japan, in mid-October. The number of landings this year from fishing boats was extremely small. “No good again today,” a fisherman said disappointedly like many others. Salmon catches in Hokkaido this year have decreased by half from 2025, when the figure plunged about 70% from the previous year. (Photo by Arisa Moriyama) ABASHIRI/SHIBETSU, Japan -- Salmon catches in Hokkaido this autumn totaled just under 6,000 tons as of late October, only 3% of the 2003 peak. Fishermen are not only worried about poor catches this year, they are also agonizing over "whether they can continue salmon fishing," said Tetsuya Shinya, head of the Abashiri Fisheries Cooperative. Locals have long taken it for granted that salmon return to their natal streams and rivers. "Hokkaido has benefitted from salmon over more than 10,000 years," said Masaki Ichimura, director of the Shibetsu Salmon Museum. In addition to humans, wild animals in the forests, such as brown bears and foxes, have survived harsh winters due to the nutrition provided by salmon.

Japan’s Don Quijote owner reshapes Toys R Us, tripling product lineup
Economy

Japan’s Don Quijote owner reshapes Toys R Us, tripling product lineup

After buyout, retailer adds more hobby goods and in-store play areas The Toys R Us store entrance at the Aqua City Odaiba shopping center in Tokyo, on Nov 5. (Photo by Daniel Takahashi) TOKYO -- Japanese retailer Pan Pacific International Holdings (PPIH), the owner of discount chain Don Quijote, is revitalizing Toys R Us after acquiring the retailer, planning to triple the number of products offered and add more in-store experience areas at locations in Japan.

Hong Kong’s Joshua Wong sentence sparks war of words with US, Europe
Economy

Hong Kong’s Joshua Wong sentence sparks war of words with US, Europe

Democracies condemn 10-year jail term for activist; China accuses critics of interference Student protest leader Joshua Wong delivers a speech outside the offices of Hong Kong's chief executive in October 2014. He was given a 10-year jail sentence this week for "colluding with foreign forces." © Reuters TOKYO -- A 10-year prison sentence handed down to Joshua Wong Chi-fung, one of Hong Kong's most prominent democracy activists, has sparked a round of condemnations from democratic governments and rebuttals from Hong Kong and China.

Malaysian palm oil producer turns to solar for steadier income
Economy

Malaysian palm oil producer turns to solar for steadier income

IOI Group has been working with state utility, eyes more deals A worker cuts down an oil palm bunch at a plantation in Malaysia. Such sites have a production cycle of about 25 years. © Reuters KUALA LUMPUR -- A major Malaysian palm oil producer is planning to use some of its roughly 1,700 square kilometers of plantation for solar energy projects, as it pushes to generate steadier income and capitalize on growing demand for renewable power.

Singapore banks struggle with bond yield and interest rate tensions
Economy

Singapore banks struggle with bond yield and interest rate tensions

Shares of OCBC, DBS and UOB burdened as lenders are squeezed by uncertainty Singapore banks OCBC, DBS and UOB have reported their third-quarter earnings amid a downturn in their share prices. © Reuters SINGAPORE -- Singapore's biggest banks are grappling with tough prospects for stronger profits under an environment of higher bond yields and uncertainty over interest rates, as wary investors dump shares of the lenders amid a clouded outlook.

Editor’s Choice: US anti-data center sentiment spreads, hitting Asian markets
Economy

Editor’s Choice: US anti-data center sentiment spreads, hitting Asian markets

Akito Tanaka shares his weekly reflections and recommendations Japanese benchmark Nikkei Stock Average dropped to below the 60,000 threshold for the first time since mid-May. (Photo by Kazuho Fujiwara) Hello from Tokyo. The U.S. midterm results are out, and the Democrats won control of both chambers of Congress. The party's unexpectedly strong performance sent shock waves through Asian stock markets, with the Tokyo Stock Exchange posting sharp losses. As I highlighted in last week's newsletter, Nikkei Asia covered the election extensively through our live blog. The results were an emphatic rebuke of U.S. President Donald Trump from American voters. The Trump administration's attacks on Iran added to the inflation burden already weighing on American households, while his sweeping tariffs on trading partners fueled price pressures. First, one trend Nikkei Asia closely watched throughout the election campaign has been starkly underscored: growing public opposition to data center construction. In Texas, one of the country's largest data center hubs, voters ousted the incumbent Republican governor and elected a Democrat. The incoming governor has openly opposed the rapid expansion of data centers.

Grab to cut maximum take on Vietnam rides to 32% from 40%
Economy

Grab to cut maximum take on Vietnam rides to 32% from 40%

Move follows Indonesia commission cap; fee cuts and incentives to cost $115 million A Grab driver in Ho Chi Minh City is pictured during a two-day boycott in September, when drivers protested fees charged by the ride-hailing platform. © Getty Images HO CHI MINH CITY -- Singapore-based ride-hailing operator Grab will cut its maximum take from rides in Vietnam to 32% of fares from around 40%, the country's antimonopoly regulator said, following a review prompted by complaints from drivers.

Russia took a Japanese journalist. Tokyo should speak up
Economy

Russia took a Japanese journalist. Tokyo should speak up

Muted response to detention contrasts sharply with campaign for US reporter The entrance to Moscow's Lefortovo Prison in March 2023. © AP James D.J. Brown is a professor of political science at Temple University, Japan.

Activist Au Kam-san jailed 12.5 years in 1st Macao national security case
Economy

Activist Au Kam-san jailed 12.5 years in 1st Macao national security case

Wife of former pro-democracy lawmaker calls sentence a 'political judgement' Veteran pro-democracy former lawmaker Au Kam San poses for a photo in Macao in October 2024. © AP TOKYO -- Au Kam-san, a former Macao lawmaker and veteran pro-democracy activist, was sentenced Friday to 12 and a half years in prison in the former Portuguese colony's first national security prosecution.

Taiwan, South Korea, Japan stock markets hit hard by AI sell-off
Economy

Taiwan, South Korea, Japan stock markets hit hard by AI sell-off

Worries over data center curbs accelerate skid in Asian markets The Korea Exchange imposed a circuit breaker during morning trading to cool off the selling after the KOSPI fell 8.7% at one point. © Reuters TOKYO -- Asian stock markets tied to the artificial intelligence boom plummeted on Friday following a tech sell-off on Wall Street overnight, as investors fretted about possible delays in the construction of data centers following a sweeping Democratic victory in the U.S. midterm elections.

What are global CEOs’ top picks at the CIIE?
Business

What are global CEOs’ top picks at the CIIE?

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. What are the top picks for the global CEOs at the 9th China International Import Expo (CIIE) held in Shanghai? What are the expectations for countries making their debut at the event? CGTN Digital journalist Shen Shiwei spoke to CEOs of leading companies from the US, Germany and Switzerland, among others, as well as a Moldovan official, for their insight. China's 15th Five-Year Plan was in focus, while many highlighted products that prioritize innovation and are high-tech driven, low carbon, eco-friendly and user-oriented.

What’s next after airlines? Asia data breach raises wider cyber fears
Business

What’s next after airlines? Asia data breach raises wider cyber fears

A massive data breach that affected several airlines across Asia has underscored the need for industries in the region to revisit their reliance on third-party suppliers, analysts have said, warning that more critical infrastructure may soon be affected. Last week, a wave of airlines reported that customer information was accessed in a data security breach involving Spanish software provider Amadeus. Several of these breaches involved information found in booking details, including flight data,...

Iran war revives Bahrain’s conflict with Shiite Muslim majority
Business

Iran war revives Bahrain’s conflict with Shiite Muslim majority

Shaken by the accuracy ⁠of Iran’s attacks on Bahrain and support for them among some Bahrainis, authorities in the Gulf island ⁠nation have launched a crackdown on Shiite Muslim clerics they accuse of fostering allegiance to Tehran at home. Bahraini officials have framed the move in existential terms, saying Iran seeks to undermine and ultimately topple the leadership of the only Gulf country that is ruled by a Sunni Muslim family but populated mostly by Shiites. Critics, including rights...

Beijing calls for more efforts to stabilise stock market after renewed sell-off
Markets

Beijing calls for more efforts to stabilise stock market after renewed sell-off

China’s State Council has pledged improved policy mechanisms to stabilise the country’s struggling stock market, after stocks slid again on Friday following a meltdown on the US markets. “We will enhance the inherent stability of the stock market and foster the steady and healthy development of the capital market,” officials at the State Council executive meeting, chaired by Chinese Premier Li Qiang, were quoted as saying on Friday. The comments came as the CSI 300 Index, which tracks major...

After midterms upheaval, US ag exporters call for stability in China trade
Business

After midterms upheaval, US ag exporters call for stability in China trade

As the midterm “blue wave” threatens to further complicate US-China relations, American agricultural exporters are calling on Washington to focus on delivering the trade deals already agreed with Beijing and ending a period of damaging policy uncertainty. With shipments of key products such as soybeans needing to be planned months – or sometimes an entire year – ahead, US farmers are in need of stability after last year’s trade war. “Agriculture is ... an industry with long production cycles, so...

Democratic Congress to guard US’ Taiwan policy and press Trump on arms sales
Business

Democratic Congress to guard US’ Taiwan policy and press Trump on arms sales

The Democratic US Congress may push for faster arms sales to Taiwan following the party’s resounding midterm election victories, but there will be no fundamental shifts in broader US policy towards the island, according to analysts. And if the likely next House speaker, Hakeem Jeffries – a long-time supporter of Taiwan – “crosses the red line” on the issue, Beijing was expected to take strong countermeasures, one analyst said. “A Democratic-controlled Congress will ramp up pressure on Trump to...

More funding could be sought if HK$10b university town loan scheme falls short
Business

More funding could be sought if HK$10b university town loan scheme falls short

Hong Kong’s education secretary has said she will seek additional funding if a HK$10 billion loan scheme falls short of the needs of institutions setting foot in the Northern Metropolis’ first university town, while warning that their financial plans must be feasible and they must not “take chances”. A task force jointly established by the Hong Kong Monetary Authority and the Hong Kong Association of Banks will designate 11 tertiary institutions as public sector entities to help them secure bank...

Tesla’s Musk pulls plug on Cybertruck for robotaxi push after years of poor sales
Business

Tesla’s Musk pulls plug on Cybertruck for robotaxi push after years of poor sales

Tesla would wind down Cybertruck production at its Texas gigafactory around mid-2027, CEO Elon Musk said on Friday, after years of persistently weak sales for a futuristic model once touted as a rival to legacy pickup trucks that ultimately only sold in just a handful of markets because of its heavy, angular design. Musk said in an X post the production wind-down would enable the carmaker to accommodate increased output of its newly launched Cybercab model, which the billionaire has made central...

China’s AI models, led by Kimi, dominate open-source enterprise spending
Markets

China’s AI models, led by Kimi, dominate open-source enterprise spending

Chinese artificial intelligence models led by Moonshot AI’s Kimi family accounted for nearly nine-tenths of estimated global enterprise spending on open-source systems, according to a new study, even though proprietary US rivals continue to capture the vast majority of overall revenue. The report, released this week by Silicon Valley venture capital firm Menlo Ventures, said Chinese AI systems accounted for 89 per cent of global enterprise spending on open-source models. Kimi led with a 61 per...

Trump left with ‘no good options’ to end Iran war after crushing US midterms defeat
Business

Trump left with ‘no good options’ to end Iran war after crushing US midterms defeat

As Republican losses in the US midterm elections highlight how unpopular the war in Iran is, all eyes are on Washington’s next moves and whether the election results could set the stage for a quicker end to the conflict. However, experts remain sceptical, arguing that while the results will cripple the Trump administration and force it to rethink its strategy, they leave the broader US position unchanged, making a protracted war far more likely than diplomatic talks. Democrats seized full...

Ahead of Shenzhen trade talks, US holds off blacklist rule that angered Beijing
Markets

Ahead of Shenzhen trade talks, US holds off blacklist rule that angered Beijing

Ahead of a new round of bilateral trade talks, the US has extended the suspension of an expanded trade blacklist that helped inflame tensions with China last year and could subject overseas subsidiaries of Chinese companies to greater scrutiny. The US Bureau of Industry and Security (BIS) issued a final rule on Thursday extending the suspension of its 50 per cent affiliate rule until January 10, when the current US-China trade truce is also set to expire. If implemented, the measure would extend...

A kill switch for epilepsy? China cuts seizures by 92.6% in first human chemogenetic trial
Business

A kill switch for epilepsy? China cuts seizures by 92.6% in first human chemogenetic trial

For people living with refractory epilepsy, the brain is like a city that can suffer a blackout any time lightning strikes. Without warning, an abnormal neural discharge can sweep through the intracranial circuits, leaving behind convulsions, loss of consciousness and years of lingering panic. Around one-third of epilepsy patients worldwide are completely unresponsive to existing medications, while traditional craniotomy resection surgery often carries the risk of irreversible neurological...

Kenyan doomsday cult leader jailed for 200 years for murdering 191 followers
Business

Kenyan doomsday cult leader jailed for 200 years for murdering 191 followers

The leader of a Kenyan doomsday cult linked to the deaths of more than 400 people was sentenced on Friday to 200 years in prison for the murders of 191 people. The High Court in Kenya’s coastal city of Mombasa issued the sentence for Pastor Paul Mackenzie. He was convicted of murdering 190 children and one adult after he ordered his followers to starve themselves to death to meet Jesus. Justice Diana Kavedza said that Mackenzie, leader of the Good News International Church, bore the “primary...

Smart #2 Two-Seater EV Launches in China as Couture Edition Sells Out, Europe Follows in 2027
Technology

Smart #2 Two-Seater EV Launches in China as Couture Edition Sells Out, Europe Follows in 2027

smart launched the all-electric smart #2 Premium two-seater in China, with deliveries expected within weeks; the Couture Edition is sold out and Europe follows in 2027.

Family Business Summit day 2 tackles US-China ties, Asean and geopolitical shifts
Business

Family Business Summit day 2 tackles US-China ties, Asean and geopolitical shifts

The Family Business Summit wrapped up on Friday with delegates weighing China-US relations, Southeast Asia’s growth trajectory and the Russian economy, against a backdrop of geopolitical flux shaped by Washington’s post-midterm political landscape and expected high-level diplomacy at this month’s Apec forum. The South China Morning Post and Blue Pool Capital co-hosted the fourth edition of the summit, with UBS as the presenting partner. The two-day closed-door event in Hong Kong served as a...