eChina.news

Economy

Trump signs Russia sanctions bill that opens China, India to tariffs

Law gives US leader authority to impose 100% levies on Moscow's top energy buyers U.S. President Donald Trump signed a Russian sanctions bill targeting top importers of Russian energy just days before a summit with President Xi Jinping. © Reuters NEW YORK -- U.S. President Donald Trump signed a sanctions bill Friday that gives him the authority to raise tariffs on Russia's largest energy buyers, including China and India, just days ahead of Chinese President Xi Jinping's visit to Washington.

September 19, 2026

Economy

North Korean hackers disguise cyberattacks as job interviews with AI

Over $10m in cryptocurrency stolen in attacks targeting tech workers in 100-plus countries Japanese authorities say North Korean actors gained access to over 30,000 devices worldwide between late 2025 and July 2026. © Reuters TOKYO -- North Korean hackers have compromised devices in more than 100 countries and regions through fake online job interviews, tricking applicants into running malware that is used to steal cryptocurrency, authorities say.

September 19, 2026

Economy

Spike hazard: Thai farmers go all in to feed China’s durian craving

Durians are prepared for shipment to China at a packing house in Lang Suan, Thailand. The fruit is Thailand's top export to China. (Photo by Ken Kobayashi) Rival crops abandoned even as growing competition undercuts pricing power PHATO, Thailand -- The fruit of Chatkamol Mungpayaban's durian trees is now worth far more than when he started growing the spiky plant back in 1995.

September 19, 2026

Economy

Japan PM urges new cabinet to focus on markets, Mideast response

Takaichi calls for 'transparent and consistent' communication on fiscal policy Japanese Prime Minister Sanae Takaichi, center, issued instructions to her cabinet following a reshuffling on Sept. 17, adding more detail and goals. (Photo by Ken Suzuki) TOKYO -- Japanese Prime Minister Sanae Takaichi wants her reshuffled cabinet to put more effort into dialogue with financial markets and energy procurement.

September 19, 2026

Economy

Turkey moves to calm nervous markets after fund crisis sparks selloff

Finance minister says $18.3bn in fund liquidations pose 'no widespread systemic risk' Turkish Finance Minister Mehmet Simsek seeks to reassure financial markets after a fund scandal triggered a market selloff earlier this week. © Reuters ISTANBUL (Reuters) -- Turkey's liquidation of investment funds worth $18.3 billion will not put pressure on Borsa Istanbul, as regulatory changes should prevent any contagion risk, Finance Minister Mehmet Simsek said, adding authorities would monitor the market closely.

September 19, 2026

Economy

Singapore eyes ‘game-changing’ attractions in Sentosa overhaul

Resort island aims to double visitors under two-decade expansion plan Sentosa Development Corp. CEO Thien Kwee Eng, far right, says the resort island's expansion project will be "implemented progressively over the next two decades." (Sentosa Development Corp.) SINGAPORE -- Singapore's Sentosa resort is already home to palm-fringed beaches, a casino and a Universal Studios theme park. But the city-state's largest tourist attraction is set to get even bigger under a plan the head of the government agency leading the project says will bring "game-changing attractions" to lure tourists from the region and beyond.

September 19, 2026

Economy

China rebuffs AI slowdown calls ahead of Trump-Xi summit: 5 things to know

Mutual distrust likely to limit scope of superpower cooperation on safety, analysts say Dire warnings of AI safety risks have put the issue in the international spotlight as U.S. and Chinese leaders prepare to meet next week. (Nikkei montage/Source photos by Reuters) SHANGHAI/HONG KONG -- Anthropic CEO Dario Amodei's calls to slow the pace of artificial intelligence development over potentially existential safety risks have thrust the AI rivalry between the U.S. and China into the spotlight days before the two superpowers' leaders meet in Washington.

September 18, 2026

Economy

Baidu-backed DeepWay aims to license its e-truck tech in Europe

Targeting a Hong Kong IPO, company unveils EU strategy at Hanover trade show DeepWay hopes to make headway in Europe by licensing its e-truck technology to a local established brand. (Photo by Jens Kastner) HANOVER, Germany -- Chinese electric truck and assisted driving startup DeepWay is hoping to gain an edge over its peers in Europe's mature industry by transferring technology to local partners with a view to eventually manufacturing locally, a company executive told Nikkei Asia at a trade show.

September 18, 2026

Economy

US chip toolmaker Forge Nano bets on Taiwan for production: CEO

Samsung-backed atomic deposition specialist eyes batteries and chipmaking market Paul Lichty, founder and CEO of Forge Nano, says the U.S. chipmaking equipment maker sees the strongest opportunities for growth in Asia. (Nikkei montage/Source photos by Cheng Ting-Fang and Forge Nano) HSINCHU, Taiwan -- Forge Nano has chosen Taiwan as a major production hub for its next-generation machinery as the U.S. chipmaking equipment maker eyes strong demand in Asia for advanced atomic-layer deposition technology, the company's chief executive told Nikkei Asia.

September 18, 2026

Economy

Indonesia’s Bayan shares soar after 30% stake sold to Prabowo-linked tycoon

Deal comes as production quota uncertainty clouds coal miner's outlook Bayan Resources' coal mines in East Kalimantan. The Indonesian company's shares soared 20% on Sept. 18 after it announced a planned sale of 30% of the stock to a politically well-connected tycoon. (Screenshot from Bayan Resources's website) JAKARTA -- Shares in Indonesian coal miner Bayan Resources surged to their daily upper limit on Friday after the company announced that Jhonlin Baratama, a company owned by politically connected tycoon Andi Syamsuddin Arsyad, had agreed to acquire a 30% stake.

September 18, 2026

Economy

Philippines’ GCash owner gets nod for 92.32bn peso IPO

Debut set for Oct. 20 could make it among most valuable companies on bourse Philippine e-wallet GCash parent Mynt is set to make its market debut on Oct. 20 in what could become the country's largest-ever IPO. (Photo by Yuji Murakami) MANILA -- The Philippine Stock Exchange (PSE) has approved what could become the largest initial public offering in the country's history, as Mynt, parent company of digital wallet giant GCash, is expected to raise up to 92.32 billion pesos ($1.4 billion) in its market debut scheduled for Oct. 20.

September 18, 2026

Economy

AirAsia expects $1bn financing by January amid fuel cost pressure

Budget carrier denies receiving government bailout after massive share sell-off An AirAsia jet sits on the tarmac at Senai International Airport in Johor Bahru, Malaysia, in December 2025: The budget carrier is seeking new funds to refinance its debts. (Photo by Ken Kobayashi) KUALA LUMPUR -- AirAsia Group co-founder Tony Fernandes said Friday the Malaysian budget airline expects to secure $1 billion in financing by January, as concerns mount over its financial health in the face of high fuel costs.

September 18, 2026