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Japan shoe store giant ABC-Mart targets big strides across Southeast Asia
Economy

Japan shoe store giant ABC-Mart targets big strides across Southeast Asia

ABC-Mart President Kiichiro Hattori pictured during a recent exclusive interview with Nikkei Asia in Tokyo. Hattori took the reins at the Japanese retailer, which has a network of 1,500 stores including nearly 400 in other parts of Asia, tasked with stepping up international development. (Photo by Suzu Takahashi) New president aims to lift overseas sales to half of total from under a third now TOKYO -- The tallest office skyscraper in Japan stands 15 minutes by taxi from the backstreets of western Tokyo's Waseda University district.

Marubeni gears up for machine tool growth in India as chips, data centers boom
Economy

Marubeni gears up for machine tool growth in India as chips, data centers boom

Japanese trading house buys Swiss distributor to strengthen sales of manufacturing equipment Marubeni sells machine tools such as this one together with automation solutions. (Marubeni) TOKYO -- Marubeni aims to expand its machine tool business in India and other emerging markets, combining the tools with industrial robots and other equipment to offer factory automation solutions.

SK Hynix rallies in biggest-ever foreign share sale in US
Economy

SK Hynix rallies in biggest-ever foreign share sale in US

South Korean chipmaker priced its shares at $149, riding investor demand for AI stocks SK Hynix intends to use the newly raised capital for construction of production facilities and acquiring chipmaking equipment. © Reuters NEW YORK -- SK Hynix rose about 13% on its first trading day after the South Korean chipmaker raised $26.5 billion in the largest-ever share sale by a foreign company in the U.S. amid strong investor demand for AI stocks.

Subaru embraces sports car roots with revival of manual 6-speed
Economy

Subaru embraces sports car roots with revival of manual 6-speed

Automaker's image for performance has faded amid drive to meet efficiency standards Subaru is expanding its lineup of models with manual transmissions in a bid to stand out. (Nikkei montage/Source photos by Nikkei) TOKYO -- Subaru plans to bring back a long-time fan-favorite 6-speed manual transmission, part of an effort to keep its core base engaged as the company shifts to electrified vehicles that better meet fuel-efficiency and emissions standards.

Lords of the flies: Thailand’s edible insect innovators
Economy

Lords of the flies: Thailand’s edible insect innovators

Protein meal made from black soldier fly larvae is inspected during quality control at Full Circle Biotechnology in Thailand. From animal feed to probiotics, insect-based products are emerging as a more sustainable alternative to conventional protein sources. (Courtesy of Full Circle Biotechnology) Entrepreneurs are turning six-legged livestock into protein, pet food and probiotics BANGKOK -- It may seem unusual for a luxury hotel to breed black soldier flies in its parking lot, but Alisara Sivayathorn, CEO of the Sivatel Bangkok, has shown that it can be both profitable and environmentally friendly.

Playwright Hideki Noda tests London with play on science and humanity
Economy

Playwright Hideki Noda tests London with play on science and humanity

With humor, Japanese director asks audiences to ponder the cost of scientific progress Noda, center is at the photocall in Sadler’s Wells Theatre, London. (photo by Takako Fujiu) LONDON -- Japanese playwright and director Hideki Noda is curious to see how audiences in what he describes as a "scientifically advanced" society respond to a play questioning the costs of scientific progress.

Pakistan mediates between Libya’s two administrations after US-Iran talks
Economy

Pakistan mediates between Libya’s two administrations after US-Iran talks

Facilitation backed by US, Saudi Arabia follows Islamabad-Benghazi arms deal in 2025 Pakistan's Chief of Army Staff, Field Marshal Asim Munir, looks on prior to a quadrilateral meeting between the U.S., Iran, Pakistan and Qatar near Lake Lucerne, Switzerland, on June 21. He is now involved in Pakistan's mediation efforts between Libya's two administrations. (Pool via Reuters) ISLAMABAD -- Pakistan has quietly begun mediating between Libya's rival eastern and western authorities, expanding its role as a diplomatic facilitator beyond Asia after its recent efforts to ease U.S.-Iran tensions.

Editor’s Choice: War and high fuel costs reshape Asia’s vacation plans
Economy

Editor’s Choice: War and high fuel costs reshape Asia’s vacation plans

Akito Tanaka shares his weekly reflections and recommendations People walk past the “Bali” sign at the island's Denpasar International Airport on June 25. Foreign visitor numbers to Indonesia's premier tourist destination have held up this year but there are more Asians and fewer Europeans. (Photo by Ken Kobayashi) Hello from Tokyo. It's hard to believe, but we're already in July, and many of our readers should be planning their vacations. However, the instability in the Middle East is making travel planning particularly challenging this year. Although the United States and Iran signed a memorandum aimed at ending hostilities, the two countries clashed again on Tuesday. Energy prices remain high and airfares continue to rise. When I went to London on business early last month, my flight, which is already a long one from Tokyo, took even longer because the plane had to avoid Russian airspace due to the ongoing war in Ukraine and instead flew over the Arctic. July and August are arguably the best months to visit London, with longer daylight hours offering more time to enjoy the sights or even a pint or two by the Thames. Unfortunately, for many travelers a European vacation has become significantly more difficult and expensive.

Japan prefecture offers reward to root out illegal foreign worker hiring
Economy

Japan prefecture offers reward to root out illegal foreign worker hiring

Move by Ibaraki government spurs concern amid broader push by Takaichi administration Technical intern trainees from Indonesia inspect freshly harvested potatoes at Fujita Farm in Ibaraki prefecture, Japan on June 24. (Photo by Yuji Murakami) OMITAMA, Japan -- A prefectural government in Japan has introduced a system to pay cash to people who provide information leading to the arrest of employers of illegal foreign workers, saying the measure is necessary to crack down on the growing number of such laborers within its jurisdiction.

Australian workers vow strike at world’s largest iron ore bulk export port
Economy

Australian workers vow strike at world’s largest iron ore bulk export port

Unions inform BHP of 8-hour walkout plan as company seeks further talks Port Hedland is located in the Pilbara region of Western Australia. © Reuters SYDNEY -- Unions representing workers at the world's largest iron ore bulk export port in Australia are vowing a brief strike they say could potentially cost resource major BHP tens of millions of dollars and delay exports destined for steel mills in China, Japan and South Korea.

Japan and India must harness middle-power momentum in the Indo-Pacific
Economy

Japan and India must harness middle-power momentum in the Indo-Pacific

Recent summit underscored growing ties between Tokyo and New Delhi Japanese Prime Minister Sanae Takaichi is received by her Indian counterpart, Narendra Modi, during her arrival at an event in New Delhi on July 2. © Reuters Farwa Aamer is based in New York as the Asia Society Policy Institute's director of South Asia initiatives, while Emma Chanlett-Avery is the organization's director of political-security affairs and deputy director in Washington.

Hong Kong looks beyond Iran war in cultivating China-Mideast business
Economy

Hong Kong looks beyond Iran war in cultivating China-Mideast business

City hosts LEAP conference from Saudi Arabia to promote AI and other tech connections Cornerstone Robotics, an exhibitor at the Saudi-founded LEAP conference in Hong Kong, is looking at selling its surgical system in the Middle East, as well as Southeast Asia and Europe. (Photo by Lorretta Chen) HONG KONG -- Hong Kong is rekindling ties with the Middle East after business activity was disrupted by the Iran war, with Chinese tech companies at a conference showing eagerness to expand in the region.