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Tibetan activists chain themselves to UN gates after fatal self-immolation
Economy

Tibetan activists chain themselves to UN gates after fatal self-immolation

3 taken into custody for demonstration over death of Tibet-born New York resident last week Protesters hold a banner reading "[UN High Commissioner for Human Rights] Volker Turk end your silence on Tibet" in front of the U.N. headquarters in New York on July 9. (Students for a Free Tibet) NEW YORK -- Hundreds demonstrated outside the U.N. headquarters on Thursday, a week after Tibetan activist Lobsang Palden lit himself on fire and died from severe burns.

Beijing and Tokyo can learn from China’s ‘Hong Kong of the north’
Economy

Beijing and Tokyo can learn from China’s ‘Hong Kong of the north’

Markets, not government direction, offer the best path to sustained economic growth The Summer Davos forum was held this year in the city of Dalian, Liaoning province. (Photo by Kohei Fujimura) TOKYO -- In late June, the World Economic Forum and the Chinese government jointly hosted the Summer Davos forum in the city of Dalian in Liaoning province, a city that once aspired to become the "Hong Kong of the north."

Japan’s Kirin bets on Asian expansion to grow health science business
Economy

Japan’s Kirin bets on Asian expansion to grow health science business

Beverage maker sees Vietnam as big opportunity for new growth engine Kirin Health Science International President Alastair Symington says the beverage maker is creating a portfolio of brands for health-conscious consumers with its new subsidiary. (Nikkei montage/Source photos by Yuji Murakami) TOKYO -- Japanese beverage maker Kirin Holdings said this week it was accelerating the Asia-Pacific expansion of its health science business with the aim of becoming one of the biggest regional players in the sector.

Grab to expand Vietnam EV charging network fifteenfold by 2028
Economy

Grab to expand Vietnam EV charging network fifteenfold by 2028

Ride-hailer seeks brand-neutral alternative to VinFast's proprietary infrastructure A Grab driver uses an Eboost charging station in Vietnam. The Singapore-based ride-hailing group is expanding charging access for multiple electric vehicle brands through local partners. (Grab) HANOI -- Southeast Asian ride-hailing and delivery giant Grab plans a fifteenfold expansion in a charging network for electric vehicles in Vietnam from about 400 ports at present to more than 6,000 by 2028, backing a brand-neutral alternative to VinFast's dominant proprietary charging system as the country accelerates its shift toward cleaner transport.

China’s detention of 2 Japanese highlights risks from whistleblower program
Economy

China’s detention of 2 Japanese highlights risks from whistleblower program

Incentives for reporting illegal activities put Japanese companies on high alert Chinese authorities may begin cracking down on efforts to circumvent restrictions on rare-earth exports, even those that are not technically illegal. (Photo by Tomoki Mera) TOKYO -- The detention of two Japanese Fuji Electric group employees in China accused of violating rare-earth export restrictions last month should make Japanese companies vigilant about Beijing's incentive program for reporting illegal activities, according to a lawyer.

Chipmakers are preparing for years of expansion: Applied Materials CEO
Economy

Chipmakers are preparing for years of expansion: Applied Materials CEO

'Tremendous visibility' into demand for next 24 months backs confidence in growth Applied Materials CEO Gary Dickerson said he is confident that AI-driven chip demand will continue for many years. (Photo by Cheng Ting-Fang) SINGAPORE -- Chipmakers are sharing their equipment demand outlooks for two years or more to ensure their capacity expansions proceed smoothly, the chief executive of Applied Materials told Nikkei Asia, a sign the current artificial intelligence-fueled investment boom could last longer than expected.

Thai court greenlights government’s $12bn emergency borrowing
Economy

Thai court greenlights government’s $12bn emergency borrowing

Ruling clears way for household aid and energy-transition plans Thailand's Prime Minister Anutin Charnvirakul at the parliament in Bangkok. His government has approved an emergency decree to borrow 400 billion baht ($12 billion) to cushion the impact on energy due to the U.S. war with Iran. © Reuters BANGKOK -- Thailand's Constitutional Court ruled on Thursday that the government's emergency decree to borrow 400 billion baht ($12 billion) to support the economy was legal, clearing the way for measures to help households cope with higher oil prices due to the Middle East crisis.

South Korea delivery drivers lose legal fight for bargaining rights
Economy

South Korea delivery drivers lose legal fight for bargaining rights

Supreme Court rules CJ Logistics has no duty to negotiate with subcontracted drivers A worker loads parcels onto a conveyor belt from a delivery truck at a distribution center in Gwangju, South Korea, on Nov. 10, 2020. © Reuters SEOUL -- South Korean delivery drivers on Thursday lost a yearslong legal battle, as the Supreme Court ruled that logistics giant CJ Logistics does not have to engage in collective bargaining with drivers it does not directly employ.

India’s Skyroot says it can build a space rocket a month as launch nears
Economy

India’s Skyroot says it can build a space rocket a month as launch nears

CEO targets full commercialization in 2027 after India's 1st private orbital launch Skyroot CEO Pawan Chandana says the rocket maker, valued at $1.1 billion, is also working on the next iteration of its launch vehicle. (Skyroot) MUMBAI -- Indian rocket maker Skyroot Aerospace already has the capacity to build a launch vehicle every month as it moves toward full commercialization by next year, co-founder and Chief Executive Pawan Chandana told Nikkei Asia just days before the window opens for the startup's planned orbital rocket launch, which would be India's first by a private company.

Hong Kong’s Mideast pivot and China’s AI persona woes
Economy

Hong Kong’s Mideast pivot and China’s AI persona woes

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times Hello everyone, this is Cissy from Hong Kong, your #techAsia host this week. I was at LEAP East yesterday, as the Riyadh-based technology conference made its Asia debut in the city. More than 450 exhibitors, mostly from mainland China, Hong Kong and Saudi Arabia, as well as some from Europe, took part in the event. The exhibition featured a relatively large number of companies in areas such as biotech, robotics and software. In several panel discussions I attended, there was a noticeable delay between the speakers' live audio and the video feed displayed on the big screen. In other words, the audience could hear the speakers' voices before seeing their lips move, which was quite distracting. I couldn't help thinking that for a tech event showcasing cutting-edge companies, it was surprising that no one had solved such a basic live-streaming problem. Like many tech expos I've attended, Chinese humanoid robots were everywhere, dancing and performing to draw crowds. One company even dressed its dancing robot in a shemagh -- the traditional Saudi headscarf -- to appeal to visitors from the Persian Gulf region.

Nikkei 225 to add information and communications sector
Economy

Nikkei 225 to add information and communications sector

Japan's benchmark index introduces new constituent selection rules Changes to the Nikkei 225 stock index, effective Oct. 1, follow a consultation and will be reflected in this autumn's review. TOKYO -- Nikkei announced on Thursday that it will revise the rules governing its Nikkei 225 index, creating a new "information and communications" sector for constituent selection. The company will also rename the "communications" category in the Nikkei industry classification to "information and communications," move IT-related stocks from the services category to the new industry grouping, and introduce rules for replacing constituents within the same sector. Under the constituent selection methodology for the Nikkei 225 -- a stock index of Japan's leading 225 companies -- the 36 subcategories in the Nikkei industry classification, including banks and automobiles, are grouped into six broader sectors such as financials and technology. Constituent additions and deletions are determined with consideration given to maintaining balance among those sectors and avoiding excessive concentration in any one area. The creation of the information and communications sector will increase the number of sectors to seven.

Australia and India seal uranium export pact, boost defense ties
Economy

Australia and India seal uranium export pact, boost defense ties

Canberra sees long-term opportunities as New Delhi expands nuclear capacity Indian Prime Minister Narendra Modi inspects an honor guard during a ceremonial welcome at Government House in Melbourne on July 9. © Reuters CANBERRA -- Australia and India have finalized an agreement to allow uranium exporters Down Under to ship nuclear fuel to the energy-hungry South Asian nation, the countries' leaders announced on Thursday.