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Hong Kong activist investor Oasis reports 5.4% stake in Japan’s Kanadevia
Economy

Hong Kong activist investor Oasis reports 5.4% stake in Japan’s Kanadevia

Japanese engineering group Kanadevia's products include energy and desalination equipment. (Photo by Arisa Moriyama) OSAKA -- Hong Kong-based investment firm Oasis Management owns more than 5% of Japanese engineering group Kanadevia, according to a securities filing Tuesday.

The AI space race: US and China bet big on orbital data centers
Economy

The AI space race: US and China bet big on orbital data centers

The U.S. and China are both looking to space as the next frontier in data center construction. © NASA Asia supply chain gears up as Google, Nvidia and startups shoot for the stars PALO ALTO, California/TAIPEI -- Travis Beals spent two years trying to dismiss an idea that his Google colleague came up with: putting data centers in space, powered by the sun.

Japan’s Murata rewards in-house innovators to keep global capacitor lead
Economy

Japan’s Murata rewards in-house innovators to keep global capacitor lead

Electronics maker owns 40% market share for multilayer ceramic capacitors Multilayer ceramic capacitors are tiny parts that are essential for circuits in electronic devices. (Murata Manufacturing) KYOTO, Japan -- Murata Manufacturing looks to maintain its global lead in multilayer ceramic capacitors (MLCCs) over Chinese and South Korean rivals by focusing on intellectual property, boosting its rewards program for employees whose inventions lead to patents.

China loves food deliveries. Restaurants are starving as a result
Economy

China loves food deliveries. Restaurants are starving as a result

Consumers' preference for cheap eats adds to pain of austerity law Revenue and profit at Peking duck chain Quanjude fell for a second consecutive year. (Photo by Kohei Fujimura) DALIAN, China -- Restaurants in China are struggling to make money on dine-in meals as customers choose cheaper delivery options, adding to the pressure of a government ban on expensive official dinner parties.

Al Qaeda’s shadow returns
Economy

Al Qaeda’s shadow returns

Militant attacks in Mali are a reminder that fragile states can incubate extremism A framed portrait and the coffin of Malian Defense Minister Sadio Camara, who was killed in a militant attack, are displayed on the day of his state funeral, in Bamako, Mali, on April 30. © Reuters Farhan Bokhari is an Islamabad-based foreign correspondent who writes on Pakistan and the surrounding region.

Japan Inc., households step up overseas investment despite weak yen
Economy

Japan Inc., households step up overseas investment despite weak yen

Net FDI doubles in 10 years as companies seek growth, holding Japanese currency down Sumitomo Forestry has decided to acquire U.S. homebuilder Tri Pointe as it sees growth overseas. (Sumitomo Forestry) TOKYO -- The yen's depreciation in recent years has not discouraged foreign investment by Japanese companies or individuals, as low interest rates at home that have not kept up with inflation and growing markets outside Japan send them looking for opportunities overseas.

Myanmar’s political transition leaves ASEAN in a quandary
Economy

Myanmar’s political transition leaves ASEAN in a quandary

Nominal move to civilian rule seen as insufficient for key members of regional bloc Myanmar's representative at last week's ASEAN summit, Permanent Secretary of the Ministry of Foreign Affairs U Hau Khan Sum, left, remained very much on the periphery of the gathering as the bloc still does not recognize the government's legitimacy. © Reuters BANGKOK -- A summit of Southeast Asian leaders that ended in the Philippines on Friday has exposed the divisions within the ASEAN regional bloc about the supposed political makeover in Myanmar, which was yet again left out in the cold from the grouping's high-level gatherings.

China widens oil purchases to extend influence from US to Iran
Economy

China widens oil purchases to extend influence from US to Iran

Beijing able to avoid tapping strategic reserves despite disruptions in Persian Gulf An oil terminal in Texas, a state serving as a major U.S. energy export hub. Reports say 15 tankers departed the U.S. for China in April. (Photo by Ryosuke Hanafusa) BEIJING -- China is expanding its options for buying crude oil, including imports from the U.S., to leverage its energy security for an upper hand as President Donald Trump visits Beijing this week for a summit with President Xi Jinping.

Luang Prabang’s World Heritage status at risk over Mekong dam
Economy

Luang Prabang’s World Heritage status at risk over Mekong dam

$3.5bn project near a fault line will disrupt river, displace communities The dam for the Luang Prabang Hydroelectric Power Plant, 20 km upriver from the city that is Laos' premier tourist attraction, rises from the Mekong River. (All photos by Tom Vater) LUANG PRABANG, Laos -- Travelers heading to the Pak Ou caves, a major tourist attraction on the western banks of the Mekong River, 25 kilometers upriver from Luang Prabang in northern Laos, will see the construction of an enormous 1,460-megawatt hydropower dam. Earth movers and silos dot the denuded hillsides around the dam wall rising from the river. Trucks frequently cross a newly built bridge across the Mekong to deliver construction materials.

Will Singapore warm to nuclear as 20% of electricity goes to data centers?
Economy

Will Singapore warm to nuclear as 20% of electricity goes to data centers?

Power supply a concern amid AI boom, but Google to keep investing in city-state Singapore has emerged as a major AI data center hub in Asia. (Source photo by Akira Kodaka) PALO ALTO, California -- Singapore is expected to use nearly 20% of its national grid to power data centers in 2026, a greater share than any other nation on Earth, as the city-state cements its position as one of Asia's most important digital hubs.

Japan megabanks to gain access to Anthropic’s powerful AI model Mythos
Economy

Japan megabanks to gain access to Anthropic’s powerful AI model Mythos

MUFG, Sumitomo Mitsui and Mizuho were likely informed of decision by Bessent Japan's Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group are set to gain access to Claude Mythos, the powerful AI model developed by U.S. startup Anthropic. (Nikkei montage/Source photos by Suzu Takahashi and Nanami Sato) TOKYO -- Japan's three megabanks are set to gain access to Claude Mythos, the powerful artificial intelligence model developed by U.S. startup Anthropic, as soon as the end of May, Nikkei learned Wednesday.

Texas Instruments boosts in-house chip output for AI infrastructure boom
Economy

Texas Instruments boosts in-house chip output for AI infrastructure boom

World's analog semiconductor leader makes 'foundational' play in Japan, Malaysia and US Texas Instruments is the world's largest maker of analog chips, which are used for sensing, controlling, powering and connecting devices, rather than for computing activities. © Texas Instruments TAIPEI -- U.S. chip giant Texas Instruments is expanding its global manufacturing footprint, including in Japan and Malaysia, to increase in-house production of "foundational" semiconductors needed to support the booming AI infrastructure market, a senior executive told Nikkei Asia.