WASHINGTON -- The U.S. will use part of Japan's $550 billion investment pledge to build and expand nuclear power plants, aiming to take "a leading position to export around the world," U.S. Commerce Secretary Howard Lutnick told Nikkei.
Japan central bank deputy Uchida in spotlight while chief hospitalized
TOKYO -- Bank of Japan Deputy Gov. Shinichi Uchida will handle a highly anticipated news conference next week, as Gov. Kazuo Ueda will miss the upcoming policy meeting where the central bank is expected to raise rates that would take borrowing costs to levels unseen in three decades.
Nearly 90% of listed Chinese banks fall below profit threshold
HONG KONG -- China's listed banks are struggling with narrowing profit margins, with nearly 90% below a threshold for stable operations.
India doubles public investment in 5 years to build rails, chip plants
MUMBAI -- India is stepping up public works spending to meet growing demand for highways, high-speed rail and chip plants, contributing to the real economy's rapid 7.7% growth in fiscal 2025 along with personal consumption.
Sony cuts wait times for World Cup replays with updated AI tech
TOKYO -- Sony Group has sharpened its advanced soccer officiating technology ahead of this week's kickoff of the World Cup, which the company says will shorten what can be a frustratingly long wait for the results of play reviews.
What naphtha shortage? China extends petrochemicals lead during Iran war
TOKYO -- Japan, South Korea and other big Asian economies have been dealt a blow by the Iran war's disruption of naphtha imports -- all except China, which has weathered the crisis thanks to its diversified supply networks.
Japan, UK to create startup support fund for dual-use tech
TOKYO -- The Japanese and British governments plan to establish a fund to support startups that develop dual-use technologies in such fields as artificial intelligence, quantum technology, drones and space, Nikkei has learned.
SpaceX stock fund in Japan halts new inflows after investors pile in
TOKYO -- Japan's Mitsubishi UFJ Asset Management has stopped accepting new investments in a stock fund that includes SpaceX after retail investors pounced on the opportunity to gain exposure to Elon Musk's rocket and AI company before its initial public offering.
China's AI companies dig in as SpaceX, US rivals ready IPO bonanza
SHENZHEN -- Chinese artificial intelligence players have pledged to stay in the race for AI supremacy as their U.S. peers gear up for a string of record-breaking initial public offerings.
Turkey halts BYD tax break, warns of clawback if it misses $1bn plan
ISTANBUL -- The Turkish government has suspended import tax exemptions for BYD and warned the Chinese electric vehicle maker that it faces repayments if it fails to fulfil a $1 billion commitment to build operations in the country.