China's 8-year low oil imports cushion Iran war shock to global prices

SHANGHAI/TOKYO -- A sharp fall in China's oil imports is keeping global prices in check despite a supply crunch lasting more than 100 days due to disruptions in the Strait of Hormuz, a critical artery for the world's energy trade.


From Nintendo to Sanrio, Japanese entertainment stocks face AI headwinds

TOKYO -- Japan's soft-power giants have reached a stock market turning point as the post-COVID surge gives way to an artificial intelligence boom, prompting a sectorwide valuation re-rating.


Palau president says security strengthened with US radar amid China threat

TOKYO -- An advanced U.S. military radar system under construction in Palau will strengthen the country's security, President Surangel Whipps Jr. told Nikkei Asia, as China expands its military and maritime presence in the western Pacific.


Death toll rises to 37 in Mindanao after 7.8-magnitude quake

MANILA -- The death toll from the 7.8-magnitude quake that struck off the south coast of the Philippine island of Mindanao on Monday has risen to 37, disaster management authorities reported.


Sony eyes rebound from Xperia smartphone stumble with AI camera functions

TOKYO -- Sony releases a new flagship version of its Xperia smartphone on Thursday, adding artificial intelligence camera capabilities as the Japanese company looks to bounce back from power malfunctions that plagued its predecessor.


Japan Inc. parks $480bn in time deposits despite shareholder pressure

TOKYO -- Japanese companies are making a clear shift toward time deposits to try to squeeze gains out of interest, even as pressure grows from investors to put more toward growth and returns.


Global airline profits projected to drop by half as jet fuel costs soar

RIO DE JANEIRO -- Profits at air carriers worldwide will likely plunge by half this year, the top industry group predicts, as the prolonged Iran war depresses demand in the region and drives up jet fuel prices.


Hong Kong's urban development near China border draws AstraZeneca, others

HONG KONG -- Hong Kong's massive Northern Metropolis urban development plan is attracting a wide range of companies from the territory, mainland China and abroad, a project poised to reshape the area and help bring its development more in line with Beijing's own plans.


Cambodian payment apps' collapse leaves users fighting to recover funds

PHNOM PENH -- When Ah Song heard his local payment app H-Pay had lost its license, he arrived at the National Bank of Cambodia in Phnom Penh before it opened on April 27 to claim the $8,049 he says was in his account.


China's solar panel giants bleed red ink on oversupply, price war

HONG KONG -- Companies in China's solar panel industry are struggling to generate profits amid overcapacity after subsidy-driven growth in exports.