TOKYO -- Hitachi plans to work with U.S. chipmaker Intel to improve semiconductor production efficiency, leveraging artificial intelligence to streamline maintenance by analyzing manufacturing data, the Japanese industrial group announced Friday.
More Japan food, daily goods makers eye price hikes as Iran war takes toll
TOKYO -- More than half of Japanese food and daily necessities manufacturers surveyed by Nikkei have raised prices, plan to, or are considering it amid soaring resource prices from the conflict in the Middle East.
Wall Street young guns' $2bn AI unicorn aims to upend work culture
NEW YORK -- Rogo, a startup founded in late 2021 by young Wall Street entrepreneurs, aims to lighten the financial industry's grueling workload by automating cumbersome tasks with the help of artificial intelligence.
Canadian miner taps Brazil to carve China out of rare-earth supply chain
SAO PAULO -- Canadian mining company Aclara Resources aims to establish a rare-earth supply chain independent of Chinese companies as early as 2028, looking to process output from mines in Brazil and Chile with in-house refining technology to produce enough electric vehicle battery materials to meet half the U.S. demand.
India GDP up 7.8% in March quarter despite Iran war impact
MUMBAI -- The Indian economy grew 7.8% in the quarter through March, data from the country's statistics ministry showed Friday, even as the country started feeling the effects of the U.S.-Iran war.
Japan and Indonesia to begin talks on exporting Asagiri-class destroyer
TOKYO -- Japan's Defense Ministry announced on Friday that the country had agreed with Indonesia to begin discussions on exporting its Asagiri-class destroyer, currently in use by its Maritime Self-Defense Forces.
Trump's second term Taiwan arms sales top Biden-era total by nearly 40%
WASHINGTON -- In its first year and a half, the second administration of U.S. President Donald Trump has approved 36% more arms sales to Taiwan than Joe Biden's administration did during its full four years, Nikkei has learned.
Japan approves $19bn extra budget to curb fuel costs amid Iran tensions
TOKYO -- Japan has approved a 3.1 trillion yen ($19.4 billion) supplementary budget to help cushion the impact on consumers of rising fuel costs, as tensions in the Middle East keep prices elevated.
China pulled into public debate over subsidies by OECD report
TOKYO -- China is pushing back after the Organization for Economic Co-operation and Development detailed the outsized subsidies Chinese companies receive, engaging in a public debate over a controversial industrial policy seen as a factor behind overcapacity and global trade imbalances.
Indian central bank holds firm on key rate but raises inflation forecast
MUMBAI -- The Reserve Bank of India on Friday held its key policy rate at a four-year low of 5.25%, opting to wait for further data on the effects of the energy crisis roiling major oil importers like India, even as it heightened its inflation forecast by half a percentage and lowered its growth forecast.