HONG KONG -- Back in February, the North American flagship store of Chinese sportswear maker Anta opened its doors on a ritzy boulevard in Beverly Hills, California, next to household names such as Lululemon and Wilson.
Indonesia's social media age limit forces platforms to gatekeep for minors
JAKARTA -- Global social media providers are racing to comply with new Indonesian age restrictions by mass-purging accounts and rolling out kid-friendly versions of their platforms.
Microsoft unveils its first AI reasoning model ahead of OpenAI IPO
SAN FRANCISCO -- Microsoft unveiled MAI-Thinking-1 -- its first artificial intelligence reasoning model -- at the company's annual Build developer conference on Tuesday, as the tech giant continues to reduce dependence on OpenAI, which is heading for its public market debut soon.
Japan's local banks flee China for Singapore, India as supply chains shift
TOKYO -- Japan's regional banks are leaving China for Southeast Asia and India due to rising labor costs and the struggles of Japanese manufacturers, creating headwinds for the China strategies of Japan's suppliers and other regional companies.
Retail forex investors flock to Aussie over US dollar trades against yen
TOKYO -- Yen-U.S. dollar trading at major forex trading firms dropped nearly 40% on the year in April as retail investors looked to more appealing trades against the Japanese currency, such as the Australian dollar and euro.
Japan to develop deep-sea drone in hunt for rare earths
TOKYO -- A Japanese marine research agency plans to develop by fiscal 2028 a more efficient autonomous underwater vehicle (AUV) to look for such seabed resources as rare-earth elements in the quest for a stable supply.
Mitsubishi Heavy to develop Japan-based defense AI with Preferred Networks
TOKYO -- Mitsubishi Heavy Industries announced on Tuesday that it had formed a partnership with Tokyo-based Preferred Networks to jointly develop artificial intelligence for MHI's defense equipment and systems.
Japan's Takaichi to decide this month on cutting food tax to 1%
TOKYO -- Japanese Prime Minister Sanae Takaichi is set to decide this month whether to cut the consumption tax rate on food to 1% from the current 8% from April next year, a reduction that can be more quickly implemented than eliminating the charge altogether.
Toyota unveils new racing-inspired GRMN Corolla, with sales set for 2027
NAGOYA, Japan -- Toyota Motor on Tuesday unveiled the latest edition of the GRMN Corolla, with plans to start selling the track-focused premium sports car in select markets next year.
Indonesia's GoTo cofounder calls Chromebook graft charges 'illusion' of law
JAKARTA -- Nadiem Makarim, former education minister and the founder of Indonesian ride-hailing company Gojek, on Tuesday suggested his graft prosecution was a personal vendetta and accused prosecutors of "poor" understanding of technology and business, resulting in their demand that he be jailed for 27 years.