SoftBank's homegrown AI project pulls in top Japan manufacturers

TOKYO -- About 30 leading Japanese companies from a wide range of industries, including chemicals, robots, automobiles and electronics, are consideringĀ investing in a new SoftBank venture that seeks to develop domestic artificial intelligence, Nikkei has learned.


Japan to help Philippines boost oil reserves amid Iran war supply shock

TOKYO -- Japan will support the Philippines in its efforts to strengthen oil reserves, with Japanese Prime Minister Sanae Takaichi and Philippine President Ferdinand Marcos Jr. expected to reach an agreement Thursday at their summit.


Airbnb picks Tokyo as 'pilot' market for luggage service: CEO

SAN FRANCISCO -- Airbnb will launch a luggage storage service in Tokyo this year ahead of other global cities, CEO Brian Chesky and Chief Strategy Officer Nathan Blecharczyk told Nikkei, as the vacation rental company eyes demand in an international tourism hotspot.


Samsung semiconductor workers' $400,000 bonus deal: 4 things to know

SEOUL -- Tens of thousands of Samsung Electronics' semiconductor employees can expect an average bonus of 600 million won ($400,000) each after the company's unions and management reached a deal to end a monthslong standoff that had threatened to lead to an all-out strike.


Japan's biggest intelligence reform since WWII: 5 things to know

TOKYO -- Japan has moved closer to creating a centralized national intelligence agency -- often described as its equivalent to the CIA -- after the upper house approved legislation on Wednesday, following lower house passage in April.


China drops hammer on cross-border stock trading: 5 things to know

HONG KONG -- China has launched a dramatic clampdown on cross-border brokerages, vowing to completely root out illicit overseas investment activity in two years. The tightening of the country's already prohibitive capital controls has rattled the U.S.-listed shares of brokers and sown anxiety among Chinese users of the platforms.


SK Hynix joins trillion-dollar club as AI fires up East Asian stocks

TOKYO -- Receding concerns over the Iran war and the AI capital spending boom have turbocharged East Asian stock markets, with those in South Korea, Taiwan and Japan repeatedly reaching record highs as shares in tech giants like SK Hynix take off.


Business confidence in China rebounds: EU Chamber of Commerce survey

SHANGHAI -- Business confidence among European companies operating in China improved after hitting record lows in several metrics last year, according to a survey, even as fresh signs of tension have emerged.


Japan carmakers squeezed by high aluminum prices, possible shortages

TOKYO -- The loss of aluminum supplies from the Middle East is expected to raise prices through 2027, and with shortages looming for the nonferrous metal and related alloy products, key buyers, including the Japanese auto industry, are taking the strain.


Nvidia spending up to $150bn a year on Taiwan AI suppliers: Jensen Huang

TAIPEI -- Nvidia is now spending up to $150 billion a year on its supply chain partners in Taiwan and plans to increase its headcount in the "epicenter of the AI revolution" to 4,000 employees, CEO Jensen Huang said.