TOKYO -- Japan plans to allow advance payments for government procurement to support growth at startups with dual-use technologies related to artificial intelligence, drones and space.
South Korea to join Japan's plan for joint oil reserve at summit
TOKYO/SEOUL -- Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung are set to agree at their summit Tuesday to establish a framework for cooperating on the procurement of crude oil, including a joint reserve.
Gold and other precious metals drop as investors brace for US rate hikes
TOKYO -- Prices for gold, silver and platinum have fallen sharply, as physical assets that do not yield interest have become less attractive amid growing expectations for interest rate hikes in the U.S.
After US-China summit, Iran digs in heels over Hormuz
WASHINGTON/DUBAI -- Since last week's U.S.-China summit, Iran has taken an harder line harder line with Washington on ending the conflict in the Middle East as U.S. President Donald Trump faces political risks from soaring gasoline prices.
Japan, South Korea to agree on joint oil reserve at summit
TOKYO -- Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung are set to agree at their summit Tuesday to establish a framework for cooperating on the procurement of crude oil, including a joint reserve.
Daiwa to invest $630m in Japan battery storage for chip, data center power
TOKYO -- Japan's Daiwa Securities Group plans to invest 100 billion yen ($630 million) in battery storage facilities through 2030 to capture growing electricity demand from the tech sector, Nikkei has learned.
China investor takes over 120-year-old German knitting machine maker
HAMBURG, Germany -- Family-owned Mayer & Cie is not only a giant in the German textile industry -- over 80,000 of the circular sewing machines it has manufactured are used throughout the world to make clothes for global brands like H&M, Uniqlo and Decathlon.
Marcos orders 10% cut to Philippine government expenses to ease crisis
MANILA -- Philippine President Ferdinand Marcos Jr. said Monday that he has ordered government agencies to reduce expenses by at least 10%, or $4.8 billion, as he issued his starkest warning yet about the deepening impact of the Iran war on the domestic economy.
Nikkei to solicit feedback, finalize overhaul of Nikkei 225 rules
TOKYO -- Nikkei announced on May 18 a proposed overhaul of the rules governing its Nikkei 225 index, aiming to better reflect changes in industrial structure.
Shimano's AI-powered bike gear shift gains traction in Europe
SAKAI, Japan -- Bicycle component maker Shimano's automatic gear shifting system Q'Auto is being picked up by a growing number of manufacturers in Europe, the world's largest bike market.