Who owns the AI boom? South Korea begins to ask

SEOUL -- South Korea's youth are being driven "to the edge of a cliff" by fears that even a lifetime of work will never be enough to get ahead.


China retail sales miss forecasts, highlighting consumption woes

HONG KONG -- China's retail sales growth slowed to 0.2% on the year in April, missing forecasts and signaling that policymakers have yet to find a solution to revive sluggish consumer confidence in the world's second-largest economy.


Japan long-term bond yields hit record highs amid fiscal concerns

TOKYO -- Yields on 10-year Japanese government bonds hit their highest in 29 years at 2.8% on Monday, as inflation and fiscal concerns pushed investors to sell sovereign debt.


Japan's Nidec to end China JV as it scales back EV drive parts

KYOTO, Japan -- Nidec will dissolve its joint venture with a Chinese company for electric axles, the powertrains of electric vehicles, Nikkei learned on Monday.


Samsung union and management resume negotiations to avert strike

SEOUL -- Union leaders from Samsung Electronics and company management resumed talks over pay and bonuses on Monday as the government considers using "emergency arbitration rights" to avert a strike planned to start on Thursday.


Japan's cash registers or its fiscal policy: which is more embarrassing?

TOKYO -- Japanese Prime Minister Sanae Takaichi's harsh comments about the logistical hurdles to her plan to freeze the consumption tax on food highlight an embarrassing issue for the country, but not the one she thinks.


China's CXMT logs 1,688% profit surge amid global memory crunch

TAIPEI -- China's top memory chipmaker ChangXin Memory Technologies (CXMT) said net profit skyrocketed 1,688% in the January-March period from the same quarter the year before as revenue surged more than 719%, fueled by the global artificial intelligence boom.


Singapore's small-cap stocks soar, defying Middle East worries

SINGAPORE -- Small-cap stocks listed in Singapore are rallying, led by technology companies, defying concerns over the Middle East tensions that have weighed on the broader market.


Ritz-Carlton enters Vietnam's luxury hotel race

HO CHI MINH CITY -- The Ritz-Carlton has announced plans to open its first hotel in Vietnam, entering a market where global rivals from IHG to Hilton are targeting tourists with growing spending power.


Japan's aging population is its economic 'silver shock absorber'

Tomohiro Ota is a senior Japan economist at Goldman Sachs.