JAPEX reverts to focus on oil production, investing up to $7.3bn

TOKYO -- Japan Petroleum Exploration plans to quadruple crude oil and gas production, reconsidering its emphasis on decarbonization as those resources become increasingly critical amid the U.S.-Israeli war on Iran.


Japan moves to block MBK's Makino machine tool takeover on security grounds

TOKYO -- Japan's government has called on Asian private equity firm MBK Partners to drop its planned takeover of Japanese machine tool maker Makino Milling Machine, citing national security concerns, Nikkei has learned.


Sony Life faces dozens of suspected fraud cases against customers

TOKYO -- Sony Life Insurance is looking into dozens of cases financial misconduct committed against customers, it was learned Wednesday, the latest in a string of scandals to rock Japan's insurance industry.


SoftBank Group pivots to AI services with promotion of Arm CEO Haas

TOKYO -- SoftBank Group has appointed Rene Haas, CEO of U.K.-based subsidiary Arm, as head of its international operations, signaling that the Japanese group aims to dominate the field of artificial intelligence infrastructure.


Japan moves to block Makino machine tool takeover on security concerns

TOKYO -- Japan's government has called on Asian private equity firm MBK Partners to drop its planned takeover of Japanese machine tool maker Makino Milling Machine, citing national security concerns, Nikkei has learned.


Japan to import 1m barrels of oil from Mexico in step away from Middle East

TOKYO -- Japan will import 1 million barrels of crude oil from Mexico as soon as July under an agreement between the two countries' leaders, it was learned Wednesday, as Tokyo takes a small step toward diversifying its energy supply away from the conflict-torn Middle East.


ICC upholds its jurisdiction over ex-Philippine President Duterte

MANILA -- The International Criminal Court ruled on Wednesday that it has jurisdiction over alleged murder cases involving former Philippine President Rodrigo Duterte, rejecting an appeal by his defense team and bringing the cases closer to trial.


South Korean trade minister touts energy cooperation with Japan

TOKYO -- South Korea and Japan should increase their cooperation in the face of war in the Middle East and a looming energy crisis, according to South Korean Trade Minister Yeo Han-koo.


Taiwan drone exports to Europe soar 40-fold as Ukraine war fuels demand

TAIPEI -- Taiwan's drone exports to Europe in the first quarter exceeded the total for all of last year, a think tank estimates, illustrating the emerging industry's momentum.


VinFast targets 100,000 EV sales outside Vietnam in 2026

HANOI -- Vietnamese EV maker VinFast intends to sell around 100,000 cars in markets outside of Vietnam this year, which would be a fivefold increase compared to 2025, its owner said on Wednesday.