SYDNEY -- Australia's major resource producers are coming under pressure from China on iron ore prices, with a Chinese state-owned procurer curtailing purchases from BHP Group while other Australian mining giants reportedly agree to change pricing benchmarks.
Nearly 80,000 tech jobs cut in Q1, but AI's full impact may be yet to come
PALO ALTO, California -- The true impact of artificial intelligence on employment is yet to be felt even as the global tech industry cut nearly 80,000 jobs in the first three months of 2026, according to the chief AI officer at one of the world's biggest outsourcing companies.
SMBC expands with 2nd US headquarters in North Carolina
NEW YORK -- Sumitomo Mitsui Banking Corp. announced on Tuesday it will set up its second U.S. headquarters in Charlotte, North Carolina.
Asian stocks surge and oil falls on US-Iran ceasefire
TOKYO -- Stock markets in Asia jumped on Wednesday morning as investors welcomed news of a two-week ceasefire between the U.S. and Iran. Oil prices fell sharply.
Foreign tourism spurs room rates higher in Japan: luxury hotel group CEO
TOKYO -- Even with China discouraging travel to Japan and the war in the Middle East affecting reservations, hotel rates in Japan look set to keep climbing as the influx of foreign visitors continues, CEO Fumikazu Ueda of Osaka-based Royal Hotel tells Nikkei.
CK Hutchison to navigate 'world in turmoil' by scaling up
TOKYO -- "We're living in a world in turmoil today," Victor Li Tzar-kuoi, chairman of Hong Kong-based conglomerate CK Hutchison Holdings, told analysts on an earnings call last month.
Japan university students pivot away from US to Thailand and Malaysia
TOKYO -- Japanese university students are increasingly looking to Asia rather than the West for study abroad opportunities, as tighter visa restrictions and the weak yen push students away from the U.S., Canada and other English-speaking countries.
The KMT and CCP form united front against Taiwan's sovereignty
Chris Horton is a Taipei-based journalist and author of "Ghost Nation: The Story of Taiwan and Its Struggle for Survival," published by Macmillan in 2025.
Tokyo exchange's midtier Standard market overtakes Prime in listed firms
TOKYO -- Companies on the Tokyo Stock Exchange's Standard market recently outnumbered those on the TSE's blue chip Prime market for the first time ever as tougher listing requirements take hold.
Mitsubishi Motors not facing production halt from Hormuz crisis: CEO
MANILA -- Supply disruptions for petrochemical and other products caused by the Middle East conflict have yet to become severe enough to trigger a production halt at Mitsubishi Motors, CEO Takao Kato says.