TOKYO --Mitsubishi Materials will invest in a U.S. company that recovers rare earths from industrial waste in a second attempt to enter the field, the company announced Tuesday, betting on advanced refining technology that reduces the cost of recycling.

TOKYO -- The leaders of Japan and France are poised to agree Wednesday to create a roadmap for diversifying supplies of rare earths and other critical minerals, Nikkei has learned.

JAKARTA -- Indonesia on Tuesday announced measures to reduce oil consumption, including a remote work policy and a biodiesel push expansion, as concerns grow over fuel supply shortages and rising fiscal risks from the raging war in the Middle East.

TOKYO -- Japan on Tuesday deployed its first long-range counterstrike weapons designed to hit enemy bases from a safe distance, a move that bolsters its homegrown defenses despite still requiring intelligence cooperation with the U.S.

TOKYO -- France has stepped up efforts to attract electric vehicle battery makers, including subsidizing a Taiwan startup's factory, with an eye on bolstering economic security amid the failure of European producers.

TOKYO -- Japanese energy company Inpex will supply its home country with fossil fuels from Australia on a priority basis as the Strait of Hormuz blockade threatens shipments from the Middle East, Nikkei has learned.

HOUSTON, Texas -- A labor crunch in U.S. construction is leading to challenges for gas turbine manufacturers, a senior executive at Mitsubishi Power said, as the Japanese turbine supplier expands production capacity to meet surging demand for new gas-fired power plants.

TAIPEI -- Huawei has reported its highest annual revenue in five years, driven by robust demand for artificial intelligence and computing, while its nascent smart car solutions also logged healthy growth, defying a persistent U.S. crackdown that limits the Chinese tech company's access to American technologies.

KUALA LUMPUR -- Former Malaysian Prime Minister Najib Razak was ordered by the High Court on Tuesday to pay $1.3 billion to a company under the Finance Ministry for abuse of power and breaching fiduciary duties in connection with the multibillion-dollar 1MDB scandal, local media reported.

NEW DELHI -- India has rolled out a 4.97 billion-rupee ($52.5 million) relief scheme for its exporters affected by logistics disruptions due to the Middle East conflict, aiming to cushion them from "extraordinary" escalations in freight rates, heightened insurance premiums and war-related risks.