Iran war-related gas shortage renews focus on India storage

HOUSTON, Texas -- India needs to prioritize developing natural gas storage and create a policy framework that incentivizes private developers, the head of an Indian pipeline owner said on Wednesday, as the South Asian country faces energy supply disruptions triggered by the U.S.-Israeli war with Iran.


Taiwan minister calls for removal of China-born opposition lawmaker

TAIPEI -- A row over whether a Chinese national nominated to be a legislator should be exempted from a law requiring single nationality for public office holders has taken center stage in Taiwan's politics, fueling the showdown between President Lai Ching-te's administration and the opposition coalition that seeks closer ties with Beijing.


Taiwan's Kinsus bets billions to keep pace with Nvidia and TSMC's AI plans

TAOYUAN, Taiwan -- Taiwan's leading chip substrate supplier Kinsus is spending billions of dollars to expand capacity and upgrade technology to keep up with the needs of Nvidia and Taiwan Semiconductor Manufacturing Co. in the race to capture more of booming AI demand.


As Wegovy patent ends in India, generic drugs flood a niche market

BENGALURU -- Ameya Nagarajan forks out nearly 25,000 rupees ($270) every month for weight-loss drugs, 20% more than the average monthly income of a salaried Indian.


Indonesia deflects airlines' requests to raise airfare caps

JAKARTA -- The Indonesian government has deferred a decision on airlines' calls to raise the legal ceilings on domestic airfares despite complaints from the industry that operating costs are rising due to higher oil prices.


Nikkei Asia wins two SABEW Best in Business Awards for 2025

TOKYO -- Nikkei Asia has won two 2025 Best in Business Awards from the U.S. Society for Advancing Business Editing and Writing (SABEW), marking the fifth consecutive year it has received top honors in the prestigious journalism competition.


Iran war exposes energy divide between Bangladesh, solar-rich Pakistan

TOKYO/ISLAMABAD/DHAKA -- Back in 2022, Murtaza Ali, owner of a sanitary hardware retailer in Islamabad, liquidated his savings to install solar panels at his home amid skyrocketing electricity prices.


UK trial of 2 alleged Hong Kong spies unveils transnational network

LONDON -- Two men accused of spying for the Hong Kong government operated a transnational network of proxies to conduct "shadow policing" activities in the U.K., a jury was told over the past three weeks.


Lynas plans Vietnam rare earth metal plant with LS Cable & System

CANBERRA -- Australian rare earth miner and refiner Lynas aims to jointly develop a metallization plant in Vietnam with a subsidiary of South Korea's LS Cable & System.


Singapore debuts gold ETF amid Iran war-driven price downturn

SINGAPORE -- Singapore on Thursday debuted its first exchange traded fund (ETF) tracking domestically-vaulted gold on its stock market, expanding retail investors' access to the precious metal.