HANOI -- A joint venture involving South Korea's Hyundai Engineering and Construction seeks $114.7 million in damages from the city of Hanoi for delays in completing an urban rail project in the Vietnamese capital.

The joint venture with Italian infrastructure builder Ghella is the lead contractor in building the underground portion of the Hanoi Metro Line 3, a 12.5 km link connecting the capital and the western suburb of Nhon.

Construction was first slated for completion in 2018, but the date has

WASHINGTON -- China may consider military action on Taiwan by the next U.S. presidential election in 2024, former U.S. National Security Adviser Robert O'Brien recently told Nikkei, raising the alarm over the growing tensions in the Taiwan Strait.

O'Brien predicted that China will not do anything to jeopardize the Beijing Olympics in February. But Beijing worries that former President Donald Trump or a China hawk like former Secretary of State Mike Pompeo will win the White House in 2024

Nobuko Kobayashi is a partner with EY Strategy and Consulting Co., Ltd., Strategy and Transactions -- EY-Parthenon.

It is tempting to write Japan off as a sunset country when it comes to innovation.

From over 50% global market share in the 1980s, Japanese semiconductors fell to 6% in 2020, while none of the global digital giants that have dominated world market capitalization ranking since the 2010s is Japanese. If pressed for memorable Japanese innovation

GLASGOW, Scotland -- U.S. President Joe Biden and Indonesian counterpart Joko "Jokowi" Widodo shared concern over the situation in Myanmar and agreed to seek its swift return to democracy in their first summit Monday.

The two leaders "expressed concern about the coup in Burma and agreed the Burmese military must cease violence, release all political prisoners, and provide for a swift return to democracy," a White House readout said, referring to Myanmar by its former name. They met on the sidelines of the COP2

TAIPEI -- Taiwan's tech sector is booming on the back of companies such as chip juggernaut Taiwan Semiconductor Manufacturing Co., but the headline numbers for the rapidly expanding economy mask a daily struggle for much of the island's workforce.

To survive on Taiwan's minimum wage of 160 New Taiwan dollars ($5.75) an hour, 22-year old Vivian Liao has found ways to eat for less than NT$200 a day. It takes some careful math

U.S. President Joe Biden addressed the United Nations COP26 climate summit in Glasgow, Scotland, on Monday. The following is an edited transcript of his remarks, incorporating corrections and clarifications by the White House.

Ladies and gentlemen, to state the obvious, we meet with the eyes of history upon us and the profound questions before us. It's simple: Will we act? Will we do what is necessary? Will we seize the enormous opportunity before us? Or will we condemn future generations to

PHNOM PENH -- Cambodia has become the latest country to voice its intention to move away from coal, though experts question how much impact the policy will have given the number of previously approved fossil fuel projects and import deals.

Cambodia's Energy Minister Suy Sem outlined the country's stance in a recent meeting with the British Ambassador Tina Redshaw, held to discuss policy ahead of this week's United Nations climate change conference in Glasgow.

Cambodia plans on "increasing the use of renewable energy and other energy sources that

TOKYO -- Itochu is likely to post a record net profit of more than 670 billion yen ($5.8 billion) this fiscal year through March 2022, up 70% from the previous year, Nikkei has learned, as the Japanese trading house caters to growing demand from clients seeking help with digital transformation.

Itochu, backed by Warren Buffett's Berkshire Hathaway, joins the list of companies offering support for business reforms through the use of artificial intelligence and big data.

The company

TOKYO -- Japanese Prime Minister Fumio Kishida on Monday pledged to provide financial support to part-time workers, families with small children and pandemic-stricken businesses regardless of industry, following his party's victory in the previous day's lower house election.

With the vote out of the way, Kishida faces the tougher challenge of rejuvenating the pandemic-hit economy while also keeping COVID-19 under control, as he attempts to ensure his government's longevity. "I plan to implement policies with a sense