Toyota to cut global output 15% in November due to chip shortage
NAGOYA, Japan -- Toyota Motor will cut its global auto production in November by 15% from its latest output plan, or around 150,000 vehicles, due to a shortage of semiconductors and the power crunch in China, Nikkei has learned.
The move comes after the Japanese automaker cut its production by 40% from its initial plan from September to October as the resurgence of COVID-19 infections in Southeast Asia disrupted the supply chain for auto parts.
Toyota will maintain its global
Cambodia's PM wants law change to shut door on opponents
PHNOM PENH -- Hun Sen, Cambodia's prime minister for more than three decades, will make it even more difficult for some of his longtime opponents to seek to replace him ahead of elections in 2022 and 2023 by making top posts off-limits to dual nationals.
Riled by a now-corrected mistake in a British newspaper, Hun Sen's government is set to alter the country's constitution to exclude dual citizens from top political positions.
After the story in The Guardian

Apple taps China's BOE for premium displays for iPhone 13
TAIPEI/BEIJING -- Apple has added China's BOE Technology to its list of premium display suppliers for the latest iPhone, providing a major boost to Beijing's tech ambitions -- and added pressure on existing suppliers like Samsung.
The Beijing-based display maker began shipping a small number of organic light-emitting diode (OLED) displays for the 6.1-inch iPhone 13 in late September and is scheduled to increase those shipments soon, pending a final verification process, multiple people familiar with the
Renesas sticks to 'fab-lite' despite Japan's semiconductor push
TOKYO -- Renesas Electronics, one of the world's largest automotive chipmakers, says it will outsource more of its production, even as the Japanese government pushes to revive local semiconductor manufacturing.
While the Tokyo-based company produces some of its chips in-house, it relies on overseas chipmakers such as Taiwan Semiconductor Manufacturing Co. for its more advanced offerings, a strategy it intends to stick to in order to maintain its focus on profitability.
"For the longer term, as you move to more advanced nodes,

China's CPTPP push a gambit to break Asia-Pacific solidarity
TOKYO -- In September, China and Taiwan applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, a regional trade accord formerly known as the TPP. Taiwan's application came on the heels of China's move.
How the group of 11 Asia-Pacific countries responds to China's bid for CPTPP membership will have huge strategic implications not just for the region but also for the entire world.
The CPTPP is not just an economic framework simply for setting new terms of trade and business

Indonesian and Indian coal miners rally amid China energy crisis
TOKYO -- Shares in Asian coal miners are surging as China's ravenous appetite for energy and widespread disruption to supplies push up coal prices.
Investors' rekindled enthusiasm for coal, however, comes amid a global push for cleaner energy, leaving companies with a dilemma over whether and how much to increase output of the commodity.
Indonesia's largest coal producer, Bumi Resources, has seen its shares jump more than 70% since the end of August, while its peers Adaro Energy and Indika Energy have climbed 5

India power crunch raises concern about aluminum production
NEW DELHI -- India finds itself in the midst of a power crisis similar to the one darkening China after coal inventories have fallen to just a four-day supply. A shortage of coal is increasing costs across India's manufacturing sector, prompting concern it could quickly feed through to a rise in inflation.
Coal accounts for about 70% of electricity generation in Asia's third-largest economy. Of 135 thermal plants in the country, 107 do not have enough coal to last more

AUKUS and the dawn of realpolitik minilateralism in the Indo-Pacific
Alessio Patalano is professor of war and strategy in East Asia at King's College London and senior fellow at Policy Exchange.
The announcement of the AUKUS defense and security pact, including Australia, the U.K. and the U.S., is a once-in-a-generation moment in international affairs.
Realpolitik diplomacy in the Indo-Pacific to counter state-on-state competition has replaced stabilization operations in the Middle East and Central Asia as the main focus of Anglo-American security practice.
Chinese investors jostle over Argentine lithium mines
TOKYO -- Chinese companies have splurged over $1 billion on rights over three lithium mines in Argentina in as many weeks as a race to secure supplies of the "white gold" critical to most production of electric car batteries revs up.
Argentina, which has lagged Chile and Australia in lithium output, has been reforming laws, reducing taxes and improving infrastructure with an eye toward boosting export revenues.
This has drawn attention even from companies outside the lithium mining sector, including Chinese state-owned gold and copper producer Zijin Mining
U.S. overtakes China in bitcoin mining after Beijing clampdown
TOKYO -- The U.S. is now the leading country for bitcoin mining, doubling its share in the energy-intensive activity in the four months since China began a cryptocurrency crackdown, according to researchers that track mining activity.
Researchers at the Cambridge Center for Alternative Finance found that the U.S. share of average monthly global hashrate -- the computational power used to mint new bitcoin and process transactions -- grew to 35.4% in August from 16.9% in April.
Chinese
