MUMBAI -- The Indian auto market dominated by two companies, Maruti Suzuki and Hyundai Motor, is becoming even more so now that Ford announced its departure last month following the exit of American compatriot General Motors last year. But electric vehicles could challenge the duo, as U.S. upstart Tesla prepares to enter the market.

"Despite investing significantly in India, Ford has accumulated more than $2 billion of operating losses over the past 10 years and demand for new vehicles has been much weaker than forecast,"

TOKYO -- Despite a homebuilding industry that went into a virtual standstill during the pandemic, Japan last year used its highest rate of domestically produced lumber since 1972. The reason -- they burned more of it for energy as part of a broader decarbonization drive.

But even with the 48-year high in lumber self-sufficiency, some in the industry are saying more needs to be done to boost Japan's production to achieve an even higher level.

"We need to increase the use of

TOKYO -- Recent North Korean rocket tests have raised the possibility that Japan's current missile defenses may be rendered ineffective, forcing policymakers here to consider new options -- including a constellation of small tracking satellites and the ability to attack the missile launch itself in enemy territory.

North Korea test-fired a projectile toward the Sea of Japan on Sept. 28, later identifying it as the Hwasong-8 -- a hypersonic missile whose speed and complex trajectory would make it almost impossible for a missile shield to shoot

Nina Xiang is the founder of FutureLogic, a media platform bridging the Asian and global innovation economy. She is the author of "US-China Tech War: What Chinese Tech History Reveals About Future Tech Rivalry."

Chinese president Xi Jinping has been worried about China's reliance on foreign technology for a while, repeatedly airing his concerns ever since he became president.

Perhaps most memorably, Xi said in 2016 that the Chinese internet sector's reliance on foreign core components was like "building a house

MUMBAI -- Wearing only a saffron colored dhoti, and striking a yoga pose, India's most popular yoga evangelist Swami Ramdev takes his followers by surprise in a yoga session: "Do you want to be a millionaire? I will give you the mantra to become a millionaire. First open a demat account to trade in the stock markets and when I tell you, buy shares of Ruchi Soya. Then invest in Patanjali Ayurved, whose brand equity and market cap is in lakhs of crores and you can get it

Welcome to Your Week in Asia.

This week will kick off with a nail-biter: Chinese property developer Evergrande will face another debt payment deadline on Monday. Investors will be closely following a string of Chinese economic indicators later in the week for further clues on the country's financial condition.

Uniqlo owner Fast Retailing and Muji operator Ryohin Keikaku, both of which have large businesses in China, will announce earnings on Thursday.

Thursday could also be a big day for supply chain watchers. Taiwan Semiconductor Manufacturing Company, the

SEOUL -- The son of street cleaner from outside South Korea's political elite was named Sunday as the ruling Democratic Party's candidate for the presidential election next March.

Gyeonggi Province Governor Lee Jae-myung picked up 50.3% of the vote over three rounds of polling by members of President Moon Jae-in's center-left party and citizens. He beat former Prime Minister Lee Nak-yon into second place with 39.1%.

Lee, 56, was born into