TOKYO -- Cathay Pacific Airways on Wednesday announced solid annual results but warned of a bumpy ride ahead, as the war in Iran sends fuel prices soaring and spreads alarm across the global aviation industry.

TOKYO -- Oasis Management, a Hong Kong-based activist investor, has acquired a 6.7% stake in Nidec, the scandal-hit Japanese motor maker, according to a regulatory filing disclosed on Wednesday, and has demanded the Kyoto-based company undertake a governance overhaul.

ISLAMABAD -- Pakistan is rolling out its 5G cellular services this year as the government has allocated the 5G spectrum to three telecom operators through an auction held Tuesday, in a move to catch up with its South Asian peers.

TOKYO -- Japanese Prime Minister Sanae Takaichi told reporters on Wednesday that Japan will release its oil reserve as early as next Monday in an independent Japanese initiative rather than as part of a coordinated international effort.

TOKYO -- A container ship operated by Ocean Network Express (ONE), which is backed by Japan's three major shipping companies, was damaged while sailing in the Persian Gulf on Wednesday.

ISLAMABAD -- Pakistan is rolling out its 5G cellular services this year as the government has allocated the 5G spectrum to three telecom operators through an auction held Tuesday, in a move to catch up with its South Asian peers.

TOKYO -- Cathay Pacific Airways on Wednesday announced solid annual results but warned of a bumpy ride ahead, as the war in Iran pushes up fuel prices and spreads alarm across the global aviation industry.

TAIPEI -- Taiwan is bracing for impact from rising energy prices and supply disruptions as economists and experts warn that the key Asia tech economy is particularly vulnerable to fallout from the Iran war.

JAKARTA -- The Indonesian government's cuts to coal and nickel production quotas aimed at propping up prices have sparked complaints from miners and related industries, including power plant operators wary of shortages.