MUMBAI -- A spate of product mishaps, heat from its major client and the rise of private competitors have plagued state-run Hindustan Aeronautics Ltd. (HAL), India's primary manufacturer of fighter aircraft, driving an 11.8% slide in its share price over the past six months even as the country moves to boost spending on aerial defense.
China firms launch OpenClaw rivals as Beijing warns against viral AI agent
HONG KONG -- Chinese artificial intelligence companies, from established giants to startups, are launching their own versions of AI agent OpenClaw as Beijing repeatedly warns of the risks of using the Western-developed tool that has taken the Chinese tech world and social media by storm.
Iran conflict raises fears of US defense shift away from East Asia
SEOUL -- Escalating U.S. military engagement in the Middle East is fueling anxiety among Washington's East Asian partners over America's security commitment, specifically whether President Donald Trump's administration might divert military assets from the strategically vital region.
VinFast offers EV discounts for drivers hit by Iran war fuel price hike
HO CHI MINH CITY -- VinFast is offering discounts on electric vehicles to owners of gas-powered cars in Vietnam, India, Indonesia and the Philippines, seizing on drivers' anxiety caused by the war in Iran driving oil prices sharply higher.
Japan's cabinet submits immigration bill seeking 'well-ordered coexistence'
TOKYO -- Japanese Prime Minister Sanae Takaichi's cabinet has submitted a bill to the Diet to amend the Immigration Control Act, marking the government's latest move in its aim to push forward policies aimed at realizing a "society of well-ordered and harmonious coexistence with foreign nationals."
Ex-rapper set to become Nepal's youngest PM after landslide polls
KATHMANDU -- The Rastriya Swatantra Party, founded three years ago by a former television host, has secured the pole position in Nepal's parliamentary elections held last week, putting its 35-year-old leader, the rapper-turned-mayor Balendra Shah on track to become the country's youngest prime minister.
Currency option trades signal growing caution over weak yen
TOKYO -- Currency option trades that bet on the yen weakening against the dollar reached their highest level in roughly a month and a half on Tuesday, as uncertainty over U.S. and Israeli attacks on Iran kept markets on edge.
Thai used-car market wilts under household debt, cheap Chinese EVs
BANGKOK -- Used-car dealers in Thailand are increasingly failing as debt-burdened households struggle to take out and repay auto loans, pushing down prices.
Japan's next push for casino resorts sparks race for remaining bids
TOKYO -- Japan is gearing up to accept proposals for two more integrated casinos besides the one planned for Osaka, with some regional governments already expressing interest.