GUANGZHOU -- China's Huawei Technologies is betting on emerging markets to reinvigorate its overseas business, which at one time accounted for around 70% of its total revenue, as a U.S.-led boycott of the company continues to cloud its outlook in Western markets.

In June, Senegal opened a 70 million euro ($83 million) data center. Local media quoted President Macky Sall as saying at the opening ceremony that data from each province of the West African nation will go through the

TOKYO -- India's government and courts are showing more willingness to abide by international arbitration decisions, a trend that bodes well for companies like Amazon.com. that have contracts in the vast South Asian economy.

One such sign is the Modi government's move to repeal a retrospective tax introduced in 2012 that imposes levies on certain transactions that occurred before the rule was in place.

Tax authorities had used this provision to go after foreign companies, slapping them with hefty taxes on earlier deals. Those

Boonsithi Chokwatana is the Chairman of Saha Group, Thailand's leading consumer products conglomerate. This is part 24 of a 30-part series .

By the time the 2000s rolled around, the Thai economy had recovered from the Asian financial crisis and regained growth potential. We started venturing into the retail industry, which we had previously avoided, and the restaurant industry, from which we had withdrawn once.

As for the retail industry, we invested in supermarket operator Yaohan in the second half of

NEW YORK -- The International Monetary Fund announced on Wednesday that Afghanistan will not be able to access funding from the organization, including an upcoming payment of nearly half a billion dollars, as the Taliban establishes control in Kabul.

The decision comes amid uncertainty over whether the international community will recognize a new Islamist insurgent-run government and warnings of an economic crisis on top of the security chaos in the country.

"As is always the case, the IMF is guided by the views of the international community," said an

HONG KONG -- China Evergrande Group, the world's most indebted property developer, raised 1 billion yuan ($154 million) by selling a part of its stake in regional lender Shengjing Bank to units of a city government which is expected to further increase its holdings.

Shengjing Bank said in a statement on Wednesday that Evergrande sold 166.67 million shares representing a 1.9% stake at 6 yuan each to two state-backed units of northeastern Shenyang city. The bank's

HONG KONG -- Mudslinging between the chairman of WH Group and his son drove off investors from the world's largest pork producer on Wednesday.

Shares of Hong Kong-listed WH sank 11.3% to HK$5.95, wiping out 11.2 billion Hong Kong dollars ($1.44 billion) of market value. Core subsidiary Henan Shaunghui Investment and Development shed 5.5% to close at 26.29 yuan in Shenzhen, ceding 5.33

GUANGZHOU -- Honda Motor plans to ramp up its capacity to build electric cars and other so-called new-energy vehicles in China, Nikkei has learned, as the Japanese automaker aims to catch up with rivals in this segment of the world's largest auto market.

Honda will invest about 3 billion yuan ($462 million) through a joint venture to expand an existing factory in the southern city of Guangzhou.

The move by Honda, which has seen its Chinese sales grow in recent years, adds

HONG KONG -- The Chinese tech group Tencent Holdings has told investors to expect more regulation of the internet in the near future, as Beijing increases pressure on issues ranging from data privacy to protection of minors.

The prediction came as the company reported a better-than-expected quarterly profit thanks to its thriving advertising and services businesses. But China's crackdown in other areas, including gaming, has knocked about 40% from its market value since January.

"Regulation has been actually quite loose over an industry like

TOKYO -- Japan's Defense Ministry will seek a fiscal 2022 budget of more than 5.4 trillion yen ($49.3 billion), a record amount that could surpass the long-standing cap of 1% of gross domestic product.

Japan has already signaled that it may not stick with the 1% GDP cap as it bolsters defenses against the growing Chinese threat in the region.

The amount is expected to be on par with the fiscal 2021 request of 5.