HONG KONG -- Chinese premium electric vehicle maker Nio plans to launch a mass-market brand to take on Tesla, and will roll out three new models next year as it tries to widen its customer base.

The planned models include its first premium sedan, the ET 7, and a cheaper variant to add to Nio's current lineup of three sport utility vehicles as it leans on falling battery costs and rising production volumes to keep prices down, William Li, Nio's chairman and chief executive, said after

TOKYO -- When U.S. President Richard Nixon decided in the summer of 1971 to suspend the dollar's convertibility into gold, the postwar system of fixed exchange rates that pegged the yen at 360 to the greenback collapsed, throwing the Japanese economy into turmoil.

Toyoo Gyoten, honorary adviser to the Institute for International Monetary Affairs, a Tokyo-based think tank, and a former Japanese Vice Minister of Finance for International Affairs, discussed the legacy of the "Nixon shock" in an

TAIPEI -- China's Honor, the former budget handset line of Huawei Technologies, is set for its first global smartphone launch on Thursday since being spun off from its embattled parent to skirt U.S. export controls on vital components.

Honor's Magic 3 series will adopt Qualcomm's Snapdragon 888 Plus 5G mobile platform, the U.S. mobile chip giant's most premium mobile processor. Domestic rival Xiaomi, the world's second-largest smartphone maker, uses the same

TOKYO -- After two weeks, the sporting events of the Tokyo Olympics are over . The U.S. pipped China by 39 to 38 to win the most golds, while Japan came in third with a record 27. The closing ceremony on Sunday evening brought the Games to a conclusion, with the Olympic flag handed over to Paris.

Next up are the Paralympics, scheduled to be held from Aug. 24 to Sept. 5.

Here is the final medal count .

Here are the latest

MOSCOW -- A large-scale joint counterterrorism exercise in northwestern China this week has highlighted Beijing's and Moscow's shared concern over violence spilling over from Afghanistan.

Often regarded as economic rivals in Central Asia, the prospect of extremist groups gaining a foothold on their doorsteps is bringing China and Russia closer together, experts say. Some suggest that a Central Asian security crisis could even prompt joint military intervention, though others suspect such a partnership might quickly revert to competition.

Over 10,000 troops from

BANGKOK -- Charoen Pokphand Group, Thailand's largest conglomerate, is making the Lotus supermarket chain its own again, pursuing a digital-forward strategy and putting the group's full weight behind a comeback push.

The $10.5 billion-plus acquisition of Tesco's Southeast Asian operations late last year brought the chain back under CP Group more than two decades after the initial sale. The conglomerate has since been rebranding and adapting the stores to consumer habits that have changed amid the coronavirus pandemic and competition

TOKYO -- With India on pace to become the world's most populous country by the end of the decade, some states are looking to slam the brakes on population growth through incentives that reward couples for having no more than two children.

The controversial policy proposals, which include penalties for bigger families, are being driven by worries that a swelling population will put further strain on a tight job market, as well as supplies of food, electricity and other necessities.

Uttar Pradesh, a poor northern state that is home

TOKYO -- Toshiba turned to profit in the April-June quarter for the first time in two years, as the company faces management shake-ups and governance questions from shareholders.

The Japanese industrial conglomerate generated an operating profit of 14.5 billion yen ($131.3 million) in the first quarter to end-June, up by 27 billion yen from the same period in 2020 during the pandemic. Revenue increased by 21% to 727.8 billion

Boonsithi Chokwatana is chairman of Saha Group, Thailand's leading consumer products conglomerate. This is part 19 of a 30-part series .

Saha has grown through collaboration with many Japanese companies. So far, I have mainly discussed those that were successful, but of course some did not pan out. I would like to discuss a few examples that did not go as planned, if only to admonish myself.

When I went on a business trip to Japan in the late 1960s, I