India's Jet Airways aims to fly again by year-end with rehab plan cleared
TOKYO -- Indian bankruptcy authorities have accepted a rehabilitation plan submitted by sponsors of embattled carrier Jet Airways, opening the door for service to resume by the end of the year.
Although the National Company Law Tribunal approved the plan offered by London-based Kalrock Capital and Dubai businessman Murari Lal Jalan, the semi-judicial panel rejected the consortium's request to restore all of Jet Airways' airport slots.
Instead, the tribunal told Indian aviation authorities to redetermine the allocation of any airport slots to Jet Airways within a 9
Myanmar coup latest: UN estimates over 225,000 displaced this year
YANGON/BANGKOK -- Myanmar's military on Feb. 1 detained State Counselor Aung San Suu Kyi and President Win Myint in the country's first coup since 1988, bringing an end to a decade of civilian rule.
The Suu Kyi-led National League for Democracy had won a landslide in a general election in November . But the military has claimed the election was marred by fraud.
For all our coverage, visit our Myanmar Coup page.
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Chinese Tesla rival Xpeng to raise up to $2bn via Hong Kong IPO
HONG KONG -- U.S.-listed Chinese electric vehicle maker Xpeng on Thursday opened a Hong Kong share sale for subscription with an aim to raise as much as $2 billion, reviving the so-called homecoming listings.
The primary dual listing of 85 million shares will be open until Tuesday and is scheduled to price the next day, according to a term sheet seen by Nikkei Asia. The company will make its Hong Kong debut on July 7. Two Hong Kong shares will be equal to one American
EV price war to heat up as Mitsubishi readies sub-$18,000 car
TOKYO -- The global battle to offer affordable electric vehicles will soon grow more intense as automakers in Japan and Europe prepare to offer cheaper models that can compete with Chinese rivals.
Mitsubishi Motors will offer an electric mini-vehicle for under 2 million yen ($18,100) in Japan by fiscal 2023, joining the growing ranks of automakers pursuing lower prices to catch up with cheaper Chinese EV rivals.
Electric vehicles still tend to carry higher sticker prices than gasoline-fueled autos. But
Japan tax revenue grows in fiscal 2020 despite pandemic
TOKYO -- Japan collected more taxes in fiscal 2020 than the government had expected, with revenue coming in higher than fiscal 2019's pre-pandemic figure, helped by a limited impact on corporate earnings, Nikkei has learned.
Japan's tax revenue exceeded 58 trillion yen ($523 billion), beating the government's expectations by over 3 trillion yen, sources said. The total is higher than the 2019 revenue of 58.4 trillion
Japan police take page from FBI with national cybercrime team
TOKYO -- Japan will establish a centralized police unit as early as fiscal 2022 to investigate serious cybercrimes, following the lead of countries taking a national-first approach to serious threats.
The National Police Agency looks to set up a response team for probes as well as a bureau to direct and oversee these efforts, with a total of about 400 personnel. The national authorities -- who usually do not handle primary investigations themselves -- will focus on incidents that cause widespread damage, such as those
Hong Kong's 29-year-old crypto billionaire: FTX's Sam Bankman-Fried
HONG KONG -- In 2021, one of Hong Kong's richest people -- indeed, the world's richest person under 30 years old -- is not an old-money-family heir but a U.S. native who built his fortune in the cutting-edge world of cryptocurrency.
Sam Bankman-Fried is worth $8.7 billion, according to Forbes. But that number could get "a lot bigger" depending on the outcome of a fundraising round that he

How Asia shamed the West and protected its urban poor from COVID
Andrea Dugo is a dual master's degree student in European affairs at Sciences Po, Paris, and in public policy at the Lee Kuan Yew School of Public Policy, Singapore.
Regardless of whether you asked the world's most accomplished epidemiologist or the average person on the street, most people would agree that the coronavirus pandemic has not affected everybody equally.
As the International Monetary Fund has noted, "the pandemic and the efforts to control it have disproportionately hurt the poor, both within and across countries."
This
North Korea plays hardball with US over reviving nuclear talks
SEOUL/WASHINGTON -- As speculation swirls around renewing a nuclear dialogue between the U.S. and North Korea, Pyongyang has upped the ante by signaling they will not return to the negotiating table without concessions from Washington.
"We are not considering even the possibility of any contact with the U.S., let alone having it, which would get us nowhere, only taking up precious time," North Korean Foreign Minister Ri Son Gwon said in a statement issued Wednesday.
This came the day after Kim Jong
Firebrand Indonesian cleric gets 4 years for COVID test lies
JAKARTA -- A firebrand Indonesian cleric was sentenced to four years in prison on Thursday for lying about his COVID-19 test result.
Hundreds of supporters of Muhammad Rizieq Shihab protested outside the East Jakarta District Court, where judges ruled that he was guilty of violating a clause in Indonesia's 1946 criminal law that stipulates spreading lies purposefully to create public chaos.
In his public statements after leaving a hospital in Bogor, West Java, in late November, the cleric denied rumors he had contracted coronavirus,
