COVID-hit Taiwan shuts down all shareholder meetings through June
TAIPEI -- Taiwanese regulators on Thursday suspended all shareholders meetings of listed companies from May 24 through June 30 in response to a recent jump in coronavirus cases.
The Financial Supervisory Commission's order -- which spans the busiest period for annual meetings -- affects 1,931 companies. Taiwan Semiconductor Manufacturing Co. and Hon Hai Precision Industry, better known as Foxconn, were set to hold general meetings on June 8 and June 23, respectively.
The move followed a decision Wednesday by authorities to
Toyota US parts maker hit by cyberattack, data compromised
NAGOYA, Japan -- An American manufacturing unit of Toyota Auto Body was hacked by what is believed to be a Russian cybergang, the Toyota Motor subsidiary said Thursday, with sensitive information exposed online.
The admission came less than a week after another group member of the Japanese auto giant reported a cyberattack.
Toyota Auto Body confirmed that financial and customer data from Auto Parts Manufacturing Mississippi, which makes parts for the Toyota Corolla, was put online. The company declined to say whether it received a demand for ransom but said no
Myanmar coup latest: Military lifts age limit for Min Aung Hlaing post
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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Ford and SK to build $5bn EV battery plant for US supply chain
NEW YORK/SEOUL -- Ford Motor will form a joint venture with South Korea's SK Innovation to manufacture batteries for electric vehicles in the U.S., the companies said Thursday.
Through the venture, named BlueOvalSK, the two partners will invest about $5.3 billion to build a new battery plan in the U.S.
The announcement, which comes ahead of a summit between U.S. President Joe Biden and his South Korean counterpart Moon Jae-in on Friday, marks the latest
Cryptocurrency's volatility amplified as big investors join fray
TOKYO -- Cryptocurrencies have injected greater volatility into global financial markets as these assets gain traction not just with retail investors but also among big institutional players like BlackRock.
This volatility was thrown into sharp relief Wednesday, when a rout in bitcoin, Ethereum and other digital money quickly spread into the stock market.
The crash came after China signaled a larger crackdown on cryptocurrencies amid concerns that the growing asset class could destabilize financial systems. The China Banking Association and other industry groups on Tuesday instructed financial institutions not to provide crypto-related
The rise and fall of global steel baron Sanjeev Gupta
Lionel Barber is former editor of the Financial Times. He is author of "The Powerful and the Damned: Private Diaries in Turbulent Times."
In his heyday, Sanjeev Gupta was renowned as "the savior of steel." The Indian-born British businessman cast himself as the scrappy outsider on a mission to rescue dying industrial communities, from South Wales to South Australia.
Thanks in part to generous government subsidies, Gupta, 49, built a steel and commodities empire that would eventually span four continents, employing 3

GoTo sets up three-way battle for Southeast Asian tech dominance
SINGAPORE -- Imagine if U.S. e-commerce giant Amazon, food delivery company DoorDash and ride-hailing app Uber Technologies were to join forces. That is the potential that the Gojek-Tokopedia partnership holds for Indonesia, the world's fourth-most-populous nation and one of the fastest-growing digital economies.
Gojek and Tokopedia -- already unicorns in their own right -- on Monday announced they will merge and create a holding company dubbed GoTo Group, covering everything from ride-hailing and

Arctic Council adopts first strategic vision for High North
BRUSSELS -- Foreign ministers from the eight Arctic Council nations adopted the forum's first strategic plan to combat climate change and promote sustainable economic development in the sensitive region during their meeting Thursday in Iceland's capital, Reykjavik.
The members, which include the U.S., Russia and Canada, outlined policy objectives through 2030 and agreed in the plan that "norms and standards that affect Arctic waters" need to be developed, as maritime activity increases with the melting of the ice.
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India's top diplomat seeks 'decentralized globalization' after COVID
TOKYO -- Indian External Affairs Minister Subrahmanyam Jaishankar on Thursday made a pitch for India's rise as an alternative engine for global and regional growth, calling for "decentralized globalization."
Multiple supply chains, Jaishankar argued at Nikkei's Future of Asia conference, would prevent a recurrence of a trend that emerged from COVID-19, during which countries broke commitments and blocked export lines, creating shortages of critical goods.
"The nature of the COVID experience has also brought to fore concerns of trust and transparency,

Shangri-La Dialogue canceled as COVID cases rise in Singapore
SINGAPORE -- Days after the World Economic Forum canceled August's special annual meeting in Singapore, the city-state lost another major international event: the annual Asia Security Summit, known as the Shangri-La Dialogue.
The organizer, the International Institute for Strategic Studies, said it scrapped the event scheduled for early June due to the rising number of COVID-19 cases in the region and the city-state.
"Unfortunately the global COVID-19 situation has recently deteriorated, in part because of the