China debt crunch State-owned operator’s deficit and chairman’s exit show strain from effort to save developer Despite record losses, Shenzhen Metro said its operations, cash flow and debt-servicing ability remain unaffected. (Nikkei montage/Source photos by Wataru Suzuki, Getty Images and Reuters) SHANGHAI — Shenzhen Metro Group on Wednesday reported a record net loss of 37.5 […]

Ommathi, a village along the Mandalay-Lashio road, is still heavily scarred by civil war clashes and, more than six months after its recapture by Myanmar’s military, remains largely deserted. (All photos by Nikkei Asia contributing writer) Myanmar Crisis Journey through Shan State highlights devastation of five-year conflict Nikkei Asia contributing writer

Supply Chain Kioxia-backed chip developer to expand in U.S., Malaysia, India as AI booms Phison’s CEO  K.S. Pua says it could be unhealthy for industry development if memory chip prices continue to surge. TAIPEI — The global memory chip supply crunch could last much longer than expected as China and the U.S. race to build up their […]

Meta, owner of social media platforms including Facebook and Instagram, announced results for the first quarter on April 29. © Reuters PALO ALTO, California — Meta reported upbeat quarterly results Wednesday after the bell with 33% year-over-year revenue growth, but investors questioned a ramp up on AI spending with annual capital expenditure guidance rises.

Defense Tax cuts and subsidies to go ahead even as defense spending set to rise Japanese Prime Minister Sanae Takaichi with U.S. President Donald Trump on the USS George Washington aircraft carrier docked at Yokosuka City, Japan, late last year.  © Kyodo TOKYO — Japan is poised to raise defense spending, but is not trimming in […]

Environment Major insurers based in Japan and Europe among those offering crop insurance Parts of the Amazon rainforest are often deforested and burned to clear way for new farmland. © Reuters SAO PAULO — The Brazilian government will enact a comprehensive ban against insurance policies covering farmland cultivated in illegally deforested fields, in an effort […]

Ricardo Stuckert / PR President Luiz Inácio Lula da Silva signed this Tuesday (28), at Palácio do Planalto, the decree promulgating the agreement between Mercosur and the European Union (EU). The treaty should enter into force, provisionally, from May 1st in Brazil. Super Rectangle (728×90) – Position 17 The measure is the final […]

Energy Sale to Fixx Energy comes amid tightened restrictions on China-linked firms A licensing agreement that is part of the deal will allow AESC technology to be be used in battery cells that will be sold under Fixx Energy. (Photo by Yuki Kohara) BRISBANE, Australia — Chinese-owned battery maker Automotive Energy Supply Corp has sold a […]

Ukraine war Mothers and wives receive calls claiming to know loved ones’ whereabouts A mother and son walk past families holding a banner showing the photographs of 12,600 prisoners of war and missing people, in Kyiv on April 6. (Photo by Eiji Furukawa) KYIV — The man spoke in Russian in a calm, businesslike tone. […]

Semiconductors Chipmaking materials are now its cash cow, but stock market remains unimpressed Toto manufactures three core products for chipmaking equipment: electrostatic chucks, upper left, aerosol deposition components, lower left, and durable structural parts used in equipment for producing large LCD panels. (Toto) TOKYO — Japan’s Toto may be best known for churning out toilets, bathtubs […]