Business

Commodities Tax bump follows Modi’s urging to avoid gold, cut fuel use, promote EVs and work from home A saleswoman shows off gold necklaces inside a jewelry store in Kolkata on Jan. 28. Dealers are reeling now that Prime Minister Narendra Modi has asked Indians to curtail purchases of the precious metal. MUMBAI — Indian jewelers are bracing […]

Politics Prosecutors demand ex-education minister pay back $275m or serve extra 9 years Nadiem Makarim, a former Indonesian education minister and co-founder of the country’s ride-hailing giant Gojek, faces 18 years in prison for alleged graft in the procurement of Google Chromebook laptops for remote schools. © Reuters JAKARTA — Indonesian prosecutors on Wednesday demanded 18 years in prison […]

Automobiles Struggling carmaker beginning to see results from business restructuring plan Nissan Motor is beginning to see results from Re:Nissan, the restructuring plan Ivan Espinosa, the president and CEO appointed last year, is implementing. (Photo by Marina Inoue) YURIKA YONEDA and YUICHI SHIGA May 13, 2026 17:12 JST Updated on May 13, 2026 21:18 JST TOKYO — […]

SHANGHAI/TOKYO — U.S. President Donald Trump is making his first visit to China in nearly nine years, as the rival superpowers aim to stabilize their fraught relationship. The American president arrived Wednesday evening and is scheduled to stay until Friday. An itinerary released by the White House includes plenty of face time with Chinese President Xi […]

JAKARTA –Indonesian equities plummeted on Wednesday after an index provider removed six local companies from the domestic global standard index following a quarterly review and the weakening of the rupiah. The Jakarta Composite Index (JCI) closed 1.98% lower at 6,723.32, while the rupiah weakened to an all-time low of 17,535 on the dollar. A total of […]

Chinese tech titans Tencent and Alibaba are betting heavily on integrating in-house AI into their vast ecosystems. (Source photos by Tomoko Wakasugi and Itsuro Fujino) CISSY ZHOU and LORRETTA CHEN HONG KONG — Tencent Holdings and Alibaba Group missed sales expectations for the March quarter, as they were unable to monetize artificial intelligence as quickly […]

SoftBank AI holdings drive Vision Fund gains as billions more committed to ChatGPT maker SoftBank CEO Masayoshi Son, left, has made one of the group’s biggest bets with a huge investment in counterpart Sam Altman’s OpenAI.  © Reuters TSUBASA SURUGA May 13, 2026 16:12 JST Updated on May 13, 2026 19:31 JST TOKYO — SoftBank Group on […]

SHANGHAI/TOKYO — U.S. President Donald Trump is making his first visit to China in nearly nine years, as the rival superpowers aim to stabilize their fraught relationship. Arriving Wednesday evening, around 7:30 p.m. local time, the American president is scheduled to stay until Friday. An itinerary released by the White House includes plenty of face […]

Automobiles Struggling carmaker has seen some effect from business restructuring plan Nissan Motor has been rolling out a series of management improvement measures as part of a restructuring effort under President and CEO Ivan Espinosa, who took the helm last year. (Photo by Marina Inoue) YURIKA YONEDA and YUICHI SHIGA May 13, 2026 17:12 JST Updated […]

Trade war Seoul discussions aim for stabilization despite ‘wider and wider’ gaps in interests U.S. Treasury Secretary Scott Bessent, center, arrives at Incheon International Airport ahead of a meeting with South Korean President Lee Jae Myung and trade talks with Chinese Vice Premier He Lifeng, hours ahead of President Donald Trump’s arrival in China. © […]