Business
China chip sector targets 80% self-sufficiency with US in its sights
Semiconductors Asian giant’s ambitions include creating homegrown version of Dutch lithography giant ASML Naura Technology Group highlighted an expanded product lineup at Semicon China this week. (Photo by Shunsuke Tabeta) SHANGHAI — China’s semiconductor industry plans to achieve 80% domestic self-efficiency by 2030, according to a target set by 13 top company leaders, as the country seeks to catch up to […]
Yen plunges past 160 against dollar for 1st time in 20 months
Currencies High oil prices from Iran war prompt flows into greenback, raises intervention speculation Japan’s dependency on imported energy is weighing on the yen. (Photo by Shinya Sawai) NEW YORK — The Japanese yen on Friday weakened past the psychologically important mark of 160 to the dollar for the first time since July 2024 as […]
Nissan to launch SUV as 1st new North American Infiniti model in 5 years
Companies Japan automaker bets on design for sales boost amid restructure The Nissan group’s all-new Infiniti QX65 will hit the North American market this summer. (Infiniti) NEW YORK — Japan’s Nissan Motor will release a new model under its luxury brand Infiniti, the first for North America in five years, in a bid to revive its […]
Former BOJ Gov. Kuroda says Japan’s yen-driven deflation ‘completely over’
Interview Loose fiscal policy could disrupt ‘well-balanced’ economy, ex-central bank chief warns As governor of the Bank of Japan, Kuroda introduced unconventional monetary easing to fight deflationary trends in Japan. (Photo by Kotaro Igarashi) TOKYO — Since the 1985 Plaza Accord, when the U.S., Japan and major European countries jointly moved to address exchange rates, Japan’s […]
BYD posts first annual profit drop since 2021, eyes turnaround overseas
Electric vehicles Chinese EV maker’s 2025 net income falls 19% amid cooling demand, aging lineup BYD cars are displayed at the Bangkok International Motor Show on March 23. The Chinese automaker’s revenue rose 3% in 2025, its slowest pace in six years. (Photo by Ken Kobayashi) HONG KONG — China’s top electric vehicle maker BYD recorded a 38% slump in […]
Port of Jeddah could become a solution during blockage of the Strait of Hormuz
photo: Fayez Nureldine / AFP – https://anba.com.br/ The Red Sea port of Jeddah is preparing to expand operations in the coming weeks. With restrictions in the Strait of Hormuz and Persian Gulf airspace, terminals on the Saudi west coast that used to receive fewer than five ships on their platforms in a single afternoon now […]
Tata, BMW to hike prices in India as Iran war drives up metal costs
Iran tensions Strait of Hormuz closure makes materials, logistics more expensive Tata Motors will start raising its prices in April. (Photo by Takanori Okabe) MUMBAI — Major automakers in India plan to raise prices next month, as rising materials and logistics costs caused by turmoil in the Middle East create headwinds for a market where […]