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Indonesia finally gets the iPhone 16

Tech Latest: Tune in to Nikkei Asia's podcast for the freshest updates on the tech sector

Japanese pharmaceutical stocks have been relatively strong performers despite the looming threat of tariffs. (Nikkei montage/Source photo by AP) 
Pharmaceuticals

Japan drug companies offer rare haven amid Trump market jitters

Most big-cap stocks make year-to-date gains even as 25% tariff looms

People walk past an Oregon State University building in 2016. (The Corvallis Gazette-Times via AP)
Japan immigration

Federal judge tells US to restore visas of 2 international students in Oregon

More than 1,000 students have had visas revoked or legal status terminated

Toyota, Hino, Daimler Truck and Mitsubishi Fuso reached an initial agreement on a merger in May 2023, but a final deal had proved elusive. (Source photos by Nikkei)
Business deals

Toyota, Daimler near merger of truck units, eyeing Tokyo listing

Hino Motors and Mitsubishi Fuso seek global scale to withstand Chinese rivals, U.S. tariffs

In Pakistan, many customers prefer Islamic banking services, Muhammad Nassir Salim, president and CEO of Habib Bank, said in an interview with Nikkei Asia. (Photo by Sohail Shahzad)
Finance

Pakistan looks to Malaysia's success in Islamic banking: Habib Bank CEO

Islamic finance preferred by customers 'is not just a government initiative'

Student protesters, including some Jewish groups, say their criticism of Israel's military actions in Gaza is wrongly conflated with antisemitism.
Trump administration

Harvard sues to block Trump from slashing billions in research funding

White House says university 'fails to meet the basic conditions' for federal assistance

A worker kneels by one of the solar cell panels over the water surface of Sirindhorn Dam in Ubon Ratchathani, Thailand, in April 2021.
Trade war

US sets tariffs as high as 3,403% on solar cells from Southeast Asia

Most are made in Chinese-owned factories to bypass American duties

22 April 2025
Upon the deal's completion, Nomura expects its total assets under management within its investment management franchise to increase to around $770 billion.
Business deals

Nomura to buy Macquarie's US-Europe asset managers for $1.8bn

Japan financial institutions seek overseas growth as domestic market shrinks

22 April 2025
All the major U.S. stock indexes declined on April 21.
Markets

US stocks, dollar slide as Trump's attacks on Fed chair fuel anxiety

Dow, S&P 500 drop more than 2% as uncertainty rocks markets

22 April 2025
People run and bike through downtown Jakarta during a Car Free Day in 2024. Indonesians are joining the fitness trend in droves, filling up gyms and yoga classes as well as participating in long-distance running events.  (Photo by Ken Kobayashi)
ASEAN Money

Indonesia's $2.3bn fitness craze has businesses flexing financial muscles

Local and foreign companies cash in as young and old take up sports

22 April 2025
Tokyo Electron, a Japanese producer of chipmaking equipment, will tap India's tech talent. (Photo by Kazuki Yamaguchi)
Semiconductors

Tokyo Electron turns to India's deep talent pool for development hub

Global players flood in, lured by New Delhi's drive to be a chip powerhouse

22 April 2025
The average price of a condo in the Tokyo area went up 8% last fiscal year. (Photo by Tomoki Mera)
Property

New condo supply in Tokyo metro area drops to record low

Rising costs leave small developers struggling to build financially viable properties

22 April 2025
Itochu and CP Group first entered into a capital tie-up in 2014. (Source photos by Nikkei)
Business deals

Itochu to end cross-shareholding in Thai CP Group

Strategic alliance to continue; deal to generate $880m gain for Japan trading house

22 April 2025
FPT Smart Cloud Japan will use Nvidia's latest graphics processors. (Nvidia)
Business deals

Japan firms to take stakes in Nvidia-powered data center of Vietnam's FPT

Sumitomo and SBI to each acquire 20% interest in Japan-based AI facility

22 April 2025
Spot demand for gold as a safe haven among Chinese buyers pushed up prices to new highs in April.
Commodities

China buyers lift 'stateless' gold to new highs amid US tensions

Trade friction drives investors away from traditional safe haven Treasurys

22 April 2025
Visitors explore the Osaka Expo on Saturday. Average daily rates for Osaka hotels were up 35% from last year, according to a Nikkei survey.
22 April 2025
Japanese manufacturer Iris Ohyama will spend $13 million to expand production at all four of its U.S. plants, including this one in the state of Arizona. (Iris Ohyama)
Consumer

Japan's Iris Ohyama to step up US production amid Trump tariffs

Consumer goods maker plans $13m in plant expansions as cost of China exports rises

22 April 2025
Nippon Electric Glass is developing larger sizes of its glass substrates to accommodate more chips. (Nippon Electric Glass)
Semiconductors

Nippon Electric Glass develops large glass substrates for AI chips

Heat resistance and flatness are superior to plastic, Japanese company says

21 April 2025
Saudi Arabia has set an ambitious target to increase EV adoption from 1% to 30% within five years.
Automobiles

Saudi Aramco signs development deal with China's EV giant BYD

Agreement aims to enhance vehicle efficiency and environmental performance

21 April 2025
Tensions between the governments of Indian Prime Minister Narendra Modi, left, and Bangladeshi interim leader Muhammad Yunus are overshadowing the textile and clothing industry that powers Bangladesh's economy. (Nikkei montage/Source photos by Reuters)
International relations

Tensions mount as India revokes transshipment access for Bangladesh exports

New Delhi ends arrangement that allowed neighbor to send cargo via its airports

21 April 2025
BYD aims to roll out its electric minicar in Japan next year, priced at about $17,700.
Electric vehicles

BYD to enter Japan's 'mini' EV segment in 2026

Chinese automaker will release its first-ever country-specific model to explore market

21 April 2025
A view of the MP Materials rare-earth mine in Mountain Pass, California. China's Shenghe accounted for approximately 80% of the U.S. company's consolidated revenue for the year ended December.
Trade war

U.S. miner halts rare-earth exports to China due to tariff war

Importer Shenghe admits shipments 'temporarily stopped,' says it has diversified

21 April 2025
The yen's rally came ahead of the meeting of the Group of 20 finance ministers and central bankers, scheduled to kick off in Washington on Wednesday. (Photo by Akira Kodaka)
Currencies

Yen hits seven-month high on expectations of U.S.-Japan talks

More yen strategists turn bullish due to Trump tariffs

21 April 2025
Staff members work at a counter of cosmetics brand L'Oreal at a shopping mall in Beijing.
Caixin

L'Oreal plans major layoffs in China amid sales slump

Reduced domestic consumption, weaker yuan drive product decline

21 April 2025
Caterham's Project V uses an immersion-cooling system developed by Taiwan's Xing Mobility. (Caterham)
Electric vehicles

Taiwan battery-cooling tech pushes envelope at U.K. carmaker Caterham

New system in Project V electric sports car to chill cells 30% faster

21 April 2025
Prices for one room condos, which owners often lease for rental income, are increasingly beyond the means of salaried workers. (Nikkei montage/Source photos by Yutaka Miyaguchi, Arisa Moriyama and Konosuke Urata)
Trading Asia

One-room condo investments are increasingly out of reach for Japan's salaried workers

Post-retirement income source dries up as Japan returns to 'world with rates'

21 April 2025
China, led by President Xi Jinping, halted orders of U.S. soybeans and corn just days before President Donald Trump returned to the White House. (Source photos by Reuters)
Trade war

China halted orders for U.S. soybeans and corn before tariff escalation

Beijing shifts trade toward Brazil, aiming to rattle American farmers amid trade war

21 April 2025
Japanese Prime Minister Shigeru Ishiba reacts as he speaks to reporters after a Japanese negotiator held ministerial talks at the White House regarding U.S. tariffs, at the prime minister’s official residence in Tokyo on April 17.
Trump tariffs

Discussion of security issues in tariff talks not appropriate: Japan's PM

Ishiba pledges to review automobile regulations to move forward negotiations with U.S.

20 April 2025
U.S. Vice President JD Vance is heading to India for the first time. (File photo by Reuters)
Your Week in Asia

Vance in India, South Korea's post-Yoon economy, election milestones

Your weekly lineup of Asia's biggest business and political events

20 April 2025
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