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PALO ALTO, California/TAIPEI/TOKYO -- Chinese EV makers including BYD are rushing to ship vehicles to Mexico and Brazil in preparation for tariff hikes and other trade restrictions, Nikkei Asia has learned. That comes as Washington announced 100% tariffs on Chinese EVs on Tuesday, a move that is expected to be followed by more trade actions aimed at electric vehicles from China by the U.S. and its allies.
TAIPEI -- Top Taiwanese manufacturers serving the tech sector reported a 19.4% revenue increase on the year in April, data compiled by Nikkei shows, fueled by strong demand for artificial intelligence-related servers and semiconductors.
BANGKOK -- Amnesty for imprisoned political activists will be a "high priority" for Thailand's main opposition party, its leader told Nikkei Asia after the death on Tuesday of a 28-year-old prisoner on a hunger strike.
HO CHI MINH CITY -- Vietnamese gaming and messaging unicorn VNG has become an Nvidia cloud partner, deepening the U.S. chipmaker's Asia connections months after CEO Jensen Huang toured the region.
GUANGZHOU -- Honda Motor is scaling down its full-time production workforce in China as sales slump, with about 1,700 workers having agreed to leave so far, Nikkei has learned.
TOKYO -- Two major Japanese life insurers are taking a more cautious stance on foreign bonds this year amid concerns that the yen will strengthen with the Bank of Japan's pivot to a less accommodative monetary policy, executives told Nikkei recently.
WASHINGTON -- The U.S. State Department will establish international advisers in five American cities this summer in an effort to expand foreign policy at a local level, Nikkei Asia has learned.
HONG KONG -- A Tokyo-based law firm is set to reboot efforts to enlist investors hit by the sudden wipeout of certain bonds issued by the now-defunct Credit Suisse, adding to a growing movement to launch legal action across Asia.