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Recent Developments and News in Asia

Reuters - Japan drugmaker Astellas says employee indicted by China prosecutors - asia.nikkei.com - Japan - China - city Tokyo - city Beijing

Japan drugmaker Astellas says employee indicted by China prosecutors

TOKYO (Reuters) -- Chinese authorities have indicted a Japanese employee of Astellas Pharma detained since March 2023 on suspicion of espionage, the Japanese pharmaceutical company said on Wednesday.

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Michael Wayland - Ev - Ford delays new EV plant, cancels electric three-row SUV - cnbc.com - state Tennessee - city Detroit

Ford delays new EV plant, cancels electric three-row SUV

DETROIT – Ford Motor is delaying production of a new plant in Tennessee to produce a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV, the company said Wednesday.

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Yoko Kamikawa - Minoru Kihara - SATOSHI IWAKI - Nikkei staff writer - Japan calls for 'integrated joint exercise' with India - asia.nikkei.com - Japan - India - city New Delhi

Japan calls for 'integrated joint exercise' with India

NEW DELHI -- Japanese Defense Minister Minoru Kihara has called for an "integrated joint exercise" between the Indian Armed Forces and Japanese Ground, Maritime and Air Self-Defense Forces. The exercise will be managed by a joint operations command to be established by March 2025 to oversee the operations of the Japan Self-Defense Forces.

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KENJI KAWASE - Nikkei Asia chief business news correspondent - Hong Kong Exchange's first-half profit sinks amid weak market sentiment - asia.nikkei.com - Hong Kong - city Hong Kong

Hong Kong Exchange's first-half profit sinks amid weak market sentiment

HONG KONG -- The Hong Kong Exchange said Wednesday that its bottom line fell during the first half of the year, amid weak market sentiment, although there were also signs of a turnaround.

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NANA SHIBATA - Nikkei staff writer - Japan, Indonesia, others agree to build sustainable fuel supply chain - asia.nikkei.com - Japan - Indonesia - Australia - city Jakarta

Japan, Indonesia, others agree to build sustainable fuel supply chain

JAKARTA -- Japan, Australia and nine Southeast Asian countries including Indonesia will cooperate in establishing an Asian supply chain geared toward expanding the use of sustainable fuel, their ministers agreed at a meeting in Jakarta on Wednesday.

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Shehbaz Sharif - Abid Hussain - Will Arshad Nadeem’s Olympic gold change the course for sports in Pakistan? - aljazeera.com - France - Pakistan - province Punjab - city Islamabad, Pakistan - city Lahore

Will Arshad Nadeem’s Olympic gold change the course for sports in Pakistan?

The javelin thrower returns home a hero, igniting interest in track and field in cricket-centric Pakistan. Can it last?

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Jenni Reid - Morgan Stanley - Sky News - Mike Lynch - Search for Sicily yacht passengers enters third day with tech tycoon Mike Lynch and 5 others missing - cnbc.com - Britain - Italy

Search for Sicily yacht passengers enters third day with tech tycoon Mike Lynch and 5 others missing

Specialist divers on Wednesday resumed the search for the six passengers still missing after a superyacht sank in a storm early Monday morning, killing one person.

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Melissa Repko - Macy’s cuts sales forecast as department stores struggle to draw shoppers - cnbc.com

Macy’s cuts sales forecast as department stores struggle to draw shoppers

Macy's cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions.

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