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Recent Developments and News in Asia

Nikkei staff writer - KENTARO SHIOZAKI - China lending at 15-year low as central bank holds rates - asia.nikkei.com - China - city Beijing

China lending at 15-year low as central bank holds rates

BEIJING -- The Chinese central bank on Tuesday kept two benchmark lending rates unchanged for this month, after financing extended by Chinese banks hit their lowest level in roughly a decade and a half.

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John Moolenaar - American clinical trials in China questioned by U.S. lawmakers - asia.nikkei.com - China - Usa - Washington - region Xinjiang

American clinical trials in China questioned by U.S. lawmakers

WASHINGTON (Reuters) -- A bipartisan group of lawmakers on Tuesday called on the Biden administration to ramp up scrutiny of U.S. clinical trials conducted in China, citing the risk of intellectual property theft and the possibility of forced participation of Uyghurs.

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Nikkei staff writer - RYOSUKE HANAFUSA - Mitsubishi Heavy, Chevron eye U.S. green hydrogen launch in 2025 - asia.nikkei.com - Singapore - state Utah - city Singapore - city Houston

Mitsubishi Heavy, Chevron eye U.S. green hydrogen launch in 2025

HOUSTON -- Mitsubishi Heavy Industries and Chevron are preparing to make hydrogen in the U.S. using renewable energy, with commercial power generation using the fuel scheduled to start in mid-2025.

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ANNA NISHINO - Nikkei staff writer - Japan's Toyota Tsusho to develop and supply biofuels in Indonesia - asia.nikkei.com - Japan - Indonesia - city Tokyo

Japan's Toyota Tsusho to develop and supply biofuels in Indonesia

TOKYO -- Japanese trading house Toyota Tsusho will develop and supply biofuels and green hydrogen with Indonesian state-run oil company Pertamina, part of efforts led by Tokyo to support decarbonization in Southeast Asia.

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Nikkei staff writers - Seven & i potential buyer Couche-Tard is skilled M&A tactician - asia.nikkei.com - Japan - New York - city Tokyo

Seven & i potential buyer Couche-Tard is skilled M&A tactician

TOKYO/LONDON/NEW YORK -- Alimentation Couche-Tard, the Canadian convenience store group that sent a friendly, nonbinding takeover proposal to Japan's Seven & i Holdings, is known as a master of mergers and acquisitions, one that now eyes the 85,000 7-Eleven stores worldwide.

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KEN MORIYASU - Nikkei Asia diplomatic correspondent - U.S. Democrats' foreign policy platform pivots back to Europe - asia.nikkei.com - China - Usa - Russia - county Pacific - city Chicago

U.S. Democrats' foreign policy platform pivots back to Europe

CHICAGO -- The Democratic Party's 2024 policy platform mentions Europe at the top of its chapter on foreign affairs, highlighting the success of the U.S. in rallying allies against Russia, before the chapter outlines the party's Indo-Pacific stance.

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Lora Kolodny - Waymo says it has doubled its weekly paid robotaxi trips to 100,000 since May - cnbc.com - San Francisco - state California - city San Francisco - city Los Angeles

Waymo says it has doubled its weekly paid robotaxi trips to 100,000 since May

Waymo is now providing more than 100,000 paid robotaxi rides per week in the U.S., according to a LinkedIn announcement by co-CEO Tekedra Mawakana. That's double the 50,000 weekly paid trips the company reported in May.

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Michael Wayland - GMC expects to outsell its electric truck competitors as it launches new Sierra pickup - cnbc.com - city Detroit

GMC expects to outsell its electric truck competitors as it launches new Sierra pickup

MILFORD, Mich. — General Motors' premium GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it launches its new electric Sierra pickup.

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