WTO members reach digital trade deal to ban tariffs on data
TOKYO -- World Trade Organization members negotiating rules on e-commerce agreed Friday to permanently ban tariffs on cross-border data transmissions.
Nikkei staff writer in asian news
Yellen indicates Japan's yen intervention isn't problematic manipulation
RIO DE JANEIRO -- Japan's efforts to shore up the yen are different from the deliberate currency weakening that has long been a U.S. concern, U.S. Treasury Secretary Janet Yellen suggested to Nikkei in an exclusive interview.
Nissan falls behind Renault in market cap a year after equal alliance
TOKYO -- A year after Nissan Motor and Renault Group agreed to rebalance their alliance to a team of equals, the Japanese automaker has slipped behind its French partner in market capitalization amid struggles to adapt to shifting market environments.
Hong Kong Jockey Club eyes mainland opportunities despite betting ban
HONG KONG -- The Hong Kong Jockey Club is looking to expand its presence in mainland China, as it prepares to hold regular races there from 2026, its CEO Winfried Engelbrecht-Bresges told Nikkei in an interview.
China becomes a punching bag for assertive U.S. states
NEW YORK -- U.S. state-level officials on both sides of the political spectrum have taken an increasingly confrontational stance against China through actions that tighten trade and economic restrictions, complicating Washington's diplomacy with China.
China says Philippine allies meddling in South China Sea dispute
VIENTIANE -- Chinese Foreign Minister Wang Yi said on Friday that Beijing does not take kindly to other countries meddling in tensions with the Philippines in the South China Sea, hitting at Manila's allies, including the U.S. and Japan, during bilateral talks between Association of Southeast Asian Nations (ASEAN) and China in Vientiane.
Palau-based radar delayed despite U.S. focus on 2nd island chain
TOKYO -- Construction setbacks have impacted a long-range radar system being built by the U.S. Air Force on the Pacific island of Palau, delaying the deployment of an asset designed to boost observational abilities of Washington and its allies in the region.
Chinese state enterprises to pour $414bn into equipment upgrades
SHANGHAI -- Chinese state-owned enterprises will invest 3 trillion yuan ($413.8 billion) over the next five years to upgrade their equipment, the government's supervisor for state assets said on Friday, as the country races to bolster its industrial supply chain as laid out in a key economic blueprint.