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TOKYO -- The market for energy-saving heat pumps in Europe is slowing as countries cut subsidies, but Japanese manufacturers like Daikin and Panasonic Holdings have bet big on their spread and are continuing to invest, anticipating medium- to long-term growth.
HONG KONG -- Shares of Chinese e-commerce player JD.com plunged in Hong Kong on Wednesday after U.S. group Walmart sold its entire stake in the online retailer for more than $3 billion.
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.
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.
ISTANBUL -- Relations between Turkey and China have been making progress as of late, after years of stagnation mostly due to the thorny issue of China's alleged ill treatment of its ethnic Turkic Muslim minority of Uyghurs.
HONG KONG -- China has slammed the European Commission's latest decision on imposing import tariffs on electric vehicles from the nation as "practicing unfair competition," saying that Beijing will take all necessary steps to defend the "legitimate rights and interests" of its companies.
HONG KONG -- The saga of Chinese-founded cross-border e-commerce giants continued to heat up this week, with Shein filing another suit against Temu, this time accusing its rival of counterfeiting goods, stealing trade secrets and confusing customers with an "illegal" business model.
TOKYO -- Malaysia and Singapore's currencies have strengthened to 18-month highs against the dollar over the past couple of months due to their tighter central-banking policies.