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SINGAPORE -- Amazon Web Services on Tuesday said it will invest 12 billion Singapore dollars (around $9 billion) to expand its cloud infrastructure in Singapore, joining rival U.S. tech giants investing in the fast-growing Southeast Asian digital market.
LOS ANGELES -- Chinese electric vehicle maker BYD differs from TikTok and Huawei and should not be blocked from doing business in the U.S., CEO of BYD Americas Stella Li argued at the 2024 Milken Institute Global Conference.
SINGAPORE -- The founder of the Philippine fast-food giant Jollibee, Tony Tan, is throwing his full weight behind the initial public offering of a hotel brand on New York's Nasdaq via a merger with a special purpose acquisition company (SPAC) despite the shaky record of the listing vehicle.
PARIS -- Beijing has agreed it will not impose tit-for-tat tariffs on French brandy, despite numerous probes by the European Union into Chinese industries, after President Xi Jinping met with French counterpart Emmanuel Macron on the first day of his state visit to Paris.
TOKYO -- A Tokyo-based startup and a group of public and private investors aim to publish 50,000 new English-language titles of Japanese manga in five years -- over three times the current available total -- with artificial intelligence, Nikkei has learned.
BANGKOK -- The rush of Chinese automakers into Thailand's electric vehicle market is fueling a race to the bottom on prices, but heated competition in a soft market has raised alarms, prompting at least one player to turn to hybrids.
TOKYO -- The incoming chief executive of Japan's MS&AD Insurance Group Holdings has told Nikkei that he aims to unwind all cross-shareholdings within two years at the earliest at one of the core insurance units, a move that would accelerate the previous deadline by several years.
DALIAN, China -- China's aging migrant workers are creating a factory laborer shortage, threatening the country's position as a manufacturing powerhouse as rising labor costs erode its cost advantages.