Asia Business

The United States unveiled further export controls Wednesday on advanced computing semiconductors, increasing due diligence requirements for businesses as it seeks to prevent diversion of tech to China despite existing restrictions.The move — part of a series of actions before President Joe Biden leaves office — comes days after US officials announced fresh curbs on AI …

US tightens controls on advanced chips to curb flow to China Read More »

TikTok faces an imminent shutdown in the United States after Congress passed a law last year forcing its Chinese owner ByteDance to either sell the platform or close it on Sunday.The US Supreme Court is expected to rule this week on TikTok’s challenge to the law.Following a hearing last Friday, expectations are high that the …

From ban to buyout: What next for TikTok in the US? Read More »

Social media giant TikTok plans to completely shut down its operations in the United States this Sunday if a ban ordered by legislators goes through as planned, a report said.The platform, which counts over 170 million American users, will implement an immediate blackout rather than allowing existing users continued access as had been expected, according …

TikTok plans total US shutdown as ban deadline looms: report Read More »

European stock markets rose Wednesday as traders focused on inflation data in Britain and the United States.London led the way in Europe as official figures showed an unexpected dip to UK annual inflation, easing some pressure on the Labour government as it struggles with growing the economy.The pound steadied versus the dollar and euro, with …

European stocks climb as inflation takes centre stage Read More »

After travelling to Tokyo for meetings, Yoshiki Kojima’s IT company employees crash out in a capsule hotel, as a tourism boom makes regular rooms too pricey for business trips.A weak yen is attracting more visitors than ever to Japan, with national tourism figures released Wednesday showing a new record of an estimated 36.8 million arrivals …

Japan’s tourism boom prices out business travellers Read More »

Beijing on Wednesday said it “firmly opposes” a US move to effectively bar Chinese technology from smart cars in the American market, saying alleged risks to national security were “without any factual basis”.”Such actions disrupt economic and commercial cooperation between enterprises… and represent typical protectionism and economic coercion,” foreign ministry spokesman Guo Jiakun said, adding: …

Beijing ‘firmly opposes’ US ban on smart cars with Chinese tech Read More »

Stock markets were mixed Wednesday as traders assess the economic outlook ahead of Donald Trump returning to the White House next week, with focus now on the release of key US inflation data.A below-forecast read on wholesale prices provided a little relief and helped the Dow and S&P 500 end in the green, though sentiment …

Equities mixed as US inflation, China data loom Read More »

One rocket, two missions: lunar landers built by US and Japanese companies launched their “rideshare” to the Moon on Wednesday, showcasing the private sector’s growing role in space exploration.On board the SpaceX Falcon 9 rocket that took off from the Kennedy Space Center in Florida were Firefly Aerospace’s Blue Ghost and ispace’s Resilience from Japan, …

Private US, Japanese lunar landers launch on single rocket Read More »

Record numbers of tourists flocked to Japan last year, figures showed Wednesday, as the weak yen bolstered the appeal of the “bucket list” destination despite overcrowding complaints in hotspots like Kyoto.The country logged more than 36.8 million tourist arrivals in 2024, topping 2019’s record of nearly 32 million, according to estimates from the Japan National …

Record 36.8 million tourists visited Japan in 2024 Read More »

Asian markets swung Wednesday, continuing their yo-yo start to the year as traders assess the economic outlook with Donald Trump back in the White House, with focus now on the release of key US inflation data.A below-forecast read on wholesale prices provided a little relief and helped the Dow and S&P 500 end in the …

Asian equities mixed as US inflation, China data loom Read More »