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On the campaign trail, he said Taiwan should pay the US for protection. But a second term for President-elect Donald Trump raises uncomfortable questions for Taiwan at a moment of mounting risks. Advertisement"I think, Taiwan should pay us for defense," Trump told Bloomberg Businessweek in June. Advertisement"There could well be a demand for Taiwan to 'pay' more for its own protection and perhaps to invest in the United States. "The good news for Taiwan is that Taiwan has bipartisan support in the US Congress," Chin said.

Persons: Donald Trump, —, Lai Ching, Lai, Trump, Tsai Ing, Wen, Xi Jinping, he's, Chong Ja Ian, Biden, Abrams, Benjamin Blandin, Blandin, James Chin, Chin, Zhu Fenglian, Zhu, Taiwan's, Ting Yeh Organizations: Service, Taiwan, US, Bloomberg Businessweek, Wall Street, National University of Singapore, Pentagon, Air Missile Systems, Patriot, Yokosuka Council, Pacific Studies, Trump, University of Tasmania, China's Taiwan Affairs Office, Taiwan Watch, Nikkei, China Locations: Taiwan, Beijing, Taipei, China, United States, Yokosuka, Asia, Wall Street, Silicon Valley, Nikkei Asia, Ukraine

☆ Japan's Liberal Democratic Party to lose parliamentary majority in snap election, exit polls show
▼ + stars: | 2024-10-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan's Prime Minister Shigeru Ishiba (top C) delivers an election campaign speech in support of the Liberal Democratic Party candidate in Chiba on October 19, 2024. Japan's Liberal Democratic Party is set to lose its parliamentary majority, with analysis and exit polls by local news suggesting it could even fall short with its coalition partner. As polls closed at 8 p.m. local time Sunday, the decision desk of NHK, Japan's national public broadcaster, predicted a tight race. A party or coalition bloc needs to hit the threshold of 233 seats to win power in Japan's lower house, which has a total of 465 seats. The Constitutional Democratic Party (CDP) and the Democratic Party for the People (DPP) are both expected to gain seats, Nikkei Asia added.

Persons: Shigeru Ishiba, Komeito Organizations: Japan's, Liberal Democratic Party, Japan's Liberal Democratic Party, NHK, Nikkei, Constitutional Democratic Party, Democratic Party for, People Locations: Chiba, Nikkei Asia

☆ Google is considering nuclear power to feed its energy-hungry AI data centers
▼ + stars: | 2024-10-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Google could one day use nuclear energy to power its AI data centers. Competitors like Amazon and Microsoft are turning to nuclear energy to power their data centers too. AdvertisementIf Google CEO Sundar Pichai's hints on Thursday are any indicator, nuclear energy may one day power some of Google's energy-hungry AI data centers. To be sure, this isn't the first time Google has expressed interest in clean energy alternatives like nuclear energy. In March, Amazon inked a $650 million deal to buy electricity from the Susquehanna nuclear power station, per the Financial Times.

Persons: Sundar Pichai, —, Sundar Pichai's, Pichai, bZnGkp4RnQ Organizations: Google, Microsoft, Service, Nikkei Asia

☆ China's Zara rival is expanding — and it's setting its sights on London and NYC next
▼ + stars: | 2024-07-18 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Facing a weaker Chinese market, Urban Revivo plans on expanding to the West. Urban Revivo's physical stores could help it break through to the US market, where it sells online. AdvertisementA Chinese fast-fashion company is planning a quick global expansion, just as industry heavyweights slow their growth to focus on online shopping. Zara has been cutting its footprint post-pandemic, with plans to slash as many as 1,200 stores and double down on e-commerce. But China's Urban Revivo, founded in 2006, is eyeing markets well outside of Asia.

Persons: —, Zara, Leo Li Organizations: Urban, Service, Parent, Momentum, Nikkei Asia, Business Locations: Asia, London, New York

Japan's two largest commercial airlines are toughening their stances against travelers who verbally or physically abuse airline staff. Japan Airlines and All Nippon Airways updated their websites Friday with "customer harassment" policies, in the wake of rising instances of front-line worker abuse occurring across industries in Japan. "This has placed a significant burden on our employees, leading to cases where some have been forced to take leave," she said. Japan Airlines' policy also mandates airline staff to undergo harassment training — employees will be provided manuals detailing how to quickly and appropriately respond to "malicious" behavior. Both airlines' policies state that travelers who harass employers will be issued a warning, after which consequences can include denial of boarding and police involvement.

Persons: ANA's Yoshiko Miyashita Organizations: Japan Airlines, All Nippon Airways, CS, Nikkei Asia Locations: Japan

☆ Japan's glut of abandoned, derelict homes created so many eyesores and safety hazards it's making the property market bleed billions
▼ + stars: | 2024-06-18 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Japan's abandoned homes are casting a shadow on nearby properties, a Nikkei report revealed. The homes cost the Japanese property market some $24.7 billion over five years through 2023. Japan has been offering these abandoned homes at throwaway prices to lure buyers. AdvertisementJapan's glut of abandoned homes — or akiya — has hit the prices of surrounding properties, and the damage goes into the tens of billions. The report quoted research from the Japan Akiya Consortium, a group of 14 companies and a research institution that aims to tackle Japan's akiya problem.

Persons: —, Japan's Organizations: Nikkei, Service, Nikkei Asia, Japan Akiya Consortium, Business Locations: Japan

☆ Plummeting fertility rates are making Asian countries worry about running out of soldiers
▼ + stars: | 2024-06-17 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +5 min

Read previewEast Asia has some of the world's lowest fertility rates, forcing countries in the region to think hard about how to maintain their military strength. This is particularly concerning given the rise in tensions between North and South Korea, and between China and the US. China, Japan, and South Korea have fertility rates below the global replacement rate — resulting in declining populations. South Korea's fertility rate was 0.72 in 2023, the lowest in the world, compared to the global average of 2.2, according to The Lancet. Hughes said that, like South Korea, Japan has been left thinking about how automation and AI can mitigate the worst effects of a shortage of an army-age population.

Persons: —, Ramon Pacheco Pardo, Pardo, Chris Hughes, Hughes, They've, it's, China's Organizations: Service, Business, KF, VUB, Brussels School, Governance, Vrije Universiteit Brussel, South Korean, North, - Defense Forces, University, Warwick, Self - Defense Forces, Japan Times, Liberation Army, Nikkei Asia Locations: Asia, North, South Korea, China, Japan, Korea's, VUB Korea, Vrije, North Korea, Korea, Israel, Pardo, Ukraine, Russia

☆ SoftBank's Arm to reportedly launch AI chips by 2025 to capture explosive demand
▼ + stars: | 2024-05-13 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

SoftBank Group subsidiary Arm is planning to launch artificial intelligence chips by next year, according to a Nikkei Asia report, as the battle for AI chip dominance intensifies. SoftBank is in discussion with contract manufacturers including Taiwan's TSMC to produce the AI chips, the report added. Arm designs the fundamental architecture upon which the chips are built. The company will bear the initial development costs of the AI chips, which could reach "hundreds of billions of yen," according to the report. After a mass-production system has been set up, Arm's AI chip business could be "spun off and placed under SoftBank."

Persons: SoftBank, Taiwan's Organizations: SoftBank, Nikkei, Qualcomm, Nvidia, Nasdaq Locations: Krakow, Poland, Nikkei Asia

☆ Jim Cramer says own Walmart before earnings and ranks his favorite airline stocks
▼ + stars: | 2024-05-13 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. The CNBC Investing Club owns Disney . Target , Walmart : Analysts at Evercore ISI added the retail heavyweights to their tactical outperform list in advance of their earnings reports this month. Airlines: Analysts at HSBC initiated coverage of Delta Air Lines , United Airlines , American Airlines and Southwest . The CNBC Investing Club has long owned Nvidia.

Persons: Jim Cramer's, Jim Cramer, Cramer, Penn, Rene Haas Organizations: CNBC, Club, Intel, Street Journal, Apollo Global Management, Penn Entertainment, Bank of America, ESPN Bet, ESPN, CNBC Investing Club, Disney, Target, Walmart, Evercore ISI, Airlines, Analysts, HSBC, Delta Air Lines, United Airlines, American Airlines, Arm Holdings, Nikkei, Nvidia Locations: Ireland, Nikkei Asia

☆ In the EV future, Thailand, the 'Detroit of Asia,' could be a key China hedge for automakers
▼ + stars: | 2024-05-12 | by ( Vikram Barhat | ) www.cnbc.com time to read: +4 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTVisitors inspect a Tesla Model Y car during the 40th Thailand International Motor Expo at the Impact Challenger hall in Nonthaburi. A Trump reelection is not even necessary: the Biden administration may introduce 100% tariffs on Chinese EVs next week, according to reporting on Friday. Chinese EV makers, including BYD, have earmarked $1.44 billion in new production facilities in Southeast Asia's second-largest economy. Tesla Thailand recently rolled out a special financing program to spur more sales. Southeast Asia is a growing auto market, and Thailand is already the region's biggest car producer and exporter, with Toyota, Honda, Nissan, Ford, GM and Mercedes-Benz having already embraced Thailand as a regional headquarters.

Persons: Goldstein, Donald Trump, Trump, Biden, There's, Tu Le, Tesla, Le, Steven Dyer, AlixPartners, Frank, Walter Steinmeier Organizations: Tesla, Getty, Auto, Nurphoto, Nikkei, Krungsri Securities, Nikkei Asia, Ford, Toyota, Honda, Nissan, GM, Mercedes, Benz Locations: Thailand, Nonthaburi, U.S, Southeast Asia, Beijing, Detroit, China, Trump, Bangkok, Nonthaburi Province, Nikkei Asia, Southeast Asia's, Shanghai

☆ As the US braces for another summer of travel chaos, this Japanese airport hasn't lost a single bag in its 30-year history
▼ + stars: | 2024-05-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Kansai International Airport in Japan says it hasn't lost a bag since it opened in 1994. Last month, Kansai International Airport, in Osaka, won the Skytrax award for the World's Best Airport for Baggage Delivery. Kansai International Airport first opened in 1994, and estimates that it serves 28 million passengers a year. AdvertisementIn 2022, a total of 2.987 million bags were mishandled on domestic flights in the US, BTS data shows. Next year, Kansai International Airport will deal with an influx of visitors for the six-month-long Expo 2025.

Persons: hasn't, —, it's Organizations: Kansai International Airport, Skytrax, Service, World's, Kansai International, Nikkei Asia, Bureau of Transportation Statistics, Apple, Nikkei Locations: Japan, Osaka, Nikkei Asia

☆ SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips
▼ + stars: | 2024-04-23 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Signage at a SoftBank Corp. store in the Ginza district of Tokyo, Japan, on Wednesday, Nov. 1, 2023. Japanese tech conglomerate SoftBank is looking to develop a "world-class" Japanese-language-specific generative artificial intelligence model, and plans to invest $960 million in the next two years to bolster its computing facilities, according to a Nikkei report. Training of large language models (LLM), such as OpenAI's Chat GPT, requires advanced graphics processing units, which SoftBank plans to purchase from U.S. chip giant Nvidia , the Nikkei reported Monday, citing anonymous sources. The investment of 150 billion yen ($960 million) will be spent in 2024 and 2025 and adds to 20 billion yen that SoftBank spent on computing infrastructure last year, the report said. According to another report from Nikkei Asia, Japan lacks private companies with the high-performance supercomputers that are needed to build LLM, despite increased interest in the tech.

Persons: SoftBank Organizations: SoftBank Corp, Nikkei, Nvidia Locations: Ginza, Tokyo, Japan, U.S, Nikkei Asia

☆ Microsoft is about to pump billions more into AI data centers
▼ + stars: | 2024-04-09 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Microsoft plans to invest $2.9 billion in AI data centers in Japan by 2025, according to reports. In November, Microsoft announced it'd spend roughly $3 billion on AI data centers in the UK. AdvertisementMicrosoft is investing some serious capital in new AI data centers, and Japan is the latest country to benefit. The tech giant plans to pour $2.9 billion into AI data centers in Japan by 2025, according to reports in Reuters and Nikkei Asia. As part of its investment — the company's largest ever in Japan — Microsoft will place advanced AI semiconductors in two of Japan's existing data centers, Nikkei Asia reported.

Persons: it'd, — Organizations: Microsoft, Service, Nikkei, Business Locations: Japan, Nikkei Asia

☆ China concerns bring new unity to once-turbulent US-Japan-Philippines relationship ahead of major White House summit
▼ + stars: | 2024-04-08 | by ( Brad Lendon | ) edition.cnn.com time to read: +11 min

Both the Philippines and Japan are US defense treaty allies, and the US military retains permanent bases in Japan and has base rights in the Philippines. That threat is manifested in three key areas – Taiwan, the South China Sea and the Japanese-controlled Senkaku Islands in the East China Sea, analysts say. Here's why 03:27 - Source: CNNJapan and Philippines both have separate territorial disputes with China, in the former’s case the Senkaku Islands in the East China Sea and in the latter’s areas of the South China Sea. Meanwhile, China claims the shoal, which is in the Philippines’ exclusive economic zone, as its sovereign territory, as it does much of the South China Sea, in defiance of an international arbitration ruling. “Alliance building is the most practical way to deal with China’s moves” in the South China Sea, he said.

Persons: ”, James D.J, Brown, Joe Biden, Fumio Kishida, Ferdinand Marcos Jr, Xi Jinping, Biden, Micah Jeiel Perez, Marcos, Kishida, ” Marcos, Shinzo Abe, Ricardo Jose, ” Jose, Thomas, CNN Marcos, Shoal, China –, Masaharu Homma, –, Perez, Rodrigo Duterte, Marcos Jr’s, Duterte, Thomas Shoal, Veejay Villafranca, Robert Ward, BRP Antonio Luna, you’ve, Donald, Trump, ” Brown, “, Ward Organizations: South Korea CNN, White, Temple University, Japanese, Taiwan –, Communist Party, Taiwan Relations, University of, Nikkei Asia, University of the, “, CNN, East China, Philippine, China Coast Guard, US, US State Department, Gen, “ Alliance, Clark Air Base, Naval, Bloomberg, Getty, International Institute for Strategic Studies, Cooperative, Philippine Navy, BRP, Royal Australian Navy, Self, Defense Forces, JS Akebono, US Navy, USS, Multilateral Maritime Cooperative, Armed Forces, AP Analysts Locations: Seoul, South Korea, United States, Japan, Philippines, China, Tokyo, Philippine, Taiwan, Washington, South, Senkaku, East China, University of the Philippines, CNN Japan, East, South China, Palawan, China – Washington, Beijing, Spain, Spanish, Imperial Japan, New Orleans, Bataan, Subic, Manila, US, Australia, India, Vietnam, Warramunga, IISS

☆ Companies in Japan are offering workers with bad allergies subsidized trips to low-pollen destinations
▼ + stars: | 2024-04-04 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

AdvertisementSome employers in Japan are offering "tropical escape" programs, where workers with bad seasonal allergies get subsidized trips to regions with lower pollen counts, according to The Washington Post. Such programs are seen as a way to enhance worker productivity in Japan, where hay fever is much more prevalent than in the US. It started in 2022 because its CEO has bad hay fever. In Japan, hay fever is not only a public health concern but also a challenge to the economy. In February, Japan's Prime Minister Fumio Kishida described hay fever as a "national disease" that negatively impacts productivity.

Persons: —, Naoki Shigihara, Aisaac, Fumio Kishida, Mitsuhiro, Okano Organizations: Washington Post, Service, The Washington Post, Post, Business, The Japan, country's Ministry of Environment, Centers for Disease Control, Japan Times, Japan's, Chiba Prefecture's International University of Health, Welfare Narita Hospital, Nikkei Locations: Hay, Japan, Okinawa, Hawaii, Guam, Tokyo, Chiba, Nikkei Asia

☆ China's food delivery gig workers are driving a $208B business, but couriers have it as bad as factory workers
▼ + stars: | 2024-03-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. However, the laborers behind the surging industry face conditions similar to those in the country's factories, facing low wages, long hours, and risky, repetitive work, according to numerous reports. Lu, a 19-year-old Meituan delivery driver in Guangzhou, told Nikkei Asia he earned just 7 yuan per delivery, less than a dollar. In the US, delivery drivers average $17.10 per hour, according to the Bureau of Labor Statistics. They "know it is impossible to deliver in the time expected by the platform," Tiziano Bonini from the University of Siena, who has been studying gig work in China, told the outlet.

Persons: —, Lu, Meituan, Didi Chuxing, SCMP Organizations: Service, Nikkei Asia, Business, Economic Research, Wired, Bureau of Labor Statistics, China Morning, Ministry of Human Resources, Social Security, University of Siena Locations: China, Guangzhou, Guanzhou, Shanghai

☆ Google to start manufacturing Pixel smartphones in India by next quarter
▼ + stars: | 2024-02-22 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Google plans to starts producing its Pixel smartphones in India by the next quarter, according to a Nikkei Asia report on Thursday. The report also said Google will begin manufacturing Pixel 8 Pro phones in the April-June quarter, followed by the production of the Pixel 8 around the middle of 2024. Google will be competing with smartphone giants Apple and Samsung in India, as well as Chinese brands vivo and Xiaomi. "For 2023, India's smartphone market maintained stability with 148.6 million shipments overall, a minor drop of 2%," research firm Canalys said last month. Xiaomi continued its robust performance, claiming second place by shipping 7.2 million units.

Persons: Canalys, Xiaomi, Apple Organizations: Nikkei, Google, Apple, Samsung, Research Locations: India, Nikkei Asia, U.S, China

☆ China is learning to prepare for a drawn-out war after watching Russia struggle for years in Ukraine: think-tank
▼ + stars: | 2024-02-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China is showing signs that it's thinking about a drawn-out war after watching Russia, the IISS said. It shows Beijing is considering how it might not achieve a "swift victory" if it goes to war, an IISS analyst said. AdvertisementBeijing's military leaders appear to be preparing China for the possibility of a long-drawn war after observing Russia's protracted conflict in Ukraine, according to an international think-tank. Heavy losses in Ukraine, coupled with reports of mistreatment of conscripts and contract soldiers on the battlefield, have been stumbling blocks for Russian military recruitment. AdvertisementThe IISS report said China has been gleaning other lessons from the war, though the think-tank said it's difficult to confirm what exactly Beijing is learning.

Persons: —, IISS, Nouwens Organizations: Service, Kremlin, PLA Army, International Institute for Strategic Studies, Liberation Army, Nikkei Asia, Nikkei, PLA Locations: China, Russia, Beijing, Ukraine

☆ El-Erian, Krugman and other economists have very different opinions on China’s struggling economy
▼ + stars: | 2024-02-09 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +4 min

Chinese leader Xi Jinping said on New Year's Eve that the nation's economy had grown "more resilient and dynamic this year." Meanwhile, famed hedge fund manager and founder of Dallas-based Hayman Capital Kyle Bass said the country's heavily indebted property market has triggered a wave of defaults among public developers. That's a problem, given China's real estate market can account for as much as a fifth of the nation's GDP. "This is just like the U.S. financial crisis on steroids," Bass said, referring to China's default-ridden property market. The Institute of International Finance said Beijing has the policy capacity to push China's economy toward its growth potential and stuck to its above consensus forecast for 2024 growth at 5%, in a recent blog post.

Persons: Eswar Prasad, Mohamed El, Xi Jinping, there's, Paul Krugman, Krugman, Kristalina Georgieva, Hayman, Hayman Capital Kyle Bass, Bass, isn't Organizations: Future Publishing, CSI, China's National Bureau, Statistics, Allianz, International Monetary Fund, Nikkei, New York Times, Monetary Fund, Economic, IMF, Dallas, Hayman Capital, of International Finance Locations: Jiangsu, China, Nikkei Asia, U.S, Europe, tatters, Davos, Beijing

☆ China is stepping up to save its economy this year, but the data just doesn't seem to be getting much better
▼ + stars: | 2024-02-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

In January, authorities pulled about a dozen moves to stabilize a stock market rout and to support the property sector. But China's economic data isn't encouraging, and investor confidence is still low. Investors are cautiousThe moves gave some support to Chinese markets, but investors are still cautious. China's economic data hasn't been rosy either. Consumer appetite for property is still lowStill, overall consumer appetite for the property market appears to be in the dumps.

Persons: —, Hao Hong, Premier Li Qiang, Hong, Min Lan Tan, Tan Organizations: Service, Bloomberg, Grow Investment, Premier, Reuters, Investors, CSI, Securities Times, Estate Information Corp, Asia Pacific, UBS, Nikkei Locations: China, Beijing, Shanghai, Shenzhen, Guangzhou, Suzhou, Guangxi, Nikkei Asia

☆ China hates the new president of Taiwan — but its 'real nightmare scenario' is a Trump-Taiwan combo: analyst
▼ + stars: | 2024-01-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump winning the White House in 2024 would create a "nightmare" for China, especially with president-elect William Lai Ching-te at Taiwan's helm, an analyst on China said. Advertisement"Beijing's real nightmare scenario is not necessarily watching Lai Ching-te winning the presidency of Taiwan, but it's the combination of Lai Ching-te and perhaps Donald Trump coming back into the White House," Daniels said. "He was a transactional president," Rosen said. Trump followed up by suggesting that the US may one day abandon its agreement to the "one China policy," Beijing's red-line stance that Taiwan is part of China. Cross-strait tensions soared, but just two months later, Trump called Xi and agreed that the US would uphold the "one China policy."

Persons: —, Donald Trump, William Lai Ching, Lai, it's Trump, Rorry Daniels, Lai Ching, Daniels, Trump, Mike Pompeo, Pompeo, Xi Jinping's, Stanley Rosen, It's, Rosen, Tsai Ing, Wen, Ron DeSantis, Nikki Haley Organizations: Service, White House, Business, Democratic Progressive Party, Foreign Affairs Ministry, Lai's, Asia Society, Center for, Nikkei, Taiwan, University of Southern, China Institute, Xi, GOP, Iowa Republican Locations: China, Taiwan's, Beijing, Taiwan, Center for China, Nikkei Asia, University of Southern California's US, Hong Kong, Taipei, Iowa

☆ Leasing giant SMBC places order for 60 Airbus A320neo planes
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

The logo of Airbus is seen at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsDUBLIN, Nov 21 (Reuters) - SMBC Aviation Capital placed an order for 60 Airbus (AIR.PA) A320neo family aircraft, the world's second largest aircraft leasing firm said on Tuesday, without disclosing the financial details of the deal. Nikkei Asia, which first reported the deal, said it was thought to be worth around $3.4 billion, based on the A320neo's market price. Boeing won new orders for 196 aircraft while Airbus agreed deals for 55 jets amid soaring demand for wide-body planes. "This transaction is further testament of sustained global demand for technologically advanced, fuel-efficient aircraft, and comes amidst the continuing strong recovery in air travel worldwide," SMBC CEO Peter Barrett said in a statement.

Persons: Sarah Meyssonnier, Peter Barrett, Padraic Halpin, Kirsten Donovan Organizations: Airbus, REUTERS, Rights, SMBC Aviation Capital, Nikkei, Boeing, Dubai Airshow, Japan's Sumitomo Corp, Sumitomo Mitsui Financial Group, Thomson Locations: Paris, Villepinte, France, Nikkei Asia

☆ Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says
▼ + stars: | 2023-11-06 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Chinese companies have gained ground in global patent holdings in the cybersecurity technology sector amid growing U.S.-China tensions, according to a report from Nikkei Asia on Sunday. Chinese firms such as Huawei and Tencent accounted for six of the top 10 global patent holdings in the cybersecurity technology sector as of August, based on data compiled by Nikkei in cooperation with U.S. information services provider LexisNexis. The report said that U.S. computer manufacturer IBM came out top with 6,363 patents followed by Huawei and Tencent with 5,735 and 4,803 patents respectively. Among the top 10 include Alibaba's financial arm Ant Group in sixth place with 3,922 patents, as well as Alibaba Group Holding with 3,122 patents, the Nikkei said. This comes as escalating tensions between the U.S. and China have pushed the latter and its homegrown firms to seek self-reliance in science and technology.

Organizations: Nikkei Asia, Huawei, Nikkei, LexisNexis, IBM, China Investment Corp, U.S Locations: China, U.S, Beijing

☆ China's massive navy is only getting bigger, and the US is looking overseas for help keeping its warships in action
▼ + stars: | 2023-10-24 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

For years, the US Navy has struggled to complete repairs of its ships on time. To reduce workload at domestic shipyards and keep ships at sea, the US is looking for help overseas. That number has improved, but delays persist amid other challenges at Navy shipyards. Salvor was the first ship repaired in India following the signing of a Master Ship Repair Agreement with L&T Shipyard. "It's all hands on deck within the free world right now, and I think something like that would simultaneously enhance our ability to repair ships more quickly and also be a deterrent in the Pacific."

Persons: —, MCS3 Brandon Roberson, Biden, USNS Charles Drew, USNS Matthew Perry, Salvor, Fitzgerald, Leonard Adams, Carlos Del Toro, Charles Drew, Del Toro, Joel Garcia Japan, Rahm Emanuel, Emanuel, Harry Harris Jr, Harris, Paul, Wendy Hallmark, Rob Wittman, Wittman, Mike Gallagher, Gallagher Organizations: US Navy, Service, Pentagon, Navy, MCS3 Brandon Roberson Public, Maritime Sealift Command, USNS, Larsen & Toubro Shipyard, USNS Salvor, T Shipyard, Military Sealift Command, Mazgaon, Goa Shipyard, Getty, US, White, National Press, Nikkei Asia, US Military Sealift Command, Pacific Command, USS, Puget Sound Naval Shipyard, Republican, House Armed Services Committee, Capitol, Strategic Competition Locations: Western, Washington, China, Norfolk, India, Chennai, Shipbuilders, Mumbai, Goa, Japan, Asia, Philippines, Singapore, South Korea, extremis, USS Minneapolis, St, United States

☆ China's 1.4 billion population isn't enough to fill the country's empty homes, former official says
▼ + stars: | 2023-09-24 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

A former Chinese official said the country's entire population couldn't fill its empty homes. He Keng said China's 1.4 billion population was likely insufficient to fill all its vacant houses. AdvertisementAdvertisementChina has long relied on real-estate development as a safe investment to bolster economic growth. Today, farmers have taken over the ghost town, plowing the land and letting cattle roam free around the empty mansions. But by 2016, its population was only around 100,000, and it has been described as "the largest ghost town in the world."

Persons: Keng, Evergrande, that's, Li Gan, Shenyang . Jade Gao Organizations: Service, Reuters, China News Service, Texas, M University, Greenland Group, Getty, Nikkei Locations: China, Wall, Silicon, France, City's, Shenyang, Shenyang ., AFP, Mongolia, Inner Mongolia, Ordos, Nikkei Asia

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