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  • Daniel Twining: Upending the new global order

    The world has a new G-7. The Group of Seven once comprised the world's leading industrialized economies -- in North America, Europe and Japan. Now, the International Monetary Fund calculates that the combined gross domestic product of the seven bigg

    October 17, 2014 07:00 pm JST
  • Islamic State damaging Turkey trade

    HABUR, Turkey -- Turkey's trade with Arabic nations is suffering because of the expansion of the Islamic State. Intensifying battles and the worsening law and order situation are making key land transportation routes too dangerous to drive through.

    October 16, 2014 07:00 pm JST
  • Charles King: Making sense of 'messy' modern geopolitics

    "The world has always been messy," President Barack Obama said recently. "In part, we're just noticing now because of social media and our capacity to see in intimate detail the hardships that people are going through." This was an instance in

    October 9, 2014 12:00 am JST
  • Central banks, governments in tug-of-war in emerging markets

    MUMBAI -- Concerns about central banks' ability to keep the global economy on an even keel are rising, both in big emerging-markets, where monetary authorities' independence is under pressure, and in advanced economies, which are facing a difficult

    September 29, 2014 01:00 pm JST
  • Global gold coin sales slide amid sagging gold prices

    TOKYO -- Gold coin sales declined around the globe in the first half of this year, as gold prices moved only slightly due to mixed buying on concern about geopolitical risks, such as the unpredictable situation in Ukraine and selling on speculation

    September 29, 2014 01:00 pm JST
  • Long tenure may be a big ask for Turkey's new president

    ISTANBUL -- Any dreams newly elected Turkish President Recep Tayyip Erdogan may have about a long tenure at the top are set to collide with tough realities at home and abroad that may undermine his rule. One of those challenges could come from c

    September 29, 2014 07:00 am JST
  • Panasonic buys Turkey's Viko for Africa, Russia step housing-related business expansion

    ISTANBUL -- Panasonic is stepping up its presence in Turkey, viewing the nation as a gateway to Africa and Russia for its housing-related business. The Japanese company aims to lift sales of housing-related business to 2 trillion yen ($18.6 bill

    September 18, 2014 12:00 am JST
  • Japan's SMBC finds partner to help build Islamic finance business

    LONDON -- Japan's Sumitomo Mitsui Banking Corp. is ready to expand lending in countries where Islamic finance prevails. The Japanese bank on Sept. 15 signed a memorandum of understanding with the Islamic Corporation for the Insurance of Investme

    September 16, 2014 02:30 pm JST
  • Turkish cities becoming crowded with mushrooming malls

    ISTANBUL -- Shopping malls are springing up throughout Turkey, where the surging ranks of middle-class shoppers with rising incomes are snapping up consumer goods, as the nation's per capita gross domestic product has topped $10,000. The co

    September 16, 2014 07:00 am JST
  • US steelmakers wary of Asian rivals

    DETROIT -- U.S. steelmakers are increasingly alarmed by the amount of cheap steel flowing into the country from Asia. As part of the effort to protect their turf, U.S. Steel and other makers recently filed a complaint against some foreign compet

    September 8, 2014 07:00 am JST
  • Panasonic bets on Turkey in push for housing materials

    ISTANBUL -- Panasonic is stepping up its advance into Turkey, viewing the nation as a gateway to Africa and Russia for its homebuilding materials business. The Japanese company aims to lift housing materials sales to 2 trillion yen ($18.8 billio

    September 4, 2014 12:43 am JST
  • Tourist hot spots

    The number of travelers going abroad reached 1.035 billion in 2012, surpassing 1 billion for the first time, according to the U.N. World Tourism Organization. In 2013, the number increased 5%, to 1.087 billion. Europe remains the most popular touris

    September 4, 2014 12:00 am JST
  • Stephen Grenville: How to reboot world trade talks

    Expanding trade has been the lynchpin of globalization. Total world trade rose from 42% of global gross domestic product in 1980 to 62% in 2007, according to the International Monetary Fund. Trade slowed during the 2008 crisis and since then has bar

    September 2, 2014 01:00 pm JST
  • Erdogan draws praise for success, criticism for 'dictatorial' style

    ISTANBUL -- Recep Tayyip Erdogan's inauguration as Turkey's first directly elected president is stirring controversy in the country. While some laud his efforts to raise the country's international profile on both economic and diplomatic fronts, oth

    September 1, 2014 07:00 am JST
  • Malaysia's IHH Healthcare sees Q2 net profit jump 33%

    KUALA LUMPUR -- IHH Healthcare's net profit for the April-June period surged 33% year-on-year to 209 million ringgit ($66 million). Malaysia's leading hospital management company attributed the performance to greater patient volumes and increased ca

    August 29, 2014 02:50 pm JST
  • Turkmenistan gas project highlights Japanese-Turkish cooperation

    ISTANBUL -- A Japanese-Turkish consortium has clinched a roughly $1.5 billion contract to build a large gas-to-liquids plant in Turkmenistan. Analysts say the arrangement could pave the way for more Japanese and Turkish companies to advance further

    August 28, 2014 01:00 pm JST
  • KidZania CEO sees opportunity in Asia's education ethic

    MEXICO CITY -- From Sao Paulo to Moscow, KidZania is expanding around the world. It is particularly keen to branch out in Asia, where large cities and education-minded families spell vast opportunities for the children's theme park operator. CEO

    August 28, 2014 12:00 am JST
  • KidZania CEO values Asia's education ethic

    MEXICO CITY -- KidZania is rapidly expanding around the world, especially in Asia. CEO and founder Xavier Lopez spoke recently with the Nikkei about his company's plans for Asia. Excerpts from the interview follow.Q: Why have you opened so many faci

    August 21, 2014 07:00 pm JST
  • Russia rushes to diversify import sources amid tensions with West

    MOSCOW -- Russia is scrambling to diversify the sources of its imports in response to the recent round of tit-for-tat sanctions between Moscow and the West. The U.S. and European countries imposed sanctions on Russia over the crisis in Ukraine a

    August 21, 2014 01:00 pm JST
  • Cronyism skews Turkey's growing wealth

    ISTANBUL -- Dogged by rising criticism for a perceived authoritarian streak, Recep Tayyip Erdogan has presided over a decade of growth that has left the Turkish economy bigger but also highly distorted. Since May, the prime minister has unabashe

    August 21, 2014 12:00 am JST