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  • Ericsson hits India's RCom with insolvency cases

    MUMBAI -- An Indian subsidiary of Swedish telecommunications equipment maker Ericsson has filed insolvency petitions against Reliance Communications and two units, further pressuring the Indian telecom group over unpaid debts.RCom and the units owe

    September 16, 2017 04:28 am JST
  • Mitsubishi Materials to roll out automotive aluminum in the US

    TOKYO -- Mitsubishi Materials is exploring a partnership in aluminum production for cars in the U.S., the company announced Friday, as automakers demand lighter materials to make vehicles that meet stricter emission standards. The Japanese group is

    September 16, 2017 03:38 am JST
  • Improvised bomb explodes on packed London commuter train injuring 22

    LONDON (Reuters) -- A home-made bomb on a packed rush-hour commuter train in London engulfed a carriage in flames and injured 22 people on Friday in what police said was Britain's fifth terrorism incident this year, but apparently failed to fully ex

    September 15, 2017 10:57 pm JST
  • Renault-Nissan-Mitsubishi wants to sell 40% more cars by 2022

    YOKOHAMA, Japan -- The combined global sales of Renault, Nissan Motor and Mitsubishi Motors are seen reaching a total of 14 million units by 2022, up 40% from 2016, according to a midterm business plan unveiled on Friday.During a press conference in

    September 15, 2017 08:37 pm JST
  • Several hurt in 'terrorist' incident on London underground train

    LONDON (Reuters) -- Several people were injured at a Londonunderground station on Friday after witnesses reported a blast on a packed rush-hour commuter train which police were treating as a terrorism incident.Emergency services said they had been c

    September 15, 2017 07:31 pm JST
  • Daimler, BMW chiefs see place for diesel alongside electric

    FRANKFURT, Germany -- Even as the auto industry's focus shifts to electric vehicles, diesel vehicles will play an important role in reducing greenhouse gas emissions in the coming decades, the heads of Daimler and BMW said.Daimler Chairman Dieter Ze

    September 15, 2017 06:25 pm JST
  • Why Nestle wanted high-end, hipster Blue Bottle Coffee

    GENEVA -- Swiss food giant Nestle on Thursday announced it had acquired a majority stake in Blue Bottle Coffee, a U.S. high-end coffee producer and cafe chain, for an undisclosed amount. It was the latest in a series of bolt-on acquisitions by Nestl

    September 15, 2017 06:11 pm JST
  • Asian family conglomerates

    For Thailand's retail giant Central Group, it is no longer all in the family

    BANGKOK -- When Vietnamese Prime Minister Nguyen Xuan Phuc visited Thailand in August, a red carpet was rolled out for him at Central Group's Central Ladprao, a shopping complex in downtown Bangkok.The premier had been invited to attend the opening

    September 15, 2017 05:44 pm JST
  • EU lays out stricter screening of foreigner-led buyouts

    BRUSSELS -- The European Commission on Thursday announced a framework for stricter screening of foreign direct investments, aimed at better protecting European interests.The newly proposed system, subject to approval by the European Parliament, woul

    September 15, 2017 05:58 am JST
  • Europe mulls stricter oversight of Chinese buyouts

    HAMBURG, Germany -- European Commission President Jean-Claude Juncker in his "State of the Union" speech to the European Parliament on Sept. 13 laid out a draft framework for the takeover of EU companies by non-EU buyers, with the perceived aim of i

    September 14, 2017 07:39 pm JST
  • Tristan Kenderdine

    Caspian Sea is China's best bet for Belt and Road

    Most attention on China's Belt and Road Initiative has so far centered on northern rail routes through Russia and Central Asia and investments in Mediterranean and Indian Ocean seaports. But policymakers in Beijing have long dreamt of an alternative

    September 14, 2017 11:00 am JST
  • Olympics: IOC crowns Paris 2024, Los Angeles 2028 in unique double

    LIMA (Reuters) -- Paris was awarded the 2024 summer Olympics and Los Angeles the 2028 Games on Wednesday, as the International Olympic Committee (IOC) broke with decades of tradition to vote on a unique double allocation.Paris, which has hosted two

    September 14, 2017 10:03 am JST
  • Asian family conglomerates: Management at Central Group is no longer a family affair

    BANGKOK When Vietnamese Prime Minister Nguyen Xuan Phuc visited Thailand in August, a red carpet was rolled out for him at Central Group's Central Ladprao, a shopping complex in downtown Bangkok. The premier had been invited to attend the opening ce

    September 14, 2017 10:00 am JST
  • Voice-activated gizmos ready for every household need

    BERLIN Household appliances that integrate with voice-activated virtual home assistants were everywhere at Europe's largest consumer electronics expo this year.At IFA 2017, these connected products ranged from smart TVs being sold under the Toshiba

    September 14, 2017 10:00 am JST
  • Interview

    VW's Mueller positions China as springboard to 'electrified future'

    FRANKFURT, Germany -- Volkswagen is targeting sales of 1.5 million electric vehicles in China in 2025, CEO Matthias Mueller told The Nikkei on Tuesday, stressing that the "future is electrified."Speaking on the sidelines of the International Motor S

    September 13, 2017 11:20 pm JST
  • Humphrey Hawksley

    Labor rights progress under threat across Asia

    It has been six years since the United Nations published its first set of corporate governance standards aimed at curbing human rights abuses in international supply chains. On Sept. 21, the U.N. Global Compact Leaders Summit in New York, bringing t

    September 13, 2017 11:00 am JST
  • VW plans to roll out 80 electric and hybrid models by 2025

    FRANKFURT, Germany -- Volkswagen on Monday unveiled an ambitious plan to roll out 80 or so electric car and plug-in hybrid models by 2025. This is a major jump from its previous goal of releasing 30 or so such models across the group, including Audi

    September 12, 2017 02:49 pm JST
  • VW spends billions more on electric cars in search for mass market

    FRANKFURT (Reuters) -- Volkswagen is stepping up its shift to electric cars and plans to invest more than 20 billion euros ($24 billion) in zero-emission vehicles by 2030 to challenge pioneer Tesla in creating a mass market.The world's largest autom

    September 12, 2017 06:41 am JST
  • Countries locked in battle to attract corporate tax revenues

    TOKYO -- Many countries have been fiercely competing in recent years to boost their tax revenues by luring foreign companies with lower rates to the corporate tax burden.The median tax burden ratio of the world's listed companies -- the percentage o

    September 11, 2017 10:00 am JST
  • Thomas Mayer

    The Rhine-Divide cannot be bridged

    The German economist Markus Brunnermeier, the American economic historian Harold James and the former French central banker Jean-Pierre Landau have attracted attention with their thesis that the reason for the faulty construction of the European Mon

    September 10, 2017 07:00 am JST