Latest from Nikkei Asia
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Nikkei Asia
4 hours ago
- Politics
- Nikkei Asia
Paetongtarn stays as PM as partners jockey for ministerial posts
BANGKOK -- The withdrawal of a key partner from Thailand's ruling coalition has opened the way for smaller parties to demand more influence, analysts say, as Paetongtarn Shinawatra stays in the prime minister's post, and with her coalition now holding a slim House majority. The current coalition now comprises 11 parties, led by Paetongtarn's Pheu Thai Party. After the Bhumjaithai Party's exit announcement on Wednesday over a leaked audio clip of a conversation between Paetongtarn and former Cambodian leader Hun Sen, other parties called urgent meetings to discuss whether to remain loyal to the Thai prime minister.
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Nikkei Asia
5 hours ago
- Business
- Nikkei Asia
Japan's Mitsubishi Corp. bets big on US solar with $3.9bn expansion plan
TOKYO -- Japanese trading house Mitsubishi Corp. will boost its solar power generation capacity in the U.S. by 160% by 2028, Nikkei has learned, with the total project expenses expected to be around $3.9 billion. The company aims to localize more of its supply chain, taking advantage of favorable conditions for solar development in the U.S. Soaring global electricity demand, driven by a data center boom, has intensified the race to build out power infrastructure. Solar remains a relatively cost-effective option compared to offshore wind or nuclear, and the geographic scale of the U.S. provides abundant development opportunities.
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Nikkei Asia
5 hours ago
- Business
- Nikkei Asia
Nikkei to delete NTT Data from Nikkei 225 constituents
TOKYO -- Nikkei announced on Friday that it will remove NTT Data Group as a component of the Nikkei 225 because, as a result of the tender offer by its parent company NTT, the likelihood of the information technology service provider being delisted has become extremely high. NTT Data, whose parent intends to make it a wholly owned subsidiary, will be replaced by electronics group Rohm on July 4. NTT Data will also be deleted from the Nikkei Stock Index 300, the Nikkei 500 Stock Average and the Nikkei 225 Climate Change 1.5°C Target Index. Instead, Haseko will be added to the Nikkei Stock Index 300 on the same day, while NOF will be added to the Nikkei 500 Stock Average. The replacement in the Nikkei Climate 1.5°C Target Index will not be made until the next review in October.
Nikkei Asia
7 hours ago
- Politics
- Nikkei Asia
Asian nations evacuate citizens from Israel and Iran as war escalates
TOKYO -- Asian governments are scrambling to evacuate citizens from Israel and Iran as the air war between the two sworn enemies intensifies. The conflict, now entering its second week since Israel launched an attack aimed at halting Tehran's nuclear program, has drawn global condemnation and concern due to its potential to destabilize the broader region. Asian countries, many with citizens working, studying or traveling in the region, are now grappling with complex logistical and diplomatic challenges.
Nikkei Asia
7 hours ago
- Business
- Nikkei Asia
Don't let the near-term LNG glut derail long-term investment discipline
Vandana Hari is founder of Vanda Insights, a Singapore-based global energy market intelligence provider. The global gas market is navigating a complex intersection of short-term volatility and long-term structural shifts. For policymakers and industry leaders, the risk is not just misreading near-term noise, but losing sight of the enduring signals demanding sustained investment in LNG infrastructure and supply.
