China has surpassed Germany and Japan in the adoption of industrial robotics, according to the latest report by the International Federation of Robotics, reflecting the country’s efforts in pushing forward the use of automation technologies in manufacturing. China recorded 470 robots per 10,000 employees in 2023, up from 402 units a year earlier. The country…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors hoping that Nvidia’s eagerly-awaited earnings after the U.S. close on Wednesday would inject renewed vigor into world markets will be disappointed, heralding the prospect of a lukewarm open in Asia on Thursday. Wall Street spent all day Wednesday firmly in…
Property prices in Asia’s major markets are expected to rise over the next year with Hong Kong leading the projected gains, according to Bloomberg Intelligence. Beyond Hong Kong, homes in Singapore, Australia and Japan will all become more expensive in 2025, a reportBloomberg Terminal from BI found. For Hong Kong, the numbers reverse a years-long…
Japanese officials said Wednesday they are closely watching to see if China keeps its promise to prevent further violations of Japan’s airspace after explaining that an incursion by a Chinese military aircraft nearly three months ago was unintentional and caused by turbulence. Tokyo protested and sought an explanation from Beijing after a Chinese Y-9 reconnaissance…
A Chinese spy plane unintentionally entered Japanese airspace in August while taking evasive action after encountering turbulence over the contested East China Sea, Beijing explained to Tokyo. The August 26 incident, which occurred off the Danjo Islands in the southwestern prefecture of Nagasaki and lasted for about two minutes, was the first such intrusion on…
Japanese firms in China are becoming more pessimistic about the world’s second-biggest economy, with about two-thirds saying it’s getting worse and almost half scaling back or halting their investments. About 64% of Japanese companies said the Chinese economy is faring worse than last year, according to the latest survey from the Japanese Chamber of Commerce…
The joint amphibious training is announced after three countries express concerns about ‘dangerous conduct’ by the Chinese military. Japan’s troops will participate in joint training with United States Marines and Australian forces in northern Australia next year, the defence ministers from the three countries have said, as they expressed concerns over the growing threat from…
U.S. Marines will take part in joint training with Japanese and Australian forces in northern Australia, the three countries’ defense ministers announced Sunday as they expressed concern about a spate of confrontations with China’s increasingly assertive military. Australia’s acting Prime Minister Richard Marles hosted U.S. Defense Secretary Lloyd Austin and Japanese Defense Minister Nakatani Gen…
This week, a United States aircraft carrier arrived in waters near the Korean Peninsula for a trilateral exercise as North Korea strengthens its military cooperation with Russia. While tensions between China and the Philippines remain high over the South China Sea, a regional-based Chinese “flattop” has yet to return to its base as of Monday,…
American and Japanese air defense units conducted live fire trainings with their Patriot missiles as Chinese and Russian military aircraft continued to fly near Japan’s airspace. Operation Shining Star is an annual training exercise where air defense experts from the United States and Japan execute simultaneous live fires of the Patriot air defense missile system….