Nikkei Asia

TOKYO -- When Dag Hammarskjold visited the Vatican in the 1950s as the secretary-general of the United Nations, Pope Pius XII told him that he was his "lay counterpart," according to Emery Kelen's biography of the Swedish diplomat.

JAKARTA -- It has been a year since Ardy Pohan, a 34-year-old cameraman in Jakarta, lost his job at a national TV station.

TOKYO -- Japanese motor maker Nidec on Wednesday reported a net loss of 564 billion yen ($3.6 billion) for the fiscal year ended March this year, after booking massive impairment losses mainly related to its struggling electric vehicle drive business.

CANBERRA -- Australian lithium producer Liontown has pulled the trigger on expansion plans to boost its output by more than 50% by the 2030s, as the sector responds to stronger prices for the key battery metal even as the longer-term outlook remains mixed.

HANOI -- Vietnamese conglomerate Vingroup has established a new company to invest and trade in oil and gas, marking its entry into an energy market long dominated by state-controlled businesses.

HO CHI MINH CITY -- A Warburg Pincus-backed industrial developer in Vietnam is targeting an initial public offering in 2027, according to sources familiar with the matter, as it steps up preparations to capitalize on demand from manufacturers shifting production from China and elsewhere.

TOKYO -- Japanese motor maker Nidec on Wednesday reported a net loss of 564 billion yen ($3.6 billion) for the fiscal year ended March this year, after booking massive impairment losses mainly related to its struggling electric vehicle drive business.

KOROR, Palau -- Palauans are caught "between a rock and a hard place," as citizens of the tiny Pacific island nation say they are being pulled into a geopolitical power game between the United States and China that also threatens their environment.