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Japan’s Marubeni to buy Sumitomo Pharma’s Asia business for $300m

April 2, 2025

Auto assembler Handal rides China’s EV expansion into Indonesia
BEKASI, Indonesia — By any stretch of the imagination, vehicle assembler Handal Indonesia Motor is not a major player in the domestic auto market. Its one plant, in Bakasi just outside Jakarta, has an annual capacity of 14,000 units, just 1.6% of national sales last year. But it has grand ambitions. And these are an indicator of…
Citigroup to cut around 3,500 tech jobs in China
HONG KONG — Citigroup will axe around 3,500 tech jobs in its China Citi Solution Centers in Shanghai and Dalian as part of efforts to simplify its global operations, the company announced on Thursday. While based in China, workers in these positions support Citi’s global business. The reduction is expected to be completed by the…
Pakistan unveils crypto reserve plan seen as ploy to woo Trump
ISLAMABAD — Pakistan has unveiled a plan to establish a national crypto reserve, making the country an early adopter of digital currencies as a national asset. However, the move faces a mounting backlash, with critics expressing concerns about a possible erosion of national wealth. The quickly taken decision is also seen as way to garner…
Maori lawmakers suspended over protest haka performed in New Zealand Parliament
Three Māori lawmakers in New Zealand received record suspensions of up to three weeks on Thursday, local media reported, over a protest haka they performed in Parliament last year against a contentious bill. The lawmakers drew global attention in November when they performed the haka, a ceremonial chanting dance of defiance that is a cherished…
Hajj pilgrims to perform Wuquf Arafat today
Hajj pilgrims to perform Wuquf Arafat today Makkah: On the 9th of Zul Hajj, which is Thursday, June 5, 2025, pilgrims perform the most significant ritual of Hajj – Wuquf-e-Arafat (stay at Mount Arafat). Hajj is the fifth pillar of Islam, a religious duty that must be carried out at least once in the lifetime…
PM to begin for two-day official Saudi Arabia visit today
PM to begin for two-day official Saudi Arabia visit today ISLAMABAD: Prime Minister Shehbaz Sharif will depart today for a two-day official visit to Saudi Arabia, during which he is scheduled to hold important meetings with the Saudi leadership. According to the Foreign Office spokesperson, a high-level delegation will accompany the Prime Minister to Riyadh.…
Why Changemakers burn out—and how to burn bright instead
This piece is part of our ‘Ask the Expert,’ series where experts share their insights into some of the most pressing questions facing our tech ecosystem. Sign-up for your spot on Santa Meyer-Nandi’s Ask the Expert session about ‘How to burn bright, not out’ at TNW2025 on June 20 at 15:30. In our work—whether shaping…
China’s rare-earth export curbs halt output of Suzuki Swifts in Japan
TOKYO/HAMAMATSU, Japan — Japan’s Suzuki Motor has halted production of its compact Swift car in Japan due to a parts shortage caused by China’s restrictions on rare-earth exports, Nikkei learned Thursday. This is the first time Chinese export controls have directly affected the operations of a Japanese automaker. The impact could spread to other companies, depending…
Pakistan denounces Israeli incursion at Al-Aqsa Mosque
Pakistan denounces Israeli incursion at Al-Aqsa Mosque ISLAMABAD: Pakistan has strongly denounced the provocative incursion into Al-Aqsa Mosque and the intensifying Israeli aggression, describing the actions including violations at various mosque entrances as a blatant attack on the sanctity, historical identity, and legal standing of the revered Islamic site. “These deeply disturbing acts not only…