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21.09.2024 0:54
NYK Line to turn ships into scrap iron in Japan - Nikkei Asia TOKYO -- Japanese shipping company Nippon Yusen will work with a domestic industrial waste processor to create a facility in Japan for dismantling vessels safely, looking to promote recycling of the highly pure iron used in shipbuilding.NYK Line, as the company is better known, recently signed a memorandum of understanding with Oono Associates for a joint study. The dismantling will be carried out at a dry dock owned by Oono in central Japan's Aichi prefecture near Nagoya. The site also will have facilities for incinerating industrial waste to generate electricity.

21.09.2024 1:05
The world must not stand by as autocrats steal elections - Nikkei Asia Mu Sochua, a former Cambodian politician and Nobel Peace Prize nominee, is president of the Khmer Movement for Democracy.In this new age of autocracy, there are many ways to steal an election. Some autocrats slowly turn their country into a one-party state, step by step, by taking control of the media, marginalizing civil society, packing the courts with their supporters and gerrymandering. But in two nations that have held elections in the last year, Venezuela and Cambodia, no such subtle strategies have been employed.

21.09.2024 1:46
Thailand condo market loses steam as Chinese, Russian money retreats - Nikkei Asia BANGKOK -- Thailand's condominium sales are showing signs of slowing after a run-up driven by Chinese, Russian and other foreign buyers.Condos purchased by foreign buyers fell 6% on the year in the April-June quarter to 3,342 units, for an 18% decline in value terms to 14.8 billion baht ($449 million), according to the Real Estate Information Center, part of Thailand's state-owned Government Housing Bank.

21.09.2024 2:49
BOJ faces tricky path toward a rate hike as Fed goes other way - Nikkei Asia TOKYO -- If the Bank of Japan were to hike policy rates while the U.S. goes in the opposite direction, such a gambit would completely break with precedence established over the past quarter century.The BOJ stood pat on its policy on Friday, two days after the U.S. Federal Reserve cut rates by half a percentage point, the first cut in four years.