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Under pressure from widespread illegal narcotics distribution, Southeast Asia’s largest economy has expressed a willingness to let authorities shoot down drug dealers, sparking fears the country could embark on a Philippine-style drug war. In a speech last week, Indonesian President Joko Widodo, or Jokowi, said his country faced a “narcotics emergency” and recommended police to […]

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SHENZHEN, China — Chinese tech firm Huawei has clawed its way to the top in China and now it wants to clobber Apple and Samsung globally by selling to richer customers. “We’re more focused on developed countries, instead of developing countries,” Richard Yu, CEO of Huawei’s consumer business group, told CNBC. That’s because they’re more […]

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Meg Whitman dismissed speculations on Friday morning Asia time that she may join Uber as a replacement for its former chief, Travis Kalanick. Whitman, who is currently CEO of Hewlett Packard Enterprise, emerged as a front-runner in the ride-hailing company’s search for a new chief executive officer after Kalanick stepped down in June, following pressure […]

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SHENZHEN, China — Chinese tech firm Huawei has clawed its way to the top in China and now it wants to clobber Apple and Samsung globally by selling to richer customers. “We’re more focused on developed countries, instead of developing countries,” Richard Yu, CEO of Huawei’s consumer business group, told CNBC. That’s because they’re more […]

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Japanese household spending in June jumped the most since 2015 as job availability improved to a fresh 43-year high, in a sign the tightening labor market is helping push up wages and consumer spending — albeit gradually. Underscoring stubbornly low inflation despite the tightening job market, core consumer prices rose just 0.4 percent in June […]

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