China urged to bring Japan’s Unit 731 to court for crimes against humanity

The 2025 film Nuremberg ends with a sober line from British historian R.G. Collingwood: “The only clue to what man can do is what man has done” – a stark reminder that history repeats when justice does not. While the crimes of Nazi Germany were brought before an international tribunal 80 years ago, the atrocities committed by Japan’s secret Unit 731 in northeast China’s Heilongjiang province during the second world war – have never faced a comparable legal reckoning. The covert unit conducted lethal human experiments that killed at least…

The data breach that hit two-thirds of a country

Online retailer Coupang is known as South Korea’s Amazon and built its reputation on its overnight “rocket delivery” service, but it has been a lot slower to respond to a hack that leaked the personal information of nearly two-thirds of the country’s population. Investigators said the breach began through Coupang’s overseas servers in June, but the company only became aware of it in November. The chief executive of Coupang’s South Korean subsidiary resigned this week, but Bom Kim, its Korean-American founder and chair, has yet to offer any personal apology.…

China’s food-security push to slash soy imports by two-thirds in a decade: Goldman Sachs

China is on track to slash its reliance on imported soybeans to less than 30 per cent within a decade, from the current 90 per cent, research from Goldman Sachs suggests, as Beijing accelerates efforts to shore up self-sufficiency – including inoculating its food supply against trade shocks. Demand-management strategies for the crop – a vital source of cooking oil and animal feed, as well as a key commodity at the centre of Beijing’s trade relations with Washington – reduced annual consumption by 15 million tonnes between 2021 and 2024,…

Thailand to hold early elections after PM dissolves parliament

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thailand’s Prime Minister Anutin Charnvirakul has dissolved parliament and called for an early election, deepening political uncertainty in the country amid a rolling border conflict with Cambodia.  “I would like to return power to the people,” Anutin wrote in a post on Facebook late on Thursday. The Thai constitutional monarch, King Maha Vajiralongkorn, later approved Anutin’s proposal to dissolve parliament. Thailand will have to hold a general election within 45…

Japan, US defence chiefs cover radar row and other China tensions in phone call

US and Japanese defence chiefs spoke on the phone on Friday about the recent confrontation between Chinese and Japan Self-Defence Force fighter jets, as Tokyo said it did not seek to escalate the tensions. During the call, Japan’s defence minister Shinjiro Koizumi and his US counterpart Pete Hegseth engaged in a “candid exchange” of views on the “rapidly deteriorating” security situation in the Indo-Pacific region, according to a Japanese defence ministry release. “The two sides stated serious concerns about any actions that heighten tensions in the region, expressing that China’s…

Microsoft and Amazon’s multibillion-dollar bets on India

This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. The government will release inflation data for November today. By all indications, this will be the tenth month in a row in which inflation will come below the Reserve Bank of India’s medium-term target of 4 per cent. We will keep an eye. This edition marks the first birthday of India Business Briefing. In the course of the…

Why are South China Sea disputes hard to resolve? Power ‘asymmetry’, says Malaysian expert

An inherent “asymmetry” of power poses a challenge to resolving South China Sea disputes via the quiet diplomacy traditionally favoured by Southeast Asian nations, a leading Malaysian security expert has said. Chinese analysts said Beijing supported the “Asean way” too, so long as sovereignty claims were resolved bilaterally. They also warned against external interference and “power politics” standing in the way of consensus within the bloc. Ruhanas Harun, an international relations professor at the National Defence University of Malaysia, said that Asean member states had turned to “quiet diplomacy” to…

AI stock opportunities lie in ‘battleground’ sectors, not ‘titans’, BofA Securities says

Global investors should shift their focus from Asia’s dominant AI hardware “titans” to a growing group of mid-cap “battleground” sectors that offer stronger growth potential amid intensifying competition, according to BofA Securities. In a report, analysts from the Bank of America investment banking arm mapped more than 330 Asian stocks across 22 subsectors in the artificial intelligence technology layer – representing market capitalisation of nearly US$6 trillion. The most compelling opportunities in the region were in a growing group of under-covered “battleground” sectors that had more mid-cap stocks and relatively…

FirstFT: China pledges to reverse falling investment

This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Good morning, happy Friday and welcome back to FirstFT Asia. In today’s newsletter: Beijing signals concern over falling investment Disney’s $1bn deal with OpenAI “Extortionate” World Cup ticket prices How China racked up a $1tn trade surplus China’s leaders have for the first time explicitly committed to reversing a fall in investment, one of main…

Why South Korea poses a major challenge to China’s Middle East arms sales drive

Rising tensions in the Middle East despite the fragile ceasefire agreement in Gaza are continuing to fuel demands for arms in a region where China has emerged as a major supplier. As well as supplying drones and missiles, China is looking to expand its offering into advanced weapons systems, such as fighter jets, but is facing increasing competition from a near neighbour: South Korea. While both have opportunities to expand arms exports, analysts said South Korea was relatively better positioned because prospective customers had to take into account political concerns…