News

Britain's postal regulator Ofcom will not overhaul rules for direct mail delivery competition, dealing a blow to Royal Mail which has complained rival offers will undermine its ability to deliver a nationwide service.

Takata Corp (7312.T) is preparing to comply with a U.S. order to expand a region-specific recall nationwide, the Nikkei said on Tuesday, a move that's likely to add millions more to the tally of cars called back to replace potentially deadly air bags.

Taiwan's president on Tuesday said he was stepping down as chairman of the ruling party in a widely expected move that comes after the Kuomintang was trounced in local elections on the weekend.