Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden after a U.S. panel on foreign investments was unable to reach a consensus.
BUSINESS / Companies
Dec 24, 2024
Nippon Steel's bid for U.S. Steel referred to Biden for final decision
Committee on Foreign Investment in the United States referred the bid to the U.S. president after failing to reach a consensus.
"In order to secure quality talent, we have to raise wages above inflation," Daiwa Securities CEO Akihiko Ogino has said.
BUSINESS / Companies
Dec 24, 2024
Daiwa aims to raise wages at least 5% next year amid competition for talent
Daiwa is discussing a pay raise of at least 5% for the financial year beginning in April 2025, after hikes of 5%, 4% and 7% in the three years prior.
JR Kyushu concluded that it will not be able to guarantee the safety of the Queen Beetle high-speed passenger ferry operations even after safety measures are taken.
BUSINESS / Companies
Dec 24, 2024
JR Kyushu to end passenger ship operations after water leak incident
JR Kyushu Jet Ferry covered up a water leak incident on its high-speed passenger ferry linking Hakata Port with the city of Busan in South Korea.
Honda CEO Toshihiro Mibe speaks during a joint news conference with heads of Nissan and Mitsubishi Motors on their merger talks in Tokyo on Monday.
BUSINESS / Companies / ANALYSIS
Dec 24, 2024
Honda crafts Nissan rescue plan that plays out over years
While executives called the transaction a merger, Honda will take the lead in forming the new entity and nominate a majority of its directors.
Nissan CEO Makoto Uchida (left), Honda CEO Toshihiro Mibe (second from left) and Takao Kato, CEO of Mitsubishi Motors, hold a news conference on merger talks on Monday in Tokyo.
BUSINESS / Companies
Dec 23, 2024
Honda-Nissan megamerger in the works
Both carmakers are facing overcapacity and the need for huge investments related to electric-vehicle and self-driving technologies.
Hiroshi Shimizu (left), president of Nippon Life Insurance, and Satoshi Asahi, vice president and future president, shake hands after a news conference Wednesday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
Dec 23, 2024
Nippon Life’s $12 billion acquisition spree is just beginning
Having committed to pouring billions into a pair of global insurers, the firm is now turning to asset managers, as it seeks to diversify business at home and abroad.
People gather to view a rocket launch test by AstroX in the city of Minamisoma, Fukushima Prefecture on Nov. 9.
BUSINESS / Companies
Dec 22, 2024
Fukushima startup aiming to launch rocket from flying balloon
Since the method does not require large-scale ground facilities, the cost can be reduced to one-third of that on the ground, according to the company.

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Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
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