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November 24, 2024
 

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Workers picket outside the Ford Assembly plant in Chicago on Oct. 24.
BUSINESS / Companies
Oct 30, 2023

UAW-Ford deal includes $8 billion in manufacturing investments

The UAW-Ford contract could give workers up to $70,000 in extra pay over the 4½-year life of the contract.
Hulu was founded in 2007 as a joint venture between News Corporation and NBC Universal, with Disney joining soon after as a partner.
BUSINESS / Companies
Nov 2, 2023

Disney to complete takeover of Hulu with $8.6 billion deal

The acquisition comes as the company strives to boost subscriber numbers at its Disney+ streaming service.
Elon Musk, chief executive officer of Tesla, discusses artificial intelligence in London on Thursday.
BUSINESS / Tech
Nov 7, 2023

Elon Musk's X curtails disinformation research, spurring legal fears

Restrictions on critical methods of gathering data on the platform have suppressed the ability to untangle the origin and spread of false information.
Nintendo reported operating profit of ¥94.5 billion and revenue of ¥334.9 billion in the September quarter, both beating analyst expectations.
BUSINESS / Companies
Nov 8, 2023

Nintendo lifts annual profit forecasts

The Kyoto-based entertainment company said it now expects operating income of ¥500 billion ($3.3 billion), up from ¥450 billion previously.
Pedestrians and shoppers walk past a branch of fashion retailer H&M in central Stockholm on July 17.
BUSINESS / Companies
Nov 9, 2023

Sustainable cloth-maker Renewcell struggling amid slow adoption

Stock in Renewcell lost over 80% of its value in the last month and the firm has reported an operating loss of $17 million in nine months.
Germany, which likely plays a key role in determining Europe’s China strategy, unveiled its 64-page strategy on China on July 13.
COMMENTARY / World / Geoeconomic Briefing
Nov 14, 2023

Germany’s China strategy is epoch-making but ambiguous

While attempting to protect its interests, Berlin has had to deal with business circles attempting to avoid damaging ties with Beijing.
Japan Airlines is planning to pay a winter bonus equivalent to three months' salary in this fiscal year, up from the 1.7 months' salary for the fiscal 2022 winter bonus.
BUSINESS / Companies
Nov 15, 2023

JAL to pay highest winter bonus since 2012 relisting

The planned bonus is up sharply from the 1.7 months' salary for the fiscal 2022 winter bonus.
China trails Musk in low-Earth orbit — a zone within 2,000 kilometers of the planet’s surface that’s become increasingly attractive for companies such as SpaceX offering high-speed internet access.
BUSINESS / Tech
Nov 17, 2023

China’s rivalry with Musk’s SpaceX moves to even lower orbit

Beijing is looking to deploy satellites in very low-Earth orbit, a so-far untapped region within an altitude of 450 kilometers.
Bifacial photovoltaic solar panels at a solar plant in Texas. According to a study, net zero pledges are often directly undermined by the lobbying activities of the companies making them.
ENVIRONMENT / Climate change
Nov 17, 2023

Study finds ‘net zero greenwash’ is common in corporate world

A London-based nonprofit found that 58% of the companies it analyzed advocate on climate policy in a way that’s at odds with their stated net zero goals.
Sam Altman, then the chief executive of OpenAI, in Redmond, Washington, in February
BUSINESS / Tech
Nov 19, 2023

The perpetual rise of Sam Altman takes an unexpected turn

The former OpenAI CEO was the face of an AI-fueled future. He was the most Silicon Valley person alive. Then, on Friday, he was fired.
Kyle Vogt speaks on stage at the launch of the Cruise Origin autonomous vehicle in San Francisco in January 2020.
BUSINESS / Tech
Nov 20, 2023

CEO of GM's Cruise robo taxi unit resigns amid U.S. safety review

His resignation follows weeks of turmoil at the unit, which is undergoing a safety review after one of its vehicles dragged a pedestrian.
Sam Altman was reinstated as OpenAI CEO less than five days after his ouster.
BUSINESS / Companies
Nov 23, 2023

Altman is back at OpenAI, but questions remain over firing

One of the big issue for the organization is to what extent Altman can continue pursuing outside ventures.
Microsoft's artificial intelligence prospects just got a boost from Sam Altman's return to his CEO role at OpenAI.
COMMENTARY
Nov 23, 2023

Altman’s comeback is a strategic triumph for Microsoft

Sam Altman's termination and swift rehiring will shift the dynamics at OpenAI.
Fox Corp chairman Rupert Murdoch
BUSINESS / Companies
Nov 29, 2023

Rupert Murdoch being deposed in Fox defamation case: source

Establishing that Murdoch was involved in decisions about coverage would help voting technology company Smartmatic prove liability.
Elon Musk waits backstage before being interviewed at the 2023 New York Times DealBook Summit in New York on Wednesday.
BUSINESS / Companies
Nov 30, 2023

Elon Musk says advertiser boycott may kill X

Earlier this month, Musk agreed with a post that said Jewish people hold a "dialectical hatred” of white people.
Honda will invest ¥500 billion in its electric motorcycle business by 2030.
BUSINESS / Companies
Nov 30, 2023

Honda to invest $3.4 billion in electric motorcycles by 2030

The company plans to introduce 30 new electric motorcycle models worldwide by the same year.
A Cosmo Energy service station in Tokyo
BUSINESS / Companies
Dec 1, 2023

Iwatani emerges as potential Cosmo white knight with share buy

Iwatani will pay ¥105.3 billion, or ¥6,052 per share, to raise its stake in Cosmo to 19.93% from the current 0.07%.
A worker at the Ford F-150 Lightning plant in Dearborn, Michigan in April last year. New government rules will try to shift more production of electric vehicle batteries and the materials that power them to the United States.
BUSINESS
Dec 2, 2023

U.S. sets limits on Chinese content to receive EV tax credits

The guidelines establish a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.
Spot workers who choose when and where to work through dedicated apps during their free time are seen as a new pool of human resources in industry sectors that have faced labor shortages.
BUSINESS / Economy
Dec 4, 2023

Number of 'spot workers' surges in Japan amid labor shortage

The work style has gained popularity due to the flexibility it offers: individuals can choose when and where to work through dedicated apps.
Evergrande has become a poster child for China’s property crisis since the builder defaulted two years ago. It reported a combined loss of $81 billion in 2021 and 2022.
BUSINESS / Companies
Dec 4, 2023

Evergrande winding-up hearing in Hong Kong adjourned again

The world’s most-indebted property developer now has eight weeks to convince offshore bondholders to agree on a restructuring.
Gender-neutral names were more popular for Japanese babies born in 2023, a survey has found.
JAPAN / Society
Dec 5, 2023

Popularity of gender-neutral Japanese names rose in 2023

The annual ranking by Meiji Yasuda Life Insurance, released Monday, showed that unisex names have risen in popularity.
Mori Building CEO Shingo Tsuji speaks during an interview in Tokyo on Nov. 30.
BUSINESS / Companies
Dec 15, 2023

Mori’s CEO eyeing the next Roppongi Hills, casino resort in Tokyo

The real estate developer behind the towers that have reshaped central Tokyo’s skyline isn’t done yet.
Yemeni coast guard members on patrol in the Red Sea on Tuesday amid heightened tension over drone and missile assaults by Houthi militia.
WORLD
Dec 17, 2023

Tensions spilling over from Gaza to Red Sea escalate

The shipping industry is bracing for potential economic fallout as the vital sea lane is increasingly drawn into regional unrest.
Young Japanese eels successfully hatched from the full-cycle breeding process
BUSINESS
Jan 2, 2024

Full-cycle onshore aquaculture in the spotlight in Japan

The farming method is being developed at a time when factors including overfishing are leading to falls in stocks.
A line worker installs an airbag at GM's Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, in 2018.
BUSINESS / Companies
Dec 21, 2023

Carmakers battle massive air-bag recall that may cost $10 billion

The U.S. safety regulator could recall as 52 million air-bag inflators made by ARC Automotive after some were reported to have exploded.
The U.S. Steel Clairton Coke Works in Clairton, Pennsylvania. U.S. President Joe Biden's top economic advisor said the purchase of the firm by Nippon Steel deserves serious scrutiny, in the latest sign of political pressure over the deal.
BUSINESS / Companies
Dec 22, 2023

Nippon-U.S. Steel deal deserves 'serious scrutiny,' White House says

The White House said it views a strong domestic steel industry as vital to the U.S. economy and national security.
Daihatsu's plant in Oyamazaki, Kyoto Prefecture, on Monday
BUSINESS / Companies
Dec 25, 2023

Daihatsu halts three assembly plants over testing fraud scandal

It is unclear when the company will resume production, which is expected to be suspended until at least the end of next month.
Ohkawara Kakohki President Masaaki Okawara speaks to reporters in front of the Tokyo District Court on Wednesday following a ruling ordering the government to pay damages.
JAPAN / Crime & Legal
Dec 27, 2023

Tokyo court rules executives of spray dryer firm were wrongly indicted

The case involving Ohkawara Kakohki, a Yokohama-based manufacturer, has once again highlighted problems in the nation’s criminal justice system.
Makoto Miyauchi, CEO of B-Lot
ESG CONSORTIUM
Jan 8, 2024

Young B-Lot is on the realty A list for renovations plus innovations

It has been 15 years since the founding of B-Lot Co., a real estate investment, consulting and management company, and nine years since it was publicly listed. It is still a relative youngster in the industry, which is also polarized between giant players serving large enterprises and small ones targeting...
Harvesting wheat in Punjab, Pakistan
ENVIRONMENT / Sustainability
Jan 7, 2024

Military men want to kickstart Pakistan’s green revolution

Islamabad argues that corporate farming is essential to ensuring food security for its 240 million people.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Tokyo police care for lost umbrellas, keys and flying squirrels
An employee at the Tokyo Metropolitan Police Department Lost and Found Center in the Iidabashi area of central Tokyo bags, tags and organizes thousands of items.
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

SUSTAINABLE JAPAN

The celebrated artist ‘updating’ the kimono
The celebrated artist ‘updating’ the kimono

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