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TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst-case scenario than sell it to a potential American buyer, sources said.
BUSINESS / Tech
Apr 26, 2024

ByteDance prefers TikTok shutdown in U.S. if legal options fail, sources say

A shutdown would have limited impact on its business, and it would not have to give up its "secret sauce" — the algorithm that pushes videos to users.
Solar panels on Dave Duttlinger's farmland that he leased to Dunns Bridge Solar in Wheatfield, Indiana
ENVIRONMENT / Energy
Apr 27, 2024

As solar capacity grows, some of America's most productive farmland is at risk

The solar industry is pushing into the U.S. Midwest, drawn by cheaper land rents and wide-open fields.
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
ENVIRONMENT / Climate change / OUR PLANET
Apr 28, 2024

Climate change, chalky grains and the risks for Japan’s rice farmers

As Japan’s rice farmers prepare for a new planting season, many will be hoping that this summer brings a reprieve from 2023’s brutal weather conditions.
A social welfare office in Tokyo sets up a counter for special COVID loans in June 2020.
JAPAN
May 7, 2024

Only 37% of COVID-19 special loans were repaid in Japan

Some special loan recipients had been facing financial difficulties even before the pandemic
Toyota said its group net profit in the fiscal year that ended in March nearly doubled from the previous year to hit a record high, due to robust sales of hybrid vehicles.
BUSINESS / Companies
May 8, 2024

Toyota posts record net profit on weak yen and strong hybrid sales

The carmaker saw a 31% jump in sales of hybrid vehicles, bringing the total to 3.7 million, while sales of purely electric cars were 116,500.
The year 2023 was the hottest in recorded history. The next warmest 25 have all occurred since 1996.
COMMENTARY / World
May 16, 2024

It’s officially hotter than anytime since the birth of Jesus

Tree rings hold records that can go back thousands of years, giving us the perspective we need to understand what’s happening today.
Tesla is offering discounts and service improvements to appease European leasing companies upset by price cuts and repair issues.
BUSINESS / Companies
May 20, 2024

Tesla giving discounts to European fleet buyers in damage-control drive

After years of sharp growth, Tesla's global sales and profits are declining, with an 8.5% drop in deliveries during the first quarter, marking its first decrease in four years.
People hold anti-war placards before a rap concert for Ukraine by Russian rapper Oxxxymiron in Istanbul on March 15.
WORLD / Politics
May 22, 2024

Another Russian exodus: Many who fled to Turkey move on again

When the war began in February 2022, Turkey emerged as a magnet for Russians, but now, many are moving on to nations like Montenegro and Serbia.
A member of a Ukrainian artillery crew stores munitions at a firing position near the town of Vovchansk, in the northern Ukrainian city of Kharkiv, on May 19. Two classified Ukrainian reports show that some U.S. precision-guided weapons are vulnerable to electronic warfare, an element in Ukraine's recent battlefield setbacks.
WORLD
May 26, 2024

Some U.S. weapons stymied by Russian jamming in Ukraine

Two classified Ukrainian reports show that some U.S. precision-guided weapons are vulnerable to electronic warfare, an element in Ukraine’s recent battlefield setbacks.
A Starbucks coffee shop in Beijing on May 22
BUSINESS
May 27, 2024

In China, Starbucks tries to avoid price war but gets dragged into discounting

A coffee price war in China has arisen amid persistent deflation, weak consumer sentiment, and stagnant wages.
Notwithstanding the increase in EV sales, there are now more cars than ever powered by internal-combustion engines.
COMMENTARY / World
May 14, 2024

Nevermind those EVs — oil demand keeps growing

The oil bulls still have reason to worry: With OPEC+ trying to keep prices as close as possible to $100 a barrel, non-OPEC supply, including from biofuels, keeps surging.
Greek-flagged bulk cargo vessel Sea Champion is docked to the port of Aden, Yemen to which it arrived after being attacked in the Red Sea in what appears to have been a mistaken missile strike by Houthi militia, in February.
ENVIRONMENT / Climate change
Jun 1, 2024

How Red Sea disruptions are driving up carbon emissions

A surge of attacks on ships traveling the waters of the Red Sea is forcing shippers to reroute their vessels, driving up emissions.
In addition to the supply shortages, the yen's depreciation is also blamed for the recent surge in orange juice prices in Japan, which relies almost entirely on imported orange juice.
BUSINESS / Companies
Jun 2, 2024

Orange juice crisis hits consumers in Japan

Supply shortages have forced many Japanese makers to suspend sales of orange juice products.
While European countries such as Germany have strengthened bilateral ties with Beijing, the EU as a whole is set on reducing reliance on the Chinese economy: a strategy that European Commission President Ursula von der Leyen calls "de-risking."
COMMENTARY / World / Geoeconomic Briefing
May 31, 2024

Europe’s vulnerability in the EU-China-U.S. geoeconomic triangle

Behind a semblance of unity, the EU and U.S. could be on clashing trajectories in their pursuit of economic security to reduce dependence on China.
Yayoi Kusama’s “Pumpkin,” once the victim of high waves that dragged it into the sea, sits at the end of a pier on the south side of Naoshima.
PODCAST / deep dive
Jun 6, 2024

The sweaty pleasure of Japan’s inconvenient art

This week, writer Thu-Huong Ha is our tour guide into the world of Japan’s inconvenient art movement.
People wade through a flooded road in Balagtas, Bulacan province, Philippines, on July 29, 2023.
ENVIRONMENT / Climate change
Jun 12, 2024

Hell or high water: Filipino schools lashed by climate extremes

The state weather bureau has said the country is likely to experience more tropical cyclones in 2024 due to the potential return of the La Nina weather phenomenon.
A survey has shown that 722 municipalities in Japan had made school lunch services free of charge as of September 2023. Of those, 547 provided such services at all elementary and junior high schools.
JAPAN
Jun 12, 2024

Free school lunches offered in 40% of Japanese municipalities

Many places said that they wanted to reduce financial burdens on households through the initiative.
Tourists take pictures from a boat on the Chao Phraya river in Bangkok.
BUSINESS
Jun 13, 2024

Thailand is already seeing signs of a 'White Lotus' travel bump

The series recently wrapped filming at several resorts and locations in the nation.
Postage rates in Japan are set to increase to ¥110 from ¥84 for standard-size letters weighing 25 grams or less and to ¥85 from ¥63 for postcards.
JAPAN
Jun 14, 2024

Japan Post announces October postage hike

Rates will increase to ¥110 from ¥84 for standard-size letters weighing 25 grams or less, and to ¥85 from ¥63 for postcards.
A growing number of local governments in Japan are selling reusable oversize waste collected from households on marketplace app Mercari.
JAPAN
Jun 16, 2024

Japan local governments using Mercari app to recycle oversize waste

From clothing boxes to furniture, the initiative aims to raise awareness of reusing goods while reducing carbon emissions from incineration.
A vehicle transports a RS-24 Yars strategic nuclear missile during the main rehearsals of a military parade in Moscow on May 5.
WORLD / Politics
Jun 17, 2024

Nuclear arms more prominent amid geopolitical tensions: researchers

Russian President Vladimir Putin warned in his address to the nation in February there was a "real" risk of nuclear war.
A high school student was taken to the emergency room after he complained of symptoms including vomiting. The resident physician conducted a CT scan, identified gastric dilation and diagnosed the teenager as suffering from gastroenteritis before sending him home.
JAPAN
Jun 18, 2024

Nagoya hospital error results in high school student’s death

The resident physician had incorrectly diagnosed the 16-year-old male student with a digestive disorder, but the teenager turned out to be suffering from a rare disorder.
Philippine Coast Guard personnel prepare rubber fenders after China Coast Guard vessels blocked their way to a resupply mission at the Second Thomas Shoal in the South China Sea on March 5.
ASIA PACIFIC / Politics / FOCUS
Jun 19, 2024

In South China Sea dispute, Philippines' bolder hand tests Beijing

Publicizing China's actions, combined with Manila's deepened military alliance with the U.S., has constrained Beijing's ability to escalate matters at sea.
Digital crime in Sweden has doubled since 2021 and become a growing risk for the Nordic economy.
BUSINESS / Tech
Jun 22, 2024

Ditching paper money makes Sweden a haven for digital criminals

Digital crime in Sweden has doubled since 2021 and become a growing risk for the Nordic economy.
Shareholders queue to enter a venue for SoftBank Group's annual general meeting in Tokyo's Koto Ward on Friday.
BUSINESS / Companies
Jun 26, 2024

Activist investing booms in Japan amid corporate governance reforms

International hedge funds and home-grown investors have turned the country into the world’s second-largest market for activists.
A building that houses the Fukuoka District Court
JAPAN / Crime & Legal
Jun 28, 2024

Man in Fukuoka given 20 years in prison for stalking and murdering ex-girlfriend

The man admitted to stabbing Miki Kawano, 38, to death but denied the stalking charge, saying he stabbed her in a sudden outburst.
Wind turbines near New Brighton, England. According to the International Energy Agency, Japan could produce over 900% of its energy demand with offshore wind alone.
ENVIRONMENT / Energy / OUR PLANET
Jun 30, 2024

Japan looks farther out to sea for overdue wind power boost

A bill enabling development in the country's exclusive economic zone is seen as key to Japan achieving carbon neutrality by 2050.
The number of lawmakers with income of over ¥100 million totaled seven, all Liberal Democratic Party members, in 2023, up from two in the previous year.
JAPAN / Politics
Jul 1, 2024

Lawmakers' average income rises for the first time in 5 years

The number of lawmakers with an annual income of over ¥100 million increased to seven in 2023, up from two in the previous year.
Chinese leader Xi Jinping with French President Emmanuel Macron in France in May. As part of a charm offensive, Xi visited France and other European countries in the spring.
COMMENTARY / Japan / Geoeconomic Briefing
Jul 1, 2024

Expectations vs. reality of Xi Jinping's charm offensive

Beijing is trying to win back favor in several countries to tackle its economic woes, with Xi courting bilateral relations with leaders in Europe and beyond.
Li Genyuan stands by his wheat fields, which form part of an experiment to turn salty land into arable land, in Nanliuhe village, Shandong province, China, in May. Having returned to farming after working for a decade in construction and textiles, he now manages about 67 hectares of fields where corn and soybeans are also grown.
ASIA PACIFIC
Jul 12, 2024

Xi’s campaign to feed China is turning wasteland into farms

The Chinese president has placed increased emphasis on self-reliance as ties with the West fray and climate change disrupts harvests.

Longform

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