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November 24, 2024
 

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Liudmila Sezonova, a honey merchant, with her son Albert, in their home in Kupiansk, Ukraine
WORLD
Aug 14, 2023

They endured one Russian occupation. Now, they fear a second.

The Ukrainian city of Kupiansk was liberated last year. With fighting at their doorstep, residents fear what a second Russian occupation would mean.
Fulton County District Attorney Fani Willis speaks to the media after a Grand Jury brought back indictments against former president Donald Trump and his allies in their attempt to overturn the state's 2020 election results, in Atlanta on Monday.
WORLD / Politics
Aug 15, 2023

Trump and advisers charged in Georgia for 2020 election scheme

The indictment cites a number of crimes that Trump or his associates allegedly committed from before the Nov. 3, 2020, election until September 2022.
The yen has depreciated about 3% since the Bank of Japan decided to tolerate higher benchmark bond yields on July 28.
BUSINESS / Markets
Aug 15, 2023

Yen weakens toward level that prompted September intervention

The currency has depreciated about 3% since the Bank of Japan decided to tolerate higher benchmark bond yields on July 28.
The Japan National Tourism Organization's booth at the Beijing International Tourism Expo in Beijing in June
BUSINESS / Economy
Aug 15, 2023

Return of Chinese group tours to Japan to bring economic boost

The average amount of spending by individual Chinese tourists is the second largest at ¥338,238, just behind ¥358,888 by travelers from the U.K.
An attendee walks past a wall decorated with binary code during July's World Artificial Intelligence Conference (WAIC) in Shanghai.
BUSINESS / Tech
Aug 15, 2023

Beijing aims to regulate China’s AI sector while maintaining edge

Like Europe, China is moving ahead with government oversight of what may be the most promising — and controversial — technology of the last 30 years.
A trader on the floor at the New York Stock Exchange on July 26
BUSINESS / Markets
Aug 15, 2023

U.S. loss of AAA badge shows shift in views on government debt

Fitch Ratings flagged not only U.S. governance but also higher rates driving up debt service costs, an aging population and rising health care spending.
Cirebon-1, an 11-year-old coal power station in West Java, Indonesia, is set to close early, sparing the planet millions of tons of carbon dioxide.
BUSINESS / Economy
Aug 16, 2023

Indonesian facility shows cutting coal is a hard sell for banks

The early closure of the Cirebon-1 coal plant could be a decarbonization model for Asia, but big banks have been shy about fueling the transition.
Finance Minister Shunichi Suzuki
BUSINESS / Markets
Aug 16, 2023

Yen option traders unfazed by risk of intervention from Japan

Option traders see little likelihood of intervention even if the yen weakens to ¥145.90 against the dollar.
The Internal Revenue Service headquarters in Washington. A conservative group's charge that a liberal network is abusing its tax-exempt status mirrors similar allegations made against a right-wing activist.
BUSINESS
Aug 16, 2023

U.S. ‘dark money’ donor groups trade accusations of tax evasion

Though the allegations by both sides are partisan, legal experts say the concerns they raise have been taken seriously by the IRS in the past.
Moscow has begun testing its new digital ruble with consumers this week.
BUSINESS / Tech
Aug 16, 2023

Russia tests digital ruble for sanctions evasion and social control

Development of the digital ruble took off after Western sanctions blocked Russia from parts of the global banking system.
Lahaina resident Annelise Cochran poses for a portrait on Monday, after speaking about her harrowing escape from the flames of the fires in Maui.
WORLD
Aug 16, 2023

'The ocean saved my life': How one Hawaii survivor escaped the flames

Surrounded by flames on Hawaii's scenic Lahaina boardwalk, jumping into the sea was her only choice.
People walk along Shanghai's main shopping area on March 14. China's economic activity data has been missing forecasts, raising worries that the country is approaching a crunch point.
BUSINESS / Economy
Aug 16, 2023

As China's economy slows, economists ask how much worse it can get

The demise of the country's growth has been mistakenly forecast before. Is this time different?
Bank of Japan Gov. Kazuo Ueda
BUSINESS / Markets / ANALYSIS
Aug 16, 2023

As yen enters intervention range, Japan's policymakers hold fire

With Japan now reaping some benefits from a weaker currency, intervention may not come as quickly as it did last year.
The BOJ’s monetary easing has kept the benchmark yield on 10-year JGBs below 1% for over a decade, and most traders have never experienced a major surge in rates that would put them at risk of large writedowns.
BUSINESS
Aug 16, 2023

Traders who survived the 1980s become must-have hires in Japan

With the benchmark yield on 10-year JGBs below 1% for over a decade, most traders have never experienced a surge in rates that would put them at risk.
The ocean has absorbed a whopping 90% of the warming that’s occurred in recent decades as a result of increasing greenhouse gases. Shipping is responsible for a large portion of those emissions, pumping out more than a billion tons in 2018.
BUSINESS / Markets
Aug 16, 2023

Shipping's quest for greener fuel runs into climate complications

Three-and-a-half years ago, a new rule was established to cut ships’ sulfur emissions. Yet some scientists have linked that to warmer ocean temperatures.
A farmer harvests jasmine flowers on the outskirts of Madurai, India. Jasmine has been used for millennia in India to honor the gods, and the valuable scent is now being snapped up as an essential ingredient for global perfumes.
BUSINESS / Companies
Aug 16, 2023

Scent of luxury: India's jasmine infuses global perfume

Jasmine's fragrant flowers have been used for millennia in India to honor the gods, and the scent is a key part of world-famous perfumes.
The Vinfast booth at the 2022 New York International Auto Show in New York on April 14, 2022
BUSINESS / Companies
Aug 16, 2023

Vietnamese EV-maker Vinfast surges in U.S. trading debut

The company’s shares gained 255% on Tuesday in New York, giving it a market value above U.S. auto giants such as Ford Motor and General Motors.
Kimono-clad visitors take selfie photographs at Kiyomizu Temple in Kyoto on Friday.
JAPAN
Aug 16, 2023

In July, Japan welcomed most overseas visitors since pandemic hit

The weak yen is helping to boost tourism and contribute to a surge in growth for the world's third-largest economy.
Both Mizuho Bank and Mizuho Securities USA are currently before the courts regarding discrimination lawsuits from former employees.
BUSINESS
Aug 9, 2023

Ex-Mizuho VP sues bank alleging bias against non-Japanese staff

According to the suit, much of the discrimination surfaced in response to a request for extended paternity leave.
New Paraguayan President Santiago Pena (left) shakes hands with Taiwanese Vice President Lai Ching-te at the presidential residence in Asuncion, Paraguay, on Wednesday.
ASIA PACIFIC / Politics / ANALYSIS
Aug 16, 2023

Lai’s Paraguay trip shows Taipei’s embrace of diplomatic partners

The visit has also reignited a hotly debated topic in Taiwan — whether the struggle with China over diplomatic recognition is still worth it.
A playful photo of Japanese female politicians on a work trip to Paris drew much criticism back home. The backlash may be one of the reasons women choose to avoid public service.
COMMENTARY / World
Aug 16, 2023

Japan has a misery-loves-company problem

The backlash to government officials' lighthearted moment is a prime example of how to undermine workers.
The Writers Guild of America went on strike on May 2 and was joined on the picket lines by members of the Screen Actors Guild on July 14, bringing most U.S. film and scripted television production to a halt.
BUSINESS
Aug 17, 2023

Optimism emerges among Hollywood writers over talks with studios

Writers went on strike over an impasse on compensation, minimum staffing in writers' rooms, residual payments and curbs on artificial intelligence.
Residential buildings under construction at Tahoe Group's Cathay Courtyard development in Shanghai
BUSINESS / Economy
Aug 17, 2023

China’s housing slump is much worse than official data shows

Industry insiders and economists say China’s official home-price indexes are likely understating the depth of the downturn.
A worker cleans a Toyota Electric Vehicle bZ4X on display during the Gaikindo Indonesia International Auto Show in Tangerang, near Jakarta, Indonesia, last week.
BUSINESS / Companies
Aug 17, 2023

Japan automakers race to catch up with global EV competitors

There is a sense of crisis over a possible decline of Japan's auto industry if U.S., European and Chinese automakers continue to dominate the EV market.
A neighborhood destroyed by last week’s wildfire in Lahaina, on the island of Maui, Hawaii
WORLD
Aug 17, 2023

After Maui’s wildfire horror, residents search for a way forward

Maui's residents are trying to balance rebuilding the community and dealing with grief with the tourism work needed to support themselves.
Containers in a shipping terminal at the Honmoku pier in Yokohama in June
BUSINESS / Economy
Aug 17, 2023

Japan logs first export decline in over two years

The value of exports fell in July from a year earlier, retreating for the first time since February 2021.
Fake oranges filled with captagon pills, intercepted by the customs and the anti-drug brigade at Beirut port, Lebanon, in 2021.
WORLD / Crime & Legal
Aug 18, 2023

‘Poor man’s cocaine’ costing $3 a pill threatens to proliferate

Selling for around $3 to $25 per tablet, experts say captagon is primarily produced and trafficked by groups tied to Syrian President Bashar Assad.
Members of the Ecuadorean Armed Forces stand guard outside a penitentiary in Guayaquil, Ecuador, during a joint operation between the police and the military last Saturday. A state of emergency was declared in the country on Aug. 10, following the assassination of popular presidential candidate Fernando Villavicencio.
WORLD / Politics
Aug 18, 2023

Ecuador to vote in election dominated by 'horror' of violence

The country's murder rate has soared above that of Mexico or Colombia, and several politicians have been assassinated in the run-up to the vote
China Evergrande has sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies undergoing restructurings from creditors that hope to sue them or tie up assets in the United States.
BUSINESS / Companies
Aug 18, 2023

China Evergrande files for protection in U.S. bankruptcy court

The company sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies that are undergoing restructuring.
Nippon Life Insurance headquarters in Osaka. Japanese insurers are seeking more investments in private credit, attracted to their floating interest rates as global borrowing costs jump.
BUSINESS / Companies
Aug 18, 2023

Private credit boom attracts Japan insurers with $2.6 trillion

Dai-ichi Life Insurance and Nippon Life Insurance are among companies that are seeking more investments in private credit.
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

Azabudai Hills, Tokyo’s green new downtown ‘village’
Azabudai Hills, Tokyo’s green new downtown ‘village’

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