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Meetings will be held regularly at the vice-minister level, with officials reporting back to Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng, according to the Treasury.
BUSINESS / Economy
Sep 23, 2023

U.S. and China form economy working groups in sign of better ties

Meetings will be held at the vice-minister level, with officials reporting back to U.S. Treasury chief Janet Yellen and Chinese Vice Premier He Lifeng.
U.S. Sen. Robert Menendez
WORLD / Politics
Sep 23, 2023

Charged with bribery, U.S. Sen. Bob Menendez vows not to resign

U.S. prosecutors on Friday charged powerful Sen. Bob Menendez and his wife with taking bribes from three New Jersey businessmen, which could complicate Democrats' efforts to keep their slim majority in the U.S. Senate in next year's elections.
Players compete against one another during the Just Dance event at the Olympic Esports Week in Singapore in June.
MORE SPORTS / FOCUS
Sep 24, 2023

China hosts esports’ biggest moment with Tencent at the wheel

The once-in-four-years Asian Games, effectively a regional Olympics, is the first time that competitive video games will be eligible for medals.
Light from the opening ceremony of the 2022 Asian Games in the sky over the Hangzhou Olympic Sports Centre Stadium in Hangzhou, China on Saturday.
MORE SPORTS
Sep 24, 2023

China opens Hangzhou Asian Games with dazzling ceremony

Spectators in the city's 80,000 capacity stadium let out a huge roar as Chinese leader Xi Jinping was introduced and sat with visiting dignitaries.
The Baihetan hydropower plant on the border between Qiaojia county of Yunnan province and Ningnan county of Sichuan province, China
BUSINESS / Markets
Sep 24, 2023

China and India lead Asia's biggest hydropower crunch in decades

Intense heat, low rainfall and other extreme weather conditions have left many major Asian economies facing shortages of renewable power.
International investors are investing more money into hotels because of Japan's post-pandemic tourism boom.
BUSINESS / Economy
Sep 24, 2023

Singapore is Japan’s top property investor in 2023, report says

International investors are also attracted to Japan's low borrowing costs, and putting more money into hotels because of a post-pandemic tourism boom.
The Capcom booth at the Tokyo Game Show in Chiba last week
BUSINESS / Companies
Sep 25, 2023

Capcom sets sights on India's growing game market

Capcom targets selling more than 100 million copies of games a year.
Gold has often been seen as the quintessential "anti-dollar” — a place to turn for those who distrust fiat currency.
BUSINESS / Markets
Sep 25, 2023

Yields spike and gold shrugs. What’s driving bullion now?

As inflation-adjusted rates soared this year to the highest since the financial crisis, bullion has barely blinked.
An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyberattack earlier this month, in Las Vegas, Nevada
BUSINESS / Tech
Sep 25, 2023

'Power, influence, notoriety': The Gen-Z hackers who struck MGM and Caesars

Experts say they appear to be more sophisticated, disciplined and organized than many cybercriminal actors, and probably between 17 and 22 years old.
U.S. House Speaker Kevin McCarthy speaks with reporters after opening the House floor at the U.S. Capitol in Washington, on Sept. 18.
WORLD / Politics
Sep 25, 2023

Republicans appeal to conservatives to avert U.S. shutdown

Congress so far has failed to finish any of the 12 regular spending bills to fund federal agency programs in the fiscal year starting on Oct. 1.
Members of the Writers Guild of America picket outside of Universal Studios in Universal City, California, on Friday.
CULTURE / Entertainment news
Sep 25, 2023

Striking Hollywood writers reach tentative deal with studios

The WGA settlement, while a milestone, will not return Hollywood to work. The SAG-AFTRA actors' union remains on strike.
An agricultural robot used in Ota, Gunma Prefecture. The agriculture ministry is currently supporting the development and testing of related technologies by companies in 217 districts across Japan.
BUSINESS / Economy
Sep 25, 2023

As farmers gray, Japan pins hopes on robots and smart agriculture

The agriculture ministry is currently supporting the development and testing of related technologies by companies in 217 districts across Japan.
An aerial view of part of the 95,000-hectare Rio Preto-Jacunda State Nature Reserve, in Rondonia State, Brazil, after it was burned down, on Sept. 6.
ENVIRONMENT / Sustainability
Sep 25, 2023

Arson turns Amazon reforestation project to ashes

A project that replanted trees in an illegally deforested nature reserve in Brazil was allegedly torched by land-grabbers.
The Nikkei stock index on June 1. Japan equity has gained 95% since 2020, the highest rate among G7 nations.
COMMENTARY / Japan
Sep 25, 2023

Japan shows how to defeat secular stagnation

Outperforming other G7 countries on several economic indicators, Japan is demonstrating how prosperity can grow despite a shrinking population.
SoftBank is targeting ¥120 billion in sales of the so-called bond-type class shares that will be listed on the Tokyo Stock Exchange.
BUSINESS / Companies
Sep 25, 2023

SoftBank to sell more than ¥120 billion of bond-type stock

The firm has tentatively offered a dividend rate from 2.5% to 3% for the first five years.
Prime Minister Fumio Kishida in New York on Wednesday
BUSINESS / Economy
Sep 25, 2023

Kishida outlines new economic measures for 'sustainable wage growth'

Some of the measures are intended to raise earnings by easing workers’ concerns about so-called annual income barriers.
A weak yen, ultraeasy monetary policy and hopes for stable inflation have helped push the Topix to its highest level since 1990.
BUSINESS / Markets
Sep 26, 2023

Japan’s stock boom to drive equity sales through 2024, BofA says

A weak yen, ultraeasy monetary policy and hopes for stable inflation have helped push the Topix to its highest level since 1990.
Zaein, created by artificial intelligence company Pulse9, is one of South Korea's most active virtual humans.
BUSINESS / Tech
Sep 26, 2023

In South Korea, AI-driven virtual humans go mainstream

Digital humans have been created for some of the country's largest conglomerates, with research indicating the tech could be worth $527 billion by 2030.
Workers in front of residential buildings under construction at the Phoenix Palace project, developed by Country Garden Holdings, in Guangdong province, China, on Sept. 21
BUSINESS / Markets
Sep 26, 2023

China’s ailing property market faces key test over golden week

The stakes are higher than ever this year, as the housing slowdown weighs on China’s economic recovery.
U.S. President Joe Biden poses for a photograph with Pacific Islands Forum leaders on the South Portico of the White House in Washington on Monday.
ASIA PACIFIC / Politics / ANALYSIS
Sep 26, 2023

Biden seeks to reassure Pacific islands in push to counter China

U.S. President Joe Biden sought to reaffirm Washington’s commitment to the Pacific islands as he again hosted leaders from the region at the White House.
French President Emmanuel Macron arrives at the Palazzo Montecitorio in Rome on Tuesday.
BUSINESS
Sep 27, 2023

Macron is pushing the EU into $900 billion fight with China

The bloc's new approach is being shaped by French concerns that Beijing’s trade practices have started to pose a critical threat to core industries.
Members of the United Auto Workers pickett outside of the Michigan Parts Assembly Plant in Wayne, Michigan, on Tuesday.
BUSINESS / Companies
Sep 27, 2023

Japanese automakers stand to gain from Detroit’s labor strike

Many firms receive a large percentage of their overall revenue from U.S. markets, so the labor action there may give a tailwind to Japanese carmakers.
Customers load their shopping into a vehicle at a New World supermarket in Wellington, operated by Foodstuffs New Zealand.
ASIA PACIFIC / Crime & Legal
Sep 27, 2023

Cost-of-living stress fuels crime wave in Australia and New Zealand

While the thefts are brazen, organized and increasingly violent, experts say the shoplifting underscores the hardship many people are facing.
Nissan and Renault's deal to rebalance their troubled alliance has given them more freedom to pursue other partnerships and become more agile.
BUSINESS / Companies
Sep 27, 2023

Renault and Nissan to drop common alliance purchasing organization

The new setup reflects Renault’s efforts to grow more independent from its Japanese partner after years of tensions within the alliance.
A cryptocurrency mining center in Russia
COMMENTARY / World
Sep 27, 2023

Bitcoin’s power-hungry history offers lessons for AI’s future

As AI grows, so does its energy footprint, but its developers needn't look much further than bitcoin's recent past to find climate-friendly solutions.
(From left) G.R.D.V., Marao and Ryuseigun Saionji make up BBBBBBB (seven Bs pronounced one letter at a time), an Aichi Prefecture-based project whose brand of digital hardcore has made it one of the up-and-coming figures in Japan’s contemporary underground scene.
CULTURE / Music
Sep 28, 2023

BBBBBBB's sense of humor cuts through the noise

The Aichi Prefecture-based digital hardcore project finds inspiration in the loud chaos of Hollywood blockbusters from the 1990s.
A worker in a factory that makes seats for BMW in Shenyang, China, on Sept. 11. China, facing an economic slump, wants to make its industrial northeast more productive, turning to policies that some economists say have outlived their time.
ASIA PACIFIC / Society
Sep 27, 2023

Slowing and in debt, can China’s industrial heartland be revived?

The country, facing an economic slump, wants to make its northeast more productive, turning to policies some economists say have outlived their time.
Liquefied natural gas tanks in Sodegaura, Chiba Prefecture
BUSINESS
Sep 27, 2023

Industry ministry sees LNG stocks recovering toward winter

LNG stocks have been declining since May as a long, hot summer boosted the use of air-conditioners, lifting demand for power and fuels.
China's COSCO Shipping Ports is the world’s largest shipping company and port terminal operator.
COMMENTARY / World
Sep 26, 2023

China’s port investments and risks to national security

The gray area between domestic and foreign jurisdictions and private and state-owned enterprises should be cause for concern.
The Palais de Rumine, one of the former buildings of the University of Lausanne in Switzerland where famed-Italian sociologist, economist, political scientist and philosopher Vilfredo Pareto taught and penned many of his major works.
COMMENTARY / World
Sep 13, 2023

Italian intellectual Vilfredo Pareto and the roots of politics

The great Italian public intellectual Vilfredo Pareto saw free trade as beneficial to all and military spending as detrimental to many.

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