Search - business

 
 
Selcuk Bayraktar, chairman of Turkish defense firm Baykar and son-in-law of Turkish President Recep Tayyip Erdogan, attends the presidential swearing-in ceremony after Erdogan's election win in Ankara on June 3.
WORLD / Politics
Sep 28, 2023

Erdogan’s son-in-law makes Turkey a world leader in lethal drones

Baykar's new generation of unmanned combat aircraft will fly faster and farther, while carrying more weapons than its existing models.
Mark Zuckerberg speaks onstage during the Meta Connect Developer Conference in Menlo Park, California, on Wednesday.
BUSINESS / Companies
Sep 28, 2023

Meta unveils AI assistant and Facebook-streaming glasses

Meta CEO Mark Zuckerberg described the products as bringing together the virtual and real worlds while emphasizing lower costs.
Solomon Islands Prime Minister Manasseh Sogavare at U.N. headquarters in New York on Sept. 22
ASIA PACIFIC / Politics
Sep 28, 2023

Solomons leader says he spurned U.S. summit 'lecture'

The pro-China prime minister severed diplomatic ties with Taiwan in 2019, unlocking large sums of Beijing aid and investment.
Toyota's global sales and production for August hit record highs.
BUSINESS / Companies
Sep 29, 2023

Toyota's global sales and output hit record high in August

Global production rose 4% to a record 924,509 vehicles, including subsidiaries Daihatsu Motor and Hino Motors, the Japanese carmaker said Thursday.
Prime Minister Fumio Kishida visits a logistics company in Tokyo's Ota Ward on Thursday.
BUSINESS / Economy / FOCUS
Sep 28, 2023

What is Japan's so-called 2024 problem?

Prime Minister Fumio Kishida is turning his attention to a looming challenge: a shortage of truck drivers.
The Nvidia headquarters in Santa Clara, California
BUSINESS / Tech
Sep 28, 2023

AI chip crunch: Startups vie for Nvidia's vital component

Generative AI's lifeblood is a book-sized semiconductor known as the graphics processing unit (GPU) — built by one company, Nvidia.
Former U.S. President and Republican presidential candidate Donald Trump, in Clinton Township, Michigan, on Wednesday
WORLD / Politics
Sep 29, 2023

Appeals court will not delay Trump civil fraud trial

Despite his legal woes, Trump holds a commanding lead for the 2024 Republican presidential nomination.
Elon Musk, owner of X, formerly known as Twitter. The social media platform said it was cutting half of its global team dedicated to monitoring and limiting disinformation and fraud around major elections.
BUSINESS / Tech
Sep 29, 2023

Musk culls X's election integrity teams ahead of major votes

The job cuts appear to contradict recent statements by X's CEO Linda Yaccarino.
Core inflation in Tokyo slowed in September for the third straight month, mainly on falling fuel costs, but there are concerns the weak yen may push up import costs and the price of basic goods.
BUSINESS
Sep 29, 2023

Tokyo inflation slows on subsidies, supporting BOJ policy stance

BOJ Gov. Kazuo Ueda re-emphasized this week that the goal of achieving 2% inflation accompanied by wage gains had not yet come into sight.
Yumeshima, an artificial island in Osaka Bay, where a casino resort is expected to be built
BUSINESS
Sep 29, 2023

Osaka signs deal to open casino resort in fall 2030

Officials hope the resort will help spur the regional economy after the end of the 2025 World Expo in the city of Osaka.
Honda's new electric vehicle Prologue is displayed in Detroit on Sept. 21.
BUSINESS / Companies
Sep 29, 2023

With help from GM, Honda tries again in U.S. EV market

The carmaker unveiled the brand’s first electric SUV on Thursday, marking a renewed push into fully electric vehicles.
School children try on a space suit during an exhibition on space technology organized by the Indian Space Research Organisation and a college in Mumbai.
ASIA PACIFIC / Science & Health
Sep 29, 2023

Inside the changes at India's space agency

The moon landing was a win for the country's low-cost space engineering, as well as a quiet initiative to rebrand its space agency as approachable.
Europe captain Luke Donald speaks during the opening ceremony for the Ryder Cup in Rome on Thursday.
MORE SPORTS / Golf
Sep 29, 2023

Luke Donald calls on fans to create rowdy atmosphere at Ryder Cup

The United States will have to block out raucous home support at the Marco Simone Country Club, east of Rome.
There were 73 Japan initial public offerings during the first nine months of this year that raised a combined $3.3 billion, nearly four times as much as the same period a year earlier.
BUSINESS / Markets
Sep 29, 2023

Tokyo equity offerings surge amid shift toward capital efficiency

Investors were encouraged by a surge in the 225-issue Nikkei stock index and signs that firms have begun to manage their capital more efficiently.
The Bank of Japan headquarters in Tokyo
BUSINESS
Sep 29, 2023

Biggest selloff in 25 years hits Japan bonds as BOJ loosens grip

The selloff is a reminder that the nation’s debt market relies in part on support from public-sector institutions to outperform global peers.
The yen's slide to the cusp of ¥150 per dollar has put investors on high alert for the risk of intervention.
BUSINESS / Markets
Sep 29, 2023

Yen intervention a hard sell even as 'red line' beckons

To make even a ripple in the $5 trillion currency market, the BOJ would need to draw down massive amounts of dollar reserves.
Alpha Tauri's Yuki Tsunoda is the first Japanese driver in Formula One since 2014.
MORE SPORTS / Auto Racing
Sep 30, 2023

Foul-mouthed Yuki Tsunoda becoming cult star in Formula One

Tsunoda's foul mouth and devil-may-care attitude have inspired a cult following and an international appeal.
Singer and dancer Shizuko Kasagi's life is the basis for the new morning drama series on NHK.
CULTURE / TV & Streaming / Longform
Oct 1, 2023

When the 'Queen of Boogie' reigned in Japan

Shizuko Kasagi gave Japan a reason to rejoice again and inspired a generation of young women in the process.
Kazuo Ueda, governor of the Bank of Japan, speaks during a news conference in Tokyo on Sept. 22.
BUSINESS / Markets
Sep 30, 2023

Concern over losses won't affect monetary decision, BOJ chief says

Gov. Kazuo Ueda also said there was "still a distance to go" before the BOJ exits ultraloose monetary policy.
Four major Japanese banks have announced they will raise their 10-year fixed housing loan rates for the third consecutive month in October.
BUSINESS
Sep 30, 2023

Four major Japanese banks to raise housing loan rates in October

The hikes come as Japanese government bond yields rise after the Bank of Japan effectively raised its 10-year JGB yield cap to 1% from 0.5% in July.
A farmer at his cocoa farm in Gabeadji near San Pedro, Cote d'Ivoire, in January
BUSINESS / Markets
Oct 1, 2023

Chocolate could get even pricier if Africa’s cocoa crop flops

Cocoa prices have soared on fears that bad weather and crop disease will hurt output in Cote d'Ivoire and Ghana, which make up two-thirds of world supply.
Red Bull's Max Verstappen during a practice session for the Japanese Grand Prix. Saudi Aramco has perhaps the most visible presence among fossil fuel giants at Formula One races as one of the series' top sponsors.
ENVIRONMENT / Sustainability / OUR PLANET
Sep 30, 2023

F1 says it will reach net zero by 2030. But can it shake its polluting image?

Formula One's pledge faces myriad challenges, including its long-standing ties to some of the world's dirtiest fossil fuel companies.
A harvest at a palm oil plantation in Khammam, India, in 2022
BUSINESS
Oct 1, 2023

Aging trees show a crisis looms for the world’s everything oil

Malaysia and Indonesia provide 85% the world's most versatile edible oil — but their trees are growing old, and replacing them is expensive.
Yvie Oddly poses in front of Eagle Tokyo Blue, a Ni-chome bar instrumental in organizing many events around the Japan visits of "RuPaul's Drag Race" stars.
CULTURE / Stage
Oct 2, 2023

A 'Drag Race' tour brings inspiration and profits

When the competitors of "RuPaul's Drag Race" come through Tokyo, the local scene gets a major boost.
Johnny & Associates' outgoing head Julie Keiko Fujishima and its new chief, Noriyuki Higashiyama, bow to express their apology during a news conference in Tokyo last month.
BUSINESS
Oct 1, 2023

Johnny's looks toward a revamp as it seeks to salvage tarnished brand

Recent attempts to distance the agency from the long shadow of its namesake have been met with public backlash.
Azerbaijan President Ilham Aliyev prior to a meeting in Brussels on May 14
WORLD / Politics
Oct 1, 2023

In taking Karabakh, Azerbaijan's president avenged his father

A confluence of factors had convinced Ilham Aliyev, 61, that the time was right to do something his father couldn't.
Striking writers and actors stage a solidarity march through Hollywood on Sept. 13.
COMMENTARY / World
Oct 1, 2023

The Writers Guild had a PR strategy like no other

So how did the Writers Guild union do it? First and foremost, it’s impossible to overstate the importance of social media in the equation.
Ukrainian President Volodymyr Zelenskyy visits the Memory Wall of Fallen Defenders of Ukraine, during Defenders of Ukraine Day in Kyiv on Sunday.
WORLD / Politics
Oct 2, 2023

Ukraine left out in cold by U.S. shutdown deal

Biden says the U.S. must help Ukraine stand up to Russian President Vladimir Putin, warning that a failure to do so could embolden other autocrats.
Akinori Ishii, of startup Tsubame Industries Co., sits inside the cockpit of ARCHAX, a giant human-piloted robot developed by him and CEO Ryo Yoshida, in Yokohama on Sept. 27.
BUSINESS / Tech
Oct 2, 2023

Japan startup develops 'Gundam'-like robot with $3 million price tag

The 3.5-ton robot has two modes: the upright "robot mode" and a "vehicle mode" in which it can travel up to 10 kilometers per hour.
A shopper browses among winter coats at a department store in Mississauga, Ontario, Canada.
BUSINESS / Companies
Oct 2, 2023

Winter clothes pile up as warm weather threatens holiday shopping

With temperatures expected to start off warm, stores carrying winter clothes could find themselves loaded with inventory at the end of the season.

Longform

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