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November 23, 2024
 

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The Illuminate USA solar panel plant in Pataskala, Ohio, on Monday
ENVIRONMENT / Energy
Jul 18, 2024

Many U.S. solar factories are lagging, except for those China owns

Chinese companies will have at least 20 gigawatts' worth of annual solar panel production capacity on U.S. soil within the next year.
Namibia is emerging as an oil exploration hub with major finds by different oil giants, which could significantly boost the country's economy.
BUSINESS / Markets
Jul 18, 2024

African outpost Namibia gets ready to become new oil hotspot

Massive oil finds 180 miles off Namibia’s coast have seen an 80% success rate since 2022 — an almost unprecedented achievement.
U.S. Vice President Kamala Harris supports President Joe Biden as he speaks from the White House on Sunday about the shooting of his Republican challenger, Donald Trump.
COMMENTARY / World
Jul 18, 2024

It’s no big deal that a woman may be the president. What a beautiful thing.

Despite some lingering biases, evidence suggests that female leaders often outperform male leaders, particularly in areas like public health.
Dodgers slugger Shohei Ohtani speaks with Cubs pitcher Shota Imanaga during MLB All-Star festivities at Globe Life Field in Arlington, Texas, on Monday.
BASEBALL / MLB
Jul 19, 2024

Dodgers and Cubs to open 2025 MLB season in Tokyo

The opening series at Tokyo Dome marks the 25th anniversary of the first regular-season games played in Japan.
The underperformance of the Tokyo Stock Exchange's Growth Market 250 illustrates how smaller companies may bear a heavier burden should Bank of Japan officials raise interest rates.
BUSINESS / Markets
Jul 19, 2024

Newfound love for Japan’s small cap stocks to be tested

Strategists are increasingly concerned that the prospect of rising interest rates will weigh on smaller businesses that are vulnerable to rising borrowing costs.
Japan cut its economic growth forecast for the current fiscal year, reflecting weaker-than-expected private consumption.
BUSINESS / Economy
Jul 19, 2024

Japan cuts growth forecast as prime minister warns of weak-yen pain

The government cut its economic growth forecast for the current fiscal year ending in March 2025 to 0.9% from 1.3% projected in January.
The Bank of Japan's headquarters in Tokyo
BUSINESS
Jul 19, 2024

BOJ urged to halve bond buying in scheduled tightening plan, minutes show

A significant number of the participants also urged the BOJ to taper bond purchases gradually to avoid upending the bond market.
A large screen in the Dubai Metro is out of service on Friday amid a massive global IT outage.
WORLD
Jul 20, 2024

From ATMs to flights, epic IT crash leaves trail of destruction

In what will go down as the most spectacular IT failure the world has ever seen, a botched software update from a cybersecurity firm caused a global systems outage.
The CrowdStrike offices in Sunnyvale, California, on Friday
BUSINESS / Tech
Jul 20, 2024

CrowdStrike update that caused global outage likely skipped checks, experts say

Faulty code resulted in one of the most widespread tech outages in recent years for companies using Microsoft's Windows operating system.
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes
BUSINESS / Tech / FOCUS
Jul 20, 2024

Trump’s disdain for digital dollar risks ‘Cold War era’ in money

His vow to never allow the dollar to be digitized may turn money into a new front in Trump's trade war with China.
An aerial view on Monday of the Butler Farm Show grounds in Butler, Pennsylvania, where a gunman attempted to assassinate former President Donald Trump during a campaign rally on July 13.
WORLD / Crime & Legal / FOCUS
Jul 20, 2024

From honor student to the gunman who tried to kill Donald Trump

Thomas Crooks was a brainy and quiet young man who built computers and won honors at school, impressing his teachers. Then he became a would-be assassin.
Former U.S. Secretary of State Mike Pompeo speaks during the last day of the 2024 Republican National Convention on Thursday in Milwaukee, Wisconsin.
BUSINESS / Companies
Jul 20, 2024

Nippon Steel hires Mike Pompeo to help clinch purchase of U.S. Steel

Pompeo, who served as the U.S.’ top diplomat under Donald Trump, will be an adviser to the Japanese company for its $14.1 billion purchase.
As childish as Ryokan may have been, human suffering wrung his heart. A portrait of the monk and calligraphy by him are shown here. (Ink on paper; early 19th century; replica before 1970)
JAPAN / History / The Living Past
Jul 21, 2024

Ryokan and us: 'How wide! How boundless!'

The Edo Period monk could see the world through a child's eyes, maybe even those of a child from our modern era.
The No. 1 reactor building stands at Korea Hydro & Nuclear Power Co.'s Shin-Kori nuclear power plant in Ulsan, South Korea.
BUSINESS
Jul 21, 2024

South Korea edges ahead of rivals to build Europe’s nuclear reactors

A pair of projects in the Czech Republic could set up South Korea to build reactors for Western countries that are reconsidering nuclear energy.
Data has shown that Western pension funds may inadvertently be helping Russian President Vladimir Putin as Moscow looks to ramp up liquefied natural gas exports to replenish Kremlin coffers and fund its war in Ukraine.
BUSINESS / Economy
Jul 21, 2024

How U.S. pension funds help Putin’s gas gambit

The case spotlights the opacity of the global finance and how hard it remains to sever Moscow from a key revenue source even two years after the Ukraine invasion.
U.S. Vice President Kamala Harris arrives aboard Air Force Two in Buzzards Bay, Massachusetts, traveling to a campaign fundraiser, on Saturday.
WORLD / Politics
Jul 21, 2024

Trump campaign prepares attack plan for Harris in case Biden withdraws

The effort assumes that the U.S. vice president would be the most likely candidate to replace the president at the top of the Democratic ticket.
Unfortunately, the Bank of Japan kept monetary policy too tight after the 1985 Plaza Accord, leaving Japan mired in deflation and recession for two decades. 
COMMENTARY / World
Jul 21, 2024

Does the world need a Plaza Accord 2.0?

Unfortunately, the Bank of Japan kept monetary policy too tight after 1985 Plaza Accord and Japan was mired in deflation and recession for two decades.
The misinterpretation of data on guns and self-defense in the United States highlights how studies may overstate the benefits while downplaying risks and unintended consequences.
COMMENTARY / World
Jul 21, 2024

Guns aren’t as good for self-defense as America thinks

Like other public health crises, gun violence has been studied and scientists have data pointing to ways the carnage can be reduced.
While chip stocks have been on a tear this year, some strategists see signs of overheating within the sector.
BUSINESS / Tech
Jul 22, 2024

Top Taiwan tech fund says there’s still more juice in AI rally

Fund manager sees more opportunities in Taiwanese and Japanese stocks amid tensions between the U.S. and China.
A street cleaner at the Lujiazui Finance District in Shanghai
BUSINESS / Economy
Jul 22, 2024

Xi vows to rewire China’s finances and help indebted regions

Plans centered around shifting more revenue from the central to local coffers in China, such as by allowing regional governments to receive more of the consumption tax.
Leveraged funds reduced net short positions on the yen the most since March 2011 during the week to July 16.
BUSINESS / Markets
Jul 22, 2024

Hedge funds slash short yen bets by most in more than a decade

Hedge funds pared bets against the yen in spectacular fashion after a suspected double-whammy market intervention from Japanese authorities.
The People's Bank of China building in Beijing on May 29
BUSINESS / Markets
Jul 22, 2024

China cuts key rate after Xi’s big meeting disappoints investors

The People’s Bank of China cut the seven-day reverse repo rate, a key short-term policy rate, in the first reduction in almost a year.
Nvidia CEO Jensen Huang presents on the chipmaker's Blackwell platform at an event ahead of the Computex forum, in Taipei on June 2. The flagship Blackwell series was unveiled in March.
BUSINESS / Tech
Jul 22, 2024

Nvidia preparing version of new flagship AI chip for Chinese market, sources say

The Chinese version of the chip will be made compatible with current U.S. export controls.
People visit the Xpeng booth during the 20th Shanghai International Automobile Industry Exhibition on April 19, 2023.
BUSINESS / Tech
Jul 22, 2024

Volkswagen and Xpeng deepen software collaboration across EVs in China

Chinese electric vehicle maker Xpeng said that it has entered into a technical collaboration agreement with Volkswagen.
At a waste center in Kamikatsu, Tokushima Prefecture, residents separate trash into 45 different categories as the town aims to become "zero waste."
COMMENTARY / Japan
Jul 22, 2024

How circular economy initiatives are changing the world

From Asia to Europe to Africa, public and private entities are finding new ways to revolutionize the economic paradigm from a linear to a circular model. In Japan, too.
Attendees inspect a Lamborghini Revuelto high performance electrified vehicle on the opening day of the Geneva International Motor Show Qatar 2023, in Doha on Oct. 6, 2023.
BUSINESS / Tech
Jul 22, 2024

In the world of luxury cars, hybrids are the sexiest new thing

Engineers insist the technology is as much about getting more performance out of existing combustion engines as it is about going green.
U.S. Vice President Kamala Harris delivers remarks on the South Lawn of the White House in Washington on Monday.
WORLD / Politics
Jul 23, 2024

Taking on Trump, Kamala Harris vows to draw on prosecutorial experience

The U.S. vice president has also promised to drive forward laws to protect abortion rights and ban assault rifles, and focus on rebuilding the middle class.
Bank of Japan officials are divided over whether to raise interest rates at a policy meeting next week, people familiar with the matter say.
BUSINESS / Economy
Jul 23, 2024

BOJ is said to see weak consumer spending complicating rate call

Weak consumer spending has prompted the government to cut its fiscal year growth forecast to 0.9%, with central bank likely lowering its projection to 0.5%.
The exchange rate for the Japanese yen against the euro (left) and the U.S. dollar is displayed at a foreign exchange brokerage in Tokyo on June 27.
BUSINESS / Markets
Jul 23, 2024

Citi flags possible euro-yen intervention if rate nears ¥180 level

The euro-yen pair traded as high as ¥175.43 on July 11 — a record since the common currency was launched in 1999 — before retreating.
Boxes of canned quail eggs are piled up at a warehouse in Toyokawa, Aichi Prefecture, earlier this month.
JAPAN / Society
Jul 23, 2024

Quail egg farmers struggle after schools remove item from lunches

A fatal choking incident in February involving a canned quail egg at a Fukuoka elementary school led schools nationwide to remove the item from their lunches.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
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.”
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.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

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

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