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Telegram CEO Pavel Durov
BUSINESS / Tech
Sep 24, 2024

Telegram CEO Durov says app to provide more data to governments

The messaging app will provide users’ IP addresses and phone numbers to relevant authorities in response to valid legal requests.
The People's Bank of China building in Beijing
BUSINESS / Economy
Sep 24, 2024

China unleashes stimulus blitz in push to hit annual growth goal

The People's Bank of China has announced moves to boost banks’ lending to consumers and corporates, and a cut to its key short-term interest rate.
Subway operator Tokyo Metro said that its initial public offering was aiming to raise around ¥319.6 billion.
BUSINESS / Markets
Sep 24, 2024

Larger IPOs set to test dominance of smaller listings in Japan

New listings look to be gaining momentum as the Nikkei 225 Stock Average has rebounded more than 20% from this year’s intraday low on Aug. 5.
A man carries hilsa fish in a bamboo basket through a wholesale market in the Indian state of West Bengal.
ASIA PACIFIC
Sep 24, 2024

Sales of beloved fish caught in net of fraying India-Bangladesh ties

Major overfishing means stocks fall far short for India, and traders had turned to Bangladesh to fill the shortfall before the export ban.
Kioxia has scrapped its plan for an initial public offering in October, sources have said.
BUSINESS / Companies
Sep 24, 2024

Chipmaker Kioxia scraps IPO planned for October after market sell-off

Shares in peers Samsung Electronics, SK Hynix and Micron Technology are currently around a third lower than recent highs.
Italian Prime Minister Giorgia Meloni (left) and Elon Musk, the chief executive of Tesla, during the Atlantic Council Global Citizen Awards in Manhattan on Monday.
WORLD / Politics
Sep 24, 2024

Musk calls Italy’s Meloni ‘authentic, honest’ at awards gala

Musk bestowed an award on Meloni during the Atlantic Council Global Citizen Awards in Manhattan on Monday.
EV cars are pictured inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, on July 4.
BUSINESS / Tech
Sep 25, 2024

Biden's car-tech ban is a powerful new weapon against Chinese EVs

The ban on Chinese hardware and software, announced by the U.S. Commerce Department, is the Biden administration's latest salvo.
Haitham Al-Ghais, general secretary of Organization of the Petroleum Exporting Countries (OPEC), attends the Rio Oil & Gas & Energy 2024 meeting in Rio de Janeiro on Tuesday.
BUSINESS / Markets
Sep 25, 2024

No peak oil demand 'on the horizon' and phaseout a 'fantasy,' OPEC says

The oil cartel's prediction runs counter to the assessment of the Paris-based International Energy Agency.
CCP Committee Secretary and People's Bank of China head Pan Gongsheng in Beijing on Tuesday
BUSINESS / Economy
Sep 25, 2024

Xi’s economic adrenaline shot is only buying China a little time

The measures include interest rate cuts, more cash for banks, bigger incentives to buy homes and plans to consider a stock stabilization fund.
Official Kinoko no Yama earphones by Meiji (right) next to a counterfeit product
BUSINESS / Companies
Sep 25, 2024

Meiji blocks import of counterfeit Kinoko no Yama earphones

The original mushroom-shaped wireless earphones, a quirky iteration of the famous sweet treat, debuted in March on a limited run and quickly sold out.
Residential buildings in the Toyosu area in Tokyo, Japan, on Feb. 11, 2023. If rising rates on real estate investment loans are seen as a burden, people may become more cautious about acquiring properties for leasing, experts warn.
BUSINESS
Sep 25, 2024

Tokyo home prices are seen to largely withstand BOJ rate hikes

The days of making large profits from property in Tokyo may be over
Traders betting on further recovery in Japanese equities are looking to any steer from the Bank of Japan that may cap the yen’s gains and support exporters.
BUSINESS / Economy
Sep 25, 2024

Japan's corporate service inflation steady, BOJ focusing on Oct data

The BOJ is closely monitoring service-sector inflation to see if demand-driven price increases are broadening enough to warrant further interest rate hikes.
Prices for Umaibo sticks will be raised to ¥15 from current ¥12 starting October.
BUSINESS / Companies
Sep 25, 2024

Umaibo to puff up prices for the second time in two years

The company said rising costs for raw materials like corn and vegetable oil left it with no choice but to adjust the price.
The Three Mile Island plant made global headlines in 1979 with a partial meltdown at its Unit 2 reactor, the worst nuclear incident in U.S. history.
BUSINESS / Tech / ANALYSIS
Sep 25, 2024

U.S. nuclear plants won't power up Big Tech's AI ambitions right away

Plans may be delayed by high regulatory hurdles, potential fuel supply obstacles, and sometimes stiff local and environmental opposition.
Shigeru Ishiba speaks at a campaign meeting on Sept. 12 in Tokyo in the lead-up to the ruling Liberal Democratic Party's presidential election scheduled for Friday.
COMMENTARY / Japan
Sep 24, 2024

Japan’s next leader will be different — and flawed

While nine LDP lawmakers are contesting the race to become the country’s next leader, the field has narrowed to just three.
Boeing signage outside the company's manufacturing facility in Renton, Washington state, on Sept. 12
BUSINESS / Companies
Sep 26, 2024

Boeing strike leaves plane deliveries up in the air for Asian airlines

Aviation’s supply chain is still fractured from the COVID-19 pandemic, and Asian carriers are struggling to get enough aircraft to meet demand.
Yonaguni Mayor Kenichi Itokazu speaks to a Ground Self-Defense Force soldier at the town hall on Yonaguni, Japan's westernmost inhabited island in Okinawa Prefecture last  November.
JAPAN / Politics
Sep 26, 2024

Deterring Taiwan conflict is top priority for Japan's ‘front-line’ mayor

The mayor believes the U.S. and Japan must do away with "strategic ambiguity" over Taiwan if they intend to keep China in check.
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, on Wednesday.
BUSINESS / Companies
Sep 26, 2024

Meta pitches augmented reality glasses as eventual smartphone rival

The firm's Orion prototype glasses, introduced Wednesday, have lenses that can display text messages, video calls and even YouTube videos in the user’s field of vision.
U.S. President Joe Biden meets with Vietnam's President and ruling Communist Party Chief To Lam on the sidelines of the 79th session of the United National General Assembly in New York on Wednesday.
WORLD / Politics
Sep 26, 2024

Biden meets with Vietnam leader to counter ties with China and Russia

A senior U.S. official said the two leaders discussed how to accelerate a strategic partnership agreed to last year.
U.S. Steel said an arbitration board had ruled in favor of Nippon Steel's $14.9 billion buyout of the company.
BUSINESS / Companies
Sep 26, 2024

U.S. Steel says arbitration board rules in favor of Nippon Steel's $14.9 billion buyout

Nippon Steel had paid a hefty premium to clinch the deal for U.S. Steel on a bet that it could benefit from U.S. President Joe Biden's infrastructure spending bill.
The Jeep Avenger fully electric compact utility car debuted in Japan on Thursday.
BUSINESS / Companies
Sep 26, 2024

Jeep’s compact EV debuts in Japan as imported EVs take the lead

In Japan, gasoline and hybrid gas-electric cars remain the dominant powertrains of choice for local consumers.
Bank of Japan Gov. Kazuo Ueda speaks at a news conference in Osaka on Tuesday.
BUSINESS / Economy
Sep 26, 2024

Small rate hike unlikely to hurt economy, BOJ policy board noted in July

The move came as a surprise and caused roller-coaster fluctuations in stock and currency markets.
Constitutional Democratic Party of Japan President Yoshihiko Noda (right) and Nippon Ishin no Kai leader Nobuyuki Baba in Tokyo on Tuesday
JAPAN / Politics
Sep 26, 2024

CDP's Noda wants to court Nippon Ishin and DPP, but will he succeed?

The Constitutional Democratic Party of Japan's new leader faces an uphill task of bridging the differences of its peers in the opposition ahead of a general election.
Shoppers in Tokyo. Consumer inflation in the capital eased in September after outgoing Prime Minister Fumio Kishida reinstated energy subsidies to help households cope with one of the hottest summers on record.
BUSINESS / Economy
Sep 27, 2024

Tokyo inflation cools as government resumes energy subsidies

The government's energy subsidies were the biggest factors behind the deceleration, knocking 0.5 percentage point off overall inflation.
Eric Adams, mayor of New York, exits a weekly news conference at City Hall in New York in 2023.
WORLD / Crime & Legal
Sep 27, 2024

NYC mayor was corrupt for years, U.S. claims in scathing case

The indictment calls into question the political future of New York City Mayor Eric Adams, who is in charge of running the biggest U.S. city.
The Tokyo Stock Exchange in Tokyo. Japanese companies with directors that sit on multiple boards are facing the equity market’s displeasure as the bourse steps up pressure to improve corporate governance.
BUSINESS / Companies
Sep 27, 2024

‘Moonlighting’ directors are problem for company boards in Japan

The Tokyo bourse has demanded that firms in its blue-chip Prime section get at least a third of their board members externally.
Shipping containers are stacked on a pier at the Red Hook Terminal in Brooklyn, New York. A prolonged strike, alongside an ongoing strike by 30,000 machinists at Boeing, could put a dent in the U.S. job market next month at a critical moment.
BUSINESS / Companies
Sep 27, 2024

Shippers scramble for workarounds ahead of threatened U.S. port strike

A prolonged strike, alongside an ongoing strike by 30,000 machinists at Boeing, could put a dent in the U.S. job market next month at a critical moment.
A Toyota Rav-4 Prime charges at an electric vehicle charging station in New York on Sept. 3. Toyota's sales fell again in August after declines in Japan and China put an end to a short-lived recovery.
BUSINESS / Companies
Sep 27, 2024

Toyota production falls on vehicle safety scandals and U.S. recalls

Global output, including that of subsidiaries Daihatsu Motor and Hino Motors, dropped in August by 12.6% from a year earlier
Myanmar's then-state counselor, Aung San Suu Kyi, meets with Fumio Kishida, Japan's then-foreign minister, for talks in Tokyo in November 2016.
COMMENTARY / Japan
Sep 27, 2024

Kishida’s failure to support democracy in Myanmar

Kishida's lack of engagement with Myanmar's pro-democracy movement shows he prioritized economic relations over democratic values.
New Liberal Democratic Party leader Shigeru Ishiba (right), economic security minister Sanae Takaichi (left) and Prime Minister Fumio Kishida celebrate after Ishiba won the LDP leadership race on Friday in Tokyo.
BUSINESS / Markets
Sep 27, 2024

Yen rallies as Ishiba beats Takaichi in LDP race

Ishiba has shown support for the BOJ’s rate policies and the independence of the central bank.

Longform

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