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December 22, 2024
 

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The Dubai skyline on Dec. 15, 2023. For years, Dubai has been an ideal rear base for trafficking and money laundering, with little risk of being extradited for lack of satisfactory judicial cooperation, according to European investigators and magistrates.
WORLD / Crime & Legal
Dec 19, 2024

End of the Dubai dream for Europe's drug lords?

The Gulf emirate has been a haven for some of Europe's biggest drug traffickers, but the tide may be turning.
Sanjay Mehrotra, CEO of semiconductor company Micron, addresses Semicon India 2023, India’s annual semiconductor conference, held in Gandhinagar, Gujarat state. India is trying to boost domestic chip production, a strategic move for its industrial growth and economic security.
COMMENTARY / World
Dec 19, 2024

India’s budding chip industry: A cause for cautious optimism

Amid the global "chip war," India has entered the fray as it tries to become a semiconductor leader, a move welcomed by those diversifying supply chains away from China.
Nissan and Honda may be nearing a merger to address Nissan's struggles, forming a second major hub in Japan's auto industry to rival Toyota.
COMMENTARY / Japan
Dec 19, 2024

A Honda-Nissan merger is a slow-moving savior

Nissan is struggling — burning through cash and with billions of dollars of debt due in a little over a year.
Alice Weidel, co-leader of the Alternative for Germany, speaks during a vote of confidence at the Bundestag in Berlin on Monday.
WORLD / Politics
Dec 19, 2024

Scholz’s far-right rival puts Germany’s EU exit on the ballot

Alternative for Germany co-leader Alice Weidel says the bloc’s "socialist policy making” has "destroyed the market mechanism in Europe.”
Nissan and Honda are exploring a merger, which would create a rival to Toyota Motor in Japan and better position the combined company to face competitive challenges around the world.
BUSINESS / Companies
Dec 19, 2024

Foxconn in talks with Nissan shareholder Renault, CNA says

Renault’s stake in Nissan is a holdover from a longstanding alliance between the French automaker, Nissan and Mitsubishi Motors.
Indian Prime Minister Narendra Modi speaks during a news conference at Hyderabad House in New Delhi on Monday.
ASIA PACIFIC / Politics
Dec 19, 2024

India's Modi faces test of resilience in 2025 after year of setbacks

Having secured a third term, the prime minister faces a slowing economy with his political standing decidedly weakened.
Nippon Steel headquarters in Tokyo
BUSINESS
Dec 19, 2024

Nippon Steel to join iron ore mine project in Canada

Nippon Steel will acquire a 30% interest in the Kamistiatusset project. Its investment is seen exceeding ¥140 billion, including development costs.
Consumer prices excluding fresh food rose 2.7% in November from a year earlier driven by higher energy costs.
BUSINESS / Economy
Dec 20, 2024

Japan’s inflation accelerates on energy as BOJ seeks more data

Consumer prices excluding fresh food rose 2.7% in November from a year earlier driven by higher energy costs.
The rise in crypto heists comes as bitcoin jumped 140% this year to surpass the $100,000 mark.
BUSINESS / Tech
Dec 20, 2024

Losses from crypto hacks jump to $2.2 billion in 2024, report finds

The rise in crypto heists comes as bitcoin jumped 140% this year to surpass the $100,000 mark.
Chiefs quarterback Patrick Mahomes passes against the Browns during the second quarter in Cleveland, Ohio, on Sunday.
MORE SPORTS
Dec 20, 2024

Chiefs star Mahomes set to face Texans after injury scare

Mahomes was dropped from the Chiefs' injury report on Thursday, clearing the way for him to suit up against the Texans.
Finnish Prime Minister Petteri Orpo (right) and Prime Minister Shigeru Ishiba in Tokyo on Dec. 10 prior to talks on political, trade and economic relations
JAPAN
Dec 20, 2024

Finnish PM seeks boosted military tech ties with Japan

“Finland is keen to deepen bilateral relations, and Japan is an important strategic partner for Finland,” Prime Minister Petteri Orpo told The Japan Times.
Finance Minister Katsunobu Kato said Friday that Japan will take appropriate action if there are excessive moves in the currency market, as the yen resumed its rapid downturn.
BUSINESS / Markets
Dec 20, 2024

Japan warns on yen after BOJ’s dovish messaging extends slide

Recent sharp movements in the yen feed into concerns that the government may intervene in the currency market.
Chinese President Xi Jinping waves following the inauguration of Macao's new leader on Friday.
ASIA PACIFIC / Politics
Dec 20, 2024

China's Xi urges Macao to pivot from casinos as new leader sworn in

Gaming-related taxes still make up 81% of Macao's government revenue, and experts say the city is years away from weaning itself off casino wealth.
A pedestrian crossing in Tokyo's Ginza district. In an economic report released Friday, the government cut its assessment on corporate profits for the first time since March 2023.
BUSINESS / Economy
Dec 20, 2024

Japan says overall economy recovering, but cuts view on corporate profits

Among key economic areas, the government cut its assessment on corporate profits for the first time since March 2023 as the pace of its recovery was moderating.
Foxconn’s pause in its pursuit of Nissan is the latest development in the unexpected emergence of two suitors for the ailing Japanese carmaker.
BUSINESS / Companies
Dec 20, 2024

Foxconn's interest in Nissan said to be on hold amid Honda merger talks

Foxconn’s pause is the latest development in the unexpected emergence of two suitors for the ailing Japanese carmaker.
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
BUSINESS / Companies
Dec 21, 2024

Nippon Steel alleges undue White House influence on doomed deal review

The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S. Steel, to the Committee on Foreign Investment in the United States.
Carlos Ghosn
BUSINESS / Companies
Dec 21, 2024

Ghosn says Honda deal talks indicate Nissan in ‘panic mode’

"It’s a desperate move,” the ex-Nissan chief said. "It’s not a pragmatic deal because frankly, the synergies between the two companies are difficult to find.”
Honda CEO Toshihiro Mibe at the Japan Mobility Show 2023 at Tokyo Big Sight in October 2023.
BUSINESS / Companies
Dec 21, 2024

Honda and Nissan consider mutual production of vehicles, report says

The report added that Honda will also consider supplying hybrid vehicles to Nissan as part of the potential merger, without mentioning the source of the information.
The Bank of Japan headquarters in Tokyo on Thursday
BUSINESS / Economy / FOCUS
Dec 21, 2024

Economists see BOJ's policy review as insufficient

The massive easing policy has caused adverse effects, such as a loosening of fiscal discipline, economists said.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Yasuyuki Yoshida stirs a brew in a fermentation tank at his brewery in Hakusan.
The quake that shook Noto's sake brewing tradition
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