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Nippon Life Insurance, Japan’s largest insurer by assets, will buy $250 million worth of convertible notes and $300 million of preferred securities issued by TCW Group.
BUSINESS / Companies
Dec 12, 2024

Nippon Life ramps up global push with $550 million TCW deal

The announcement comes just a day after Nippon Life agreed to buy Bermuda-based Resolution Life Group Holdings for about $8.2 billion.
Business sentiment among large manufacturers in Japan improved for the first time in two quarters, the Bank of Japan's tankan survey for December showed Friday.
BUSINESS / Economy
Dec 13, 2024

Japan business mood improves slightly, but global risks cloud outlook

The Bank of Japan tankan survey results come ahead of a two-day policy meeting next week, when its board will debate whether to lift rates from the current 0.25%.
Children eat at a <i>kodomo shokudo</i> in the city of Osaka. The number of such cafeterias, which provide free or low-cost meals to children in need, has surpassed 10,000 nationwide.
JAPAN / Society
Dec 13, 2024

Number of cafeterias for children in need hits record high in Japan

There are now more kodomo shokudo, which offer free or low-cost meals, than elementary and junior high schools.
Tour guides wait to collect tour groups from Hong Kong outside the Shenzhen Bay border crossing in Shenzhen, China
BUSINESS
Dec 14, 2024

Educated young Chinese turn to tour guiding as job market wavers

Tour guiding is becoming an increasingly popular fallback option in a China rife with employment instability as the economy slows.
Sulaiman, a Rohingya refugee who recently fled Myanmar, poses for a picture at a refugee camp near the town of Cox's Bazar, Bangladesh, on Nov. 22.
ASIA PACIFIC / Politics
Dec 17, 2024

How Myanmar’s junta is suppressing information about a hunger crisis

Junta representatives have warned aid workers against releasing data and analysis that indicate millions of people in Myanmar are experiencing serious hunger.
RB's Liam Lawson ahead of the Qatar Grand Prix on Dec. 1
MORE SPORTS / Auto Racing
Dec 18, 2024

Red Bull set to replace Sergio Perez with Liam Lawson, not Yuki Tsunoda

The move comes after Red Bull saw its run of consecutive constructors' championships come to an end in 2024, McLaren finishing on top.
Cubs outfielder Cody Bellinger hits a home run during a game at Dodger Stadium in September. Bellinger was traded to the Yankees on Monday.
BASEBALL / MLB
Dec 18, 2024

Yankees acquire outfielder Cody Bellinger from Cubs

The Yankees will take on the bulk of Bellinger's $27.5 million salary, but Chicago kicked in $5 million to New York in the deal, according to reports.
Nomura Holdings and other major brokerages in Japan are raising compensation and benefits for senior employees age 60 or over.
BUSINESS / Companies
Dec 19, 2024

At Japan's brokerages, skills shortage improves conditions for older staff

Employees age 60 and above are increasingly getting paid for performance and given heavier responsibilities in line with their experience.
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.
JAPAN
Dec 20, 2024

Record 78% of people in Japan feel anxious, government survey finds

The poll found that people worry most about their own health, plans for life after retirement, and the outlook for future income and assets.
Luigi Mangione, the suspect in the murder of UnitedHealth Group executive Brian Thompson, arrives at a helicopter pad after being extradited from Pennsylvania to New York on Thursday.
WORLD
Dec 21, 2024

Luigi Mangione’s 15-day path from New York to Altoona McDonald’s

Details from charging documents, court proceedings and news conferences show a troubled young man.
Chiefs quarterback Patrick Mahomes throws a pass during Kansas City's win over Houston on Saturday.
MORE SPORTS / Football
Dec 22, 2024

NFL-best Chiefs beat Texans while Ravens clinch playoff spot

The two-time reigning Super Bowl champion Chiefs defeated Houston 27-19 and are on the cusp of clinching the top seed in the AFC.

Longform

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