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An electronic board shows Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai on March 24.
BUSINESS / Markets
Mar 29, 2024

Chinese firms face funding drought for IPOs amid heavy scrutiny

China's securities watchdog has sharply tightened scrutiny of IPOs this year, leading to companies scrapping domestic listing plans in droves.
Packs of dietary supplements designated as functional food by Kobayashi Pharmaceutical. Consumer rights groups have for years argued that the functional food label is thin in scientific evidence and potentially harmful to health.
JAPAN / Science & Health
Mar 29, 2024

Kobayashi Pharma scandal reignites debate on ‘functional food’ labels

The labels have been criticized for years over the lack of sufficient scientific proof of safety and efficacy accompanying their use.
Department store operator Takashimaya is among the big firms planning to increase hires in spring 2025, a survey shows.
BUSINESS / Companies
Mar 31, 2024

Over 30% of big firms to hire more new grads in '25, survey finds

In addition to new graduate hires, some companies are looking to hire midcareer workers to secure talent amid fierce competition.
A boy watches Self-Defense Forces live-fire drills in Gotemba, Shizuoka Prefecture, in 2017. Japan’s defense posture is shifting, as the government’s recent approval of new arms export regulations signals.  
COMMENTARY / Japan
Apr 1, 2024

Is Japan leaving pacifism behind?

How a previous generation of Japanese leaders, those who made defense budget and arms export limits a national credo, would view the current shift.
Leftover premium-brand chocolate, originally slated for disposal, is made available for purchase at a discount in Tokyo's Chuo Ward on Feb. 15, the day after Valentine's Day.
JAPAN / Society
Apr 3, 2024

Efforts to reduce food waste find support in Japan but still face challenges

Initiatives are being introduced to avoid the waste of seasonal delicacies, but challenges such as entrenched commercial customs persist.
Tim Cook, CEO of Apple, during the Apple Worldwide Developers Conference in Cupertino, California, on June 5, 2023
BUSINESS / Companies
Apr 4, 2024

Apple shifts focus from EV to home robotics as ‘next big thing’

Apple’s pursuit of the "next big thing” has been an obsession since the Steve Jobs era, but it’s hard to envision a product that could match the iPhone.
Activist investor Oasis Management says shares in Kao have the potential to rise by more than 70% from recent levels.
BUSINESS / Companies
Apr 4, 2024

Kao shares jump as activist investor Oasis calls for improved performance

Kao has "significantly underperformed” its competitors in sales growth, margins, return on equity and stock performance, Oasis said in a statement.
Former Canada soccer player Diana Matheson (left, in June 2013) is one of the driving forces behind a proposed new professional women's soccer league in the country.
SOCCER
Apr 5, 2024

Six teams apply to join proposed Canadian women's soccer league

Player signings and ticket sales are slated to begin around mid-2024.
Assembly engineers work on a lithography system at ASML in Veldhoven, Netherlands in June.
BUSINESS / Tech
Apr 5, 2024

Targeting Chinese chips, U.S. to push Dutch on ASML service contracts

The U.S.' export policy chief is set to meet in the Netherlands next Monday with officials from the Dutch government and ASML.
Drivers in California’s Marin County rely on a single hydrogen fueling station.
ENVIRONMENT / Energy
Apr 6, 2024

Few stations and $200 to fill up: Life on California’s ‘hydrogen highway’

Fuel shortages and soaring prices have stalled the adoption of hydrogen cars — but proponents aren’t throwing in the towel.
Seth Fischer, founder and chief investment officer of Oasis Management, says the fund has been investing in Kao for over four years and engaging with it for nine months.
BUSINESS / Companies
Apr 8, 2024

Activist Oasis reveals 3% Kao stake in battle for change at Japan cosmetics firm

Kao is the world's second-largest cosmetics and sixth-largest personal care product firm by revenue.
Speculation has been swirling for months over the fate of Ito-Yokado, which was Seven & I's original retail franchise before it bought 7-Eleven and turned it into a large, successful business.
BUSINESS / Companies
Apr 10, 2024

Seven & I set to split 7-Eleven from original Ito-Yokado stores

Ito-Yokado was the company’s original franchise before it bought 7-Eleven and turned it into a successful business.
Puma launches a new brand campaign with Olympic athletes in Paris on Wednesday.
OLYMPICS
Apr 10, 2024

Puma hones focus on speed in Olympic battle with Adidas and Nike

As Puma tries to win over more everyday and serious runners, its sponsorship of Jamaica's Olympic team helps to associate the brand with speed.
Chinese President Xi Jinping applauds at the closing session of the National People's Congress at the Great Hall of the People in Beijing on March 11.
ASIA PACIFIC / Politics
Apr 10, 2024

Xi says nobody can stop 'family reunion' with Taiwan

Xi said that people on both sides of the Taiwan Strait are Chinese.
Prime Minister Fumio Kishida arrives for a tour of a new Toyota battery factory in Liberty, North Carolina, on Friday.
JAPAN / Politics
Apr 13, 2024

Kishida touts U.S. visit success, saying snap election not on his mind

The prime minister, who is due to fly back on Saturday, will be hoping the diplomatic success can translate into a bump in his low approval ratings.
Finance Minister Shunichi Suzuki warns he’s ready to take action in the foreign exchange market after the yen fell further past ¥154 to the dollar.
BUSINESS / Markets
Apr 16, 2024

Japan’s tepid warning on yen fuels renewed weakness ahead of IMF

The finance minister’s comments come after the yen set a fresh 34-year low of ¥154.45 following stronger than expected U.S. retail sales figures.
Hideyuki Sakamoto, executive vice president for manufacturing and supply chain management at Nissan, speaks during a media briefing at the company's plant in Yokohama on Tuesday.
BUSINESS / Companies
Apr 16, 2024

Nissan looks to Tesla’s style of carmaking to build cheaper EVs

The carmaker will use machines with about 6,000 tons of force to make the rear floors of EVs to be sold from fiscal 2027 onward.
Tesla's troubles started in October when it warned that demand for EVs was starting to slow, but the full extent of that weakness only became apparent this month.
BUSINESS / Companies
Apr 17, 2024

Tesla’s value dips below $500 billion in blow to stock bulls

The electric vehicle maker's troubles started in October when it warned that demand for EVs was starting to slow.
An electronic board shows stock indexes at the Lujiazui financial district in Shanghai on March 21, 2023.
BUSINESS / Companies
Apr 17, 2024

China's money managers lament loss of quality research amid analyst cutbacks

A prolonged market slump has reduced trading commissions as authorities tighten limits around what research analysts are allowed to publish.
In the new Disney+ series “House of the Owl,” Min Tanaka (left) plays a powerful political fixer, or “kuromaku,” who has a troubled relationship with his adult children, particularly his idealistic son, played by Mackenyu.
CULTURE / TV & Streaming
Apr 18, 2024

'House of the Owl' brings Hollywood values to Japanese TV

Min Tanaka plays a powerful political fixer in the 10-episode show, which centers on the behind-the-scenes machinations of "kuromaku."
Russian President Vladimir Putin and Iranian President Ebrahim Raisi during the signing of the Rasht-Astara railway agreement in May 2023.
WORLD / Politics
Apr 18, 2024

New 'sanctions-proof' transport routes put Russia at heart of global trade

Shipping and rail networks via Iran and an Arctic sea passage could strengthen Moscow’s pivot toward China and India and away from Europe.
South Korean officials count ballots following a parliamentary election on April 10. President Yoon Suk-yeol’s conservative bloc is set for a major setback in a vote for a new parliament, exit polls showed, likely meaning he will be in a weak position for the remaining three years of his term and face political gridlock.
ASIA PACIFIC / Politics
Apr 18, 2024

Billionaire families lose hope for tax cut after Korean vote

South Korea’s regular maximum inheritance levy of as much as 50% is the second-highest among members of the OECD, after 55% in Japan.
Ideal or not, the reality of the world is that one currency, the U.S. dollar, is first among equals.
COMMENTARY / World
Apr 18, 2024

Asian currencies can't fight the dollar on a rampage

Markets tend to reflect economic performance. And ideal or not, the reality of a world is one currency, the U.S. dollar, is truly first among equals.
Manga titles that have been uploaded onto Manga-Mura, a manga piracy website, on display in Tokyo in 2022
JAPAN / Crime & Legal
Apr 18, 2024

Manga piracy website operator ordered to pay ¥1.7 billion to publishers

Kadokawa, Shueisha and Shogakukan said they hoped the lawsuit would help deter other manga piracy site operators from uploading content illegally.
Iran is now enriching uranium to up to 60% purity and has enough material enriched to that level, if enriched further, for two nuclear weapons, according to the International Atomic Energy Agency's theoretical definition.
WORLD / Politics / EXPLAINER
Apr 19, 2024

As the 2015 nuclear deal crumbles, how close is Iran to weaponization?

With the possibility of Israel retaliating, a senior Iranian Revolutionary Guard commander said the nation might review its "nuclear doctrine."
U.S. President Joe Biden speaks as he announces a preliminary agreement with Intel for a major CHIPS and Science Act award, during a visit to the Intel Ocotillo Campus in Chandler, Arizona, on March 20.
BUSINESS / Tech / ANALYSIS
Apr 19, 2024

Latest Biden chip deal highlights U.S. semiconductor successes

Samsung is the latest beneficiary of Washington’s efforts to shore up precarious supply chains and protect its national security interests.
Finding capital needed to start a business can be challenging. But for many women in the Global South, it’s not just difficult — it’s often impossible.
COMMENTARY / World
Apr 16, 2024

Women entrepreneurs could make the world $6 trillion richer

When a woman walks through the door with a good idea, a smart business plan and a dream to improve her future, lenders too often see only risk.
Boxes of mRNA vaccines against COVID-19 developed by Walvax Biotechnology and Abogen Biosciences
ASIA PACIFIC / Science & Health / FOCUS
Apr 20, 2024

China's drugmakers can't sell mRNA shots but haven't quit yet

While Chinese firms are pursuing new targets for the novel messenger RNA technology, they face a tough path, crimped by a lack of revenue.
Ukrainian service members fire a multiple launch rocket system toward Russian troops. Since Russia’s invasion of Ukraine two years ago, arms manufacturers have experienced something of a reversal of fortune.
BUSINESS / Companies
Apr 20, 2024

Defense companies are luring Germany’s struggling autoworkers

Since Russia’s invasion of Ukraine two years ago, arms manufacturers have experienced something of a reversal of fortune.
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing in May last year.
BUSINESS / Tech / ANALYSIS
Apr 22, 2024

Elon Musk’s robotaxi dreams plunge Tesla into chaos

The idea of creating an autonomous taxi service has been kicking around Tesla for at least eight years.

Longform

Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
Japan’s sauna movement: Relax, refresh, repeat