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November 30, 2024
 

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Home electric vehicle chargers during the Montreal Electric Vehicle Show in Quebec, Canada, on Friday. Prime Minister Justin Trudeau is offering more tax breaks to automotive firms to put their electric vehicle factories in Canada.
BUSINESS / Companies
Apr 22, 2024

Honda nears deal with Canada to boost electric vehicle capacity

The auto sector is particularly important to Ontario, Canada’s largest province by population and home to assembly plants.
Yum China, which operates KFC and Pizza Hut, plans to add more than 5,000 outlets by 2026 with more than 50% of them outside megacities.
ASIA PACIFIC / Society
Apr 23, 2024

China’s small towns thrive as more opt out of demanding megacity life

As an economic downturn in China’s biggest cities prompts layoffs and competition for remaining posts, many are finding a better quality of life elsewhere.
An employee prepares to place a mortar into a box at an arms production facility in an undisclosed location in Ukraine.
BUSINESS / Companies / FOCUS
Apr 23, 2024

Cash shortages and attacks take toll on Ukraine's growing arms sector

Firms are struggling to fund production and secure long-term deals, and all are concerned about being targeted in intensifying Russian missile strikes.
Chinese President Xi Jinping’s government has so far shown restraint in responding to a drumbeat of U.S. trade curbs, but driving TikTok out of the U.S. could challenge that calibration.
WORLD / Politics
Apr 25, 2024

TikTok ultimatum puts U.S. firms in firing line for China response

Legislation approved on Wednesday would give parent company ByteDance nearly a year to divest the video-sharing platform before facing an outright ban.
Marinos players celebrate after winning a shootout against Hyundai on Wednesday to advance to the Asian Champions League final.
SOCCER
Apr 25, 2024

Marinos edge Ulsan in thriller to reach first Asian Champions League final

Marinos won a pulsating semifinal that ended 3-3 on aggregate to reach the Asian Champions League final for the first time.
Exporters will be helped both by the stronger dollar, and also by their exposure to the U.S. economic resilience.
BUSINESS / Markets
Apr 25, 2024

Dollar wrecking ball forces investors to seek cover in exporters

Those with significant dollar earnings are set for a windfall, with major beneficiaries including heavyweight Asian chipmakers.
Masahiro Moro, CEO of Mazda Motor, speaks next to EZ-6 electric vehicles during the Beijing Auto Show in Beijing on Thursday.
BUSINESS / Companies
Apr 25, 2024

Nissan and Mazda roll out new models for China as they aim for comeback

The models, including some concept cars, were introduced at the Beijing Auto Show.
Canadian Prime Minister Justin Trudeau (left), Honda CEO Toshihiro Mibe (center) and Ontario Premier Doug Ford walk in the company's automotive assembly plant in Alliston, Ontario, on Thursday.
BUSINESS / Companies
Apr 26, 2024

Honda to spend $11 billion on electric vehicle strategy in Canada

The move is meant to tap long-term demand in North America and pushes the automaker toward having electrified cars account for 100% of sales by 2040.
A key aspect of AI technology that is often forgotten is that it requires an enormous amount of energy to develop and run. And that’s where utilities come in.
BUSINESS / Tech / FOCUS
Apr 28, 2024

AI boom’s secret winners? The companies expected to power it

Across the U.S., utilities are preparing for historic increases in electricity demand led by data centers and AI.
Tesla CEO Elon Musk attends a conference in Paris last June.
BUSINESS / Companies
Apr 28, 2024

Tesla CEO Elon Musk kicks off surprise trip to Beijing

Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving software in China.
The U.S. should use diplomacy to achieve a cease-fire in Ukraine as a prolonged conflict could reshape global power dynamics and strengthen China.
COMMENTARY / World
Apr 28, 2024

Biden's focus on Ukraine risks Indo-Pacific security

The U.S. should use diplomacy to achieve a cease-fire in Ukraine, as a prolonged conflict could reshape global power dynamics and strengthen China.
A staff member works at the animation studio Shake Hands in Kyoto on Jan. 24. The studio aims to provide job training and confidence to people with autism.
JAPAN / Society
May 5, 2024

Anime studio draws on talent of autistic artists

The groundbreaking initiative aims to provide job training and confidence to people with autism.
A man rides a scooter past apartment high rises under construction in Zhengzhou, China, in January 2019.
BUSINESS
Apr 30, 2024

Strained Chinese cities struggle to pay homebuying subsidies

Some local governments are unable to raise funds to pay promised subsidies, frustrating buyers and casting doubts over future support measures.
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week, according to a person familiar with the matter.
BUSINESS / Companies
May 1, 2024

Tesla axes most of supercharger team in blow to other automakers

The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week.
A worker organizes cannabis flowers before the opening of the first legal recreational marijuana dispensary, located in the East Village in the Manhattan borough of New York, on Dec. 29, 2022.
WORLD / Crime & Legal
May 1, 2024

Marijuana could be reclassified in U.S. as less dangerous

The rumored move would ease access to cannabis for patients and researchers studying its medical applications without decriminalizing it.
Wecars President and CEO Shinjiro Tanaka (center) at a news conference in Tokyo on Wednesday
BUSINESS / Companies
May 1, 2024

New firm formed to take over Bigmotor's operations

Wecars took over around 250 outlets and some 4,200 employees from Bigmotor, and its board of directors does not include former members of Bigmotor's board.
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
BUSINESS
May 1, 2024

Weak yen fattens tourist wallets in Japan

Spending per head soared 52% over the first three months compared with 2019.
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
BUSINESS / Markets
May 2, 2024

Yen swings stir talk that Japan is in the FX market once again

The yen advanced more than 3% and hit ¥153.04 per dollar as more than $4 billion of yen-related futures were exchanged.
U.S. Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington on Wednesday.
BUSINESS / Markets
May 2, 2024

U.S. market swings reveal inflation uncertainty ahead of key data

Some may be less likely to take the Fed chair at his word this time around after a dovish pivot in December was followed by months of upside surprises.
Although current FX interventions are not yet a significant concern for the U.S. Treasury market, large-scale interventions by major holders like Japan or China could pose risks in the future.
COMMENTARY
May 2, 2024

U.S. bonds brace for impact of Japan’s currency moves

Japan holds substantial dollar reserves, but if depleted, it might resort to selling U.S. bonds, though other measures would likely be considered first.
Attendees at the Leap technology conference in Riyadh, Saudi Arabia, on March 6, 202. The oil-rich country is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.
WORLD / Politics
May 2, 2024

‘To the future’: Saudi Arabia spends big to become an AI superpower

Saudi Arabia was long a financial spigot for tech, but is now building its own industry.
Yukio Tsunezuka holds a back issue of the Noto magazine in Kanazawa, Ishikawa Prefecture, on April 22.
JAPAN / Society
May 3, 2024

Local info magazine in quake-hit Noto region set for revival

The New Year's Day quake struck just as the latest edition was about to be printed.
Russian President Vladimir Putin looks through a helicopter window during his flight to the Novatek-Murmansk's Offshore Superfacility Construction Center in the village of Belokamenka, in Russia's Murmansk region, last July.
BUSINESS / ANALYSIS
May 5, 2024

How Western sanctions are strangling Putin’s Arctic gas ambitions

The Novatek PJSC-led Arctic LNG 2 facility is a key part of Moscow’s plans to boost exports and replenish coffers. But it has remained virtually idled.
A Palestinian girl holding a child is silhouetted against the lights of an oncoming car in Rafah, in the southern Gaza Strip, on Saturday amid the ongoing conflict between Israel and the Hamas militant group.
WORLD / Politics
May 5, 2024

Hamas official says group will not accept truce that does not end Gaza war

Qatari, Egyptian and U.S. mediators met a Hamas delegation in Cairo on Saturday in the latest bid to halt the fighting.
Automobiles charge at public electric vehicle charging stations in Paris on Feb. 14.
BUSINESS / Tech
May 6, 2024

France ramps up electric vehicle ambition as Xi arrives in Paris

The contract between the government, French business groups and unions aims for a fourfold increase in the sale of 100% EVs to 800,000 a year in 2027.
A Rapidus factory under construction in Chitose, Hokkaido on April 26. The Tokyo-based chipmaker was set up with the aim to realize domestic production of state-of-the-art semiconductors.
BUSINESS / Companies / FOCUS
May 6, 2024

Rapidus gearing up for mass production of next-generation chips

About three years before the planned start of mass production, Rapidus faces a host of difficult challenges, especially over technology and profitability.
One analyst said Japanese policymakers "hid the intervention well," pointing to the ways they may have used to fund currency interventions recently.
BUSINESS / Markets
May 6, 2024

Market hunts for signs of yen intervention in Fed accounts

Recent data suggests that Japanese policymakers may have funded currency interventions using a Fed facility where central banks stash overnight cash.
Enamored with Japanese cuisine, Xander Soren sought to create the perfect Pinot Noir to suit the country's most common flavors.
LIFE / Food & Drink / Kanpai Culture
May 7, 2024

A Californian Pinot Noir bred for the Japanese table

In November, a former Apple employee launched Xander Soren Wines and its Pinot vintages exclusively in Japan.
Nomura Holdings is targeting 20% revenue gains for its global markets unit over the next few years.
BUSINESS / Companies
May 7, 2024

Nomura targets 20% revenue growth from global markets business

The target builds on last year's 8% growth and follows a two-year revamp of trading teams for its rates and fixed-income business in Asia and EMEA.
Sony’s shares have dropped more than 5% this year, compared with a 16% gain in the Topix index, amid a global electronics slump.
BUSINESS / Companies
May 7, 2024

Sony shares fall as offer for Paramount spurs financing concerns

Investors are worried because the $26 billion proposal is larger than the Japanese electronics company's cash holdings.
Japan researchers develop a simple way to spot signs of Alzheimer's disease
In 2022, the number of elderly people with dementia in Japan reached 4.43 million, according to data from the health ministry.
Tokyo police arrest six Chinese nationals over yami baito scheme
Tokyo police have arrested six Chinese nationals on suspicion of unlawful confinement and attempted extortion involving a 23-year-old exchange student who had become involved in a financial dispute over a yami baito, or a “dark” part-time job.
Japan to overhaul tax exemption system for foreign visitors
The Ginza shopping district in Tokyo in August
‘God of management’ comes back to life as an AI model
A statue of Konosuke Matsushita in the grounds of the Konosuke Matsushita Museum in Kadoma, Osaka Prefecture
Two dead after fire at Upper House lawmaker Kuniko Inoguchi’s apartment
A fire broke out on the sixth floor of an apartment building where Upper House lawmaker Kuniko Inoguchi resides on Wednesday in Tokyo's Bunkyo Ward.
Ishiba sticks to the basics in second policy speech
Prime Minister Shigeru Ishiba delivers his policy speech at the Lower House of parliament in Tokyo on Friday.
Hiroshi Kurosaki looks beyond Japan for heart-wrenching drama
Hiroshi Kurosaki’s Netflix series “Beyond Goodbye” centers on a woman (Kasumi Arimura, left) who discovers her dead lover’s heart saved the life of a quiet pianist (Kentaro Sakaguchi).
Japan researchers develop a simple way to spot signs of Alzheimer's disease
In 2022, the number of elderly people with dementia in Japan reached 4.43 million, according to data from the health ministry.
‘What Divides Us’ producer honors grandfather’s Hiroshima reportage
“What Divides Us" producer Cannon Hersey says his grandfather, who wrote about the aftermath of nuclear destruction in Hiroshima, never spoke about what he had seen while working with Japanese minister Kiyoshi Tanimoto to preserve the stories of survivors.
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.

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