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A man plays video games in Sao Paulo, Brazil, on Tuesday. As AI platforms advance at breakneck speeds, hundreds of thousands of jobs in the gaming sector become at risk of being replaced by the technology.
BUSINESS
Jul 26, 2023

AI is rewriting the rules of $200 billion games industry

One major Japanese studio believes that half of the company’s programmers and designers could become redundant within the next five years.
Activists dressed as debt collectors call for finance action during a demonstration outside the IMF-World Bank headquarters in Washington in October 2021.
COMMENTARY / World
Jul 28, 2023

The World Bank reflects our ambition

In an environment of intertwined challenges, such as an existential climate crisis, pandemic recovery and a crippling European war, the World Bank has never been more relevant.
A downgrade by Fitch Ratings is being viewed as a condemnation of partisan U.S. politics, including the recent debt ceiling standoff and the Jan. 6, 2021, insurrection at the U.S. Capitol.
BUSINESS
Aug 3, 2023

Fitch’s U.S. downgrade stokes the very fight it warned against

Washington’s hostile political factions have quickly taken up the agency's downgrade of U.S. government debt as a new weapon of political combat.
U.S. President Joe Biden speaks during a news conference at Camp David in Maryland on Friday.
BUSINESS / Economy
Aug 20, 2023

Biden wants to sell his economic plan. But there's a problem.

The White House is embracing "Bidenomics” — originally intended to deride the president's policies — to instead promote his stewardship of the economy.
Teacher Tarna Andrews at the local school grounds, ahead of a nationwide referendum on Indigenous issues, in Areyonga, Australia
ASIA PACIFIC / Society
Oct 5, 2023

In Australia's outback, Indigenous proposal struggles to inspire

In just over a week, Australians will vote on a referendum on Indigenous issues. However, the very people it is designed to help know little about it.
Road signage near Mai Mahiu, Kenya
BUSINESS / Tech
Oct 16, 2023

Mental trauma: African content moderators push Big Tech on rights

Thousands are hired to scour social media for graphic content, but many allege irregular pay, union-busting and inadequate mental health support.
A rendered image of the completed Rapidus factory being built in Chitose, Hokkaido
BUSINESS / Tech / Regional Voices: Hokkaido
Oct 23, 2023

Hokkaido waits to gauge impact from upcoming Rapidus chip plant

The nationally backed effort to revive Japan’s semiconductor industry has been called the region’s largest-ever development project.
In almost 30 years of fighting wildfire, Art Gonzales has seen blazes grow progressively bigger and stranger.
ENVIRONMENT / Climate change
Oct 20, 2023

‘It’s all-consuming.’ Wildfire whispering is now a year-round job

What was once limited to certain months now encompasses an entire ‘fire year'
The words of encouragement that star player Shohei Ohtani gave his teammates before their final game against the United States during the World Baseball Classic in March were among those nominated on Thursday to be the buzzwords of the year.
JAPAN / Society
Nov 2, 2023

Japan's 2023 buzzwords reflect light and dark sides of the year

From the year's scandals to its champions, the annual list of buzzword candidates highlights the nation's hope, fears and diversions.
China's economy grew 5.2% last year, more than most major economies. But for many in the country, the world's second-largest economy feels like it's shrinking.
BUSINESS / Economy
Jan 18, 2024

For many in China, the economy feels like it is in recession

A crisis of confidence is keeping Chinese consumers from spending and businesses in the world's second-largest economy from hiring and investing.
South Korea plans to increase the number of slots in university medical school programs by 2,000 from the current 3,058 next year to alleviate a shortage of doctors.
BUSINESS / Tech
Feb 19, 2024

For South Korea’s top students, medical school beats chips

Students are enticed by what many see as better job security and higher pay in the medical field.
Migrant workers harvest and package vegetables in a greenhouse in Gasan-myeon, South Korea, in December.
ASIA PACIFIC / Society
Mar 3, 2024

South Korea needs foreign workers, but often fails to protect them

Though a shrinking population makes imported labor vital, migrant workers routinely face predatory employers, inhumane conditions and other abuse.
Broad indications are growing that Chinese President Xi Jinping is shifting away from four decades of market-oriented reforms and financial innovation. The most powerful Chinese leader since Mao Zedong has emphasized the Communist Party’s "centralized and unified leadership” of the sector, and pledged to build "a modern financial system with Chinese characteristics” that’s completely different from the West.
BUSINESS / Companies
Mar 5, 2024

China's bankers exit industry amid crackdown on ‘hedonistic’ lifestyles

Finance workers in China are rethinking their career as Chinese President Xi Jinping signals a shift away from market-oriented reform and innovation.
Giant cut-outs of Indian Prime Minister Narendra Modi and other party leaders are positioned beside a road in the Indian state of Madhya Pradesh on Feb. 25.
ASIA PACIFIC
Mar 21, 2024

Hardships and broken promises no hindrance for Modi in India's rural north

If India's prime minister earns a third term in office, it will be in spite of the state of the rural and farming economy — not because of it.
A view of apartment buildings with writing on a wall that reads "Here we build (ourselves)," in the Franc-Moisin neighborhood of Saint-Denis, a northern Paris suburb, on March 13. The Seine-Saint-Denis department north of Paris will host a number of events for the Paris 2024 Olympic and Paralympic Games, with venues including the Stade de France and Aquatics Centre, as well as the Olympic Village.
WORLD / Society
Mar 26, 2024

Amid Olympic redevelopment, have troubled Paris suburbs won gold?

The Paris Olympics will take place mostly on the other side of a ring road that divides the capital from some of its poorest and most notorious suburbs.
An employee of Jet Blue airlines walks around an engine of an Airbus A320 passenger aircraft in a maintenance hangar of the company at JFK International Airport in New York on March 4.
BUSINESS
Apr 1, 2024

Maintenance staff shortage in U.S. could clip aviation industry's wings

The sector lacks some 24,000 aviation maintenance technicians in North America, a figure due to reach nearly 40,000 by 2028.
Migrant workers from Tajikistan in an apartment shared by 18 people in Moscow in May 2020. The main suspects in the deadly assault are from Tajikistan. Now many other Tajiks, who fill jobs in Russia’s wartime economy, are being deported and harassed.
WORLD / Politics
Apr 6, 2024

In Moscow attack, a handful of suspects but 1 million Tajiks under suspicion

Many Tajiks who fill jobs in Russia’s wartime economy are being deported and harassed.
The TSMC plant in Phoenix, Arizona. The chipmaker's projects in Arizona have become increasingly entwined with U.S. President Joe Biden’s campaign message on revitalizing the economy.
BUSINESS / Tech
Apr 9, 2024

TSMC gets $11.6 billion in U.S. grants and loans for chip plants

TSMC’s projects in Arizona have become increasingly entwined with Biden’s campaign message on revitalizing the economy.
Prime Minister Fumio Kishida and U.S. President Joe Biden at the White House in Washington on Tuesday
BUSINESS / Companies / FOCUS
Apr 10, 2024

Kishida’s U.S. trip highlights economic and political compatibility

Kishida has worked closely with Biden to enhance the Japan-U.S. alliance, with the countries labeling their bilateral ties a “global partnership.”
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.
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.
U.S. President Joe Biden speaks at the United Steelworkers Union headquarters in Pittsburgh, Pennsylvania, on April 17. Biden made clear that he does not want the proposed takeover of U.S. Steel by Japan’s Nippon Steel to happen.
BUSINESS / Companies
May 4, 2024

Political furor over Nippon Steel's U.S. Steel bid puts investment panel in spotlight

Backlash over the deal has echoes of the 1980s when Nippon Steel tried and failed to buy another American metal company.
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
JAPAN / Crime & Legal / FOCUS
May 6, 2024

Tokuryū, a new crime menace in Japan, emerges from the shadows

Unlike the yakuza, which have a hierarchical structure and strict codes of conduct, they lack a clear organizational structure and thrive on anonymity.
South Africa President Cyril Ramaphosa speaks at the Congress of South African Trade Unions National Worker's Day rally at Athlone Stadium in Cape Town on May 1.
WORLD / Politics
May 13, 2024

Who’s who in South Africa’s tightest post-apartheid election

For the first time since White-minority rule ended, South Africa is heading into national elections in which an outright winner isn’t apparent.
Wanxiang America’s Neapco manufacturing plant in Belleville, Michigan
BUSINESS / Companies
May 29, 2024

Once embraced, Chinese companies now shunned in U.S. on security fears

It doesn’t matter if it’s mining or health care, even Chinese furniture could one day be seen as a national security issue, a lawyer who represents Chinese clients said.
Employees assemble an electric transformer on the outskirts of Ahmedabad, India, on March 28.
WORLD
Jun 3, 2024

Modi plans post-election reforms to rival Chinese manufacturing

Indian Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter.
France's President Emmanuel Macron looks on as he delivers a speech at New Caledonia's High Commissioner residency in Noumea on May 22, during his trip to the Pacific archipelago.
WORLD / Politics
Jun 3, 2024

A Pacific island in flames cuts Macron’s global ambition down to size

The French president's decision of pushing through a contentious law before New Caledonia’s provincial elections has developed into a lasting problem for the Elysee.
Narendra Modi, India's prime minister, greets supporters at the Bhartiya Janata Party (BJP) headquarters during election night in New Delhi, India on June 4.
ASIA PACIFIC
Jun 24, 2024

Some of Modi’s agenda could disappear in India’s fractured Parliament

A new Parliament taking office in India may give some hint of whether Prime Minister Narendra Modi’s domestic policies are now in doubt.
American Gregorio Narvasa has gone from baking cookies in his spare to time to working with major Tokyo companies from his new Koenji shop.
COMMUNITY / Our Lives
Jul 7, 2024

Koenji gets a new cookie shop. Its owner gets a community.

After several years of sharing his creations at pop-up events scattered across Tokyo, Gregorio Narvasa opened a physical bake shop in Koenji on April 20 of this year.
A worker at Sakai Seisakusyo prepares to transport metal rods at its factory in Kakamigahara, Gifu Prefecture, on July 8.
BUSINESS / Companies / FOCUS
Jul 16, 2024

Japan finds a 'stealth' cure for zombie businesses: Let them fail

The shift in thinking is a clear departure for a country that has typically sought to avoid bankruptcies and protect existing jobs at the cost of productivity.

Longform

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