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May 07, 2024
 

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Quantas will pay out AU$20 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay an AU$100 million fine instead of defending the lawsuit that it had previously vowed to fight.
BUSINESS / Companies
Australia's Qantas to pay $79 million to settle flight cancellation case
The fine is the biggest ever for an Australian airline and among the largest globally in the sector.
BUSINESS / Companies / FOCUS
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.
BUSINESS / Companies
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 Singapore skyline. The Wall Street Journal will be shifting its Asia base to the city from Hong Kong.
BUSINESS / Companies
May 3, 2024
Wall Street Journal moves Asia base from Hong Kong to Singapore
The U.S. newspaper said its decision comes after other foreign firms have reconsidered their operations in the Chinese financial hub.
Nomura Holdings and Mizuho Bank are hit by more than $100 million of potential losses related to All Blue Capital, raising questions about their monitoring of high-risk investment funds.
BUSINESS / Companies
May 3, 2024
Nomura and Mizuho face losses after fund’s failed trades
By Donal Griffin and Lucca de Paoli
The size of the potential losses raises questions about the risk-management practices at two of Japan’s largest banks.
The U.S. Steel plant in Clairton, Pennsylvania
BUSINESS / Companies
May 3, 2024
Nippon Steel pushes back U.S. Steel acquisition until December
Nippon Steel has delayed acquiring United States Steel as the United Steelworkers union opposes the plan, along with U.S. President Joe Biden.
Claudio de Sanctis, head of private bank at Deutsche Bank AG, during an interview in Singapore, on April 18
BUSINESS / Companies
May 3, 2024
Deutsche Bank unveils wealth targets after hiring push in Asia
By Chanyaporn Chanjaroen
Private banks are turning to the Middle East and Southeast Asia amid China's property crisis and a downturn in capital-market activity in Hong Kong.
Optica headquarters in Washington, D.C., on Tuesday
BUSINESS / Companies
May 3, 2024
Huawei secretly backs U.S. research, awarding millions in prizes
By Kate O'Keeffe
Huawei Technologies is the sole funder of a research competition that has awarded millions of dollars since its inception in 2022.
Apple CEO Tim Cook attends the Wonderlust event at the company's headquarters in Cupertino, California, on Sept. 12, 2023.
BUSINESS / Companies
May 3, 2024
Apple unveils record $110 billion buyback as results beat low expectations
By Stephen Nellis, Max A. Cherney and Yuvraj Malik
Apple's quarterly revenue fell, but less than analysts had expected, and CEO Tim Cook said revenue growth would return in the current quarter.
People try out the new iPhone 15 Pro in Shanghai in September 2023.
BUSINESS / Companies
May 2, 2024
Apple tapping AI to boost iPhone demand ahead of expected sales decline
By Yuvraj Malik
Wall Street expects a slight decline in iPhone sales, and analysts estimate quarterly revenue to fall by the most since the winter of 2022.

As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
Tokuryū, a new crime menace in Japan, emerges from the shadows
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.
Is Modi’s party heading for a stunning election loss?
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
Japan’s tween skateboarders get head start on preparations for 2028 Olympics
Ibuki Matsumoto competes at an event in Osaka on April 21.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
Debate on constitutional revision at a standstill despite Kishida's pledges
With less than two months left before the conclusion of the current session of parliament, any possibility that Prime Minister Fumio Kishida can deliver constitutional reform before the end of his term as Liberal Democratic Party president in late September, as he has promised, appears remote.
Sapporo court ruling on Ainu fishing rights presents tough questions
A traditional Ainu preserved food called <i>satchep</i> (dried fish) being made at the government-run National Ainu Museum and Park, nicknamed Upopoy, in the town of Shiraoi, Hokkaido, on Dec. 25. The Sapporo District Court ruled last month that the Raporo Ainu Nation's rights as an Indigenous people did not extend to having an inherent right to fish for commercial reasons.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Rows of irises resemble a rice field at the Peter Walker-designed Toyota Municipal Museum of Art.
The 'outsiders' creating some of Japan's greenest spaces
By Stephen Mansfield

SUSTAINABLE JAPAN

Spotlighting a Niigata castle town through sushi
Spotlighting a Niigata castle town through sushi

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