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Business / Corporate

Ikea Japan to open outlet in Harajuku in 2020

Ikea Japan K.K. said Thursday it will open an outlet in front of Harajuku Station in Tokyo in spring 2020. It will be its first urban outlet in Japan, according to the unit of the Swedish furniture retailer. The 2,500-sq.-meter store will occupy the first and second floors of a building being ...

Business Nov 16, 2018

U.S.- China rivalry set to dominate APEC summit in Port Moresby

The leaders of Asia-Pacific nations will fly into the unlikely venue of Port Moresby on Saturday for a summit developing into a tug of war for regional influence between an assertive China and an increasingly withdrawn United States. U.S. President Donald Trump is skipping the ...

Business Nov 16, 2018

Audit cites flaws in costly, tardy California bullet train project

Flawed decision-making and poor contract management contributed to billions in cost overruns and years of delays in the as-yet unbuilt California high-speed rail line between Los Angeles and San Francisco, state auditors said Thursday. The project is now estimated to cost $77 billion and is ...

Auto tariffs riskier than Wall Street thinks: economist

Business Nov 16, 2018

Auto tariffs riskier than Wall Street thinks: economist

Wall Street may be underestimating the threat of tariffs on the auto industry, according to Phil Levy, a senior fellow on global economy at the Chicago Council on Global Affairs. "I think it's better than even odds that they go ahead with this, and go ...

Mueller scores win in prosecution of firm run by 'Putin's chef'

Business Nov 16, 2018

Mueller scores win in prosecution of firm run by 'Putin's chef'

A U.S. judge denied a request from a Russian company controlled by an associate of Vladimir Putin to dismiss charges that it conspired to interfere with the 2016 election. It's a win for special counsel Robert Mueller, who charged the firm, Concord Management and Consulting ...

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