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Boeing 737 Max airplanes on the tarmac at the Boeing factory in Renton, Washington, in 2019
BUSINESS / Companies
Feb 10, 2024

How production pressures plunged Boeing into yet another crisis

Soul-searching about quality controls and plunged Boeing into its second safety crisis in five years.
Fujitsu has held more than £3.4 billion ($4.3 billion) of active contracts with parts of the British state while £1.4 billion of those were awarded after a 2019 court ruling which associated the firm with the wrongful prosecution of hundreds of local branch post office managers for theft and fraud.
BUSINESS
Feb 11, 2024

Fujitsu got £3.4 billion in U.K. contracts despite Post Office row

A committee said £1.4 billion of those contracts were awarded after a 2019 court ruling connected Fujitsu with hundreds of wrongful prosecutions.
Masahiro Inoue, incoming chief executive officer of Daihatsu Motor, during a news conference in Tokyo on Tuesday
BUSINESS / Companies
Feb 13, 2024

Toyota replaces Daihatsu chief after safety scandal

Masahiro Inoue, the CEO of Toyota Latin America, will replace Soichiro Okudaira effective March 1.
International Monetary Fund Managing Director Kristalina Georgieva (right) speaks during the World Governments Summit in Dubai on Monday.
BUSINESS / Economy
Feb 13, 2024

IMF and World Bank warn Gaza and Red Sea chaos imperils global economy

The Israel-Hamas war and its knock-on effects could impact the world the longer the fighting drags on, IMF chief Kristalina Georgieva said.
An Asiana Airlines passenger aircraft lands at Kansai International Airport in Osaka, Japan, on Dec. 20, 2023.
BUSINESS / Companies
Feb 14, 2024

Korean Air wins EU’s approval for $1.4 billion Asiana deal

Korean Air is expected to be ranked as one of the world’s top 10 airlines once the deal is completed.
Masayoshi Son, chairman and chief executive officer of SoftBank Group. One of SoftBank's primary objectives will be to harvest returns from its huge portfolio rather than priming unprofitable startups for growth.
BUSINESS / Companies
Feb 14, 2024

SoftBank’s Vision Fund swaps splashy bets for ‘timid’ investing

As other tech investors have heaped money into new artificial intelligence firms, Vision Fund has stayed out of the fray.
Sony trimmed its revenue forecast after sales of its flagship PlayStation 5 in the December quarter came in roughly a million units lower than analysts’ estimates.
BUSINESS / Companies
Feb 15, 2024

Sony dives most in two years after cutting PS5 sales outlook

Shares fell as much as 8.4% in early Tokyo trading, the biggest intraday fall since February 2022.
Taiwan Semiconductor Manufacturing Co.'s first Kumamoto plant in the town of Kikuyo, Kumamoto Prefecture, on Feb. 10
BUSINESS / Companies
Feb 16, 2024

Japan boosts aid to chip projects amid global race

Prompted by concerns, the government acted swiftly to prevent the potential loss of domestic production bases.
Vitol, the world's largest independent oil trader, is considering opening an office in Tokyo to trade electricity, sources said.
BUSINESS / Companies
Feb 16, 2024

Vitol considers entering Japan power market with Tokyo office

Japan's power market is attracting more overseas firms due to increased volatility amid shifts away from fossil fuels
Masayoshi Son, chairman and chief executive officer of SoftBank Group, speaks during the SoftBank World event in Tokyo in October.
BUSINESS / Tech
Feb 17, 2024

Masayoshi Son aims to launch a $100 billion AI chip venture

The SoftBank Group founder is looking to create a chip venture to compete with Nvidia and supply semiconductors essential for AI.
Shoppers walk past an ID Hub, a Volkswagen showroom for electric cars, at a mall in Shanghai on Dec. 3, 2023.
BUSINESS / Companies
Feb 19, 2024

Firms with deep roots in China reconsider their Xinjiang ties

Volkswagen Group is reviewing the future of its joint venture in the Xinjiang region of northwestern China
An Enechange electric vehicle charging station in Kisarazu, Chiba Prefecture. There are around 37,000 public charging ports in Japan.
BUSINESS / Companies
Feb 19, 2024

Japan needs more priority EV parking spots, Enechange CEO says

In space-challenged Japan, where electric vehicles only account for around 3% of new car sales, regular cars often park in charging spots instead.
A public screen displaying stock figures in Shanghai on Jan. 29. China will halt the lending of certain shares for short selling from Monday, the securities regulator announced Sunday, in a move to support the country’s slumping stock markets.
BUSINESS / Markets
Feb 20, 2024

In rare move, China stock watchdog vows to heed market critique

Earlier policies, including state buying, have proved inadequate to avert a $5 trillion rout.
China's C919 — the country's first domestically developed large, narrow-body passenger aircraft, is displayed at the Singapore Air Show on Tuesday.
BUSINESS / FOCUS
Feb 20, 2024

China debuts C919 aircraft in Singapore, but can it challenge Boeing and Airbus?

The Asian powerhouse hopes the country's first domestically developed large, narrow-body passenger aircraft will help it break into new markets.
Volkswagen ID.3 and Cupra Born electric cars on the production line at the company’s plant in Zwickau, Germany.
BUSINESS / Companies
Feb 21, 2024

Europe is being forced to reboot its car industry

Unless they can get strategies back on track, Europe’s automakers risk falling further behind China and Tesla
As their popularity grow, Shein and Temu together send almost 600,000 packages to the U.S. every day.
BUSINESS / Companies
Feb 22, 2024

Rise of fast-fashion Shein and Temu roils global air cargo industry

Their pursuit of limited air-cargo space to woo consumers with rapid transit times make off-peak seasons almost disappear and cause capacity shortages.
The Huawei Mate 60 Pro, launched in August 2023 and powered by a sophisticated chip, was seen as a symbol of the China's technological resurgence despite Washington's ongoing efforts to cripple its capacity to produce advanced semiconductors.
BUSINESS / Tech
Feb 22, 2024

U.S. targets China chipmaking plant after Huawei Mate 60 Pro

The Biden administration seeks to cut off China's most advanced factory from more American imports after it produced a sophisticated chip for the phone.
Gunma Bank's video message in English is geared toward those from overseas who are flocking to Japan to buy up stocks, bonds and real estate as the nation’s assets emerge from decades of slumber.
BUSINESS / Companies
Feb 22, 2024

English video shows Japanese regional banks opening up to overseas investors

Foreigners are flocking to Japan to buy up stocks, bonds and real estate as the nation’s assets emerge from decades of slumber.
Passengers line up for security at San Francisco International Airport (SFO).
BUSINESS / Tech
Feb 22, 2024

The five most exciting innovations coming to an airport near you

Updating an existing airport terminal is time-consuming, expensive work that often costs hundreds of millions of dollars — and sometimes billions.
Jeff Bezos — the world’s second-richest person, according to the Bloomberg Billionaires Ranking — is investing in a business that’s developing human-like robots.
BUSINESS / Tech
Feb 24, 2024

Bezos and Nvidia join OpenAI in funding humanoid robot startup

The startup Figure AI is raising about $675 million in a funding round that carries a pre-money valuation of roughly $2 billion.
BUSINESS / Tech
Feb 24, 2024

Chip giant TSMC shifts away from hot spot Taiwan with Japan plant

The chipmaker's new plant in Kumamoto will boost the resilience of global supplies of the crucial hardware, founder Morris Chang told an opening ceremony.
With concerns over economics cutting across party lines, the preferred degree of toughness on China tends to be a policy rather than partisan divide.
BUSINESS / Economy / FOCUS
Feb 25, 2024

Biden or Trump, hawkish economic approach on China to intensify

With concerns over economics cutting across party lines, the preferred degree of toughness on Beijing tends to be a policy rather than partisan divide.
Toru Nakashima, CEO of Sumitomo Mitsui Financial Group, says he is considering an expansion of the bank’s alliance with Jefferies Financial Group into Asia.
BUSINESS / Companies
Feb 27, 2024

Sumitomo Mitsui may expand Jefferies pact into Asia amid focus overseas

The partners won more than 30 deals since expanding their tie-up last year, in which Sumitomo Mitsui agreed to triple its stake in the U.S. bank.
Sean Bailey, president of Walt Disney Studios Motion Picture Production, at his office in Burbank, California
BUSINESS / Companies
Feb 27, 2024

Disney reshuffles leadership at troubled namesake movie division

New President David Greenbaum oversaw the release of Oscar nominated "Poor Things" and previous winners such as "The Shape of Water" and "Nomadland."
BUSINESS / Companies
Feb 27, 2024

Restaurant chain Torikizoku to open branches in Taiwan and Hong Kong

Specific details regarding the number of restaurants and finalized opening dates in Hong Kong and Taiwan are yet to be determined.
Mark Zuckerberg, chief executive officer of Meta Platforms, arrives following a break during a Senate Judiciary Committee hearing in Washington on Jan. 31.
BUSINESS / Tech
Feb 27, 2024

Mark Zuckerberg meets with Kishida to discuss AI

The Meta Platforms CEO is in Japan as part of an Asia tour, during which he will also travel to South Korea and India.
Close-up of a silicon wafer. The Japanese government is funding a range of projects from research to advanced chip manufacturing, making an ambitious $67 billion bid to reclaim a central role in the semiconductor industry.
BUSINESS / Tech
Feb 27, 2024

Apple and Tesla veterans aim to help Japan design AI chips

The aim is to provide customers with an alternative to the semiconductor leaders Nvidia and Arm.
Apple started working on a car around 2014, setting its sights on a fully autonomous electric vehicle with a limousine-like interior and voice-guided navigation.
BUSINESS / Tech
Feb 28, 2024

Apple to wind down electric car effort after decadelong odyssey

Many employees on the team will be reassigned to focus on generative artificial intelligence projects, an increasingly key priority for the company.
The Bank of Japan is facing hardly any signs of opposition to scrapping its negative interest rate as the strongest price growth in decades weighs on households and businesses.
BUSINESS / Economy
Feb 28, 2024

BOJ should make straightforward policy shift, top finance professor says

Exiting policy should be like business as usual, said Hiroshi Yoshikawa, professor emeritus at the University of Tokyo and a friend of BOJ Gov. Kazuo Ueda.
Aeon plans to spend about ¥102.3 billion to acquire a 13.6% additional stake in Tsuruha from Hong Kong-based hedge fund Oasis Management.
BUSINESS / Companies
Feb 28, 2024

Retailer Aeon to merge with drugstore chains Tsuruha and Welcia

The three companies said they will seek to expand their businesses outside Japan.

Longform

Bear attacks have dominated Japanese news headlines in recent months, with 13 people so far having been killed by the animals.
Japan’s bears have been on their killing spree for more than 100 years