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A Rakuten Mobile branch in Tokyo. Rakuten is set for another tough year in 2024, at a time when rivals are on the attack with competitive pricing and reward campaigns.
BUSINESS / Companies
Nov 29, 2023

Rakuten's mobile misadventure: from ambitious plan to millstone

Founder and CEO Hiroshi Mikitani's vision of a low-cost network using cloud-based software and cheap hardware did not pan out.
Warren Buffett (left), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend a shareholders meeting in Omaha, Nebraska, in May 2019. Munger died on Tuesday at the age of 99, according to U.S. media reports.
BUSINESS / Companies
Nov 29, 2023

After Munger's death, Berkshire Hathaway succession in focus

Berkshire has had a succession plan since at least 2006 when Buffett, then 75, told shareholders the company would be prepared for his departure.
Split over the leadership of Sam Altman, board members and executives at OpenAI turned on one another. Their brawl exposed the cracks at the heart of the artificial intelligence movement.
BUSINESS / Tech
Dec 11, 2023

Inside OpenAI’s crisis over the future of artificial intelligence

From the moment it was created in 2015, OpenAI was primed to combust.
A man holding a child crosses a damaged bridge after Typhoon Doksuri, in Zhuozhou, China, on Aug. 7.
BUSINESS / Markets
Dec 12, 2023

Storm assault on Chinese ports a wake-up call for climate risks

Typhoon Doksuri delivered Beijing's worst flooding in more than 50 years, shuttering factories, collapsing homes and displacing tens of thousands.
Attendees play the Fate/Samurai Remnant video game on PlayStation 5 video game consoles at the Tokyo Game Show in September.
BUSINESS / Companies
Dec 21, 2023

Sony highlights PS5 momentum as hardware sales top 50 million

Sony is seeing strong momentum for its PlayStation 5 console, a senior games executive has said, with lifetime sales exceeding 50 million units and the company recording its best-ever Black Friday period sales for the device.
A U.S. Steel coke works in Clairton, Pennsylvania
EDITORIALS
Dec 22, 2023

A steel deal that’s good for Japan and the U.S.

Nippon Steel’s announcement that it plans to purchase U.S. Steel has triggered an uproar in the United States.
A designer at work at Vietnamese internet firm VNG in Ho Chi Minh City
BUSINESS / Tech
Dec 24, 2023

'Beyond our borders': Vietnam tech firm VNG takes on world best

Beyond gaming, VNG also dabbles in fintech and AI, with a mission to show the world what Vietnam and its engineers are capable of.
BUSINESS / Companies
Dec 28, 2023

Daihatsu to compensate lower-tier suppliers for halted production

Production was stopped at all of the company's factories in Japan this week.
Alaska Airlines Boeing 737 Max-9 aircraft grounded at Seattle-Tacoma International Airport (SEA) on Saturday. Alaska Airlines will ground its entire fleet of Boeing 737 Max-9 aircraft after a fuselage section in the rear part of the brand-new jet blew out shortly after takeoff last Friday.
BUSINESS / Companies
Jan 8, 2024

Boeing CEO’s comeback plan for 2024 takes a blow five days in

Alaska Airlines incident could hinder the year's manufacturing pace for 737s amid immense pressure on the planemaker to return its factories to 2019 rates.
U.S. golfer Tiger Woods reacts on the 9th green on day 2 of the British Open Golf Championship in 2022.
BUSINESS / Companies
Jan 9, 2024

Tiger Woods and Nike end partnership after 27 years

Despite rumors, Nike maintains that it’s still committed to golf.
Fast Retailing, the operator of Uniqlo stores, says strong overseas sales drove a 25% rise in first quarter operating profit.
BUSINESS / Companies
Jan 12, 2024

Uniqlo operator Fast Retailing's Q1 profit soars on strong overseas sales

Profit was ¥146.7 billion ($1.01 billion) in the three months through November compared with ¥117.1 billion a year earlier.
A Post Office sign at a branch in a local convenience store near Ascot, England, on Friday. The Post Office scandal, where some 980 U.K. Post Office workers were wrongfully convicted of theft and false accounting, was triggered by faults in a Fujitsu computer system called Horizon that was used by U.K. Post Offices and inaccurately reported shortfalls in their accounts, resulting in private prosecutions of innocent branch managers for theft.
BUSINESS / Companies / FOCUS
Jan 13, 2024

It took a TV show to bring justice in U.K.’s Post Office scandal

After a two-decade struggle, it was a TV drama that finally prompted the government to promise a swift end to the saga in favor of the victims.
Sam Altman, chief executive officer of OpenAI, inside the Congress Center ahead of the World Economic Forum in Davos, Switzerland, on Monday
BUSINESS / Tech
Jan 16, 2024

OpenAI will roll out new tools to thwart election misinformation

New tools will attribute information about current events provided by its chatbot ChatGPT, and help users determine if an image was created by its AI software.
Volkswagen is casting its net wider in pursuit of a potentially game-changing technology: a "solid-state" electric car battery
BUSINESS / Companies
Jan 16, 2024

Volkswagen and rivals plug away at solid-state battery puzzle

An array of technical hurdles are holding back wider development of solid-state technology, seen by its backers as the "holy grail" of EV batteries.
Sheryl Sandberg at the company's headquarters in Menlo Park, California, in 2019. Sandberg joined Facebook in 2008 as the No. 2 to co-founder Mark Zuckerberg to oversee the fledgling company’s advertising, partnerships, business development and operations.
BUSINESS / Companies
Jan 18, 2024

Meta’s Sheryl Sandberg to leave board after 12 years

Sandberg was key to turning the social network into one of the world’s biggest and most financially successful companies.
TSMC had said it would make 3nm chips at the second factory, which is expected to be more advanced than the first in Arizona, but on Thursday, it said that incentives from the U.S. government would help determine how advanced the tech inside will be.
BUSINESS / Tech
Jan 19, 2024

TSMC’s second factory in Arizona delayed as U.S. grants remain in flux

Site will start operations only in 2027 or 2028, instead of the chipmaker's earlier guidance of 2026.
JAPAN / Society
Jan 22, 2024

Regional business creators system picks up steam in Japan

The system allows local governments to leverage private-sector know-how in areas including tourism promotion and digitalization.
The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls and external demand shocks.
BUSINESS / Companies
Jan 22, 2024

Red Sea crisis pressures China's exporters as shipping delays mount

Further Red Sea disruptions would pile pressure on a struggling economy already contending with a property crisis and weak consumer demand.
The SK Hynix factory in Dalian specializes in 3D NAND flash memory used in smartphones and other devices. NAND accounts for an increasing portion of the company’s revenue, around 27% of which comes from China.
BUSINESS / Tech
Jan 23, 2024

U.S. chip battle with China catches South Korea in the crossfire

Korean firms have to balance relations with both countries — one, a source of cutting-edge chipmaking technology and the other, the world's largest chip market.
Double articulated track
ESG CONSORTIUM
Jan 29, 2024

Seino delivers greener logistics through open public collaboration

Seino Holdings Co. Ltd. has been in the logistics business for more than 90 years. Last June, the Gifu-based company expanded its continuing efforts to be environmentally friendly when it announced a long-term vision of “Team Green Logistics” based on a concept of an open public platform.
Toyota's Land Cruiser 300 SUV is among models subject to a halt in shipments after irregularities were found during certification tests for diesel engines.
BUSINESS / Companies
Jan 29, 2024

Toyota halts shipment of some vehicles over certification issues

A special investigative committee found irregularities during horsepower output testing for the certification of three diesel engine models.
Facebook CEO Mark Zuckerberg delivers his keynote address at the f8 Developers Conference in San Francisco in 2011.
BUSINESS / Companies
Feb 1, 2024

Facebook, the social network old-timer, turns 20

"Facebook, when it launched, was revolutionary"
Pills move through a sorting machine at a pharmaceutical plant in Visakhapatnam, India. A recent report shows one Indian firm using suppliers with ties to China’s military industry, questionable track records on safety and bases in Xinjiang.
BUSINESS / Companies
Feb 6, 2024

U.S. taps Indian pharma, but supply chains still lead back to China

A recent report shows one Indian firm using suppliers with ties to China’s military industry, questionable track records on safety and bases in Xinjiang.
While in recent years Donald Trump is better known for his trade war with China, the former president has a long history of Japan-bashing and should be taken at his word on the U.S. Steel purchase by Nippon Steel.
COMMENTARY / Japan
Feb 9, 2024

Trump is wrong to oppose Nippon Steel deal

"I would block it instantaneously. Absolutely,” Trump said of Nippon Steel’s bid, and he should be taken seriously and literally.
SoftBank Group shares surged for a third day in Tokyo on Tuesday.
BUSINESS / Tech
Feb 13, 2024

SoftBank shares climb again with Arm’s explosive AI rally

Arm Holdings has almost doubled in value since making the case last week for how it will benefit from the artificial intelligence boom.
Rakuten Group has incurred a net loss for the fifth straight year.
BUSINESS / Companies
Feb 15, 2024

Rakuten logs second-largest annual net loss

The firm will skip a dividend payment for the first time in 23 years to prioritize its financial stability.
An in-house design by Yamagiwa, the Sui drop-shaped light uses traditional Japanese chōchin lantern techniques and is made with Mino washi paper.
LIFE / Style & Design / ON: DESIGN
Feb 17, 2024

Japan-made standouts from one of Paris' biggest design fairs

Maison & Objet is now such a popular event that it is often nicknamed the Paris Fashion Week of the interior design industry.
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.
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.
The volume of mergers and acquisitions linked to Japan has grown 43% so far this year.
BUSINESS / Companies
Feb 22, 2024

Japan sees dealmaking boom as mergers and acquisitions rise 43%

A strong stock market is giving companies more scope for acquisitions at a time when the government and investors are pressuring firms to bolster growth.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami