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May 02, 2025
 

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The exterior of a blast furnace building is seen during a media tour by Nippon Steel at their East Nippon Works Kashima Area facility in Kashima, Ibaraki Prefecture, on Friday.
BUSINESS / Companies
Dec 10, 2024

Nippon Steel makes final push to win over U.S. workers

Nippon Steel said it made new commitments with regards to where and when a previously announced $1.4 billion capital expenditure commitment would be spent.
A poster advertising a reward for information is posted near the site where Brian Thompson, chief executive of UnitedHealthcare, was fatally gunned down in New York on Monday.
BUSINESS / Companies
Dec 10, 2024

CEO killing and rage over insurance plunges UnitedHealth into crisis

Instead of eliciting sympathy from the public, the death of UnitedHealth’s CEO has spawned a hate machine against the insurance industry.
The Northvolt Drei EV battery plant in Heide, Germany, one of several European-led battery facilities to have been delayed or canceled.
BUSINESS / Companies
Dec 10, 2024

Europe’s big battery ambitions are failing, and China is benefiting

Fallout is spreading across the region as EV demand wanes and local manufacturers struggle to master the technology.
Aletheia Clinic had experienced rapid growth, peaking in the fiscal year ended April 2021 with annual revenue of ¥16.3 billion.
BUSINESS / Companies
Dec 11, 2024

Hair removal clinic chain goes bust in Japan's biggest beauty collapse

It's "extremely unlikely" that customers of Aletheia Clinic will see their money returned, according to its trustee.
Bank of Japan Gov. Kazuo Ueda said in a Nikkei interview last month that hikes are "nearing.”
BUSINESS / Economy
Dec 12, 2024

BOJ said to see little cost to waiting for next rate hike

At the same time, some officials are not against a rate hike at this meeting if it is proposed, sources have said.
A liquefied natural gas plant operated by Sakhalin Energy in Sakhalin, Russia. Japan, the world's second biggest LNG buyer, depends on Russia for 9% of its LNG.
BUSINESS / Companies / ANALYSIS
Dec 12, 2024

Rival supplies and depleting fields give Japan an exit from Russian gas

Japan, the world's second-biggest liquefied natural gas buyer, depends on Russia for 9% of its LNG.
A production line at Mazda's plant in Salamanca, Guanajuato state, Mexico
BUSINESS / Companies
Dec 12, 2024

Mazda’s Mexico investment to hinge on Trump’s tariff decisions

Mazda joins a growing number of auto firms that have either paused or signaled they may reconsider plans in the country.
Nippon Life Insurance, Japan’s largest insurer by assets, will buy $250 million worth of convertible notes and $300 million of preferred securities issued by TCW Group.
BUSINESS / Companies
Dec 12, 2024

Nippon Life ramps up global push with $550 million TCW deal

The announcement comes just a day after Nippon Life agreed to buy Bermuda-based Resolution Life Group Holdings for about $8.2 billion.
Chinese President Xi Jinping
BUSINESS / Economy
Dec 13, 2024

China vows bigger fiscal spending to boost consumption next year

For only the second time in at least a decade, Chinese officials made "lifting consumption vigorously” and stimulating overall domestic demand their top priority.
Containers at the Yangshan deepwater port in Shanghai earlier this year. A new trade war with the U.S. would still hurt China more as Washington can levy ever-larger import duties on its goods and further rip the Asian giant from its supply chains, analysts say.
BUSINESS / Economy
Dec 13, 2024

China eyes negotiations as Trump threatens new tariffs

Beijing is seeking to amass bargaining chips to kick off talks with a new U.S. administration on contentious aspects of its ties with Washington.
A Nippon Steel blast furnace building in Kashima, Ibaraki Prefecture, on Dec. 6
BUSINESS / Companies
Dec 14, 2024

Nippon Steel’s plan B now in focus as $14 billion U.S. deal falters

The bid for the once-fabled American company ran into a maelstrom of political opposition in the U.S. in the run-up to the presidential election.
Customers queue at a bank ATM in Lagos. Roughly 93% of total currency in circulation sits outside of banks.
BUSINESS / Tech
Dec 16, 2024

Nigeria’s dying ATMs leave a cash-shaped hole filled by agents

Roughly 93% of total currency in circulation — or 4 trillion naira ($2.6 billion) — sits outside of banks as of September.
A Taiwan High Speed Rail bullet train arrives at Nangang Station in the city of Taipei.
BUSINESS
Dec 17, 2024

Taiwan’s bullet train a testament to shinkansen’s export potential

The line runs the length of Taiwan, over mountainous, unstable territory that makes the island a perfect test bed for the fast trains.
Indian billionaire Gautam Adani attends the 51st Gems and Jewellery Awards in Jaipur, India, on Nov. 30.
BUSINESS / Companies
Dec 16, 2024

Extradition of India's Gautam Adani seems unlikely, experts say

Adani Group has called the allegations against Indian billionaire Gautam Adani "baseless" and vowed to seek "all possible legal recourse."
Kioxia Holdings will debut on the market Wednesday, but its initial public offering may get a cooler reception than anticipated.
BUSINESS / Companies
Dec 17, 2024

Chipmaker Kioxia faces a tough debut in Tokyo’s busy IPO arena

Investment in Kioxia faltered as parent Toshiba wrestled with years of scandals and crippling losses at nuclear giant Westinghouse, making it a shadow of its former self.
Nissan President and CEO Makoto Uchida (left) and Honda President and CEO Toshihiro Mibe hold a news conference in Tokyo in March. Both automakers have been working together for months on a deal of some sort.
BUSINESS / Companies
Dec 18, 2024

Honda and Nissan might combine to form world’s No. 3 auto group

Mitsubishi, which has been working closely with Nissan since 2016, also might join the grouping.
Bank of Japan Gov. Kazuo Ueda gives a press conference in Tokyo on Oct. 31.
BUSINESS
Dec 19, 2024

BOJ meets for final rate review this year as Trump risk clouds outlook

Sources have said the BOJ is leaning toward keeping interest rates steady at the two-day meeting concluding on Thursday.
Oleksandr Usyk (left) and Tyson Fury engaged in an 11-minute staredown during a news conference in Riyadh on Thursday.
MORE SPORTS / Boxing
Dec 20, 2024

Tyson Fury all business ahead of rematch with Oleksandr Usyk

Usyk beat Fury in a split decision in Saudi Arabia in May to become a four-belt undisputed heavyweight champion.
The flag of China is seen next to the elements of gallium and germanium on a periodic table.
BUSINESS / Markets
Dec 23, 2024

Tiny but vital metal markets rush to adjust to Chinese clampdown

Beijing this month slapped a ban on U.S.-bound exports of gallium, germanium and antimony in a tit-for-tat move in a technology trade war.
The Nio logo on a steering wheel of an electric vehicle at the automaker's dealership in Shanghai
BUSINESS / Tech
Dec 23, 2024

China’s Nio unveils $108,000 EV to take on Porsche and Mercedes

Once one of the brightest rising stars in China’s electric vehicle market, Nio has fallen short of sales targets, with U.S.-traded shares slumping about 50% this year.
Economic uncertainty has left some U.S. drinkers looking for ways to rein in their booze spending, according to three of the largest U.S. spirits distributors.
BUSINESS
Dec 24, 2024

Shrinking U.S. bar tabs signal little festive cheer for liquor makers

Some drinkers are switching to cheaper liquor brands and venues or reducing the amount of out-of-home celebrations they attend.
Singapore's central business district in January 2023. The city-state’s supportive digital-asset environment has been credited with making it a "safe, long-term choice” for a regional hub.
BUSINESS / Tech
Dec 24, 2024

Singapore pulls ahead of Hong Kong in race to be crypto hub

The Southeast Asian city-state doled out 13 cryptocurrency licenses in 2024 to a range of operators, more than double its awards in 2023.
People walk around the New York Stock Exchange (NYSE) on December 29, 2023. Investors are more confident about the economy than this time a year ago.
BUSINESS / Markets
Dec 25, 2024

Investors hope for U.S. stock market trifecta in 2025 after boom years

They are eyeing a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming President Donald Trump.
Cocoa beans are pictured next to a warehouse at the village of Atroni, near Sunyani, Ghana, on April 11, 2019.
BUSINESS / Markets
Dec 25, 2024

How a hedge fund exodus reshaped global cocoa markets 

The impact of hedge funds' exit illustrates how reliant trading has become on these lightly regulated funds that increasingly shape financial markets.
Nissan CEO Makoto Uchida and Honda CEO Toshihiro Mibe during a news conference in Tokyo on Monday
BUSINESS / Companies / ANALYSIS
Dec 25, 2024

Will Honda-Nissan tie-up deliver synergies in time to counter China?

Honda CEO Toshihiro Mibe has said the companies need to build up capabilities by 2030 or face being "beaten," but analysts question whether they have that much time.
Toyota's business is feeling the strain of intense competition over hybrid cars in the U.S. and locally made electric vehicles in China.
BUSINESS / Companies
Dec 25, 2024

Toyota sales stagnate as factory glitches compound weaker demand

Vehicle sales totaled 984,348 units last month, the Japanese automaker said Wednesday, down 0.2% year-on-year.
Bank of Japan Gov. Kazuo Ueda appears to want to keep his options open by noting the need to keep rates low to support the economy while flagging the risk of maintaining them at low levels for too long.
BUSINESS / Economy
Dec 25, 2024

Ueda avoids giving clear hint on chances of January rate hike

The Bank of Japan governor is sticking to his view that the central bank needs to keep monitoring risks for the economy.
Storage tanks at the BP Cherry Point Refinery near Blaine, Washington
BUSINESS / Companies
Dec 27, 2024

Big Oil backtracks on renewables push as climate agenda falters

The likes of BP and Shell this year sharply slowed their plans to spend billions on wind and solar power projects.
At 60, the shinkansen has been mostly stuck in Japan, with only one system ever sold overseas.
BUSINESS / Tech
Jan 1, 2025

Japan’s go-slow approach to selling high-speed rail globally

The shinkansen has been mostly stuck in Japan as competitors from Europe and China sell their own high-speed trains in an increasing number of countries.
Sales of Ibiden's AI-use substrates are robust, with customers buying up all the company can sell.
BUSINESS / Tech
Dec 30, 2024

Nvidia supplier Ibiden weighs faster expansion for AI demand

Sales of the 112-year-old company’s AI-use substrates are robust, with customers buying up all that Ibiden can sell, CEO Koji Kawashima said in an interview.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
Israel protests after Kyoto inn seeks war crime declaration from tourist
A street in Kyoto in March 2023. An Israeli tourist was asked to sign a document stating that he had not committed war crimes when he checked in at a Kyoto guesthouse in April, prompting a response from Israel's ambassador.
U.S. and Ukraine sign resources deal after fraught negotiations
The United States and Ukraine signed a minerals deal on Wednesday, offering a measure of assurance to officials in Kyiv.
Puzzling decisions and opaque rankings are all part of sumo's charm
Chiyoshoma (right) battles Churanoumi during the New Year Basho in Tokyo in January. The Mongolian's drop down the sumo rankings ahead of the May tournament was one of the biggest surprises of the latest banzuke.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
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.
Don't send in the clones: AI event nixed as Alt accounts get reality check
A screenshot from the website for Alt's AI conference, which was canceled after the company disclosed an investigation into its sales figures.
CDP submits bill proposal on separate surnames, but challenges remain
Constitutional Democratic Party of Japan lawmakers speak to reporters in parliament on Wednesday after submitting a bill in the Lower House to allow married couples to retain different surnames.
Puzzling decisions and opaque rankings are all part of sumo's charm
Chiyoshoma (right) battles Churanoumi during the New Year Basho in Tokyo in January. The Mongolian's drop down the sumo rankings ahead of the May tournament was one of the biggest surprises of the latest banzuke.
North Korea's Kim sets sights on nuclear-armed navy
An unidentified weapons system is fired from the deck of North Korea's latest destroyer, the Choe Hyon, during two days of tests on Monday and Tuesday in this undated photo released Wednesday.
Single, or not? Japanese dating app launches relationship verification system
Tapple, one of Japan's most popular dating apps, has launched the nation's first feature to verify a user's single status via their My Number card.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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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
By Alex K.T. Martin

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