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Chief among the worries surrounding DeepSeek is the fact that it collects and stores data in servers in China.
BUSINESS / Tech
Jan 31, 2025

DeepSeek’s AI restricted by ‘hundreds’ of companies in days

Companies have worked to block access due to concerns about potential data leaks to the Chinese government and what they view as weak privacy safeguards.
Trucks wait in line at the Zaragoza-Ysleta border crossing into the U.S. on Friday in Ciudad Juarez, Mexico, a day ahead of U.S. President Donald Trump's order to impose tariffs on Mexican imports.
BUSINESS / Economy
Feb 2, 2025

Trump launches trade war with tariffs on Mexico, Canada and China

U.S. President Donald Trump has ordered 25% tariffs on Canadian and Mexican imports and 10% on goods from China starting Tuesday.
Branded bags are displayed at a secondhand store in Tokyo in December.
BUSINESS
Feb 2, 2025

Secondhand shops rush for branded goods in Japan

Some operators have partnered with department stores, while others have use AI to determine the value of vintage luxury goods.
Canadian Prime Minister Justin Trudeau speaks during a news conference as Ottawa responded to U.S. President Donald Trump's order to impose tariffs on Canadian imports, in Ottawa on Saturday.
BUSINESS / Economy
Feb 2, 2025

‘Complete betrayal’: Canada reels as Trump tariffs rattle major trading relationship

Prime Minister Justin Trudeau, speaking on a bitterly cold night in Ottawa, said Trump’s move left his government with no choice but to respond forcefully.
A sign that reads ''Buy Canadian Instead'' is displayed after the top five U.S. liquor brands were removed from sale at B.C. Liquor Stores, as part of a response to U.S. President Donald Trump's 25% tariffs on Canadian goods, in Vancouver, British Columbia, on Sunday.
BUSINESS / Economy
Feb 3, 2025

Trump says Americans could feel 'pain' in trade war with Mexico, Canada and China

Wall Street and Washington's largest trading partners signaled hope that the trade war would not last long.
Japanese workers are increasingly job-hopping from one full-time position to another.
BUSINESS / Economy
Feb 3, 2025

Job-hopping Japanese workers push salaries higher

Job mobility in Japan has traditionally been low due to lifetime employment arrangements and strong labor laws.
SoftBank CEO Masayoshi Son (right) and OpenAI CEO Sam Altman at an event on Monday to pitch AI for businesses in Tokyo
BUSINESS / Companies
Feb 3, 2025

SoftBank forms joint venture with OpenAI in enterprise play

SoftBank and OpenAI said that the joint venture will help large Japanese enterprises in the adoption and training of Cristal intelligence in order to improve their businesses.
While Fuji Media Holdings is known for its iconic sphere-and-lattice headquarters in the Odaiba district near Tokyo Bay, it also owns office buildings, condominiums, hotels, nursing homes, logistic facilities, resorts and even two aquariums.
BUSINESS / Companies
Feb 4, 2025

Fuji Media’s crisis entices investors betting on changes

It may come as a surprise that Fuji Media’s shares have surged 45% this year, making it the best-performing stock on the benchmark Topix index.
The Yangshan Deepwater Port in Shanghai on Jan. 20. China's Finance Ministry said it would impose levies of 15% for U.S. coal and LNG and 10% for crude oil, farm equipment and some autos.
BUSINESS / Economy
Feb 4, 2025

China hits back with tariffs on U.S. goods after Trump imposes new levies

Trump on Monday suspended his threat of 25% tariffs on Mexico and Canada at the last minute, but there was no such reprieve for China.
OpenAI CEO Sam Altman is greeted by Kakao CEO Chung Shi-na during a press conference to announce partnerships on AI services in Seoul on Tuesday.
BUSINESS / Tech
Feb 4, 2025

OpenAI to deepen services within South Korea’s largest chat app

"We are particularly interested in AI and messaging," OpenAI CEO Sam Altman told a press conference he held with Kakao CEO Chung Shi-na in Seoul.
French President Emmanuel Macron. Tech players from around the world will gather in France for an AI summit next week.
BUSINESS / Tech
Feb 4, 2025

France pitches AI summit as 'wake-up call' for Europe

Players from across the sector and representatives from 80 nations will gather in the French capital.
MUFG virtually reached its full-year profit goal with a quarter to spare, earning a record ¥1.749 trillion in the first nine months.
BUSINESS / Companies
Feb 4, 2025

MUFG profit soars in bumper earnings season for Japan banks

Japanese banks are benefiting from rising interest rates following more than a decade of ultra-easy monetary policy.
Panasonic, whose sprawling operations include hairdryers, PCs and lithium-ion batteries used by the likes of Tesla, will restructure or streamline businesses with low growth potential, according to a statement released on Tuesday.
BUSINESS / Companies
Feb 4, 2025

Tesla supplier Panasonic to cut costs to support shift into AI

One target may be the company’s long-standing TV operations.
China said on Tuesday it would impose tariffs on imports of U.S. energy, vehicles and equipment, firing a return salvo in an escalating trade war between the world's two biggest economies.
BUSINESS / Economy / EXPLAINER
Feb 4, 2025

Where things stand in China-U.S. trade tensions

China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts.
While it's unclear whether U.S. President Donald Trump will follow through with his promised 25% levies on Mexico and Canada after agreeing to a 30-day pause on Monday, the blowback would be profound for Nissan.
BUSINESS / Companies / ANALYSIS
Feb 4, 2025

Trump tariffs will only add to the pain for hard-hit Nissan

The blowback from potential tariffs on Mexico and Canada would be profound for Japan's No.3 carmaker, which is struggling to turn itself around.
Cargo containers await loading onto ships at the port of Tianjin, China, on Tuesday.
BUSINESS / Economy
Feb 5, 2025

Xi’s careful reply to Trump tariffs shows China has more to lose

The shift reflects both Xi’s success at diversifying imports away from the U.S. since Trump’s first term, as well as China’s more precarious economic situation.
Next Generation Technology Group acquires companies in need of future leadership with competitive technologies and high margins, said Eiichi Arai, the Tokyo-based firm’s CEO.
BUSINESS / Companies
Feb 5, 2025

Tokyo’s first listing of the year soars in trading debut

The shares climbed as much as 58% to ¥3,165 in early trading in Tokyo on Wednesday.
Google's vow to not use AI for weapons or surveillance have been removed from its guidelines.
BUSINESS / Companies
Feb 5, 2025

Google pledge against using AI for weapons vanishes

The revised principles were posted just weeks after Google chief executive Sundar Pichai attended the inauguration of U.S. President Donald Trump.
Toyota is investing in increased capacity for electric vehicles and has unveiled plans to establish a subsidiary in Shanghai.
BUSINESS / Companies
Feb 5, 2025

Toyota raises annual profit guidance despite quarterly income drop

The automaker now expects a profit of ¥4.7 trillion ($31 billion) for the fiscal year ending March, up from its previous forecast of ¥4.3 trillion.
Panasonic will restructure low-growth businesses and make changes to its employment structure, according to a recently released statement.
BUSINESS / Companies
Feb 5, 2025

Panasonic shares jump most in 11 years on restructuring plans

The Osaka-based company will restructure low-growth businesses and make changes to its employment structure.
The new generative AI-powered Alexa represents at once a huge opportunity for Amazon, which counts more than half a billion Alexa-enabled devices in the market, and a tremendous risk.
BUSINESS / Tech
Feb 6, 2025

Amazon set to release long-delayed Alexa generative AI revamp

The new generative AI-powered Alexa represents at once a huge opportunity for Amazon.
Kuaishou Technology has attracted tens of millions of younger viewers who habitually scroll screens for new stories and trending videos.
BUSINESS / Companies
Feb 6, 2025

Mini dramas have supplanted movies in China. Is the U.S. next?

Professionally produced series for the web, mini dramas have clear storylines and big cliffhangers, with episodes running just 60 to 90 seconds each.
"The short-term interest rate should be at the 1% level by the second half of fiscal 2025,” up from the current 0.5%, the Bank of Japan’s most hawkish board member Naoki Tamura said Thursday in a speech to local business leaders in Nagano Prefecture.
BUSINESS / Economy
Feb 6, 2025

BOJ’s Tamura says interest rate needs to rise to at least 1%

A speech by the board member is likely to further fuel market speculation that more rate hikes are in the pipeline.
Tokyo Electron, one of a handful of key chip gear-makers globally, revealed expansion plans after posting better-than-expected earnings.
BUSINESS
Feb 6, 2025

Tokyo Electron plans expansion despite AI spending doubts

The company, one of a handful of key chip gear-makers globally, revealed the expansion after posting better-than-expected earnings.
Mitsubishi Tanabe Pharma will be acquired by U.S. private equity firm Bain Capital for ¥510 billion.
BUSINESS / Companies
Feb 9, 2025

Bain to acquire Mitsubishi Tanabe Pharma in $3.3 billion deal

Tanabe Pharma focuses on therapeutic areas such as immunology and inflammation, vaccines, diabetes, and central nervous system and metabolic disease.
Meiji Yasuda Life Insurance will acquire Banner Life Insurance in the United States as it seeks to expand its business overseas amid sluggish domestic market.
BUSINESS / Companies
Feb 9, 2025

Meiji Yasuda to acquire U.S. peer Banner Life

Japanese life insurance companies are expanding overseas for growth as the domestic market shrinks.
The three megabank groups including Mitsubishi UFJ Financial Group posted record consolidated net profits in April-December 2024.
BUSINESS / Companies
Feb 9, 2025

Japan firms to log record profits — driven by finance and AI biz

Leading the growth is the financial sector, buoyed by the return of positive interest rates to Japan thanks to the Bank of Japan's rate hikes
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe during a news conference in December
BUSINESS / Companies
Feb 10, 2025

Honda and Nissan results will highlight flaws as deal set to fail

The likely fallout of Honda’s short-lived alliance with Nissan spells trouble for both companies, but probably one more than the other.
The Auckland city skyline in 2021
BUSINESS
Feb 10, 2025

New Zealand changes ‘golden visa’ to lure wealthy migrants

As well as dropping the English language test, other potential barriers to investment such as the amount of time investors must stay in the country will be adjusted.
Construction for a new Microsoft data center in East Wenatchee, Washington, in November 2024.
BUSINESS / Tech
Feb 10, 2025

What DeepSeek? Big Tech keeps its AI building boom alive.

After DeepSeek’s breakthrough rattled markets, U.S. tech giants doubled down on massive data center investments to stay ahead in AI.

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