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The goal of the administration of U.S. President Joe Biden, building on years of evolving trade restrictions, is to slow China’s domestic development of advanced semiconductors and artificial intelligence systems that may help its military.
BUSINESS / Tech
Dec 3, 2024

U.S. tightens curbs on China’s access to AI memory and chip tools

The new measures included exemptions for key allies such as Japan and the Netherlands.
Customers walk past an Apple logo inside of an Apple store in New in 2018.
BUSINESS / Companies
Dec 3, 2024

Apple accused of silencing workers, spying on personal devices

Apple is also facing at least three complaints from a U.S. labor board
U.S. President-elect Donald Trump says he will "block" a planned takeover of U.S. Steel by Nippon Steel.
BUSINESS / Companies
Dec 3, 2024

Trump says will 'block' Nippon Steel from taking over U.S. Steel

Days after the U.S. election last month, Nippon Steel said it expected to close its takeover of the company before the end of the year.
A screen displays market data at Hana Bank in Seoul on Wednesday.
BUSINESS / Markets
Dec 4, 2024

Yoon’s gambit a tempest in a teapot for financial markets

Tokyo stocks opened flat and the yen was little changed from a day earlier, when the South Korean president declared martial law in a late-night address.
Panasonic CEO Masahiro Shinada (far right) and others cut the ribbon at the unveiling of a facility to be run solely on renewable energy in Cardiff, Wales, on Tuesday.
BUSINESS
Dec 4, 2024

Panasonic plant in U.K. to go fully renewable

The firm has installed a system to generate power using green hydrogen, produced without causing carbon dioxide emissions.
Bank of Japan board member Toyoaki Nakamura's cautious stance on raising interest rates indicates that the idea of a December hike may not have unanimous support.
BUSINESS / Economy
Dec 5, 2024

BOJ’s leading dove calls for careful approach to tweaking easing

The board member's remarks indicate that the idea of hiking interest rates this month may not have unanimous support.
The Topix and the yen have been largely moving independently over the past two months, shifting away from Japanese stocks’ past tendency to rise on a weaker yen.
BUSINESS / Markets
Dec 6, 2024

Cheap yen boost for Japan’s stocks shrinks to nil on hawkish BOJ

The Topix and the yen have been largely moving independently over the past two months.
Starbucks Coffee Japan will replace paper straws with plant-based biomass plastic straws from next month.
BUSINESS / Companies
Dec 6, 2024

Starbucks in Japan to ditch paper straws for plant-based biomass plastic in 2025

The coffee company says the new straws are fully biodegradable in seawater and soil, and will not soften like paper ones.
Shoppers wait at the checkout lines at an Ito-Yokado shopping centre after a sales tax hike in Tokyo April 1, 2014. Big firms expect to increase capital spending only modestly, the Bank of Japan's (BOJ) tankan quarterly survey showed on Tuesday, reflecting uncertainty over how much a sales tax hike that kicked off on Tuesday could hurt a fragile economic recovery.   REUTERS/Toru Hanai (JAPAN - Tags: BUSINESS)
BUSINESS / Companies
Dec 6, 2024

Ito-Yokado to reduce headcount of permanent employees by 1,000

The Seven & I Holdings unit will implement the reduction through personnel relocations and natural reductions, mainly through mandatory retirement.
Shareholders board a HondaJet for a sightseeing flight at Oita Airport in Kunisaki, Oita Prefecture, on Saturday.
BUSINESS / Companies
Dec 8, 2024

HondaJet flies with shareholders aboard

Eight passengers, including shareholders chosen by lottery from 6,846 applicants for the shareholder benefit program and their families, enjoyed a 30-minute flight.
Insurance tycoon Douw Steyn’s 250 million rand home overlooks the luxury residential estate bearing his name near Johannesburg, South Africa.
BUSINESS
Dec 9, 2024

Luxury estates for the rich are a booming business in South Africa

Despite a 20% decline in South Africa’s millionaire population over the past decade, it remains a hub for the continent’s high-net-worth individuals.
A TikTok creator and advocate wears a button showing support outside of the U.S. Court of Appeals on Sept. 16 in Washington, D.C.
BUSINESS / Tech
Dec 9, 2024

‘It’s for real this time’: TikTok creators react to potential ban

Many of TikTok’s users seemed to have only just begun to grasp that the app could be on its last legs in this country.
The annual number of corporate bankruptices may top 10,000 for the first time in 11 years, Tokyo Shoko Research has said.
BUSINESS / Companies
Dec 9, 2024

Japan's corporate bankruptcies increased 4.2% in November

The number of business failures grew for the third consecutive month amid a weak yen and soaring labor costs.
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.

Longform

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Japan’s bears have been on their killing spree for more than 100 years