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A suburb in Melbourne. Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation once and for all.
BUSINESS / Economy
May 8, 2024

Rents set to be last domino to fall in global inflation battle

Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation.
Head of North Korean propaganda Kim Ki Nam has died at 94.
ASIA PACIFIC / Politics
May 8, 2024

North Korea propaganda boss who shaped image of leaders dies at 94

He played an essential role in shaping the country’s messaging as leadership transferred to Kim Jong Il, and helped in the succession of Kim Jong Un.
J-Power's Takasago thermal power plant in Takasago, Hyogo Prefecture in 2022
BUSINESS / Companies
May 10, 2024

J-Power may close up to five coal power plants by fiscal 2030

The company's objective is to slash emissions by 46% from 2013 levels by 2030.
Things may look perfect to the outside world, but today's mom is fine with some imperfection at home.
JAPAN / Society / Longform
May 11, 2024

How 'Reiwa moms' are reshaping motherhood in Japan

Five years into the Reiwa Era and the challenges Japan's moms face are unique, though the qualities that help them persevere haven't changed a bit.
Toyota CEO Koji Sato says the company plans to expand AI-related investments, and this year will focus on building a strong foundation for software-defined vehicles.
BUSINESS / Companies
May 14, 2024

Japan’s carmakers look to China tech to claw back market share

With no signs of demand slowing for Chinese EVs, Japanese carmakers are looking to adapt their strategies to win over the world’s biggest auto market.
Natural gas burns on a domestic kitchen stove in London.
BUSINESS / Companies
May 14, 2024

As war stems Russian gas, Norway's Equinor gains outsized market impact

Norway now supplies 30% of Europe's gas, and roughly two-thirds of Norway's exports last year were sold by Equinor.
Singapore Prime Minister-designate Lawrence Wong at the Group of 20 finance ministers' meeting in Indonesia in 2022
ASIA PACIFIC / Politics
May 14, 2024

Singapore PM-designate Lawrence Wong keeps old guard in reshuffle

Wong picked Trade Minister Gan Kim Yong as his deputy, keeping the Cabinet of outgoing leader Lee Hsien Loong largely intact.
Singapore's new prime minister, Lawrence Wong (left), shakes hands with his predecessor, Lee Hsien Loong, during the swearing-in ceremony at the Istana in Singapore on Wednesday.
ASIA PACIFIC / Politics
May 16, 2024

Singapore’s riches grew under its leader. So did discontent.

On Wednesday, the Southeast Asian country’s third prime minister, Lee Hsien Loong, handed the reins to his deputy, the first leadership change in nearly 20 years.
Meta's board of experts is seeking public comments regarding a post criticizing Prime Minister Fumio Kishida on its Threads text messaging app.
JAPAN / Society
May 17, 2024

Meta seeks public opinion on Threads post criticizing Japan's PM

This is the first time the board has examined a case related to Threads.
China’s real estate sector has fundamentally changed in that existing home sales will become the norm, as is the case with developed countries.
COMMENTARY / World
May 19, 2024

China’s housing mess finally comes for Xi’s own

China’s real estate sector has fundamentally changed, in that existing home sales will be the norm, as is the case with developed countries.
Justice Minister Ryuji Koizumi speaks to reporters in Tokyo on Tuesday.
JAPAN / Politics
May 21, 2024

Japan's revised immigration bill clears Lower House

Permanent residency holders may have their status revoked if they deliberately fail to pay their taxes, impacting only those "with malicious intent."
Former U.S. President Donald Trump sits for his trial at the Manhattan Criminal Court in New York City on Tuesday.
WORLD
May 22, 2024

How Trump's hush money trial verdict could affect the 2024 election

Jurors could deliver a verdict as soon as next week.
U.S. Treasury Secretary Janet Yellen has urged European allies to act together with the United States to find a way to unlock the value of around $280 billion in frozen Russian assets so they can provide sustained financial support to Ukraine.
WORLD / Politics
May 26, 2024

G7 ministers cite 'progress' but no done deal on Russian assets for Ukraine

Group of Seven finance ministers cited "progress" in finding ways to use profits from frozen Russian assets to help Ukraine as they wrapped up a meeting.
A boy walks past a mural painted outside the house where former South African President Nelson Mandela once lived in, in Johannesburg's Alexandra township, on June 9, 2013.
WORLD / Society
May 27, 2024

Mandela's vision for South Africa fades as nation closes door to migrants

Immigration has become a hot issue in the run-up to the country's May 29 national vote, the first in which most people have no memory of decades of apartheid.
DMM Bitcoin said it would replace customers' lost bitcoin deposits with the help of other group companies.
BUSINESS / Tech
Jun 1, 2024

Japan's DMM Bitcoin says over ¥48 billion of cryptocurrency lost

It gave no details of how the incident occurred or whether an outside party had been involved, but said that it was investigating.
U.S. Secretary of Defense Lloyd Austin leaves a bilateral meeting with his Chinese counterpart, Dong Jun, on the sidelines of the Shangri-La Dialogue in Singapore on Friday.
COMMENTARY / Japan
Jun 4, 2024

China is winning the communications competition

It's a mistake for the U.S. to take for granted that the world sees it as “the good guy” in its competition with China.
The Shein logo on hangers at a pop-up store in Dublin on Nov. 8, 2022
BUSINESS / Companies
Jun 13, 2024

Shein steers tough course in pursuit of blockbuster London IPO

Both of the U.K.’s major political parties have met with Shein leaders, according to reports, though neither has come out in support publicly.
Tokyo Electric Power Company Holdings' Kashiwazaki-Kariwa nuclear power station in Kashiwazaki, Niigata Prefecture, in November 2022. The plant was shuttered in the wake of the 2011 Fukushima disaster, and has sat idle since.
JAPAN
Jun 23, 2024

World’s largest nuclear plant sits idle while energy needs soar

The Kashiwazaki-Kariwa plant has the potential capacity to power more than 13 million households.
China's Premier Li Qiang visits Western Australia's only operating lithium hydroxide plant Tianqi Lithium Energy Australia (TLEA) in Kwinana, on the outskirts of Perth, on June 18.
ASIA PACIFIC / Politics
Jun 18, 2024

Chinese premier's Western Australia tour spotlights global race for critical minerals

Western Australia supplies more than half of the world's seaborne iron ore, with China its top customer.
SoftBank Group founder Masayoshi Son says the conglomerate is ready to make its next big move, without fear of whether that’ll be a hit or miss.
BUSINESS / Companies
Jun 20, 2024

After losses, SoftBank’s Masayoshi Son says he's ready for his next big bet

The billionaire has warned that his next big endeavor could be a big hit or a bad flop — but that SoftBank has no choice but to try.
People applaud during a campaign event in Tokyo on Thursday. Those running in the July 7 poll will be battling to govern the sixth-largest city in the world by population.
JAPAN / Politics
Jun 20, 2024

Tokyo governor poll campaign kicks off with 56 candidates in running

Ideas on how to reverse the capital's declining birth rate and make spending transparent are topping the agenda.
Renho, who is running for Tokyo governor, delivers a campaign speech in the capital's Setagaya Ward on Saturday.
JAPAN / Politics
Jun 24, 2024

Koike and Renho adopt contrasting approaches to Tokyo election

Incumbent Yuriko Koike has visited villages and towns in the capital, while challenger Renho has focused on giving speeches in central Tokyo.
The share of stocks and investment trusts in Japanese household assets rose to a record high of 19.7% at the end of March.
BUSINESS / Economy
Jun 27, 2024

Japan inflation spurs record shift to household assets in stocks

Households have been coping with a surge in inflation over the past two years.
A group of 14 investors filed a lawsuit Friday against Mitsubishi UFJ Morgan Stanley Securities, seeking to recover losses after Credit Suisse’s riskiest bonds sold to them turned worthless.
BUSINESS / Companies
Jun 28, 2024

MUFG unit sued again in Japan over Credit Suisse AT1 losses

The 14 plaintiffs are demanding a combined ¥1.37 billion ($8.5 million) in compensation.
People stand near the scene of a strike on industrial buildings in Kharkiv, Ukraine, on May 17.
WORLD
Jun 29, 2024

Russia sends waves of troops to the front in a brutal style of fighting

Despite huge losses, Russia is recruiting 25,000 to 30,000 new soldiers a month — roughly as many as are exiting the battlefield, U.S. officials have said.
Hungary's Prime Minister Viktor Orban at a press conference in Kyiv on Tuesday
WORLD / Politics
Jul 5, 2024

EU voices concern at Orban Moscow visit rumor

Orban is the only EU leader to have maintained close ties with the Kremlin following Russia's invasion of Ukraine in 2022.
A Ukrainian national flag is pictured in front of the NATO emblem, amid Russia's attack on Ukraine, in central Kyiv, in July last year.
WORLD / Politics
Jul 6, 2024

NATO allies at summit to unveil Ukraine 'bridge to membership'

A senior U.S. official described the plan as quite substantial, saying that it will include training coordination, logistics and force development.
Samsung workers chant slogans during a walkout outside the company’s semiconductor plant in Hwaseong, South Korea, on Monday.
BUSINESS / Companies
Jul 8, 2024

Samsung union steps up pressure over pay with three-day strike

The union has spent weeks preparing for the walkout, after negotiations over pay and vacation time collapsed last month.
The production plant of GCL Technology in Xuzhou, Jiangsu province, China, on July 2
BUSINESS / Economy
Jul 16, 2024

Xi Jinping’s great economic rewiring is cushioning China’s slowdown

Tech advances and a resulting export boom have helped to keep economic growth within reach of its targeted pace of around 5%.
The S&P 500 drops from all-time highs amid a selloff in chipmakers.
BUSINESS / Tech
Jul 18, 2024

High-flying chipmakers see worst plunge since 2020

Concern about tighter U.S. restrictions on chip sales to China spurred a selloff in the industry that has led the bull market in stocks.

Longform

Members of the nonprofit group Japan Youth Memorial Association search for the remains of dead soldiers in a cave in Okinawa Prefecture in February.
The long search for Japan’s lost soldiers