Search - business

 
 
A playful photo of Japanese female politicians on a work trip to Paris drew much criticism back home. The backlash may be one of the reasons women choose to avoid public service.
COMMENTARY / World
Aug 16, 2023

Japan has a misery-loves-company problem

The backlash to government officials' lighthearted moment is a prime example of how to undermine workers.
The Writers Guild of America went on strike on May 2 and was joined on the picket lines by members of the Screen Actors Guild on July 14, bringing most U.S. film and scripted television production to a halt.
BUSINESS
Aug 17, 2023

Optimism emerges among Hollywood writers over talks with studios

Writers went on strike over an impasse on compensation, minimum staffing in writers' rooms, residual payments and curbs on artificial intelligence.
Residential buildings under construction at Tahoe Group's Cathay Courtyard development in Shanghai
BUSINESS / Economy
Aug 17, 2023

China’s housing slump is much worse than official data shows

Industry insiders and economists say China’s official home-price indexes are likely understating the depth of the downturn.
A worker cleans a Toyota Electric Vehicle bZ4X on display during the Gaikindo Indonesia International Auto Show in Tangerang, near Jakarta, Indonesia, last week.
BUSINESS / Companies
Aug 17, 2023

Japan automakers race to catch up with global EV competitors

There is a sense of crisis over a possible decline of Japan's auto industry if U.S., European and Chinese automakers continue to dominate the EV market.
A neighborhood destroyed by last week’s wildfire in Lahaina, on the island of Maui, Hawaii
WORLD
Aug 17, 2023

After Maui’s wildfire horror, residents search for a way forward

Maui's residents are trying to balance rebuilding the community and dealing with grief with the tourism work needed to support themselves.
Containers in a shipping terminal at the Honmoku pier in Yokohama in June
BUSINESS / Economy
Aug 17, 2023

Japan logs first export decline in over two years

The value of exports fell in July from a year earlier, retreating for the first time since February 2021.
Fake oranges filled with captagon pills, intercepted by the customs and the anti-drug brigade at Beirut port, Lebanon, in 2021.
WORLD / Crime & Legal
Aug 18, 2023

‘Poor man’s cocaine’ costing $3 a pill threatens to proliferate

Selling for around $3 to $25 per tablet, experts say captagon is primarily produced and trafficked by groups tied to Syrian President Bashar Assad.
Members of the Ecuadorean Armed Forces stand guard outside a penitentiary in Guayaquil, Ecuador, during a joint operation between the police and the military last Saturday. A state of emergency was declared in the country on Aug. 10, following the assassination of popular presidential candidate Fernando Villavicencio.
WORLD / Politics
Aug 18, 2023

Ecuador to vote in election dominated by 'horror' of violence

The country's murder rate has soared above that of Mexico or Colombia, and several politicians have been assassinated in the run-up to the vote
China Evergrande has sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies undergoing restructurings from creditors that hope to sue them or tie up assets in the United States.
BUSINESS / Companies
Aug 18, 2023

China Evergrande files for protection in U.S. bankruptcy court

The company sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies that are undergoing restructuring.
Nippon Life Insurance headquarters in Osaka. Japanese insurers are seeking more investments in private credit, attracted to their floating interest rates as global borrowing costs jump.
BUSINESS / Companies
Aug 18, 2023

Private credit boom attracts Japan insurers with $2.6 trillion

Dai-ichi Life Insurance and Nippon Life Insurance are among companies that are seeking more investments in private credit.
BUSINESS
Aug 18, 2023

Some minimum wage hikes in Japan to top government recommendation

The new minimum wages for fiscal 2023, which began in April, will take effect in stages beginning Oct. 1.
A man examines the rates at a currency exchange office in Moscow on Monday.
BUSINESS / Economy
Aug 19, 2023

Russia’s powerful split into squabbling factions over the ruble

Sparring over the ruble’s plunge focused on what caused it just as much as on what to do about it.
Members of the Japanese Trade Union Confederation, commonly known as Rengo, raise their fists as they cheer during their annual May Day rally to demand higher pay and better working conditions, in Tokyo, in  April.
BUSINESS / Economy
Aug 19, 2023

Japan eyes expanding tax breaks for firms raising wages

The industry ministry will include plans to expand the program in its tax system reform proposal for fiscal 2024, which starts next April.
Elon Musk
BUSINESS / Tech
Aug 19, 2023

Elon Musk says X will strip ability to block accounts

The block function on X allows a user to restrict specific accounts from contacting them, seeing their posts or following them.
The site of a missile strike in the center of Chernihiv, Ukraine, on Saturday
WORLD
Aug 20, 2023

Seven killed in Russian missile strike on Ukraine's Chernihiv

The dead included a 6-year-old girl, while 144 were wounded after the Russian strike on a central square in the historic northern Ukrainian city.
U.S. President Joe Biden speaks during a news conference at Camp David in Maryland on Friday.
BUSINESS / Economy
Aug 20, 2023

Biden wants to sell his economic plan. But there's a problem.

The White House is embracing "Bidenomics” — originally intended to deride the president's policies — to instead promote his stewardship of the economy.
A woman sweeps ash off the terrace of her house while smoke rises over the village of Benijos as wildfires rage out of control on Spain's Tenerife on Saturday.
WORLD
Aug 20, 2023

Mass evacuations as Tenerife wildfire rages out of control

The huge blaze broke out late Tuesday in a mountainous northeastern area of the island, quickly morphing into the Canary Islands' biggest-ever fire.
Alexis Ryoko Nishizawa (left) facilitates workshops for people with curly hair during which she shares the basics with attendees.
JAPAN / Society
Aug 20, 2023

In Japan, curly hair makes you stand out. This entrepreneur says 'embrace it.'

Nishizawa has become a go-to guide for people in Japan looking to tame and style their natural wavy, curly and coily hair.
Tottori Gov. Shinji Hirai (left) with Shinsuke Nakajima, executive chef at the Hotel New Otani Tokyo
ESG CONSORTIUM
Aug 18, 2023

Tottori, home of premium wagyu, offers great diversity of delicacies

Western Japan’s Tottori Prefecture, lying on the Sea of Japan and boasting the famous Mount Daisen and other peaks, has been a major beef-producing area since the Edo Period. Japan’s least populous prefecture is blessed with rich nature and clean air, abundant groundwater and high-quality straw —...
The Bank of Japan headquarters in Tokyo
BUSINESS
Aug 21, 2023

BOJ adjustments show strain as record bond buying continues

Doubling the effective cap on benchmark yields in December and again last month has yet to significantly reduce the central bank's purchases.
Move Forward Party Leader Pita Limjaroenrat
ASIA PACIFIC / Politics
Aug 21, 2023

Most disagree with Pheu Thai coalition government, poll shows

About 64% of 1,310 respondents said they "did not agree at all” or "disagreed” with Pheu Thai’s plan to lead what it called a reconciliation government.
BUSINESS
Aug 21, 2023

Japan paper industry to develop new wood fiber material

With demand for paper in the doldrums, the industry is looking to expand the use of wood, a renewable resource, beyond paper products.
Russian President Vladimir Putin at the Kremlin on Aug. 18. Putin’s authority as a guarantor of stability has taken a big hit in the wake of the mutiny by Yevgeny Prigozhin.
WORLD / Politics / FOCUS
Aug 21, 2023

Putin turns to ruble and ballot to shore up shaken authority

Despite growing misgivings among Russia’s elites, for the regular voter, Putin remains wildly popular.
Lionel Messi is tossed in the air by his teammates after Miami's win in the Leagues Cup final on Nashville, Tennessee, on Sunday.
SOCCER
Aug 21, 2023

Lionel Messi's Inter Miami eyes treble after Leagues Cup triumph

Messi and Miami will play in the semifinals of the U.S. Open Cup before returning to MLS play.
People look at job listings. A U.N. study has found that artificial intelligence is likely to change the intensity of work and the degree of worker autonomy than destroy jobs.
BUSINESS / Tech
Aug 22, 2023

AI more likely to change work than destroy jobs: U.N. study

The study found that 5.5% of employment in high-income countries was potentially exposed to impacts from generative AI, more than in low-income countries.
Spain players celebrate with the trophy after winning the World Cup in Sydney on Sunday.
SOCCER / Women's World cup
Aug 22, 2023

Success of Women's World Cup can't hide financial gap with men

The 2023 World Cup buoyed hopes that the women's game can start to bridge the yawning financial gap.
A bulk carrier at the Panama Canal on April 19
BUSINESS / Economy
Aug 22, 2023

Historic drought and hot seas slow Panama Canal shipping

Restrictions already are sending China-U.S. spot shipping prices up as much as 36% amid soaring sea temperatures.
Supermarket owner Takashi Nakajima, 67, prepares raw fish to sell at his store, near the Fukushima No. 1 nuclear power plant in Soma, Fukushima Prefecture.
BUSINESS / Economy
Aug 22, 2023

For Fukushima shop owner, water release spells battle for survival

Japan said on Tuesday it would start discharging more than 1 million metric tons of the treated water on Thursday
Kenya Koshimizu, senior executive at Mizuho Financial Group, speaks during an interview in Tokyo on Monday.
BUSINESS / Economy
Aug 22, 2023

Mizuho deferring JGB purchases as BOJ mulls policy exit: official

Banks face a looming inflection point as Japan's economy approaches policy normalization after years of little growth, weak spending and massive easing.
BUSINESS / Economy
Aug 22, 2023

BOJ's Ueda meets Kishida but says yen volatility wasn't discussed

The talks took place after the dollar's recent ascent above ¥145, a level that last September triggered Japan's first yen-buying operation since 1998.

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