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SoftBank Group booked a ¥789 billion quarterly loss as it took a hit from the bankruptcy of WeWork.
BUSINESS / Companies
Nov 9, 2023

SoftBank books ¥789 billion quarterly loss

SoftBank's loss marks its fourth straight quarter in the red as the tech giant struggles amid a weak yen.
Tokyo retained third behind London and New York in this year's Global Power City Index (GPCI) report.
JAPAN / Society
Nov 9, 2023

Tokyo remains third in global power index despite downturn

Among other Japan cities, Osaka ranked 37th while Fukuoka placed 42nd in the index.
Honda raised its full-year net profit forecast to ¥930 billion.
BUSINESS / Companies
Nov 9, 2023

Honda and Nissan hike full-year forecasts

The car giants, however, also pointed out that fierce price competition in China was posing a challenge for Japanese automakers.
Director Hideo Jojo made the switch from soft-core adult films to more mainstream entertainment with “On the Edge of Their Seats,” a drama about four teenagers watching their high school baseball team lose an important tournament game.
CULTURE / Film
Nov 10, 2023

'Pink film' director Hideo Jojo gets the red carpet treatment

Tokyo's annual film festival named Jojo — who has made over 100 titles, from soft-core adult films to theatrical features — this year's Director in Focus.
A union team captain reacts after SAG-AFTRA approved a tentative agreement with the Alliance of Motion Picture and Television Producers (AMPTP) to bring an end to the 118-day actors strike, at a brewery in Los Angeles on Wednesday.
BUSINESS / Companies
Nov 9, 2023

Hollywood actors reach tentative deal with studios to end strike

The deal also provides protections against unauthorized use of images generated by artificial intelligence.
Humane has officially launched its long-awaited Ai Pin. The device will be available to order starting Nov. 16.
BUSINESS / Tech
Nov 10, 2023

Humane's Ai Pin launches its campaign to replace phones

The device can magnetically clip onto clothing and will cost $699 with a $24-a-month subscription — which will come with unlimited data and phone calls.
ICBC Financial Services said in a statement a ransomware attack resulted in disruption to certain systems and it was conducting an investigation and "progressing its recovery efforts."
BUSINESS
Nov 10, 2023

China's biggest lender ICBC hit by ransomware attack

The lender said it was investigating the attack that disrupted some of its systems, and making progress toward recovering from it.
U.S. Treasury secretary Janet Yellen (right) and He Lifeng, China's vice premier, shake hands during a meeting in San Francisco, California, on Thursday.
WORLD / Politics
Nov 10, 2023

Yellen seeks 'substantive' talks with Chinese vice premier ahead of APEC summit

U.S. Treasury officials have sought to downplay expectations for any breakthroughs from the meetings in San Francisco.
BUSINESS / Companies
Nov 10, 2023

Many Japanese firms log higher April-September net profits

The normalization of economic activity from the COVID-19 crisis and the depreciation of the yen have boosted earnings.
As a young man, preserving the 400-year-old Ueda Soko Ryu tea ceremony school, which had survived the 1945 atomic bombing of Hiroshima, was always on Soko Ueda's mind.
COMMUNITY / Our Lives / 20 QUESTIONS
Nov 11, 2023

‘Life is for being who I am — not who others expect me to be’

A soon-to-be 17th-generation tea ceremony grandmaster shares the journey he took in embracing his family heritage and preserving a Hiroshima tradition.
Port Plus is a training and education facility in Yokohama built by and for general contractor Obayashi, a storied Japanese builder that traces its roots back to 1892.
BUSINESS
Nov 16, 2023

Wooden high-rise in Yokohama grows Japan’s timber ambitions

Port Plus, which was finished last year, is composed mainly of 540 wooden rigid cross-joints.
A JD.com advertisement in Beijing promoting the Singles Day shopping festival
BUSINESS
Nov 10, 2023

China’s Singles Day downbeat amid slumping consumer confidence

Shoppers are increasingly seeking value, looking for cheaper brands amid an overall mood of restraint.
Yoon Suk-yeol, then the 2022 presidential election candidate of South Korea's main opposition People Power Party, attends a news conference in Seoul in November 2021.
ASIA PACIFIC / Politics
Nov 10, 2023

President’s war against ‘fake news’ raises alarms in South Korea

Critics say South Korean President Yoon Suk-yeol is silencing journalists in the name of fighting disinformation.
Destroyed buildings in Gaza on Thursday amid ongoing battles between Israeli forces and the Hamas militant group.
BUSINESS / Markets
Nov 10, 2023

Why are oil prices falling while war rages in the Middle East?

Intense fighting is underway in a region that holds much of the world’s petroleum resources. Yet, energy markets have been slumping.
BUSINESS / Economy
Nov 10, 2023

Cabinet approves ¥13.1 trillion extra budget to finance fresh stimulus

Prime Minister Fumio Kishida appears to be eager to regain popularity with the relief package, but voters aren't convinced.
Japanese state-backed fund INCJ has sold all but a token portion of its stake in semiconductor manufacturer Renesas Electronics.
BUSINESS / Companies
Nov 10, 2023

Japan fund INCJ sells ¥279 billion of Renesas shares

The shares have primarily been sold to overseas institutional investors, INCJ said.
A Shiseido booth at the third China International Consumer Products Expo, in Haikou, Hainan province, in April
BUSINESS
Nov 10, 2023

Shiseido slashes profit forecast on Fukushima water release

Cosmetic products were at the center of a viral campaign that spread unproven safety allegations on Chinese social media platforms.
Cosmo Energy is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group, led by Yoshiaki Murakami, from increasing its stake to 24.56% from the current 20%.
BUSINESS
Nov 10, 2023

Japan's Cosmo braces for 'poison pill' anti-activist vote

The refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group from increasing its stake.
Federal spending and political polarization prompted Moody's on Friday to lower its outlook on the U.S. credit rating to "negative" from "stable."
BUSINESS / Economy
Nov 11, 2023

Moody's turns negative on U.S. rating, drawing Washington's ire

Moody' lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability.
An assembly line at Honda Motor's  Performance Manufacturing Center in Marysville, Ohio, in November 2016
BUSINESS / Companies
Nov 11, 2023

Honda will give autoworkers 11% raise after UAW’s big wins

While nonunion automakers race to boost pay and keep the union out of its gates, the UAW is trying to organize foreign-owned factories in the U.S.
SAG-AFTRA President Fran Drescher speaks as she is flanked by Duncan Crabtree-Ireland, SAG-AFTRA's executive director and chief negotiator, during a news conference following the end of the Screen Actors Guild strike in Los Angeles on Friday.
BUSINESS
Nov 11, 2023

Actors union explains AI guardrails in strike deal

The Screen Actors Guild (SAG-AFTRA) reached a deal with studios like Disney and Netflix this week to end its nearly four-month strike.
US Treasury Secretary Janet Yellen speaks during a news conference in San Francisco on Friday.
BUSINESS / Economy
Nov 11, 2023

U.S. Treasury chief to 'intensify communication' with top Chinese official

U.S. Treasury Secretary Janet Yellen said on Friday that she agreed with Chinese Vice Premier He Lifeng to "intensify communication" on economic issues.
Toshihiro Mibe, president and chief executive officer of Honda at the Japan Mobility Show, in Tokyo in October
BUSINESS / Companies
Nov 12, 2023

Booming profits bolster Japan automakers’ cautious EV shift

The Japanese auto sector is on track this year to exceed its peak operating profit of around ¥5.4 trillion in fiscal 2015.
Indonesian President Joko Widodo walks with U.S. President Joe Biden on the sidelines of the G20 summit in Denpasar, Bali, Indonesia, on Nov. 16, 2022.
BUSINESS
Nov 13, 2023

U.S. and Indonesia to discuss potential EV mineral deal: sources

Indonesia, which has the world's biggest nickel ore reserves, in September asked the U.S. to begin discussions for a trade deal for critical minerals.
BUSINESS / Companies
Nov 13, 2023

E-scooter startup wins over Japanese regulators who confounded Uber

Tokyo-based Luup controls more than 90% of the country’s shared e-scooter market in terms of ride mileage, based on government-compiled data.
The Humane Ai Pin’s interface is projected onto the hand of company co-founder Bethany Bongiorno in San Francisco on Oct. 27. Humane, a company started by two former Apple employees, says its new artificial intelligence pin can stop all the scrolling.
BUSINESS / Tech
Nov 13, 2023

Silicon Valley’s bet on the device that comes after the smartphone

Humane's Ai Pin is being billed as the first artificially intelligent device.
Japan's producer prices rose 0.8% in October from a year earlier, the slowest pace of growth since gains resumed in March 2021.
BUSINESS / Economy
Nov 13, 2023

Japan’s input inflation slows below 2% for first time since 2021

A measure of input prices for Japanese firms rose 0.8% from a year earlier, the slowest pace of growth since gains resumed in March 2021.
JAPAN / Politics
Nov 13, 2023

State minister of finance resigns in further blow to Kishida

Kenji Kanda submitted his resignation after admitting that his firm had failed to pay fixed asset taxes.
U Moe Zaw Oo, the deputy foreign minister of the National Unity Government of Myanmar, a shadow government seeking recognition as the legitimate leadership of the country, at the group’s headquarters in Washington on July 17
ASIA PACIFIC / Politics
Nov 13, 2023

Fighting to govern Myanmar, from a teeny office in Washington

The U.S. capital attracts political refugees from all over the world who hope proximity to power will draw attention to their national plights.
A Komatsu dump truck at the Oyu Tolgoi copper-gold mine in Khanbogd, the South Gobi desert, Mongolia
BUSINESS / Tech
Nov 14, 2023

China tightens grip on copper, key to world’s energy transition

China’s copper smelting capacity will increase by another 45% by 2027

Longform

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