Search - business

 
 
Workers disassemble vehicle battery packs in a workshop in Dongguan, China.
BUSINESS / Economy
Dec 22, 2023

China bans export of rare earths processing tech over security

China has significantly tightened rules guiding exports of several metals this year, in an escalating battle with the West over control of key minerals.
The U.S. Steel Clairton Coke Works in Clairton, Pennsylvania. U.S. President Joe Biden's top economic advisor said the purchase of the firm by Nippon Steel deserves serious scrutiny, in the latest sign of political pressure over the deal.
BUSINESS / Companies
Dec 22, 2023

Nippon-U.S. Steel deal deserves 'serious scrutiny,' White House says

The White House said it views a strong domestic steel industry as vital to the U.S. economy and national security.
An employee inspects integrated circuit boards at a factory in Suzhou, China.
BUSINESS
Dec 22, 2023

U.S. to scrutinize Chinese chipmakers as Biden mulls tariffs

Over 100 companies in various sectors to be surveyed on their procurement and use of legacy chips
Shinjuku's Kabukicho is filled with colorful individuals that give the neighborhood its character.
LIFE / Travel / Longform
Dec 22, 2023

Christmastime in Shinjuku Golden Gai

One of Tokyo's most storied watering holes gets a little quiet during the holidays now that it relies quite a bit on tourists.
Japan's core consumer prices rose 2.5% in November from a year earlier, marking the slowest pace of increase in over a year in a sign of easing cost-push pressures in the world's third-largest economy.
BUSINESS / Economy
Dec 22, 2023

Japan’s cooling inflation also offers encouraging signs for BOJ

Consumer prices excluding fresh food items rose 2.5% from a year earlier as falls in energy costs deepened and gains in processed food prices eased.
JAPAN / Politics
Dec 22, 2023

In search for top officials, Kishida constrained by funds scandal

The limited number of viable candidates not suspected of misconduct means new appointees look more likely to be stopgap replacements.
JAPAN / Science & Health
Dec 22, 2023

Japan to scrap health insurance cards from December next year

The government aims to streamline administration and improve health care services by integrating the function of the cards into My Number cards.
JAXA’s Smart Lander for Investigating Moon (SLIM) spacecraft is expected to land on the lunar surface in early 2024.
COMMENTARY / Japan
Dec 21, 2023

One small step for a JAXA spacecraft, one giant leap for exploration

In 2024, we can look forward to the arrival on the moon of JAXA's SLIM spacecraft. Its groundbreaking accuracy could further propel space exploration.
JAPAN
Dec 22, 2023

In major shift, Japan eases rules on exporting defense gear

The policy change could see Japan make its first export of lethal military equipment as early as next year.
BUSINESS
Dec 23, 2023

JERA starts operating Yokosuka coal-fired plant ahead of schedule

The move comes despite mounting criticism over its continued use of power plants that are fired by the dirtiest fossil fuel.
In writing "Climate Capitalism: Winning the Global Race to Zero Emissions," journalist Akshat Rathi said his goal was to try and determine where climate solutions are being built and uncover the challenges that they face.
ENVIRONMENT / Climate change / OUR PLANET
Dec 24, 2023

Finding crucial solutions in a time of climate crisis

Journalist Akshat Rathi explores the economic side of the emergency in his book ‘Climate Capitalism.'
Subsidies in China turned the country into an electric vehicle giant but produced weed-infested graveyards of abandoned EVs.
BUSINESS / Tech
Dec 25, 2023

No one wants used EVs, making new ones a tougher sell too

In the $1.2 trillion secondhand market, prices for battery-powered cars are falling faster than for their combustion-engine cousins.
BUSINESS / Companies
Dec 25, 2023

Daihatsu halts three assembly plants over testing fraud scandal

It is unclear when the company will resume production, which is expected to be suspended until at least the end of next month.
An electronic board displays various companies' share prices at a business district in Tokyo in October.
BUSINESS / Economy
Dec 26, 2023

Japan’s labor demand holds steady in positive sign for wages

The job-to-applicants ratio eased a tad to 1.28, meaning there were 128 jobs offered for every 100 applicants, the labor ministry reported.
Mitsubishi UFJ Morgan Stanley Securities sold Additional Tier 1 notes from Credit Suisse more aggressively than any other firm in Japan, with its sales making up about two-thirds of the notes taken up, which totaled ¥140 billion in value.
BUSINESS / Companies
Dec 26, 2023

MUFJ securities unit sued again over Credit Suisse AT1 bond losses

Mitsubishi UFJ Morgan Stanley Securities sold more than two-thirds of the Additional Tier 1 notes taken up in Japan.
Demonstrators rally against COVID-19 vaccine mandates in Buffalo, New York, in February 2022.
COMMENTARY / World
Dec 26, 2023

It’s past time scientists admitted their COVID-19 mistakes

In 2019, 13% of Americans were distrustful enough to say they weren’t confident in scientists to act in the public’s best interest. Now it is 27%.
Pudong's Lujiazui Financial District in Shanghai. Chinese stocks fell more than 15% in 2023, while many emerging markets did just fine.
BUSINESS / Markets
Dec 26, 2023

Goldman rethinks emerging market strategy after China lesson

Chinese stocks, expected to rally in 2023, fell more than 15%, while many emerging markets did just fine.
A group of 19 host club owners in Kabukicho who own most of the host clubs in the area have pledged to ban the pay-later system by April and prohibit entry to those under 20 years old from January.
JAPAN / Society
Dec 26, 2023

How Japan's host clubs trap young women under mountains of debt

False promises of love — and even marriage — lead to huge bills for some as young as 18, who are often then coaxed into sex work to make repayments.
Bank of Japan Gov. Kazuo Ueda addresses a council meeting at business lobby Keidanren in Tokyo on Monday.
BUSINESS / Economy
Dec 27, 2023

BOJ summary suggests Ueda can wait for wage results before hike

Bank of Japan board members discussed the potential timing of ending the negative rate policy during their meeting last week.
Toyota's global production jumped 11% in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas.
BUSINESS / Companies
Dec 27, 2023

Toyota saw record November sales on demand from U.S. and Europe

Global sales — including that of subsidiaries Hino and Daihatsu — rose 12% from a year earlier to 986,262 units.
As president of Japan's largest opposition party, the Constitutional Democratic Party of Japan, Kenta Izumi has the unenviable task of mounting a challenge against the ruling coalition led by the Liberal Democratic Party.
JAPAN / Politics
Dec 28, 2023

Amid LDP woes, a familiar question reappears: Is the opposition ready?

Faced with a divided opposition and voter skepticism, CDP President Kenta Izumi says he is looking to adopt a stronger tone.
The New York Times headquarters in New York. The New York Times has sued Microsoft and OpenAI for using its content to help develop artificial intelligence services, in a sign of the increasingly fraught relationship between the media and a technology that could upend the news industry.
BUSINESS
Dec 28, 2023

NYT sues Microsoft and OpenAI for copyright infringement

While OpenAI has been sued by prominent authors, the suit is the first challenge to its practices by a major media organization.
A woman points at a Glock handgun during the annual National Rifle Association convention in Dallas in 2018.
WORLD / Society
Dec 28, 2023

Gaston Glock, inventor of cult guns, dies at 94

His gun, wielded by police and outlaws alike, certainly made its mark worldwide, matched by few other weapons.
Japan's industrial production fell 0.9% in November from the previous month, weighed down by a decline in auto production.
BUSINESS / Economy
Dec 28, 2023

Japan's November factory output falls on weaker autos

Industrial production fell 0.9% in November from the previous month, data from the Ministry of Economy, Trade and Industry (METI) showed on Thursday.
U.S. President Joe Biden with IBM’s System One quantum computer during a tour of a facility in Poughkeepsie, New York in 2022. Chinese spies are challenging the C.I.A. by deploying artificial intelligence and other advanced technology as the two nations try to pilfer each other’s trade secrets.
ASIA PACIFIC / Politics
Dec 28, 2023

Chinese spy agency rising to challenge the CIA

In recent years, China's Ministry of State Security has sharpened itself through better training, a bigger budget and the use of advanced technologies.
FC Barcelona's Martina Fernandez scores during a Women's Champions League group match against FC Rosengard in Barcelona on Dec. 21. A share of 83% of respondents from a recent corporate survey said they planned to increase their investment in women's sports in 2024.
SPORTS
Dec 29, 2023

After landmark World Cup, more sponsors keen on women's sports

A share of 83% of respondents from a recent corporate survey said they planned to increase their investment in women's sports in 2024.
Vishnu Dabad, a Gau Rakshak, or cow protector, and a politician with the regional political party Jannayak Janta Party (JJP), in Chamdhera village, Haryana, India.
ASIA PACIFIC / Politics
Dec 29, 2023

India's far-right cow vigilantes mobilize before high-stakes elections

Some say cow vigilantism has become a way for young men to use popularity built through taking on alleged cattle smugglers to catapult into politics.
After being whipsawed by false starts calling for the end of the Fed’s rate hiking regime, a Bloomberg gauge of the greenback is down nearly 3% since January in the steepest annual drop for the U.S. currency since 2020.
BUSINESS / Economy
Dec 29, 2023

U.S. dollar is set for worst year since 2020

The dollar’s fall stands in contrast to the pound, which is set for its best year since 2017.
A JFE Steel plant in the city of Chiba. JFE Steel plans to buy more coking coal on the spot market to increase the liquidity of the market and to reflect true demand and supply.
BUSINESS / Companies
Dec 29, 2023

Japan's JFE takes new tack to tame volatile coking coal prices

Japan's No.2 steelmaker plans to buy more coking coal from the spot market to boost activity and make prices more transparent.
Hideki Kuriyama, who guided Samurai Japan to the World Baseball Classic title in March, rings a bell during a ceremony marking the end of trading in 2023 at the Tokyo Stock Exchange on Friday.
BUSINESS / Markets
Dec 29, 2023

Japanese stocks post best yearly gain since Abenomics jolt

The benchmark Topix posted an annual return of 25%, and the 225-issue Nikkei average rallied 28%. That’s the best performance for both gauges since 2013.

Longform

Figure skater Akiko Suzuki was once told her ideal weight should be 47 kilograms, a number she now admits she “naively believed.” This led to her have a relationship with food that resulted in her suffering from anorexia.
The silent battle Japanese athletes fight with weight