Search - business

 
 
Seibu Ikebukuro department store in Tokyo's Toshima Ward in September last year
BUSINESS / Companies
Sep 13, 2024

Seibu Ikebukuro department store to boost upscale brand lineup

The renovated store will feature about 60 cosmetics brands, while enhancing its basement food floor.
Union members react as Aerospace Machinists District 751 President Jon Holden (out of frame) announces that union members rejected a proposed Boeing contract and will go on strike, following voting results at their union hall in Seattle, Washington, on Thursday.
BUSINESS / Companies
Sep 13, 2024

Boeing workers going on strike after 96% vote for walkout

The Boeing workers' last strike in 2008 shuttered plants for 52 days and hit revenue by an estimated $100 million per day.
Athletics outfielder Seth Brown (right) and Brent Rooker celebrate after scoring against the Astros on Tuesday in Houston.
BASEBALL
Sep 13, 2024

MLB confirms A's will play in Sacramento in 2025

The Athletics, on their way out of Oakland, will spend next season in West Sacramento, California, Major League Baseball confirmed on Thursday.
An attendee wears an Apple Vision Pro while holding the Apple iPhone 16 Pro during an event at Apple Park campus in Cupertino, California, on Monday. Apple introduced the latest version of its flagship device, the iPhone 16.
EDITORIALS
Sep 13, 2024

The genie is out of the bottle and headed for your phone

The touchscreen smartphone is now humankind's ubiquitous companion, and with each new product release, phone makers unveil new innovations.
Seven & I Holdings, the operator of 7-Eleven convenience stores, was designated as a "core" company. The government requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
BUSINESS / Companies
Sep 13, 2024

Seven & I gets new designation, a potential hurdle for takeover

The new "core" category requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
Workers with picket signs outside the Boeing Seattle Delivery Center during a strike in Seattle on Friday.
BUSINESS / Companies
Sep 14, 2024

Boeing and union negotiators to resume talks next week amid strike

A long strike could further damage Boeing's finances, already groaning due to a $60 billion debt pile.
Pope Francis holds a news conference aboard the papal plane on his flight back to Rome after his 12-day journey across Southeast Asia and Oceania, on Friday.
WORLD / Society
Sep 14, 2024

Pope says Trump and Harris 'against life' as Asia tour ends

The comments on the U.S. presidential hopefuls came as he defied health concerns to connect with believers from Papua New Guinea to Singapore.
Employees work on an electric car production line near Ningbo, China, in April 2021. In new measures announced Friday, the Biden administration is moving to block off a popular tariff-free path for Chinese apparel coming into the United States, and added stiff levies on electric vehicles, solar panels and other products.
BUSINESS / Economy
Sep 14, 2024

U.S. locks in steep China tariff hikes, as some industries warn of disruptions

The tariffs include a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals.
The construction site of the Rapidus chip factory in Chitose, in the northern prefecture of Hokkaido. The Rapidus chip factory in Chitose is a collaboration with IBM and backed by billions of dollars in government funding.
BUSINESS / Tech
Sep 14, 2024

Japan tries to reclaim its clout as a global tech leader

To do this, Japan is working with foreign tech leaders — an outward-looking, collaborative approach that decades earlier would have been unthinkable.
"Nightbitch," which premiered at the Toronto film festival on Sept. 7, stars Amy Adams (center) as Mother, an artist who becomes a harried stay-at-home mom caring for a boisterous toddler.
CULTURE / Film
Sep 14, 2024

Amy Adams gets real about motherhood in 'Nightbitch'

The film explores various facets of motherhood — the wonder and joy, but also the darkness and exhaustion — using equal doses of comedy, drama and magical realism.
Candidates for Japan's ruling Liberal Democratic Party presidential election stand together onstage at the Japan National Press Club in Tokyo on Saturday.
JAPAN / Politics
Sep 15, 2024

LDP presidential hopefuls outline approach to U.S. and China concerns

The nine candidates jostled over the best way to resolve Nippon Steel's contentious bid for U.S. Steel, while also grappling with the Chinese military challenge.
Managers, in their effort to avoid appearing sexist, often provide women with insincere or inconsistent feedback during performance reviews.
COMMENTARY / World
Sep 15, 2024

Women don’t always get the candid feedback they deserve

Managers, in their effort to avoid appearing sexist, often provide women with insincere or inconsistent feedback during performance reviews.
Solar panels and wind turbines at a power plant in Hami in China's Xinjiang region. The U.S. and other countries have described China’s actions against Uyghurs in the Xinjiang region, a key cog in the cleantech supply chain, as a genocidal campaign aimed at erasing an entire culture.
ENVIRONMENT / Energy / OUR PLANET
Sep 16, 2024

How China’s dominance of solar and batteries is impacting Japan’s energy transition

China has thrown its industrial might behind cleantech, putting Japan in a tough spot as it weighs human rights concerns against its climate targets.
President Xi Jinping last week appeared to signal tolerance for a rate slightly lower than 5%.
BUSINESS / Economy
Sep 16, 2024

China’s deepening slowdown tests Xi’s tolerance for growth miss

The People’s Bank of China signaled in a rare statement alongside disappointing credit data that fighting deflation would become a higher priority.
The U.S. team celebrates on the 18th green after clinching their victory over the European team to win the Solheim Cup in Gainesville, Virginia, on Sunday.
MORE SPORTS / Golf
Sep 16, 2024

U.S. team savors Solheim Cup triumph after enduring long wait

Captain Stacy Lewis praised her players for their tenacity and fortitude in pressure-packed situations.
A worker inspects solar panels in Gansu Province, China, in 2013.
BUSINESS / Tech
Sep 16, 2024

China’s U.S. solar plants undermine domestic push, report says

The report comes amid increasing scrutiny of Chinese investment in U.S.-based manufacturing of the solar tech key to the transition away from fossil fuels.
Then yen strengthened on Monday beyond ¥140 per dollar ahead of a Federal Reserve policy meeting this week that is widely expected to see officials cut interest rates.
BUSINESS / Markets
Sep 16, 2024

Yen strengthens beyond ¥140 per dollar for first time since 2023

The currency appreciated as much as 0.6% versus the dollar to ¥139.96 on Monday, its strongest level since July last year.
The BMW logo. It took the German automaker more than two years to discover the extent of a braking system fault that is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
BUSINESS / Companies
Sep 16, 2024

BMW took two years to find extent of defect behind recall

The braking system fault is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
Fruits and vegetables sit wrapped in plastic in a supermarket in Tokyo in 2021
ENVIRONMENT / Sustainability
Sep 16, 2024

'Easy, convenient, cheap': How single-use plastic rules the world

Negotiators hope to reach the world's first treaty on plastic pollution this year, but single-use plastic remains hugely popular as a cheap and convenient choice.
Ryan Routh speaks during an interview at a rally to urge foreign leaders and international organizations to help provide humanitarian aid in central Kyiv in April 2022, amid Russia's invasion of its neighbor. Routh, 58, was charged with two gun-related crimes in a federal court in Florida on Monday, a day after he was spotted with a rifle hiding in shrubbery on the property line of Trump's golf course.
WORLD / Crime & Legal
Sep 17, 2024

Suspect in second Trump assassination attempt had criminal history

Ryan Routh was charged with two gun-related crimes in a federal court in Florida a day after he was found with a rifle hiding near Donald Trump's golf course.
British Prime Minister Keir Starmer and Italian Prime Minister Giorgia Meloni shake hands at a news conference in Rome on Monday.
WORLD / Politics
Sep 17, 2024

Starmer courts Meloni in Rome with eye on risk from U.K. right

The British prime minister said he’s looking to his Italian counterpart for lessons on tackling what is known as irregular migration.
A man walks in the Hong Kong's Central Financial District on March 15.
BUSINESS / Tech
Sep 17, 2024

Hong Kong preparing policy statement for artificial intelligence in finance

The guidelines are intended to signal support for the technology, while local regulators try to address its use amid the U.S.-Chinese technology conflict.
The yen has gained more than 4% this month versus the dollar amid expectations the U.S. Federal Reserve will start cutting interest rates this week.
BUSINESS / Markets
Sep 17, 2024

Hedge funds start to split on long-yen trades before Fed and BOJ meets

Some short-term funds locked in profits ahead of the monetary policy decisions this week, while others are looking to increase their long-yen positions.
Sean "Diddy" Combs arrives for the 2018 Met Gala in New York. Combs — the rap mogul whose star has plunged after a wave of sex trafficking and assault lawsuits against him — was arrested in Manhattan late on September on Monday.
WORLD / Crime & Legal
Sep 17, 2024

Rap mogul Sean 'Diddy' Combs arrested in New York amid assault lawsuits

The attorney for the Southern District of New York said the arrest stemmed from a sealed indictment filed by his office, which they expected to unseal the next day.
Women in managerial positions at Japanese firms has topped 10%, but the figure still lags far behind those in European countries and the United States.
BUSINESS / Companies
Sep 17, 2024

Women in managerial posts top 10% for first time in Japan

Women in managerial roles are slowly increasing in Japan, but the country remains far from the government's 30% target for this decade.
The Bank of Japan is holding its policy board meeting this week.
BUSINESS / Economy
Sep 17, 2024

Japan set to hold rates steady as yen rallies and LDP candidates stump

A rate hike by the Bank of Japan right after an expected cut by the Federal Reserve would cause more turbulence, UBS Securities' chief Japan economist says.
Tokyo's Ginza area marked the highest commercial land prices this year for the 19th consecutive year.
BUSINESS / Economy
Sep 17, 2024

Japanese average land price rises for third consecutive year

Overall land prices showed the first increase in 32 years in locations outside the three metropolitan areas of Tokyo, Nagoya and Osaka.
There are worries that residents' personal information would be compromised if vulnerabilities in local government security systems are left unnoticed.
JAPAN
Sep 17, 2024

Japan to conduct mock cyberattack tests on local governments

The measure aims to strengthen local governments' security by checking for system vulnerabilities.
Neuralink's Blindsight received the U.S. Food and Drug Administration's "breakthrough device" designation.
BUSINESS / Tech
Sep 18, 2024

Neuralink gets FDA's 'breakthrough device' tag for Blindsight implant

The FDA's "breakthrough" tag is aimed at speeding up the development and review of devices currently under development.
Sean "Diddy" Combs in 2017. Prosecutors have accused Combs of running a criminal enterprise to facilitate his exploitation of women, dating back at least 16 years.
WORLD / Crime & Legal
Sep 18, 2024

Sean 'Diddy' Combs pleads not guilty to sex trafficking; judge denies bail

Prosecutors said the rapper and producer used his fame to coerce women into demeaning sexual acts as part of a long-running scheme.

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