Search - business

 
 
Defendant Chung Biu Yuen leaves Westminster Magistrates' Court in London on Monday after being charged with assisting Hong Kong's foreign intelligence service.
WORLD / Politics
May 14, 2024

China slams U.K. arrests over Hong Kong spy case

China's foreign affairs commissioner in its territory of Hong Kong warned that Britain would receive "China's firm and strong retaliation."
Penny Sackett, a former director of the Australian National University’s Mount Stromlo Observatory, in the remains of the observatory, which was destroyed by a wildfire in 2003, just outside Canberra on May 6.
ENVIRONMENT / Climate change
May 14, 2024

Alarmed by climate change, astronomers train their sights on Earth

Seeing how climate change has impacted the earth, many astronomers have left science to become full-time activists.
A new era in Japan-U.S. military cooperation is set to begin after Japan's parliament enacted new laws to establish a joint command headquarters for the nation’s Self-Defense Forces.
COMMENTARY / Japan
May 14, 2024

Let the real work on Japan’s defense modernization begin

Scheduled to go into effect in March 2025, the Japan Joint Operations Command will centralize command of the country’s military services.
Gamers play the "Minecraft" game at E3 2017, one of the biggest events in the gaming industry calendar, in Los Angeles. Since the first version of Minecraft was released to the public 15 years ago, the block-based world-building game has become a global phenomenon. Players of all ages and backgrounds have used the game for everything from educational projects and architecture to building communities and creating artworks.
BUSINESS / Companies
May 15, 2024

Sweden's small game studios punching above their weight

In 2022, the country's game developers had a combined revenue of 32.5 billion kronor ($3 billion).
Visitors line up near a billboard for a Honda electric vehicle at the Beijing International Automotive Exhibition in Beijing in April.
BUSINESS / Companies
May 15, 2024

Honda moves to cut China workforce with voluntary layoffs

Honda's move marks the latest setback for Japan's legacy car brands in China.
Gloomy economic conditions, especially weak consumption, raise questions over whether the Bank of Japan will be able to take further steps toward policy normalization.
BUSINESS / Economy
May 15, 2024

Japan GDP data expected to show contraction for first quarter

The preliminary data is expected to show that spending by consumers and companies fell, while net exports dragged on growth for the first time in a year.
Japanese companies are raising payouts to shareholders as the Tokyo Stock Exchange pressures firms to improve capital efficiency and valuations.
BUSINESS / Markets
May 15, 2024

Japan firms boost dividends and buybacks, aiding Topix amid TSE pressure

The moves come as the Tokyo Stock Exchange pressures companies to improve capital efficiency and valuations, and have spurred a rebound in the Topix index.
Tourists and locals stroll along Tokyo's Ginza shopping district where some roads are closed off for pedestrians due to the national holiday on April 29.
BUSINESS / Companies
May 15, 2024

Fortress’s Japan hotel unit doubles pay to fight labor shortage

MyStays Hotel Management is offering monthly salaries of ¥500,000 ($3,210) for new hires into its fast-track program.
Tourists and locals stroll along Tokyo's Ginza shopping district where some roads are closed off for pedestrians due to the national holiday on April 29.
JAPAN
May 15, 2024

Japan visitors exceed 3 million for second straight month, tourism agency says

While the surge in arrivals is good news for the economy, it has caused some friction with locals.
Iran's urban development minister and India's ports and shipping minister signed the contract in the town of Chabahar, in a ceremony broadcast live on state media.
WORLD / Politics
May 15, 2024

India and Iran sign 10-year agreement to develop port project

The contract will see India Ports Global invest $370 million into "providing strategic equipment" and "developing transport infrastructure."
Former President Donald Trump speaks to reporters alongside Todd Blanche, one of his attorneys, before the day's proceedings in his criminal trial in New York on May 9.
WORLD / Crime & Legal
May 15, 2024

Cohen on cross: 5 takeaways from Trump’s criminal trial

Prosecutors stated that Cohen would be their final witness, while the defense aims to conclude cross-examination by Thursday.
The Japanese view of China is deteriorating, characterized by a fear of arbitrary detention and the belief the country, economically, is past its peak. The Chinese see Japan as declining and too reliant on the United States. 
COMMENTARY / Japan
May 15, 2024

Can Japan and China bridge their ever-widening ‘perception gap’?

Despite the fear, many of the worries Japanese have about visiting China are unfounded. Bridging the gap requires both nations to resume exchanges.
Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California, in 2018.
BUSINESS / Markets
May 16, 2024

U.S. efforts to reshape global supply chains gathers pace in Asia

Investment flows are shifting along with trade, with global firms investing in Southeast Asia to avoid U.S. tariffs on China.
Employees place items into boxes and envelopes at an Amazon fulfillment center.
BUSINESS / Companies
May 16, 2024

Amazon workers say they struggle to afford food and rent

Amazon has long been criticized for its treatment of employees
Attendees watch a broadcast of the swearing-in ceremony of Singapore’s Prime Minister Lawrence Wong on Wednesday.
ASIA PACIFIC / Politics
May 16, 2024

Singapore’s PM Wong takes office warning of ‘more violent’ world

Lawrence Wong takes office with rising concerns over the cost of living, strained U.S.-China ties and wars in the Middle East and Ukraine.
SoftBank is working to develop artificial intelligence-enabled software that softens the tone of customers' voices.
BUSINESS
May 16, 2024

SoftBank looks at 'softening' angry customer calls with AI

The issue of harassment of staff working in the service industry has gained more awareness in recent years.
Visitors can make their own instant noodles at the Cup Noodles Museum in Yokohama.
BUSINESS / Companies
May 16, 2024

‘Mystery meat’ in cup noodles sells out in Japan as a solo product

For Nissin Food Products, tapping into new trends is a way to respond to consumers in a market that now offers a wide range of choices.
A liquefied natural gas shipment on the Suez Canal in Ismailia, Egypt
BUSINESS / Economy
May 16, 2024

Red Sea disruptions are splitting global LNG trade into regions

It’s been four months since an LNG tanker has passed through the strait separating the Arabian Peninsula and Africa.
Employees work at a shoe factory in Hanoi in 2020.
BUSINESS / Markets
May 16, 2024

As U.S. hikes China tariffs, imports soar from China-reliant Vietnam

The surge in China-Vietnam-U.S. trade has vastly widened trade imbalances.
JERA's Hekinan thermal power station in Aichi prefecture. JERA plans to invest in renewable energy and new fuels.
BUSINESS / Companies
May 16, 2024

JERA to invest $32 billion in LNG, renewables and new fuels

JERA plans to phase out inefficient coal-fired thermal power by fiscal year 2030.
The new era of U.S.-Japan cooperation exemplifies a successful public-private collaboration crucial for maintaining a competitive edge in global technology, especially amid geopolitical tensions with China.
COMMENTARY / Japan
May 16, 2024

U.S.-Japan semiconductor alliance of the future

On the geopolitical side, the U.S.-Japan alliance is on one side of the equation, with China on the other and Taiwan in the middle.
Italian chef and restaurateur Massimo Bottura is increasingly focusing on passing on his knowledge to chefs such as Antonio Iacoviello.
LIFE / Food & Drink
May 18, 2024

Massimo Bottura: 'The Japanese let ingredients express themselves'

The renowned chef and restaurateur talks about passing on his legacy and the "transfer of emotions" involved in cooking a successful dish.
A residential area under development by Country Garden in Shanghai in February.
BUSINESS / Economy
May 17, 2024

Old for new: China's latest property market plan off to a poor start

More than 50 cities have launched their own versions of the "swap old for new" program.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
May 17, 2024

BOJ could raise rates as soon as June, ex-chief economist says

An increasing number of analysts have flagged the risk of a summer hike as the sinking yen raises the risks of the price trend moving higher.
In 2023, Bryan Eastlake (left) began a three-year contract with the local Takahama tourism association to write, post photos and otherwise promote the small town in northern Kyoto Prefecture to a wider audience.
COMMUNITY / Issues / The Foreign Element
May 20, 2024

The new vanguard of rural revitalization efforts in Japan

Currently, the Regional Revitalization Corps has around 200 foreign residents working in different industries around the country.
Rapidus Chairman Tetsuro Higashi speaks during an interview at the company's headquarters in Tokyo on Thursday.
BUSINESS / Companies
May 17, 2024

Rapidus 'last opportunity' to put Japan back on global chip map

Rapidus' chairman says "Japan is more than a decade behind others" in digital technology, adding that "it will require enormous money just to catch up."
Japan's first 7-Eleven convenience store (above) in Tokyo's Toyosu district on May 15, 1974, and the same store on Wednesday
BUSINESS / Companies
May 17, 2024

7-Eleven convenience store chain marks 50 years in Japan

Today, of the about 57,000 convenience stores in the country overall, more than 21,000 are from the 7-Eleven chain.

A 2010 study found that U.S. adults averaged 5,117 steps daily and that this was lower than the averages found in similar studies in Switzerland, western Australia and Japan.
COMMENTARY / World
May 17, 2024

America wasn’t made for walking, and it’s killing them

A 2010 study found that U.S. adults averaged 5,117 steps daily and that this was lower than the averages found in similar studies in Switzerland, western Australia and Japan.
A man rides a bicycle past an electronic screen displaying the yen exchange rate against the U.S. dollar and other foreign currencies in Tokyo earlier this month.
BUSINESS / Markets
May 18, 2024

Short yen wagers linger due to gap between U.S.-Japan rate paths

The gulf between Japan’s ultralow interest rate and U.S. rates stuck at a two-decade high is keeping the pressure on the yen.
People shop at a local traditional market in the early morning in Kinmen, Taiwan, on Saturday.
BUSINESS
May 18, 2024

For Taiwan shoppers, China's malls only a ferry ride away

More than 700,000 people made the journey between Kinmen and China by ferry last year, the vast majority of them Taiwanese.

Longform

An illustration features the Japanese signs for "ganbare" (good luck) and the Deaflympics, which will be held between Nov. 15 and 26.
A century of Deaf sport finds its moment in Tokyo