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Nippon Steel has dropped a civil lawsuit filed in the United States related to its acquisition of United States Steel after a successful settling of the takeover deal.
BUSINESS / Companies
Sep 4, 2025

Nippon Steel drops civil lawsuit related to U.S. Steel buyout

The Japanese steelmaker had sued U.S. peer Cleveland-Cliffs, its CEO, and the head of a steel union over what it alleged were illegal acts to prevent the buyout.
The Finance Ministry building in Tokyo's Kasumigaseki district
BUSINESS
Sep 4, 2025

Government agencies' fiscal 2026 budget requests hit record

The total requested amount rose sharply from ¥117.6 trillion in the previous year to ¥122.4 trillion.
Bob Mumgaard, CEO of Commonwealth Fusion Systems, says the U.S. firm wants to deploy a reactor in Japan in the late 2030s or early 2040s.
BUSINESS / Companies
Sep 4, 2025

Nvidia-backed U.S. atomic fusion firm eyes reactor in Japan

Commonwealth Fusion Systems, which raised $863 million from investors including Nvidia, said it has been in talks with Japanese government officials on the use of its technology.
A staff member works in the lab of Hobum Oleochemicals, a manufacturer that develops sustainable chemical raw materials derived from renewable plant oils, in Hamburg, Germany, on Aug. 25.
BUSINESS / Markets
Sep 4, 2025

Trump's tariffs threaten to choke European chemicals recovery

The sector has been grappling in recent years with high production costs after gas and power prices soared following Russia's invasion of Ukraine.
Bhumjaithai Party leader Anutin Charnvirakul attends a press conference after securing the backing of opposition People's Party to serve as Thailand's next prime minister, in Bangkok on Wednesday.
ASIA PACIFIC / Politics
Sep 4, 2025

Thai prime minister frontrunner gets chance at leadership after six years

The rise of conservative politician Anutin Charnvirakul, who said he's been ready to be prime minister since 2019, is a testament to patience and savvy coalition building.
Pakistani soldiers ferry flood-affected villagers evacuated by boat from the Muzaffargarh district in the country's Punjab province on Wednesday.
BUSINESS
Sep 4, 2025

Pakistan's latest floods compound grim reality of climate finance shortfall

Less-developed countries that contribute minimally to climate change bear the brunt of its impacts as funding pledges by advanced, higher-emitting countries fail to be fulfilled.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past