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Korea Zinc Chairman Yun B. Choi, a grandson of a co-founder, last week agreed to scrap a controversial plan to issue new shares in the zinc refiner to help fend off a takeover attempt.
BUSINESS / Companies
Nov 21, 2024

Korea Zinc takeover battle tests Seoul's resolve on tackling 'Korea discount'

South Korean firms tend to have lower valuations compared to their overseas peers due to low dividend payouts and the dominance of family-run conglomerates.
A waterway along a portion of the Mekong River where a groundbreaking ceremony took place to begin construction on the Funan Techo Canal, in Prek Takeo, Cambodia, in October.
ASIA PACIFIC
Nov 23, 2024

Cambodia's flagship canal in hot water as China funding dries up

Months after a groundbreaking ceremony for a major canal project in Cambodia, touted investments from China are in doubt.
Dai Nippon Printing said that Elliott Investment Management looks to have substantially reduced its position in the company.
BUSINESS / Companies
Nov 25, 2024

Dai Nippon Printing says Elliott has sold most of its stake

Elliott has been active in Japan this year, investing in Tokyo Gas, Sumitomo, SoftBank Group and Mitsui Fudosan.
Prime Minister Shigeru Ishiba addresses a meeting at the Liberal Democratic Party headquarters on Thursday to discuss political reform.
JAPAN / Politics
Nov 25, 2024

Corporate donations remain sticky point in political reform talks

The opposition wants such donations banned but the ruling coalition maintains that a ban would curtail the political freedom of the private sector.
Former Lower House member Masatoshi Akimoto (center) enters the Tokyo District Court in Tokyo's Chiyoda Ward on Monday.
JAPAN / Crime & Legal
Nov 25, 2024

Former Japanese lawmaker Masatoshi Akimoto denies accepting bribes

Akimoto said that he received the payment in question, but added that the money was "neither a reward for a job nor a benefit."
Hiromi Yamamoto
ESG CONSORTIUM
Nov 25, 2024

Oji seeks optimal approaches to nurturing and utilizing forests

Oji Holdings, Japan’s leading paper maker, owns and manages 635,000 hectares of forests across the globe. Forest resources — for wood, paper and wood-derived materials or for biomass power generation — are attracting increased attention as sustainable resources. However, their sustainability hinges...
Hyogo Gov. Motohiko Saito, speaking to reporters in Tokyo on Monday, denies alleged election law violations.
JAPAN / Politics
Nov 26, 2024

Embattled Hyogo governor denies alleged election law violation

Embattled Gov. Motohiko Saito admitted Monday that he paid a PR agency to produce campaign posters, but he denied violating election law.
Wall Street is rotating out of the chip sector, put off by stretched valuations and trade war-related risks under Donald Trump.
BUSINESS / Tech
Nov 27, 2024

Software is in, chips are out as traders position for Trump era

Software has been on an upswing given its lower exposure to tariff risks, and as the tailwind from AI looks set to shift from infrastructure to services.
From late 2025, platforms including Meta's Instagram, Elon Musk's X, TikTok and Snapchat must show Australians they are taking reasonable steps to keep out users under 16 or face fines up to 49.5 million Australian dollars ($32 million).
ASIA PACIFIC / Crime & Legal / ANALYSIS
Nov 29, 2024

Australia looks for ways to enforce its teen social media ban

From late 2025, social media platforms including Instagram, X, TikTok and Snapchat must show Australians they are taking reasonable steps to keep out users under 16.
Tokyo Electric Power Company Holdings' Fukushima No. 1 nuclear power plant
JAPAN
Nov 29, 2024

Tepco eyes second test removal of Fukushima nuclear fuel debris

As in the previous test, the operator plans to use a fishing rod-shaped device to remove the debris.
In an interview in Tokyo with the BBC that was published on Thursday, Fast Retailing CEO Tadashi Yanai said the company does not source cotton from China's Xinjiang region.
BUSINESS / Companies
Nov 29, 2024

Uniqlo criticized in China after CEO says retailer does not use Xinjiang cotton

Tadashi Yanai, the CEO of Uniqlo owner Fast Retailing, said it does not source cotton from the region, which has faced allegations of forced labor.
The Nikkei stock average outside a brokerage in Tokyo in late October.
BUSINESS / Markets
Nov 30, 2024

Japan companies boosting benefits for long-term shareholders

Behind the move are growing calls for listed companies to reward shareholders more through measures including dividend hikes.
Sauber's Valtteri Bottas during a practice session for the Qatar Grand Prix. Audi will take over the Sauber team when it enters Formula One in 2026.
MORE SPORTS / Auto Racing
Nov 30, 2024

Audi's deal with Qatar deepens Formula One's Gulf ties

Four of the current 24 races are in the Middle East — more than the number held in the United States.
Lower House member Hiroaki Tabata holds a news conference on Friday in Toyama.
JAPAN / Politics
Nov 30, 2024

LDP member reportedly tried to hide membership scandal

Hiroaki Tabata admitted during a news conference Friday night that his office had signed people up for LDP membership without their consent.
Carlos Tavares, Chief Executive Officer of Stellantis, speaks at the Paris Automotive Summit during the Paris Auto Show on Oct. 15.
BUSINESS / Companies
Dec 2, 2024

Stellantis CEO Tavares quits and hands over to interim committee

The company said in a statement that a new CEO will be named in the first half of 2025, with an interim committee headed by Chairman John Elkann taking the reins for now.
Nomura Holdings plans to rebuild its IT architecture, promote digitalization and automation as well as review office locations as the company tightens its belt.
BUSINESS / Companies
Dec 2, 2024

Nomura CEO to seek $186 million in extra cost reductions

The move highlights Nomura Holdings' continued focus on curbing expenses even as earnings rebound.
Nissan Motor vehicles bound for shipment at the Nissan Oppama wharf in Yokosuka, Kanagawa Prefecture.
BUSINESS / Companies
Dec 3, 2024

Nissan is awash in outdated models as car buyers look elsewhere

While Japan’s other major carmakers take six months or more to ship a new vehicle, many of Nissan’s most popular models can be delivered within a month or two.
Customers walk past an Apple logo inside of an Apple store in New in 2018.
BUSINESS / Companies
Dec 3, 2024

Apple accused of silencing workers, spying on personal devices

Apple is also facing at least three complaints from a U.S. labor board
War Tours co-founder Dmytro Nykyforov stands next to a destroyed Russian tank at a tank graveyard during a tour near Dmytrivka village, outside Kyiv, on Nov. 7.
WORLD
Dec 3, 2024

Ukraine sees influx of Western war tourists

Ukraine's destroyed Irpin brige, blown up to stop Russian troops in 2022, is now one of many hotspots for thrill-seeking tourists visiting the country.
A grapnel, used to retrieve cables, on the deck of the Leon Thevenin in Cape Town on April 30. In a wireless world, it is easy to forget the all-too-real cables that snake across the turbulent ocean floor — until they snap.
WORLD
Dec 4, 2024

When undersea cables break, a wireless world’s vulnerability is exposed

Landslides, a ship dragging its anchor, military skirmishes and sabotage can all damage cables.
Miho Nakayama rose to stardom in 1985 after the release of her first single “C,” which established her popularity as an idol.
CULTURE
Dec 9, 2024

Miho Nakayama, known for 'Love Letter' and her music, dies at 54

Nakayama had a solo Christmas show scheduled in Osaka on Friday, but had canceled the show in the morning, citing health reasons.
Starbucks Coffee Japan will replace paper straws with plant-based biomass plastic straws from next month.
BUSINESS / Companies
Dec 6, 2024

Starbucks in Japan to ditch paper straws for plant-based biomass plastic in 2025

The coffee company says the new straws are fully biodegradable in seawater and soil, and will not soften like paper ones.
A Ukrainian serviceman wipes a mirror at an outdoor washbasin near the Kharkiv region in November.
WORLD
Dec 7, 2024

In Ukraine, more and more exhausted soldiers abandon their posts

Since 2022, Ukraine opened nearly 96,000 criminal cases against servicemen who abandoned their positions since Russia’s invasion.
Chugoku Electric Power Company's Shimane nuclear power plant
JAPAN
Dec 7, 2024

Chugoku Electric restarts Shimane reactor for first time in 13 years

The long-delayed restart of the reactor, which was shut down in January 2012, boosts the number of Japan's operational reactors to 14.
A low pressure storm system known as a "bomb cyclone" moves off the coast of the U.S. Pacific Northwest and western Canada in a composite satellite image on Nov. 20.
WORLD / Science & Health
Dec 7, 2024

Google introduces AI agent that aces 15-day weather forecasts

They report that their new model can, among other things, outperform the world’s best forecasts meant to track deadly storms and save lives.
A variety of rice cookers at a home appliance store
JAPAN / Regional Voices: Tohoku
Dec 16, 2024

Companies rush to high-end rice cookers as consumer tastes change

Appliance-makers are working with rice growers to boost demand, as well as debuting products that focus on flavor and features.
Police officers reinvestigate a Tobu Tojo Line railroad crossing in Tokyo's Itabashi Ward on Dec. 27, 2023, after a man was fatally hit by a train weeks earlier.
JAPAN / Crime & Legal
Dec 9, 2024

Tokyo police arrest four men on suspicion of staging colleague’s suicide

They allegedly coerced the 56-year-old victim into standing on railway tracks where he went on to be fatally struck by a train.
A TikTok creator and advocate wears a button showing support outside of the U.S. Court of Appeals on Sept. 16 in Washington, D.C.
BUSINESS / Tech
Dec 9, 2024

‘It’s for real this time’: TikTok creators react to potential ban

Many of TikTok’s users seemed to have only just begun to grasp that the app could be on its last legs in this country.
A defaced mural of Sheikh Hasina, the ousted prime minister of Bangladesh, in Dhaka on Nov. 5. The new governor of Bangladesh’s central bank, Ahsan Mansur, calculates that about $17 billion was siphoned from the country’s financial system in the 15 years before Hasina's government collapsed in August.
ASIA PACIFIC / Crime & Legal
Dec 9, 2024

How the Bangladesh economy was siphoned dry

Some economists guess that the true value looted during Sheikh Hasina’s rule before she fled the country could exceed $30 billion, but no one can say for sure.
Surging development costs, supply chain issues and higher inflation have heavily weighed on the offshore wind sector in recent years.
BUSINESS / Companies
Dec 9, 2024

BP and JERA to combine offshore wind operations in joint venture

The 50-50 venture, called JERA Nex BP, will include operating assets and development projects with a potential generation capacity of 13 gigawatts.

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Ichiro Suzuki, one of the most iconic players in NPB and MLB history, was elected to the Baseball Hall of Fame with 99.7% of the vote.
With Hall of Fame induction, Ichiro makes himself heard loud and clear