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Speculation has been swirling for months over the fate of Ito-Yokado, which was Seven & I's original retail franchise before it bought 7-Eleven and turned it into a large, successful business.
BUSINESS / Companies
Apr 10, 2024

Seven & I set to split 7-Eleven from original Ito-Yokado stores

Ito-Yokado was the company’s original franchise before it bought 7-Eleven and turned it into a successful business.
Puma launches a new brand campaign with Olympic athletes in Paris on Wednesday.
OLYMPICS
Apr 10, 2024

Puma hones focus on speed in Olympic battle with Adidas and Nike

As Puma tries to win over more everyday and serious runners, its sponsorship of Jamaica's Olympic team helps to associate the brand with speed.
Chinese President Xi Jinping applauds at the closing session of the National People's Congress at the Great Hall of the People in Beijing on March 11.
ASIA PACIFIC / Politics
Apr 10, 2024

Xi says nobody can stop 'family reunion' with Taiwan

Xi said that people on both sides of the Taiwan Strait are Chinese.
Prime Minister Fumio Kishida arrives for a tour of a new Toyota battery factory in Liberty, North Carolina, on Friday.
JAPAN / Politics
Apr 13, 2024

Kishida touts U.S. visit success, saying snap election not on his mind

The prime minister, who is due to fly back on Saturday, will be hoping the diplomatic success can translate into a bump in his low approval ratings.
Finance Minister Shunichi Suzuki warns he’s ready to take action in the foreign exchange market after the yen fell further past ¥154 to the dollar.
BUSINESS / Markets
Apr 16, 2024

Japan’s tepid warning on yen fuels renewed weakness ahead of IMF

The finance minister’s comments come after the yen set a fresh 34-year low of ¥154.45 following stronger than expected U.S. retail sales figures.
Hideyuki Sakamoto, executive vice president for manufacturing and supply chain management at Nissan, speaks during a media briefing at the company's plant in Yokohama on Tuesday.
BUSINESS / Companies
Apr 16, 2024

Nissan looks to Tesla’s style of carmaking to build cheaper EVs

The carmaker will use machines with about 6,000 tons of force to make the rear floors of EVs to be sold from fiscal 2027 onward.
Tesla's troubles started in October when it warned that demand for EVs was starting to slow, but the full extent of that weakness only became apparent this month.
BUSINESS / Companies
Apr 17, 2024

Tesla’s value dips below $500 billion in blow to stock bulls

The electric vehicle maker's troubles started in October when it warned that demand for EVs was starting to slow.
An electronic board shows stock indexes at the Lujiazui financial district in Shanghai on March 21, 2023.
BUSINESS / Companies
Apr 17, 2024

China's money managers lament loss of quality research amid analyst cutbacks

A prolonged market slump has reduced trading commissions as authorities tighten limits around what research analysts are allowed to publish.
In the new Disney+ series “House of the Owl,” Min Tanaka (left) plays a powerful political fixer, or “kuromaku,” who has a troubled relationship with his adult children, particularly his idealistic son, played by Mackenyu.
CULTURE / TV & Streaming
Apr 18, 2024

'House of the Owl' brings Hollywood values to Japanese TV

Min Tanaka plays a powerful political fixer in the 10-episode show, which centers on the behind-the-scenes machinations of "kuromaku."
Russian President Vladimir Putin and Iranian President Ebrahim Raisi during the signing of the Rasht-Astara railway agreement in May 2023.
WORLD / Politics
Apr 18, 2024

New 'sanctions-proof' transport routes put Russia at heart of global trade

Shipping and rail networks via Iran and an Arctic sea passage could strengthen Moscow’s pivot toward China and India and away from Europe.
South Korean officials count ballots following a parliamentary election on April 10. President Yoon Suk-yeol’s conservative bloc is set for a major setback in a vote for a new parliament, exit polls showed, likely meaning he will be in a weak position for the remaining three years of his term and face political gridlock.
ASIA PACIFIC / Politics
Apr 18, 2024

Billionaire families lose hope for tax cut after Korean vote

South Korea’s regular maximum inheritance levy of as much as 50% is the second-highest among members of the OECD, after 55% in Japan.
Ideal or not, the reality of the world is that one currency, the U.S. dollar, is first among equals.
COMMENTARY / World
Apr 18, 2024

Asian currencies can't fight the dollar on a rampage

Markets tend to reflect economic performance. And ideal or not, the reality of a world is one currency, the U.S. dollar, is truly first among equals.
Manga titles that have been uploaded onto Manga-Mura, a manga piracy website, on display in Tokyo in 2022
JAPAN / Crime & Legal
Apr 18, 2024

Manga piracy website operator ordered to pay ¥1.7 billion to publishers

Kadokawa, Shueisha and Shogakukan said they hoped the lawsuit would help deter other manga piracy site operators from uploading content illegally.
Iran is now enriching uranium to up to 60% purity and has enough material enriched to that level, if enriched further, for two nuclear weapons, according to the International Atomic Energy Agency's theoretical definition.
WORLD / Politics / EXPLAINER
Apr 19, 2024

As the 2015 nuclear deal crumbles, how close is Iran to weaponization?

With the possibility of Israel retaliating, a senior Iranian Revolutionary Guard commander said the nation might review its "nuclear doctrine."
U.S. President Joe Biden speaks as he announces a preliminary agreement with Intel for a major CHIPS and Science Act award, during a visit to the Intel Ocotillo Campus in Chandler, Arizona, on March 20.
BUSINESS / Tech / ANALYSIS
Apr 19, 2024

Latest Biden chip deal highlights U.S. semiconductor successes

Samsung is the latest beneficiary of Washington’s efforts to shore up precarious supply chains and protect its national security interests.
Finding capital needed to start a business can be challenging. But for many women in the Global South, it’s not just difficult — it’s often impossible.
COMMENTARY / World
Apr 16, 2024

Women entrepreneurs could make the world $6 trillion richer

When a woman walks through the door with a good idea, a smart business plan and a dream to improve her future, lenders too often see only risk.
Boxes of mRNA vaccines against COVID-19 developed by Walvax Biotechnology and Abogen Biosciences
ASIA PACIFIC / Science & Health / FOCUS
Apr 20, 2024

China's drugmakers can't sell mRNA shots but haven't quit yet

While Chinese firms are pursuing new targets for the novel messenger RNA technology, they face a tough path, crimped by a lack of revenue.
Ukrainian service members fire a multiple launch rocket system toward Russian troops. Since Russia’s invasion of Ukraine two years ago, arms manufacturers have experienced something of a reversal of fortune.
BUSINESS / Companies
Apr 20, 2024

Defense companies are luring Germany’s struggling autoworkers

Since Russia’s invasion of Ukraine two years ago, arms manufacturers have experienced something of a reversal of fortune.
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing in May last year.
BUSINESS / Tech / ANALYSIS
Apr 22, 2024

Elon Musk’s robotaxi dreams plunge Tesla into chaos

The idea of creating an autonomous taxi service has been kicking around Tesla for at least eight years.
Home electric vehicle chargers during the Montreal Electric Vehicle Show in Quebec, Canada, on Friday. Prime Minister Justin Trudeau is offering more tax breaks to automotive firms to put their electric vehicle factories in Canada.
BUSINESS / Companies
Apr 22, 2024

Honda nears deal with Canada to boost electric vehicle capacity

The auto sector is particularly important to Ontario, Canada’s largest province by population and home to assembly plants.
Yum China, which operates KFC and Pizza Hut, plans to add more than 5,000 outlets by 2026 with more than 50% of them outside megacities.
ASIA PACIFIC / Society
Apr 23, 2024

China’s small towns thrive as more opt out of demanding megacity life

As an economic downturn in China’s biggest cities prompts layoffs and competition for remaining posts, many are finding a better quality of life elsewhere.
An employee prepares to place a mortar into a box at an arms production facility in an undisclosed location in Ukraine.
BUSINESS / Companies / FOCUS
Apr 23, 2024

Cash shortages and attacks take toll on Ukraine's growing arms sector

Firms are struggling to fund production and secure long-term deals, and all are concerned about being targeted in intensifying Russian missile strikes.
Chinese President Xi Jinping’s government has so far shown restraint in responding to a drumbeat of U.S. trade curbs, but driving TikTok out of the U.S. could challenge that calibration.
WORLD / Politics
Apr 25, 2024

TikTok ultimatum puts U.S. firms in firing line for China response

Legislation approved on Wednesday would give parent company ByteDance nearly a year to divest the video-sharing platform before facing an outright ban.
Marinos players celebrate after winning a shootout against Hyundai on Wednesday to advance to the Asian Champions League final.
SOCCER
Apr 25, 2024

Marinos edge Ulsan in thriller to reach first Asian Champions League final

Marinos won a pulsating semifinal that ended 3-3 on aggregate to reach the Asian Champions League final for the first time.
Exporters will be helped both by the stronger dollar, and also by their exposure to the U.S. economic resilience.
BUSINESS / Markets
Apr 25, 2024

Dollar wrecking ball forces investors to seek cover in exporters

Those with significant dollar earnings are set for a windfall, with major beneficiaries including heavyweight Asian chipmakers.
Masahiro Moro, CEO of Mazda Motor, speaks next to EZ-6 electric vehicles during the Beijing Auto Show in Beijing on Thursday.
BUSINESS / Companies
Apr 25, 2024

Nissan and Mazda roll out new models for China as they aim for comeback

The models, including some concept cars, were introduced at the Beijing Auto Show.
Canadian Prime Minister Justin Trudeau (left), Honda CEO Toshihiro Mibe (center) and Ontario Premier Doug Ford walk in the company's automotive assembly plant in Alliston, Ontario, on Thursday.
BUSINESS / Companies
Apr 26, 2024

Honda to spend $11 billion on electric vehicle strategy in Canada

The move is meant to tap long-term demand in North America and pushes the automaker toward having electrified cars account for 100% of sales by 2040.
A key aspect of AI technology that is often forgotten is that it requires an enormous amount of energy to develop and run. And that’s where utilities come in.
BUSINESS / Tech / FOCUS
Apr 28, 2024

AI boom’s secret winners? The companies expected to power it

Across the U.S., utilities are preparing for historic increases in electricity demand led by data centers and AI.
Tesla CEO Elon Musk attends a conference in Paris last June.
BUSINESS / Companies
Apr 28, 2024

Tesla CEO Elon Musk kicks off surprise trip to Beijing

Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving software in China.
The U.S. should use diplomacy to achieve a cease-fire in Ukraine as a prolonged conflict could reshape global power dynamics and strengthen China.
COMMENTARY / World
Apr 28, 2024

Biden's focus on Ukraine risks Indo-Pacific security

The U.S. should use diplomacy to achieve a cease-fire in Ukraine, as a prolonged conflict could reshape global power dynamics and strengthen China.

Longform

A sinkhole in Yashio, which emerged in January, was triggered by a ruptured, aging sewer pipe. Authorities worry that similar sections of infrastructure across the country are also at risk of corrosion.
That sinking feeling: Japan’s aging sewers are an infrastructure time bomb