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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.
A staff member works at the animation studio Shake Hands in Kyoto on Jan. 24. The studio aims to provide job training and confidence to people with autism.
JAPAN / Society
May 5, 2024

Anime studio draws on talent of autistic artists

The groundbreaking initiative aims to provide job training and confidence to people with autism.
A man rides a scooter past apartment high rises under construction in Zhengzhou, China, in January 2019.
BUSINESS
Apr 30, 2024

Strained Chinese cities struggle to pay homebuying subsidies

Some local governments are unable to raise funds to pay promised subsidies, frustrating buyers and casting doubts over future support measures.
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week, according to a person familiar with the matter.
BUSINESS / Companies
May 1, 2024

Tesla axes most of supercharger team in blow to other automakers

The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week.
A worker organizes cannabis flowers before the opening of the first legal recreational marijuana dispensary, located in the East Village in the Manhattan borough of New York, on Dec. 29, 2022.
WORLD / Crime & Legal
May 1, 2024

Marijuana could be reclassified in U.S. as less dangerous

The rumored move would ease access to cannabis for patients and researchers studying its medical applications without decriminalizing it.
Wecars President and CEO Shinjiro Tanaka (center) at a news conference in Tokyo on Wednesday
BUSINESS / Companies
May 1, 2024

New firm formed to take over Bigmotor's operations

Wecars took over around 250 outlets and some 4,200 employees from Bigmotor, and its board of directors does not include former members of Bigmotor's board.
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
BUSINESS
May 1, 2024

Weak yen fattens tourist wallets in Japan

Spending per head soared 52% over the first three months compared with 2019.
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
BUSINESS / Markets
May 2, 2024

Yen swings stir talk that Japan is in the FX market once again

The yen advanced more than 3% and hit ¥153.04 per dollar as more than $4 billion of yen-related futures were exchanged.
U.S. Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington on Wednesday.
BUSINESS / Markets
May 2, 2024

U.S. market swings reveal inflation uncertainty ahead of key data

Some may be less likely to take the Fed chair at his word this time around after a dovish pivot in December was followed by months of upside surprises.
Although current FX interventions are not yet a significant concern for the U.S. Treasury market, large-scale interventions by major holders like Japan or China could pose risks in the future.
COMMENTARY
May 2, 2024

U.S. bonds brace for impact of Japan’s currency moves

Japan holds substantial dollar reserves, but if depleted, it might resort to selling U.S. bonds, though other measures would likely be considered first.
Attendees at the Leap technology conference in Riyadh, Saudi Arabia, on March 6, 202. The oil-rich country is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.
WORLD / Politics
May 2, 2024

‘To the future’: Saudi Arabia spends big to become an AI superpower

Saudi Arabia was long a financial spigot for tech, but is now building its own industry.
Yukio Tsunezuka holds a back issue of the Noto magazine in Kanazawa, Ishikawa Prefecture, on April 22.
JAPAN / Society
May 3, 2024

Local info magazine in quake-hit Noto region set for revival

The New Year's Day quake struck just as the latest edition was about to be printed.
Russian President Vladimir Putin looks through a helicopter window during his flight to the Novatek-Murmansk's Offshore Superfacility Construction Center in the village of Belokamenka, in Russia's Murmansk region, last July.
BUSINESS / ANALYSIS
May 5, 2024

How Western sanctions are strangling Putin’s Arctic gas ambitions

The Novatek PJSC-led Arctic LNG 2 facility is a key part of Moscow’s plans to boost exports and replenish coffers. But it has remained virtually idled.
A Palestinian girl holding a child is silhouetted against the lights of an oncoming car in Rafah, in the southern Gaza Strip, on Saturday amid the ongoing conflict between Israel and the Hamas militant group.
WORLD / Politics
May 5, 2024

Hamas official says group will not accept truce that does not end Gaza war

Qatari, Egyptian and U.S. mediators met a Hamas delegation in Cairo on Saturday in the latest bid to halt the fighting.
Automobiles charge at public electric vehicle charging stations in Paris on Feb. 14.
BUSINESS / Tech
May 6, 2024

France ramps up electric vehicle ambition as Xi arrives in Paris

The contract between the government, French business groups and unions aims for a fourfold increase in the sale of 100% EVs to 800,000 a year in 2027.

Longform

Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?