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The buzz surrounding MediaTek casts a spotlight on growing competition between semiconductor firms that are exploiting the use of AI to grab a larger share of the smartphone business.
BUSINESS / Tech
Nov 28, 2023

AI chip boom fuels Taiwan firm’s 40% rally, beating Qualcomm

A five-month rally in MediaTek looks set to extend as booming demand for smartphones and a promising new AI chip brighten the company’s outlook.
As a customer for Renault's combustion-engine venture, Nissan will receive gearboxes and engines for 12 of its plants.
BUSINESS / Companies
Dec 6, 2023

Nissan to buy engines and gearboxes from Renault-Geely venture

The step is part of a major revamp of the firms working together following years of growing tensions.
Since starting out as a venue for short, silly lip-syncing videos, TikTok has emerged as an incubator for consumer trends, with millions of people trying on clothes and reviewing products.
BUSINESS / Companies
Dec 13, 2023

TikTok Shop sees early success, taking aim at giant Amazon

In a sign of how seriously Amazon is taking TikTok, the company cut deals with Pinterest, Meta and Snapchat to let users shop without leaving those apps.
BUSINESS / Companies
Dec 21, 2023

Daihatsu offices raided after scandal halts all car shipments

The raid followed revelations that the carmaker and supplier had manipulated the results of various collision safety tests dating as far back as 1989.
Salesforce headquarters in San Francisco.
BUSINESS / Tech
Dec 29, 2023

Software companies finally had to care about profit in 2023

The pressure was acute for money-losing companies.
A banner for the World Economic Forum hangs on a building on the first day of the annual meeting in Davos, Switzerland, on Monday.
BUSINESS / Companies
Jan 16, 2024

Pre-Davos survey indicates CEOs' fears regarding AI and climate

Some 45% of more than 4,700 global CEOs surveyed do not believe their businesses will survive, barring significant changes, in the next 10 years.
The U.S. push to undermine Beijing’s semiconductor ambitions has increasingly singled out ASML, drawing the ire of the Dutch company's outgoing head Peter Wennink and some local lawmakers.
BUSINESS / Tech
Jan 26, 2024

ASML’s China sales surged despite secret Dutch deal with U.S.

The deal, which hasn’t been reported before, stumbled as ASML turned to Beijing to compensate for weak demand elsewhere.
Fujitsu has held more than £3.4 billion ($4.3 billion) of active contracts with parts of the British state while £1.4 billion of those were awarded after a 2019 court ruling which associated the firm with the wrongful prosecution of hundreds of local branch post office managers for theft and fraud.
BUSINESS
Feb 11, 2024

Fujitsu got £3.4 billion in U.K. contracts despite Post Office row

A committee said £1.4 billion of those contracts were awarded after a 2019 court ruling connected Fujitsu with hundreds of wrongful prosecutions.
Mark Zuckerberg, chief executive officer of Meta Platforms, arrives following a break during a Senate Judiciary Committee hearing in Washington on Jan. 31.
BUSINESS / Tech
Feb 27, 2024

Mark Zuckerberg meets with Kishida to discuss AI

The Meta Platforms CEO is in Japan as part of an Asia tour, during which he will also travel to South Korea and India.
Fox Chief Executive Officer Lachlan Murdoch
BUSINESS / Companies
Mar 5, 2024

Fox's Lachlan Murdoch targets 5 million subscribers for new sports venture

The streaming service will feature all of the sports programming from the three media giants, including ESPN, Fox Sports 1 and channels such as TNT.
BUSINESS / Economy
Mar 8, 2024

Japan Inc. set to offer bumper pay hikes, paving way for stimulus end

Economists see negotiations resulting in an average increase of around 3.9% in pay for union workers at major firms.
Rescuers clear debris from a multistory building heavily damaged following a drone strike, in Odessa, Ukraine, on March 3.
BUSINESS / FOCUS
Mar 10, 2024

The $1 trillion race to rebuild Ukraine is slowly getting going

Firms are boosting their presence in Ukraine, in anticipation of the conflict's end — and the biggest investment opportunity since at least World War II.
Paraguay Foreign Minister Rubén Ramírez Lezcano says that the free trade agreement to be negotiated between Tokyo and Mercosur would include goods and services, including agricultural products, which is very important for Japan.
BUSINESS / Economy
Mar 13, 2024

Mercosur ‘ready’ to resume FTA talks with Japan, Paraguay foreign minister says

The bloc is keen to expand ties with Asia as it seeks to boost trade and deepen economic integration with partners beyond the U.S., Europe and China.
A worker in the factory of Optimax Systems, in Ontario, New York on Thursday.
BUSINESS / Economy
Mar 18, 2024

Markets frustrated as Fed drops no hints on post-pandemic economy

With investors having to guess how they will respond, households and businesses are finding it harder to plan.
Visitors view a BYD Dolphin EV car at the 44th Bangkok International Motor Show in Bangkok in 2023.
BUSINESS / Companies
Mar 25, 2024

Chinese EV makers to take center stage at Bangkok motor show

The popularity of Chinese EVs in Thailand underscores the growing challenge Japanese auto giants face in a vehicle market they have long dominated.
Police escort Do Kwon from court in Podgorica, Montenegro, on Saturday.
BUSINESS / Companies
Mar 26, 2024

Terraform goes on trial as Do Kwon awaits extradition in Montenegro

The trial is the latest in a series of high-profile legal confrontations in which U.S. regulators seek to assert greater control over the crypto industry.
BUSINESS / Companies
Mar 29, 2024

'2024 problem' seen hitting regional logistics sectors hard

Overtime caps for truck drivers coupled with soaring fuel prices could put transport companies out of business, unless consignors agree to higher fees.
The Alphabet unit allegedly surreptitiously collected user browsing data when they were in "incognito" mode.
BUSINESS / Companies
Apr 2, 2024

Google agrees to delete web browsing data as it settles ‘incognito’ lawsuit

The case, filed in 2020, alleged that Google surreptitiously collected user's browsing history when they were in "incognito" mode.
Assembly engineers work on a lithography system at ASML in Veldhoven, Netherlands in June.
BUSINESS / Tech
Apr 5, 2024

Targeting Chinese chips, U.S. to push Dutch on ASML service contracts

The U.S.' export policy chief is set to meet in the Netherlands next Monday with officials from the Dutch government and ASML.
Prime Minister Fumio Kishida during his visit to TSMC's new plant in Kikuyo, Kumamoto Prefecture, on Saturday
BUSINESS / Companies
Apr 7, 2024

TSMC’s first Japan plant to hit 60% local procurement by 2030

Japanese officials are hoping TSMC’s arrival will help boost local suppliers’ technology and business.
Max Lange, 19, a plant mechatronics engineering trainee from Oederan, stands next to a solar panel rolling off the assembly line as part of the last production of solar modules at the Meyer Burger Technology AG plant, due to an announced closure of the plant, in Freiberg, Germany, on March 12.
BUSINESS / Economy
Apr 16, 2024

Lacking support in battle with China, European solar firms head to U.S.

This week the European Commission has launched a voluntary charter for governments and companies to sign in support of solar manufacturing plants.
Japan's Fair Trade Commission may take administrative action against Google over its digital advertising business.
BUSINESS
Apr 16, 2024

Japan FTC may take administrative action against Google

The FTC suspects that Google is unfairly restricting transactions on Yahoo Japan and messaging app Line, in violation of Japan's antimonopoly law.
Many U.S. lawmakers from both the Republican and Democratic parties and the Biden administration say TikTok poses national security risks because China could compel the company to share the data of its 170 million U.S. users.
BUSINESS / Tech
Apr 22, 2024

TikTok braces for U.S. divest-or-ban law — and a fresh legal fight

The legislation has been fast-tracked and tied to a crucial aid package for Ukraine and Israel, which the Senate is set to vote on in the coming days.
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.
The Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong on March 14. Dealmakers say a lot more than words is needed to revive Hong Kong’s weakest IPO market since the global financial crisis.
BUSINESS / Markets
Apr 29, 2024

China’s new plan to boost Hong Kong IPOs faces major hurdles

Pipeline of IPOs expected to remain feeble while valuations are low, China’s economic outlook is poor, and foreign investors remain distrustful of Beijing.
Tatsufumi Shibata, deputy director-general at the Financial Services Agency, is pushing for greater disclosure by companies of their cross-shareholding practices.
BUSINESS
May 2, 2024

Japan suspects firms are evading disclosure of cross-shareholdings

Some companies are thought to be masking cross-shareholdings as being owned for purely trading purposes.
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.
Over 300 companies went out of business in fiscal 2023 due to labor shortages, according to Teikoku Databank.
BUSINESS / Economy
May 6, 2024

Japan's labor crunch persists despite slight improvement

Companies involved in IT engineering fared the worst, with more than 7 in 10 saying they didn't have enough workers and had to resort to forgoing projects.
SoftBank Group is in talks to acquire Graphcore, a struggling British semiconductor startup.
BUSINESS / Companies
May 9, 2024

SoftBank said to be in talks to buy troubled AI chip firm Graphcore

Graphcore reported just $2.7 million in revenue for 2022, a 46% drop from the prior year, according to its latest financial report.
U.S. President Joe Biden speaks about new actions to protect American workers and businesses from China's "unfair" trade practices, in the Rose Garden of the White House in Washington on Tuesday.
BUSINESS / Economy / ANALYSIS
May 15, 2024

Who’s toughest on China? Biden’s tariff tactic ups ante as election looms.

U.S. president is seen to be trying to "outtrump Trump" to appeal to voters who worry about geopolitical competition or hold anti-China sentiments.

Longform

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