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The Saudi Aramco logo at the Hyvolution exhibition in Paris on Feb. 1
BUSINESS / Companies
Oct 16, 2024

Aramco cancels Saudi chemical project as it focuses on Asia

Aramco is pursuing a series of deals in China that would guarantee long-term demand for Saudi crude.
The Taiwan Semiconductor Manufacturing Co. logo at the TSMC Museum of Innovation in Hsinchu, Taiwan, on May 29. Analysts say TSMC's longer-term outlook, which hinges on demand for the high-end chips used to train and host artificial intelligence models, should remain intact.
BUSINESS / Tech
Oct 17, 2024

TSMC bulls expect strong results to support record-high shares

TSMC is seen as more resilient than its key equipment supplier, ASML Holding, whose outlook cut sparked a slide in global chip stocks.
James Gorman, who was named to the Disney board this year and later put in charge of succession planning, will become Disney’s chairman on Jan. 2, 2025, the company said.
BUSINESS / Companies
Oct 22, 2024

Disney taps Morgan Stanley's Gorman as chair and will name CEO Iger's replacement in 2026

Morgan Stanley veteran James Gorman will become chairman of Disney's board on Jan. 2, and will lend a helping hand in the decision-making process.
Trump has threatened blanket 60% tariffs on China, forcing some companies to consider shifting their supply chains to Southeast Asia.
BUSINESS
Oct 23, 2024

China's exporters run for cover as U.S. election nears

A Trump trade war 2.0 would be a moment of reckoning for many Chinese exporters, whose profits are dwindling under heavy deflationary pressure.
The Xiaomi SU7 Ultra on stage during its launch in Beijing on Tuesday. The Chinese tech company made its foray into the EV industry earlier this year.
BUSINESS / Companies
Oct 30, 2024

Xiaomi launches faster version of flagship EV in a challenge to Tesla

Xiaomi entered China's crowded EV market in March with the launch of its hit SU7.
The IFC One Saigon building in Ho Chi Minh City, Vietnam, on Nov. 30, 2023
BUSINESS / Tech
Nov 4, 2024

U.S. tech firms issue warning over Vietnam's planned data law

The country is aiming to exponentially increase its data center industry with foreign investment in coming years.
People line up outside an Apple store in Beijing on Sept. 20.
BUSINESS / Markets
Nov 4, 2024

Buffett keeps cutting Apple stake, with value down 60% this year

Berkshire cut its Apple holdings by roughly 25% in the period, after cutting it by almost half in the second quarter.
U.S. President Donald Trump signs one of five executive orders related to the oil pipeline industry in the Oval Office of the White House in Washington on Jan. 24, 2017.
BUSINESS / Markets
Nov 7, 2024

From oil to EVs, here’s how Trump’s victory affects energy

The prospect of a Trump-era pullback from some policies promoting emission-free energy has already helped spark a slide in shares of renewable power firms.
NAND flash memory maker Kioxia plans to use a new method for listing in Japan that would fast-track its oft-delayed initial public offering. Both the price and size of the stake to be floated were undecided, according to a filing Friday.
BUSINESS / Tech
Nov 9, 2024

Kioxia files for long-delayed IPO as Samsung’s lead grows

The NAND flash memory maker plans to debut on the Tokyo Stock Exchange between this December and June next year.
Chinese President Xi Jinping and Indonesian President Prabowo Subianto shake hands during a signing ceremony at the Great Hall of the People in Beijing on Friday.
BUSINESS / Tech
Nov 11, 2024

China and Indonesia ink $10 billion deals on green energy and tech

President Prabowo Subianto also chose China for his first visit as president elect, underscoring Jakarta's commitment to stronger strategic ties with Beijing.
Chinese leader Xi Jinping reviews an honor guard upon his arrival for the Asia-Pacific Economic Cooperation forum in Callao, Peru, on Thursday.
BUSINESS / Economy
Nov 16, 2024

Xi seizes role as global defender of free trade against Trump

China’s leader warned on Friday that the global economy was fracturing as protectionism spreads, leading to "severe challenges.”
Nissan CEO Makoto Uchida
BUSINESS / Companies
Nov 22, 2024

Nissan’s overly ambitious goals fuel investor and supplier distrust

Nissan’s latest outlook downgrade has shined a light on the Japanese carmaker’s tendency to overpromise and underdeliver.
The private equity landscape is rapidly changing in Japan, where more than $12 billion in such transactions have been announced this year, after reaching a record in 2023.
BUSINESS / Markets
Nov 22, 2024

KKR-Bain brawl worth $4 billion highlights Japan private equity boom

The saga shows how fast the private equity landscape is changing in Japan, where more than $12 billion in such transactions have been announced this year.
The Northvolt facility in Skelleftea, Sweden.
BUSINESS / Companies
Nov 23, 2024

Northvolt crisis may be make or break for Europe's EV battery ambitions

Europe's biggest hope for an electric vehicle battery champion filed for bankruptcy protection on Thursday after talks for funding failed.
Fujikura's headquarters in Tokyo's Koto Ward. The company's share price has surged by more than 400% this year.
BUSINESS / Companies
Nov 25, 2024

AI boom makes 139-year-old cable maker Japan’s hottest stock

Fujikura, which makes narrow wire cabling, is the best performer on the Nikkei stock index this year due to a boom in demand for data centers.
An Iranian woman, in her house in Tehran while the electricity is cut off due to energy savings in 2021
BUSINESS / Companies
Nov 27, 2024

Iran's businesses bear brunt of daily power blackouts

Iran, despite holding some of the world's largest natural gas and oil reserves, has grappled with massive energy shortages in recent months.
Panasonic CEO Masahiro Shinada (far right) and others cut the ribbon at the unveiling of a facility to be run solely on renewable energy in Cardiff, Wales, on Tuesday.
BUSINESS
Dec 4, 2024

Panasonic plant in U.K. to go fully renewable

The firm has installed a system to generate power using green hydrogen, produced without causing carbon dioxide emissions.
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.
Nissan CEO Makoto Uchida and Honda CEO Toshihiro Mibe during a news conference in Tokyo on Monday
BUSINESS / Companies / ANALYSIS
Dec 25, 2024

Will Honda-Nissan tie-up deliver synergies in time to counter China?

Honda CEO Toshihiro Mibe has said the companies need to build up capabilities by 2030 or face being "beaten," but analysts question whether they have that much time.
The U.S. Treasury Department said Monday that a Chinese state-sponsored actor was behind a hack resulting in access to some of its workstations earlier this month, according to a letter to Congress.
BUSINESS
Dec 31, 2024

U.S. Treasury says it was breached by Chinese hackers in 'major' incident

The hackers were able to remotely access certain Treasury workstations and "certain unclassified documents maintained by those users.”
A Tesla Cybertruck
BUSINESS / Companies
Jan 3, 2025

Tesla annual deliveries fall for first time as incentives fail to drum up demand

CEO Elon Musk had earlier predicted "slight growth" in 2024 deliveries and offered a range of promotions including interest-free financing and free fast-charging to boost sales.
Sumitomo Mitsui Banking Corp., Nomura Holdings Inc. and SBI Holdings Inc. are among at least 20 companies that have invested in X&KSK Fund, which is set up by former national soccer star Keisuke Honda.
BUSINESS / Companies
Jan 3, 2025

Soccer star Honda’s venture capital AI fund raises $98 million

Keisuke Honda, who has scored goals in three World Cups, seeks to create a so-called decacorn in Japan — a closely held company with a market value of more than $10 billion.
Nissan's Ariya electric crossover sport utility vehicle on the production line at the company's plant in Kaminokawa, Tochigi Prefecture
BUSINESS / Companies
Jan 7, 2025

Japan’s carmakers vow closer ties to regain ground in China

Japan’s automakers are united in their struggle to regain ground they’ve lost to the flashy offerings that have turned China into a global EV superpower.
A television screen displays a news report on South Korean President Yoon Suk Yeol, inside a restaurant in Seoul on Dec. 28. 2024
BUSINESS / Economy
Jan 23, 2025

South Korea’s economy struggles to grow amid political crisis

The anemic quarterly growth figure points to an economy already in a weakened state, with the prospect of tariffs clouding the outlook for exports, a key engine of growth.
The Yangshan Deepwater Port in Shanghai on Jan. 20. China's Finance Ministry said it would impose levies of 15% for U.S. coal and LNG and 10% for crude oil, farm equipment and some autos.
BUSINESS / Economy
Feb 4, 2025

China hits back with tariffs on U.S. goods after Trump imposes new levies

Trump on Monday suspended his threat of 25% tariffs on Mexico and Canada at the last minute, but there was no such reprieve for China.
OpenAI CEO Sam Altman is greeted by Kakao CEO Chung Shi-na during a press conference to announce partnerships on AI services in Seoul on Tuesday.
BUSINESS / Tech
Feb 4, 2025

OpenAI to deepen services within South Korea’s largest chat app

"We are particularly interested in AI and messaging," OpenAI CEO Sam Altman told a press conference he held with Kakao CEO Chung Shi-na in Seoul.
Panasonic, whose sprawling operations include hairdryers, PCs and lithium-ion batteries used by the likes of Tesla, will restructure or streamline businesses with low growth potential, according to a statement released on Tuesday.
BUSINESS / Companies
Feb 4, 2025

Tesla supplier Panasonic to cut costs to support shift into AI

One target may be the company’s long-standing TV operations.
Toyota is investing in increased capacity for electric vehicles and has unveiled plans to establish a subsidiary in Shanghai.
BUSINESS / Companies
Feb 5, 2025

Toyota raises annual profit guidance despite quarterly income drop

The automaker now expects a profit of ¥4.7 trillion ($31 billion) for the fiscal year ending March, up from its previous forecast of ¥4.3 trillion.
Panasonic will restructure low-growth businesses and make changes to its employment structure, according to a recently released statement.
BUSINESS / Companies
Feb 5, 2025

Panasonic shares jump most in 11 years on restructuring plans

The Osaka-based company will restructure low-growth businesses and make changes to its employment structure.
Kuaishou Technology has attracted tens of millions of younger viewers who habitually scroll screens for new stories and trending videos.
BUSINESS / Companies
Feb 6, 2025

Mini dramas have supplanted movies in China. Is the U.S. next?

Professionally produced series for the web, mini dramas have clear storylines and big cliffhangers, with episodes running just 60 to 90 seconds each.

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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