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A China Railway employee works at the construction site for the Xiongan station of a new railway connecting Beijing to the area in Hebei province, China, in March 2019. In his annual new year speech, Chinese President Xi Jinping trumpeted the city’s progress saying it was "growing fast” and helping to revitalize northeastern China.
BUSINESS / Economy / FOCUS
Jan 10, 2024

Xi Jinping’s empty dream city shows limits of his power, even in China

The meticulously planned metropolis' slow start underscores the flaws in the Chinese president's plan to tempt people from the capital.
As Kura has grown, so has the hype, with diners sometimes enduring seven-hour waits to try its automated sushi-serving machines and dishes under plastic domes brought to the table on a revolving belt.
BUSINESS / Companies
Jan 13, 2024

Kura Sushi must live up to high hopes after wowing Wall Street

Kura shares have surged more than sixfold since their 2019 debut, climbing from an initial public offering price of $14 to $88.55.
Soichiro Watanabe, Panasonic's chief technology officer for EV batteries, says production of a revamped version of the firm's 2170 cells will begin at its manufacturing plant in Nevada as early as this year.
BUSINESS / Companies
Jan 15, 2024

Panasonic to make upgraded electric car battery as early as 2024

Production of a revamped version of the company's 2170 cells will begin at its manufacturing plant in Nevada sometime during 2024 or 2025.
BUSINESS / Markets
Jan 15, 2024

Nikkei hits 34-year peak above 36,000 as shippers rally

The index finished the day nearly 1% higher at 35,901.73, after touching the highest since February 1990 at 36,008.23.
BUSINESS / Markets
Jan 22, 2024

Japan's Nikkei scales 34-year peak on Wall Street record

The S&P 500 posted its first record-high close in two years, as AI fever drove big gains for chip shares and other heavyweight tech stocks.
Environment groups gather to oppose a key LNG terminal that threatened a delicate algal reef, in Taipei in December 2021. If Taipower can’t make sufficient progress on clean-energy generation, the island could potentially lose some of its allure as a destination for chip manufacturing.
BUSINESS / Tech
Jan 28, 2024

Taiwan’s troubled utility poses risk to chipmakers’ green goals

Political pressures have prevented the state-owned Taipower from passing on costs to customers, while bets on offshore wind have been marred by obstacles.
Fujitsu apologized for its role in the wrongful conviction of more than 900 subpostmasters in the U.K. who used its accounting software.
BUSINESS / Companies
Feb 1, 2024

Fujitsu promises better quality control after U.K. scandal

The Tokyo-based technology company is the subject of an inquiry into a glitch in its Horizon accounting software used by the U.K. Post Office.
Curbs on Boeing production in the wake of a mid-air blowout is adding to pressures forcing airlines to fly older planes for longer.
BUSINESS / Companies / ANALYSIS
Feb 2, 2024

Boeing 737 Max crisis adds to high demand for older planes

Curbs on Boeing production in the wake of a mid-air blowout are adding to pressures forcing firms to fly older planes for longer.
Toyota's hybrid RAV4 Prime at an auto show in Los Angeles in 2019
BUSINESS
Feb 2, 2024

Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown

Toyota is expected to offer an upbeat outlook when it reports its earnings on Tuesday, helped by its heavy reliance on hybrids.
The Fugaku supercomputer at Riken Center for Computational Science in Kobe in June 2020. Many companies leverage its simulation capabilities to streamline processes, saving labor on experiments and calculations crucial for the development of large products.
BUSINESS
Feb 5, 2024

Fugaku supercomputer tops predecessor in corporate usage

While Fugaku has primarily garnered attention for academic applications it has also proved instrumental in product development.
A man walks through panels at a solar power plant under construction in Aksu, in the Xinjiang Uyghur Autonomous Region of China, in 2012.
BUSINESS / Companies
Feb 6, 2024

Banned Chinese solar goods worth billions find route to U.S. via India

Amid a solar boom, India’s largest panel-maker has sent millions of panels to the U.S. made with parts from a Chinese firm denied entry to the U.S. market.
Shipments from China to the U.S. are increasingly making a pit stop in third countries such as Vietnam and Mexico.
BUSINESS
Feb 6, 2024

Biden wins U.S.-China trade war by Trump’s pet metric, but does it count?

Figures due Wednesday are set to show the U.S. deficit in goods trade with China in 2023 at its lowest annual level since 2010.
SoftBank Group booked a profit for the December quarter after four straight quarters of losses.
BUSINESS / Companies
Feb 8, 2024

SoftBank swings to profit lifted by T-Mobile windfall

SoftBank recorded its first profit after four straight quarters of losses, backed by a rebound of the Vision Fund and gains from T-Mobile shares.
Japan’s latest growth figures are set to confirm it slipped to become the world's fourth-largest economy last year.
BUSINESS / Economy
Feb 13, 2024

Japan GDP set to confirm slip to world’s fourth-largest economy

Figures for the calendar year are almost certain to show the value of output falling behind Germany’s in dollar terms.
SoftBank Group shares surged for a third day in Tokyo on Tuesday.
BUSINESS / Tech
Feb 13, 2024

SoftBank shares climb again with Arm’s explosive AI rally

Arm Holdings has almost doubled in value since making the case last week for how it will benefit from the artificial intelligence boom.
Nvidia CEO Jensen Huang attends a session of the World Governments Summit in Dubai on Monday.
BUSINESS / Companies
Feb 15, 2024

Nvidia overtakes Alphabet, one day after eclipsing Amazon

The AI frenzy has boosted tech stocks associated with the field, but Nvidia stands out for its significant revenue growth.
In the U.S., proof that inflation remains sticky and the labor market sound has convinced traders to embrace the Federal Reserve’s pushback against market bets on near-term easing.
BUSINESS / Economy
Feb 19, 2024

Cracks start to emerge in global central bank synchronicity

The synchronization among central banks might be about to weaken as domestic drivers take over from global trends in determining price outlooks.
The European Union plans to investigate TikTok, the video-sharing app owned by China's ByteDance, regarding its possible negative impacts on young people.
BUSINESS / Companies
Feb 20, 2024

EU launches probe into TikTok over alleged failure to protect children

Brussels is concerned the video-sharing app may not be doing enough to address negative impacts on young people including from algorithmically fed content.
The Etihad Towers surrounded by residential and commercial properties in Abu Dhabi
BUSINESS
Feb 21, 2024

UAE poised to exit watchdog’s dirty money list after reforms

The UAE is expected to come off the list on Feb. 23.
People walk past the booth of an AI chip company at the Mobile World Congress in Barcelona on Tuesday.
BUSINESS / Tech
Feb 27, 2024

SoftBank, Nvidia and Microsoft team up to use AI in mobile base stations

The alliance aims to work together in preventing communications congestion and promoting the use of smartphone apps using generative AI.
The assembly line at a production facility for Nio, a maker of electric cars, in Hefei, China, on Dec. 4. U.S. President Joe Biden has ordered an investigation into auto software that could track U.S. drivers, part of a broader effort to stop electric vehicle imports from China.
BUSINESS / Tech / ANALYSIS
Mar 2, 2024

The politics and economics behind Biden's China car espionage probe

The U.S. leader's saber-rattling as another opportunity to demonstrate he is tough on China, experts say.
TSMC's new factory in Kikuyo, Kumamoto Prefecture
BUSINESS / Companies
Mar 4, 2024

Japan in the midst of a semiconductor plant construction rush

The government set aside ¥4 trillion between fiscal 2021 and fiscal 2023 for subsidies for helping companies build semiconductor plants.
Akiko Ito, former commissioner of the Consumer Affairs Agency, will be Canon's first female board member if approved at its general shareholders’ meeting on March 28.
BUSINESS / Companies
Mar 4, 2024

ISS backs Canon CEO after nomination of first woman to board

Japanese firms have been slow to appoint women to senior executive roles. But they’re now facing growing pressure to meet stricter standards.
Broad indications are growing that Chinese President Xi Jinping is shifting away from four decades of market-oriented reforms and financial innovation. The most powerful Chinese leader since Mao Zedong has emphasized the Communist Party’s "centralized and unified leadership” of the sector, and pledged to build "a modern financial system with Chinese characteristics” that’s completely different from the West.
BUSINESS / Companies
Mar 5, 2024

China's bankers exit industry amid crackdown on ‘hedonistic’ lifestyles

Finance workers in China are rethinking their career as Chinese President Xi Jinping signals a shift away from market-oriented reform and innovation.
The logo of semiconductor company Advanced Micro Devices is seen on a graphics processing unit chip in this illustration
BUSINESS / Tech
Mar 5, 2024

AMD hits U.S. roadblock in selling AI chip tailored for China

AMD had hoped to gain a green light from the Commerce Department to sell the AI processor to Chinese customers.
An unmanned robot navigates across a street during a demonstration of Uber Eats' robot delivery service in Tokyo on Tuesday.
BUSINESS / Tech
Mar 6, 2024

Uber Eats Japan begins deliveries with self-driving robots

The company has rolled out the service in Tokyo's Nihonbashi area and plans to introduce it in other places as well.
Investors will be heaping ever more scrutiny on Japanese assets, with negative rates potentially relegated to history.
BUSINESS / Markets
Mar 15, 2024

BlackRock and Man Group reveal big Japan bets before BOJ decision

Snap up more Japanese stocks and keep buying the yen — these are some of the most popular calls from big-name money managers.
A man walks through the financial and business district of La Defense, near Paris, on March 13.
BUSINESS / Companies
Mar 19, 2024

EU's new gig-worker rules could tame 'management by algorithm'

The opaque nature of algorithmic management tools can result in random job assignments and performance ratings, and even termination.
Hong Kong leader John Lee (center) with lawmakers after they passed the city's new security law. Hong Kong has fast-tracked into law domestic security legislation that critics say could muzzle open economic discussion and tighten control over foreign bodies operating in the global finance hub.
BUSINESS
Mar 20, 2024

Hong Kong's new security law only deepens challenges for financial hub

While the city’s role as a financial center dwarfs that of rivals, more firms are choosing Singapore as their Asian base.
Elon Musk's brain-chip startup Neuralink livestreamed on Wednesday its first patient implanted with a chip using his mind to play online chess.
BUSINESS / Tech
Mar 21, 2024

Musk's Neuralink shows first brain-chip patient playing online chess

The patient had received an implant from the company in January and reportedly learnt to control a computer mouse using his thoughts.

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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