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Traders work on the floor of the New York Stock Exchange on Thursday during the Reddit initial public offering.
BUSINESS / Companies
Mar 22, 2024

Reddit’s debut jump delivers for new and old shareholders alike

The platform’s most loyal users were able to buy 8% of the shares at the IPO price, and saw a total return in the aggregate of about $29 million.
Cans of Asahi Super Dry beer move on the production line inside an Asahi Breweries plant in Moriya, Ibaraki Prefecture, in April 2023.
BUSINESS / Companies
Apr 1, 2024

With U.S. push, Asahi aims to sate evolving tastes

The drink-maker is placing its “premium” offerings and low-alcohol and nonalcoholic beverages front and center in a bid to differentiate itself.
A U.S. Nuclear Regulatory Commission sign is pictured at the headquarters building in Rockville, Maryland.
BUSINESS / FOCUS
Apr 7, 2024

U.S. nuclear industry upbeat on small reactors, despite setback

While China and Russia already have operational small reactors, the United States is ahead of Europe in this area of nuclear power.
Electricity pylons next to the Sizewell B nuclear power station, in Sizewell, U.K.
BUSINESS
Apr 9, 2024

European nuclear plants put out of work by green power surge

The drive to promote renewable energy is turning the screws on Europe’s nuclear industry.
The New York Stock Exchange in New York. Japanese startups have been turning to the United States where institutional investors are more willing to bet on innovative technologies.
BUSINESS / Companies
Apr 10, 2024

New York Stock Exchange trying to get Japanese companies to list in the U.S.

South Korean, Indonesian and Singaporean companies from across various sectors are also looking to list in the U.S..
Japan's emissions in fiscal 2023 represents a 23% reduction from 2013 levels, but it’s still a way off from the 46% reduction the government has pledged to make by 2030.
BUSINESS
Apr 12, 2024

Japan’s annual emissions drop as industrial pollution shrinks

Emissions slipped 2.3% in the year ending March 2023 to 1.085 billion metric tons of carbon dioxide equivalent, the environment ministry said.
Lithium powder from recycled batteries in Nevada in March
BUSINESS / Companies
Apr 21, 2024

Japanese trading firms look abroad to diversify lithium supply

The resource-limited country is aiming to create a stable supply of the mineral, which is critical for producing batteries for electric vehicles.
Japanese startup Turing plans to unveil a self-driving car with at least 30 minutes’ driving range next year and develop a fully autonomous car by 2030.
BUSINESS / Companies
Apr 22, 2024

An AI star seeks to bring self-driving cars to Japan by 2030

The mind behind an AI algorithm that beat a shogi master now has his sights set on a fully self-driving vehicle by 2030.
Apple and OpenAI have begun discussing terms of a possible agreement on how some artificial intelligence features would be integrated into the next iPhone operating system, sources have said.
BUSINESS / Tech
Apr 27, 2024

Apple intensifies talks with OpenAI for iPhone generative AI features

The latest development comes about a month and a half before an Apple conference where it's poised to introduce new AI software and services.
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.
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.
Japan Tobacco was the most popular investment destination among Nippon Individual Savings Account account holders at SBI Securities.
BUSINESS
May 5, 2024

Half of new NISA investments went to Japanese stocks

Japan Tobacco was the most popular investment destination among NISA account holders at SBI Securities.
Only about 2% of Japan's annual output of 700,000 manga volumes are released in English, according to a startup working to translate manga using artificial intelligence.
BUSINESS / Companies
May 8, 2024

Japanese startup to use AI to translate manga

With its technology, Orange aims to produce 500 English-language manga per month.
Cleaning worker Hu Dexi, 67, at a shopping mall in Beijing on April 10
BUSINESS / Economy
May 8, 2024

In rapidly aging China, millions can't afford to retire

With a low retirement age, meager pension benefits and no family to support them, many in China feel they simply can't ever stop working.
J-Power's Takasago thermal power plant in Takasago, Hyogo Prefecture in 2022
BUSINESS / Companies
May 10, 2024

J-Power may close up to five coal power plants by fiscal 2030

The company's objective is to slash emissions by 46% from 2013 levels by 2030.
Employees work on a production line at an automotive plant producing electric cars near Ningbo, China. The U.S. is set to announce new tariffs on Chinese electric vehicles and other goods as early as next week, according to people familiar with the matter.
BUSINESS
May 11, 2024

Biden set to hit China EVs and strategic sectors with tariffs

The decision, which could come as early as next week, represents one of Biden’s biggest moves in the economic race with China.
Tokiko Shimizu, the Bank of Japan's first and only female director, has been replaced by Kazushige Kamiyama after finishing a four-year term.
BUSINESS
May 13, 2024

BOJ slips backward on diversity with all-male executive lineup

The BOJ slipped to 156th on an index of gender balance among central banks released this year.
SoftBank is regaining its footing just as founder Masayoshi Son readies sizable investments in artificial intelligence and semiconductors.
BUSINESS / Companies
May 13, 2024

SoftBank to get more aggressive on AI after profit and asset sales

The company earned a better-than-expected net income in the March quarter, helped by investment gains.
Tourists and locals stroll along Tokyo's Ginza shopping district where some roads are closed off for pedestrians due to the national holiday on April 29.
BUSINESS / Companies
May 15, 2024

Fortress’s Japan hotel unit doubles pay to fight labor shortage

MyStays Hotel Management is offering monthly salaries of ¥500,000 ($3,210) for new hires into its fast-track program.
Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California, in 2018.
BUSINESS / Markets
May 16, 2024

U.S. efforts to reshape global supply chains gathers pace in Asia

Investment flows are shifting along with trade, with global firms investing in Southeast Asia to avoid U.S. tariffs on China.
Electronic boards display the exchange rate for the yen against the U.S. dollar and the closing numbers of Tokyo Stock Exchange share price in Tokyo on May 1.
BUSINESS / Markets / FOCUS
May 19, 2024

From Tokyo to New York, stock markets are on a record-hitting spree around the world

Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.
Japan Times
BUSINESS
May 21, 2024

Carlyle raises $2.8 billion for largest Japan buyout fund

It’s the largest Japan-focused buyout fund ever raised, according to Carlyle, and about 70% bigger than the previous one it pulled together in 2021.
Bruno Le Maire, France's finance minister, speaks at an event in Nesle, France, in April 2023.
BUSINESS / Economy
May 27, 2024

China’s industry threatens entire global economy, France warns

Leading industrialized nations are coalescing for a tougher and more united challenge to overcapacities in China.
Meta, the parent of Facebook, Instagram and WhatsApp, has seen threat actors rely on artificial intelligence to produce fake images, videos and text to try influencing users on its sites.
BUSINESS / Companies
May 30, 2024

Meta removes AI-generated influence campaigns from China and Israel

Social media companies such as Facebook, ByteDance’s TikTok and Elon Musk’s X have struggled with the influx of fake and misleading AI-generated content on their sites.
Taiwan Semiconductor Manufacturing Co. (TSMC) is the world's leading chip contract manufacturer.
BUSINESS / Tech
Jun 5, 2024

Chinese AI chip firms downgrading designs to secure TSMC production

They submitted the less-powerful designs to TSMC — the world's leading chip contract manufacturer — to comply with U.S. restrictions, sources say.
Geely Automobile Holdings' Zeekr electric vehicles bound for shipment to Europe at the Port of Taicang in Taicang, Jiangsu Province, China, on Aug. 24, 2023
BUSINESS / Tech
Jun 5, 2024

China risks trade war on two fronts as low-tech exports soar, too

The European Union is poised to slap tariffs on Chinese electric vehicles this week, the latest example of rising barriers to global trade.
Officials from the transport ministry arrive for an inspection at Toyota headquarters in the city of Toyota, Aichi Prefecture, on Tuesday.
BUSINESS / Companies
Jun 5, 2024

Toyota car certification probe prompts calls for rules review

Despite revisions since the standards were enacted in 1951, regulations haven’t kept up with the times, an analyst wrote in a report.
People walk in front of a BYD Auto company and Autotorino store in Milan on March 20.
BUSINESS / Tech
Jun 10, 2024

European nations compete for Chinese EV factories as EU weighs tariffs

Chinese EV makers want to set up in Europe to build their brands and save on shipping and potential tariffs.
Apple CEO Tim Cook speaks during Apple's annual Worldwide Developers Conference in Cupertino, California, on Monday.
BUSINESS / Companies
Jun 11, 2024

Apple's AI push could reinvigorate iPhone sales as customers look to upgrade

Facing choppy consumer spending and resurgent tech rivals, Apple has looked to AI as a way to invigorate its loyal fan base.
Carlyle will probably announce another two or three transactions in Japan this year, the fund's co-head of the Japan buyout advisory team says.
BUSINESS / Companies
Jun 11, 2024

Carlyle sets sights on 300 Japanese businesses as PE deals boom

Carlyle, which has been operating in Japan since 2000, has made more than 40 private equity investments locally.

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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