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Power lines on the highway between Shanghai and Suzhou, China, on Oct. 23, 2023
BUSINESS / Tech
Aug 12, 2024

China rapidly expands battery fleet but needs to start using it

China’s new energy storage capacity jumped to 44 gigawatts at the end of June, a 40% increase from the start of the year.
Samples of rare earth minerals cerium oxide (left), bastnasite (center left), neodymium oxide (center right) and lanthanum carbonate
BUSINESS / Markets
Aug 20, 2024

Not-so-rare earths: Ample supply weighs on prices of key minerals group

Exports of rare earths from China, the dominant producer, climbed 7.5% year-on-year in the first seven months of 2024, but prices still fell during that period.
Solar cell panels over the water surface of Sirindhorn Dam in Ubon Ratchathani, Thailand. Four countries in Southeast Asia including Thailand account for more than 40% of solar module production capacity outside of China.
BUSINESS / Markets
Aug 21, 2024

Southeast Asia’s solar boom threatened by U.S.-China trade tension

Chinese firms that set up shop in the region over the last decade are being accused of skirting U.S. import levies on their home market.
Launched in 2012 in collaboration with the Tokyo Stock Exchange, the Nadeshiko Brand recognition aims to spotlight companies that not only prioritize gender diversity but also maintain solid financial performance.
BUSINESS / Companies
Aug 26, 2024

METI to expand Nadeshiko Brand criteria for women-friendly listed firms

Companies that offer support for women’s health in a bid to foster corporate awareness and encourage long-term career development for women will be eligible.
OpenAI, whose ChatGPT is credited with accelerating the frenzy over artificial intelligence since its broad release in late 2022, has said AI should be regulated by the federal government but that the California bill creates an uncertain legal environment, and could cause entrepreneurs and engineers to leave the state.
BUSINESS / Tech
Aug 28, 2024

Big Tech wants AI to be regulated. Why do they oppose a California AI bill?

Many tech giants say the bill threatens to make the state unfavorable to AI development and deployment and puts open-source models at risk.
Founder and CEO of Telegram Pavel Durov delivers a keynote speech during the Mobile World Congress in Barcelona, in 2016.
BUSINESS / Companies
Aug 29, 2024

Telegram founder Durov charged and banned from leaving France

Pavel Durov was charged on several counts of failing to curb extremist and illegal content on Telegram, a popular messaging app.
Traders work in the S&P options pit at the Cboe Global Markets exchange in Chicago, Illinois, on Wednesday.
BUSINESS / Tech
Aug 29, 2024

Nvidia fails to impress growth-hungry investors as shares fall

Nvidia shares fell 6% in after-hours trading, weighing on shares of other chipmakers.
Job seekers crowd a job fair at Liberation Square in Shijiazhuang, China, in 2018.
BUSINESS / Economy / FOCUS
Sep 2, 2024

New unproductive forces: the Chinese youth owning their unemployment

Urban youth unemployment for the roughly 100 million Chinese aged 16-24 spiked to 17.1% in July, a figure analysts say masks millions of rural unemployed.
Demand for electric vehicles in Japan has long been sluggish, and the government this year changed how EV subsidies are calculated, reducing them for BYD and several of its rivals, raising concerns about protectionism.
BUSINESS / Companies / FOCUS
Sep 5, 2024

BYD's global expansion push runs into a stiff test in Japan

Demand for electric vehicles in Japan has long been sluggish, and the government this year changed how EV subsidies are calculated.
A Toyota Lexus UX 250h Hybrid vehicle stands on display during the Seoul Motor Show in Goyang, South Korea, in March 2019.
BUSINESS / Companies
Sep 6, 2024

Japanese cars and beer gain ground in South Korea as relations thaw

Monthly sales of Japanese cars, including Toyota and Lexus, jumped 31% in August from a year earlier.
An Nvidia Quantum-X800 InfiniBand Platform designed for artificial intelligence on display in Taipei in June
BUSINESS / Companies
Sep 9, 2024

Nvidia-backed Sakana AI eyes strategic partnerships in Japan

Growing geopolitical risks are heightening interest in the Tokyo-based startup.
Panasonic’s 4680 cylindrical lithium-ion cell
BUSINESS / Companies
Sep 9, 2024

Panasonic ready to start making next-gen EV cells at Japan plant

The site will become the main facility for production of Panasonic’s 4680 cylindrical lithium-ion cell with output beginning as soon as a final evaluation is completed.
A monitor in Tokyo shows the Nikkei stock average tumbling on Monday morning.
BUSINESS / Markets
Sep 9, 2024

Tech leads Nikkei decline but yen's retreat caps losses

The drop follows a sell-off in U.S. equities on Friday, after monthly U.S. payroll figures confirmed that the jobs market was losing momentum.
Seven & I Holdings, the operator of 7-Eleven convenience stores, was designated as a "core" company. The government requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
BUSINESS / Companies
Sep 13, 2024

Seven & I gets new designation, a potential hurdle for takeover

The new "core" category requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
The BMW logo. It took the German automaker more than two years to discover the extent of a braking system fault that is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
BUSINESS / Companies
Sep 16, 2024

BMW took two years to find extent of defect behind recall

The braking system fault is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
Lawson President Sadanobu Takemasu (center) says the nation's labor shortage is the biggest challenge its convenience stores face.
BUSINESS / Companies
Sep 19, 2024

Lawson to open convenience stores of the 'future' next spring in Tokyo

The goal of the project is to help reduce the workload of store staff by 30% by fiscal 2030.
A man holds a new iPhone 16 at an Apple store in Tokyo's Shibuya Ward on Friday.
BUSINESS / Companies
Sep 20, 2024

Apple's iPhone 16 released in Japan

The Japanese version of Apple Intelligence will be launched next year.
Intel has been working on an expensive plan to remake itself and bring in new products, technology and outside customers under Chief Executive Officer Pat Gelsinger.
BUSINESS / Tech
Sep 23, 2024

Apollo to offer multibillion-dollar investment in Intel

The development comes as San Diego-based Qualcomm floats a friendly takeover of Intel, raising the prospect of one of the biggest-ever M&A deals.
Actor Zhu Jian, 69, rehearses with other actors on the set of a micro movie during a filming session at a banquet hall in Zhengzhou, Henan province, China, on July 16.
BUSINESS
Sep 23, 2024

Micro dramas shake up China's film industry, aim for Hollywood

The leader in the micro drama space is Kuaishou, an app that accounted for 60% of the top 50 Chinese micro dramas last year.
Kioxia has scrapped its plan for an initial public offering in October, sources have said.
BUSINESS / Companies
Sep 24, 2024

Chipmaker Kioxia scraps IPO planned for October after market sell-off

Shares in peers Samsung Electronics, SK Hynix and Micron Technology are currently around a third lower than recent highs.
Traders borrow in currencies where rates are low and put that money to work in economies where rates are high, pocketing the difference.
BUSINESS / Markets / FOCUS
Oct 2, 2024

Massive carry trade still lurks in the shadows and looms over markets

Trillions might remain, slightly different, less obvious and all but forgotten by a market eager to move on.
A network camera installed at a nursery school in the city of Chiba monitors children.
BUSINESS / Companies
Oct 3, 2024

Network cameras offer better views in Japan

Cameras with built-in computing functions are gaining popularity as they allow users to easily check video feeds via the internet.
Starbucks has 10 support centers around the world where agronomists work with farmers on research and best practices.
BUSINESS
Oct 3, 2024

Starbucks buys research farms as climate change threatens coffee supply

Bolstering the coffee industry’s climate resilience has taken on fresh urgency this year.
Containers are stacked at the Portsmouth Marine Terminal (PMT) in Portsmouth, Virginia, on Wednesday.
BUSINESS / Companies / ANALYSIS
Oct 5, 2024

U.S. port strike throws spotlight on big union foe: automation

Companies view automation as a path to better profit while unions see it as a job-killer.
Players on Nintendo Switch game consoles. Saudi Arabia's Public Investment Fund is reportedly weighing deploying more capital to Nintendo and its sector peers.
BUSINESS / Companies
Oct 7, 2024

Nintendo jumps after Saudi fund expresses interest in bigger stake

The Saudi government is keen to mold the kingdom into a global gaming industry player and diversify its oil-heavy portfolio.
With less than a month before the election, polls and prediction markets show Democrat Kamala Harris and Republican Donald Trump in a virtual dead heat.
BUSINESS / Markets / ANALYSIS
Oct 11, 2024

Risks from possible contested U.S. election appear on market's radar

For now, political uncertainty appears to be doing little to dampen enthusiasm for stocks.
Hiroyuki Okuzawa, chief operating officer of Daiichi Sankyo, during an interview in Tokyo on Friday
BUSINESS / Companies
Oct 11, 2024

Daiichi Sankyo eyes newer cancer drugs to stave off rivals

The Japanese drugmaker has emerged as a leader in ADC, a type of cancer therapy that targets cancerous cells while sparing the healthy ones.
CEATEC brings together 808 companies and organizations from Japan and abroad.
BUSINESS / Tech
Oct 15, 2024

CEATEC begins near Tokyo as humanity enters 'a new era' with AI

The trade fair showcases products and services that employ artificial intelligence and other advanced technologies.
The Tokyo Electron logo is displayed at the Semicon Japan exhibition in Tokyo last December.
BUSINESS / Tech
Oct 19, 2024

Japan pressed by U.S. lawmakers to strengthen chip curbs on China

China remains a crucial and lucrative market for all chip toolmakers, and officials in Tokyo and the Hague are cautious about imposing more restrictions.
People from Thailand look at used smartphones in Tokyo's Akihabara district in October 2022.
BUSINESS / Markets
Oct 23, 2024

Japan's secondhand smartphone market booms as households struggle

Sales of used goods in Japan have grown rapidly as households struggle to make ends meet.

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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