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August 05, 2025
 

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A mockup of a Northvolt battery at a factory in Skelleftea, northern Sweden. Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a company struggling to stay afloat.
BUSINESS / Companies
Nov 22, 2024

Northvolt files for bankruptcy in blow to Europe's EV ambitions

The firm said it has only enough cash to support operations for about a week.
Owning dollars has been a winning strategy for Chinese companies. The currency has been kept strong by high U.S. rates and falling Chinese ones.
BUSINESS / Markets / ANALYSIS
Nov 22, 2024

Corporate China seeks dollars as trade tensions rise

Chinese firms are squirreling away dollars, pricing contracts in yuan and opening import lines to mitigate currency risks,
Randy's Donuts in Inglewood, California. Replicas of the giant doughnut sculpture will be installed, where possible, at shops in Japan.
BUSINESS / Companies
Nov 24, 2024

An iconic 32-foot doughnut might give Randy’s an edge in Japan

The doughnut had a cameo in “2012,” where it is seen rolling down the street as an enduring symbol of end-time. Now the brand looks to tackle the tough Japanese market.
Elliott Investment Management's stake in Tokyo Gas is centered around getting the utility to sell off its real estate holdings, including Shinjuku Park Tower, which houses the Park Hyatt Hotel Tokyo.
BUSINESS / Companies
Nov 28, 2024

Real estate worth ¥25 trillion puts Japan companies in spotlight

The hidden value of property on corporate balance sheets is a theme behind some of the biggest activist campaigns and mergers and acquisitions in Japan.
A statue of Konosuke Matsushita in the grounds of the Konosuke Matsushita Museum in Kadoma, Osaka Prefecture
BUSINESS / Companies
Nov 28, 2024

‘God of management’ comes back to life as an AI model

Panasonic icon Konosuke Matsushita is one of the most respected by the Japanese business community.
Japanese companies' capital expenditure on goods excluding software rose 9.5% year on year in the three months through September.
BUSINESS / Economy
Dec 2, 2024

Japanese firms boost capex in sign of confidence holding up

Expectations are also growing for the Bank of Japan to raise rates sooner rather than later.
Makoto Uchida, President and CEO of Nissan, holds a press briefing at the Japan Mobility Show 2023 in Tokyo on Oct. 25, 2023. Uchida is under presser to deliver a turnaround and to keep his job at the troubled carmaker.
BUSINESS / Companies
Dec 8, 2024

Nissan boss Uchida races to save the automaker — and his job

Makoto Uchida is under pressure to reverse Nissan’s fortunes after years of turmoil following the 2018 arrest of former chairman Carlos Ghosn.
Surging development costs, supply chain issues and higher inflation have heavily weighed on the offshore wind sector in recent years.
BUSINESS / Companies
Dec 9, 2024

BP and JERA to combine offshore wind operations in joint venture

The 50-50 venture, called JERA Nex BP, will include operating assets and development projects with a potential generation capacity of 13 gigawatts.
The French headquarters of Huawei Technologies in Boulogne-Billancourt near Paris in 2020. Companies that maintain business ties with Huawei could lose access to work for the Pentagon, which committed nearly $460 billion on contracts in fiscal 2023.
BUSINESS / Tech
Dec 10, 2024

Huawei suppliers to face further U.S. limits under defense bill

The bill's language effectively bars Pentagon contractors from selling chips and the equipment for making or designing them to Huawei or its affiliates.
The $8.2 billion deal is the largest overseas acquisition by a Japanese insurer to date and the second major transaction announced by Nippon Life this year.
BUSINESS / Companies
Dec 11, 2024

Nippon Life to buy Resolution in $8.2 billion deal as it pursues U.S. growth

The deal is the largest overseas acquisition by a Japanese insurer to date and the second major transaction announced by Nippon Life this year.
Izumi Kobayashi, director of Mizuho Financial, Omron and ANA, speaks during the Reuters Next conference in New York on Tuesday.
BUSINESS
Dec 11, 2024

Mizuho director says companies should not overreact to Trump's tariff threats

It would be difficult for companies to withdraw from China given its mammoth size, said Izumi Kobayashi.
U.S. President-elect Donald Trump embraces SoftBank chief Masayoshi Son at Trump's Mar-a-Lago club in Palm Beach, Florida, on Monday.
BUSINESS / Companies
Dec 17, 2024

SoftBank pledges $100 billion U.S. investment at Trump event

SoftBank chief Masayoshi Son’s announcement this time marks the highest-profile commitment by a company to expand investment in the U.S. since Trump’s election win.
A United Nations panel on space traffic coordination in late October said that urgent action was necessary to track and manage objects in low Earth orbit because of the rapid increase in satellites and space junk.
BUSINESS / Companies
Dec 17, 2024

Japan and India startups to study using lasers to tackle space debris

Japan's Orbital Lasers is building a system that will use laser energy to stop the rotation of space junk by vaporizing small parts of its surface.
Daishiro Yamagiwa, the chairman of the Liberal Democratic Party's group for semiconductors, says a project to develop a domestic manufacturer of next-generation semiconductors is a battle for the nation's survival.
BUSINESS / Companies
Dec 18, 2024

Japan to support Rapidus even if it delays goal, chip czar says

"We’ve carried out our semiconductor strategy with determination and the Rapidus project is a core part of the strategy,” Daishiro Yamagiwa said.
Nomura Holdings and other major brokerages in Japan are raising compensation and benefits for senior employees age 60 or over.
BUSINESS / Companies
Dec 19, 2024

At Japan's brokerages, skills shortage improves conditions for older staff

Employees age 60 and above are increasingly getting paid for performance and given heavier responsibilities in line with their experience.
Nissan CEO Makoto Uchida (left), Honda CEO Toshihiro Mibe (second from left) and Takao Kato, CEO of Mitsubishi Motors, hold a news conference on merger talks on Monday in Tokyo.
BUSINESS / Companies
Dec 23, 2024

Honda-Nissan megamerger in the works

Both carmakers are facing overcapacity and the need for huge investments related to electric-vehicle and self-driving technologies.
JR Kyushu concluded that it will not be able to guarantee the safety of the Queen Beetle high-speed passenger ferry operations even after safety measures are taken.
BUSINESS / Companies
Dec 24, 2024

JR Kyushu to end passenger ship operations after water leak incident

JR Kyushu Jet Ferry covered up a water leak incident on its high-speed passenger ferry linking Hakata Port with the city of Busan in South Korea.
David Nemecek
BUSINESS
Dec 25, 2024

The star dealmakers remaking the rules of corporate debt

The world of liability management is a small, aggressive and, thus far, male-dominated corner of corporate finance.
A poster depicting the characters of "JoJo's Bizarre Adventure" in Tokyo's Shibuya Station in 2023.
BUSINESS / Companies
Dec 28, 2024

Sony's Crunchyroll finds its early lead in anime under attack

Netflix, Walt Disney and Amazon are all digging into their deep pockets to license shows, making it more expensive for anime-steaming site to compete.
A Dior store front in Rome. Despite passing audits, Dior's contractors in Italy have been accused of labor abuses.
BUSINESS / Companies
Jan 2, 2025

Inside luxury goods' broken audit system

Revelations of worker exploitation in Dior's Italian production chain have exposed flaws in supply chain audits and triggered judicial action.
SpaceX’s Falcon 9 rocket in Cape Canaveral, Florida
BUSINESS / Tech
Jan 6, 2025

Italy plans $1.6 billion SpaceX telecom security services deal

In 2024 alone, Elon Musk’s SpaceX has added more than 20 nations to its Starlink satellite internet service.
Paloma Rheem Holdings is offering to buy Fujitsu General, Fujitsu’s air-conditioner unit.
BUSINESS / Companies
Jan 7, 2025

Japanese oven maker to buy out Fujitsu General for $1.6 billion

Paloma Rheem Holdings is offering to pay Fujitsu General stockholders ¥2,808 a share, or as much as ¥164.7 billion.
Prices continue to outpace wage increases in Japan.
BUSINESS / Economy
Jan 9, 2025

Real wages fall for a fourth month, squeezing Japanese households further

Inflation-adjusted real wages dropped 0.3% from a year earlier in November as some food prices and utility rates increased.
Seven & I Holdings reported Thursday that its operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
BUSINESS / Companies
Jan 9, 2025

Seven & I profit drops despite recovery in convenience stores

Operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
The TikTok logo is displayed outside the offices of the social media app's company offices in Culver City, California, in 2023.
BUSINESS / Tech
Jan 14, 2025

China discusses sale of TikTok U.S. to Elon Musk as possible option

Under one scenario that’s been discussed by the Chinese government, Musk’s X would take control of TikTok U.S. and run the businesses together.
Mitsubishi Corp. will stop buying and selling refined metals and mineral resources in the Chinese spot market after a suspected fraud by one of its copper traders caused a huge loss.
BUSINESS
Jan 14, 2025

Mitsubishi Corp. quits China metal trading after copper fraud

Mitsubishi announced a ¥13.8 billion loss "in its Chinese trading business” in its quarterly earnings in November.
Cleveland-Cliffs is reportedly in talks with North Carolina-based steelmaker Nucor to acquire U.S. Steel.
BUSINESS / Companies
Jan 14, 2025

Japan avoids commenting on Cleveland-Cliffs CEO's provocative comment

Lourenco Goncalves’ remarks over Nippon Steel’s takeover bid for U.S. Steel and description of Japan as being "evil" stunned many in Tokyo.
The Nasdaq MarketSite is seen on the day that shares of Trump Media & Technology Group start trading under the ticker "DJT" in New York on March 26, 2024.
BUSINESS / Tech
Jan 21, 2025

Trump's crypto and Truth Social believers bet on his presidency

Hundreds of thousands of U.S. retail investors have linked their fortunes with those of the president they support.
Tetsuji Ohashi, chairman of the Special Committee on Management and Labor Policy, holds a news conference after announcing the guidelines for 2025 spring wage negotiations.
BUSINESS / Companies
Jan 21, 2025

Keidanren urges member companies to consider pay scale hikes

Keidanren vowed to make every effort for the continuation of wage increases to cope with rising prices.
The production line at Tanmiah Food’s chicken processing plant in Shaqra, Saudi Arabia
BUSINESS
Jan 26, 2025

Chickens hatch across the Saudi desert in kingdom’s pivot from oil

The kingdom imports about 80% of what it eats, triggering worries about shortages in a time of rising geopolitical tensions.
How Pakistan shot down India's cutting-edge fighter using Chinese gear
An Indian Air Force pilot gets out of a Rafale fighter jet during its induction ceremony at an air force station in Ambala, India, September 2020.
China and Russia start joint military drills in Sea of Japan
Russian and Chinese naval officers take part in a ceremony Thursday ahead of the start of joint naval drills in the Sea of Japan, following the arrival of Chinese military vessels in Vladivostok, Russia.
Kamchatka quake may have awakened volcano dormant for 600 years, Russia says
Kamchatka. Krasheninnikov Bay
Italy's fast fashion hub becomes Chinese mafia battlefield
Signs for fast-fashion factories in Prato, Italy, on Friday. Chinese crime groups in the district thrive on the "Prato system" rife with corruption in the fast-fashion sector.
Extreme heat in Japan set to peak this week
People shield their eyes from the sun as they walk through a street on a hot day in Tokyo on July 26.
Fuji Rock's weekend of surprises was one of its best yet
Radwimps lead singer Yojiro Noda threw himself into the rock band’s Green Stage performance ahead of headliner Vampire Weekend.
How Trump is gaslighting on climate change — with Japan’s help
The Bishu Maru LNG tanker, owned by Kawasaki Kisen Kaisha, next to the Freeport LNG terminal in Texas
With a new distillery, Suntory makes a spirited move on gin market
A staff inspects a distillation pot still at Suntory's new Osaka Spirits & Liqueurs Craft Distillery, which will focus on gin production and help Suntory capture a bigger slice of the fast-growing gin market.
Junglia brought dinos back to Okinawa. But will it bring tourists?
At Panorama Dining, one of Junglia’s two proper restaurants that also doubles as the rooftop Inifinity Terrace overlook, guests can pay extra to sit in balcony tables made to look like birds’ nests overlooking the park grounds.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Jason Coskrey

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