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Electric vehicle chargers at a BYD Co. factory in Chongqing, China, on Sept. 5
BUSINESS / Tech
Sep 28, 2023

China shies away from row with EU over EV probe

Europeans have found President Xi Jinping’s government ready to talk, make promises and avoid aggressive rhetoric.
The Nasdaq market site in New York. Dozens of Japanese startups are preparing to list on the Nasdaq in the next few years.
BUSINESS / Markets
Oct 2, 2023

Nasdaq helps Japan startups escape risk-averse home market

An unprecedented number of entrepreneurs turn away from an aging, risk-averse home market.
Hong Kong and China Gas, part of billionaire Lee Shau Kee’s business empire, is accelerating an expansion of biofuel firm EcoCeres in foreign markets.
BUSINESS / Companies
Oct 3, 2023

Hong Kong tycoon’s energy empire ramps up green jet fuel push

EcoCeres, one of Asia’s largest producers of green jet fuel, is exploring the possibility of expanding into new markets like the U.S. and the Middle East.
TSMC is expected to see a slower recovery going into 2024 due to weaker demand.
BUSINESS / Companies
Oct 3, 2023

TSMC’s $72 billion dip has markets bracing for more

Shares of the world’s largest contract chipmaker have fallen 10%
Employees monitor the production of Covishield, the local name for the COVID-19 vaccine developed by AstraZeneca and the University of Oxford, at the Serum Institute of India in Pune, Maharashtra, India.
BUSINESS / Companies
Oct 5, 2023

Top vaccine maker seeks growth by selling shots to globetrotters

Serum Institute of India plans to start production of yellow fever and dengue shots for travelers to countries where those diseases are endemic.
Nomura Holdings has hired five traders to beef up its emerging markets trading desk.
BUSINESS / Companies
Oct 10, 2023

Nomura hires traders from rivals for Middle East credit push

The appointments are part of Nomura’s efforts to revive its emerging-market flow-credit desk.
ASEAN 2023 summit attendees (left to right): Philippine President Ferdinand Marcos Jr., Singapore Prime Minister Lee Hsien Loong, Thailand Permanent Secretary of the Ministry of Foreign Affairs Sarun Charoensuwan, Vietnam Prime Minister Pham Minh Chinh, Indonesia President Joko Widodo, Laos Prime Minister Sonexay Siphandone, Brunei Sultan Hassanal Bolkiah, Cambodia Prime Minister Hun Manet, Malaysia Prime Minister Anwar Ibrahim, and East Timor Prime Minister Xanana Gusmao
BUSINESS / Tech
Oct 11, 2023

Southeast Asia eyes hands-off AI rules, defying EU ambitions

A draft of ASEAN 'AI guide' is being circulated to tech firms for feedback and is expected to be finalized at the end of next January.
Kiva robots move inventory at an Amazon fulfilment center in Tracy, California.
BUSINESS / Companies
Oct 13, 2023

Amazon strategy could unlock $100 billion in revenue

Supply Chain by Amazon is the latest part of its drive to become a leading logistics company.
Tesla, which opened a factory in Lingang, China, was expected to be one of many large, foreign companies to open facilities in the region. Few have followed.
BUSINESS / Economy
Oct 15, 2023

China’s slowdown casts pall over Xi’s Yangtze Delta project

The setback is particularly obvious in Lingang, a free-trade zone in the southeastern tip of Shanghai and a key part of the Yangtze Delta project.
United Airlines planes on the tarmac at Newark Liberty International Airport in Newark, New Jersey
BUSINESS / Economy
Oct 19, 2023

Airline investors worry travel boom may be coming in for a landing

Strong demand from travelers has so far allowed carriers to mitigate inflationary pressure with higher fares.
BUSINESS / Companies
Oct 19, 2023

Self-driving taxi service set to be launched in Tokyo in 2026

Honda, GM and the American automaker’s autonomous driving unit, Cruise, will establish a joint venture next year to prepare for the robotaxi service.
The Taiwan Semiconductor Manufacturing Co. logo atop a building at the Hsinchu Science Park in Hsinchu, Taiwan
BUSINESS / Companies
Oct 20, 2023

‘Sell TSMC, buy ASML’ gains traction as China-Taiwan risks grow

Because TSMC’s operations are mostly in Taiwan, it faces heightened geopolitical hazards. ASML, meanwhile, stands to benefit from the fragmentation.
Nissan Motor Sakura electric vehicles (left and center), and a Mitsubishi Motors eK X electric vehicle on display during their release ceremony at the Mitsubishi Motors Mizushima plant in Kurashiki, Okayama Prefecture, in May 2022.
BUSINESS / Companies
Oct 24, 2023

Japan's bestselling EV isn’t a Tesla but a $13,000 minicar

A jointly developed minicar sold as the Nissan Motors Sakura and Mitsubishi Motors eK X accounts for roughly half of all EV sales in Japan.
Servers inside Huawei's factory campus in Dongguan, Guangdong province, China, in March 2019
BUSINESS / Tech
Oct 26, 2023

China swaps Western tech for domestic options as U.S. cracks down

The telecom and financial sectors are considered the next focus for the drive, with digital payments seen as particularly vulnerable to Western hacking.
Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues.
BUSINESS / Companies
Oct 27, 2023

Western Digital and Kioxia call off merger talks, source says

South Korea's SK Hynix — a major Kioxia investor — has said it does not back the deal due to its impact on its investment asset value.
A vegetable store on the Asagaya shopping street in Tokyo on Sunday
BUSINESS
Oct 30, 2023

Japan warns Middle East situation could hit economy

The government added the developments in the Middle East to factors requiring close attention, as it "could pose a downside risk to the Japanese economy."
More than 75,000 Kaiser Permanente health care workers went on strike from Oct. 4 to 7 across the U.S.
BUSINESS / Companies
Nov 1, 2023

Unions in the U.S. are winning big for the first time in decades

Recent victories mark a potential turning point for the country’s labor movement, which has seen union ranks and power dwindle for decades.
A Tasaki jewelry store in Ginza, Tokyo
BUSINESS / Companies
Nov 2, 2023

MBK Partners to sell jewelry brand Tasaki for over $500 million

Alleged trade with Myanmar has limited the scope of potential bidders, sources said.
 Tesla Model 3 vehicles at the company's factory in Shanghai in January 2020
BUSINESS
Nov 5, 2023

Cooling EV sales have Tesla, GM and Ford rethinking investments

While the battery-powered vehicle market is still expanding, the pace of growth has slowed considerably.
WeWork sought U.S. bankruptcy protection on Monday.
BUSINESS / Companies
Nov 7, 2023

SoftBank's WeWork, once most valuable U.S. startup, goes bankrupt

The company reported estimated assets and liabilities ranging from $10 billion to $50 billion, according to a bankruptcy filing.
SoftBank Group Chairman and Chief Executive Officer Masayoshi Son. Son's trust in his own intuition may have made him unwilling to heed red flags and opposition from his advisers regarding investments in WeWork.
BUSINESS / Companies
Nov 8, 2023

WeWork saga cost Masayoshi Son $11.5 billion and his credibility

WeWork's bankruptcy filing caps a yearslong saga that revealed breathtaking flaws in the Japanese billionaire's investment style.
Buildings in Pudong's Lujiazui Financial District in Shanghai. China's yuan weakened past the closely watched 7.2-per-dollar level as investor sentiment soured on a lack of aggressive stimulus and Beijing signaled a level of comfort about the declines.
BUSINESS / Markets
Nov 9, 2023

China is struggling woo back foreign investors

The lack of investment among global firms in China may have far reaching effects on the world’s second-largest economy.
The Disney store in Times Square, New York, on Oct. 29
BUSINESS / Companies
Nov 9, 2023

Disney tops earnings forecasts as Iger sets 'building' phase

Disney now says it is on track to achieve $7.5 billion in annualized savings
BUSINESS
Nov 10, 2023

Japan needs to prepare for 'life with interest rates': lobby head

Takeshi Niinami, chairman of business lobby Keizai Doyukai, said the Bank of Japan "must normalize" monetary policy to help weed out incompetent firms.
BUSINESS / Companies
Nov 14, 2023

FSA to revoke Bigmotor's registration as insurance agent

The planned penalty follows an investigation into widespread acts at Bigmotor of deliberately damaging customers' vehicles to pad insurance claims.
Japan's economy shrank 2.1% in the July-September period from the previous quarter on an annualized basis, suggesting that its economic recovery remains patchy.
BUSINESS / Economy
Nov 15, 2023

Japan’s economy shrinks, backing BOJ and government's stimulus case

Gross domestic product contracted at an annualized pace of 2.1% in the third quarter, deeper than economists’ estimate of a 0.4% shrinkage.
Shiseido shares tumbled the most in 36 years on Monday after it slashed full-year profit forecasts on sluggish China demand.
BUSINESS / Companies
Nov 16, 2023

China slowdown adds to boycott woes for Japanese beauty stocks

Cosmetics firms are finding that reliance on the world's second-biggest economy to drive sales is a double-edged sword.
The labor ministry is planning to review the workers' accident compensation program to cover all freelancers commissioned to work for companies.
BUSINESS
Nov 20, 2023

Japan to expand workers' accident compensation for freelancers

The measure is aimed at creating an environment in which freelancers can work with a sense of security.
An Omron X-ray scanner VT-X750 at the company’s Ayabe Factory in Kyoto
BUSINESS / Companies
Nov 21, 2023

X-rays are becoming an essential health check-up in chipmaking

Omron, a Japanese provider of health care equipment and factory automation, is setting its sights on the lucrative chipmaking gear market to fuel future growth.
Sam Altman was reinstated as OpenAI CEO less than five days after his ouster.
BUSINESS / Companies
Nov 23, 2023

Altman is back at OpenAI, but questions remain over firing

One of the big issue for the organization is to what extent Altman can continue pursuing outside ventures.

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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