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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.
BUSINESS / Companies / FOCUS
Nov 24, 2023

With Azabudai Hills complex, Mori aims to transform Tokyo again

The developer has looked to rectify the capital's perceived weaknesses in a bid to make it more competitive against the likes of London and New York.
Sumitomo Mitsui Financial Group’s CEO Jun Ohta died Saturday. He was 65.
BUSINESS / Companies
Nov 27, 2023

Sumitomo Mitsui CEO Jun Ohta, who pushed Asia expansion, dies at 65

Ohta’s well-being attracted attention when he missed an earnings briefing earlier this month, with the bank citing health reasons.
A Bank of Japan survey shows that the services producer price index rose 2.3% in October from a year earlier.
BUSINESS / Economy
Nov 27, 2023

Corporate service inflation rise signals broadening price pressures

The services producer price index, which measures the price companies charge each other for services, rose 2.3% in October from a year earlier.
A Rakuten Mobile branch in Tokyo. Rakuten is set for another tough year in 2024, at a time when rivals are on the attack with competitive pricing and reward campaigns.
BUSINESS / Companies
Nov 29, 2023

Rakuten's mobile misadventure: from ambitious plan to millstone

Founder and CEO Hiroshi Mikitani's vision of a low-cost network using cloud-based software and cheap hardware did not pan out.
Warren Buffett (left), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend a shareholders meeting in Omaha, Nebraska, in May 2019. Munger died on Tuesday at the age of 99, according to U.S. media reports.
BUSINESS / Companies
Nov 29, 2023

After Munger's death, Berkshire Hathaway succession in focus

Berkshire has had a succession plan since at least 2006 when Buffett, then 75, told shareholders the company would be prepared for his departure.
A Walmart worker organizes products for the Christmas season in 2016.
BUSINESS / Companies
Nov 30, 2023

Walmart shifts to India and reduces imports from China

The shift shows how the rising cost of importing from China and escalating political tensions are pushing U.S. firms to import more from other countries.
Honda will invest ¥500 billion in its electric motorcycle business by 2030.
BUSINESS / Companies
Nov 30, 2023

Honda to invest $3.4 billion in electric motorcycles by 2030

The company plans to introduce 30 new electric motorcycle models worldwide by the same year.
In recent years, Jack Ma has largely stayed out of public view after clashing with the Chinese government.
BUSINESS / Companies
Nov 30, 2023

Jack Ma returns to rally troops after Alibaba’s troubles deepen

"Every great company is born in a winter"
BUSINESS / Companies
Nov 30, 2023

SMFG names deputy president as group CEO after predecessor's death

Toru Nakashima's appointment will take effect Dec. 1, Japan's second-biggest lender said.
Pedestrians along the Bund in Shanghai on Oct. 29. The Chinese government is pushing a narrative that the city will play an important role in reinvigorating the nation’s economy.
BUSINESS
Dec 1, 2023

Xi’s Shanghai visit sells city’s ‘innovation’ image

State media video footage using soaring music showed a stoic Xi making a visit to the Shanghai Futures Exchange and watching a robot demonstration.
Spot workers who choose when and where to work through dedicated apps during their free time are seen as a new pool of human resources in industry sectors that have faced labor shortages.
BUSINESS / Economy
Dec 4, 2023

Number of 'spot workers' surges in Japan amid labor shortage

The work style has gained popularity due to the flexibility it offers: individuals can choose when and where to work through dedicated apps.
BUSINESS / Companies
Dec 5, 2023

Prospect of NTT Law abolishment unclear amid fierce opposition

The idea was first proposed by a ruling Liberal Democratic Party panel to make the communications giant internationally competitive.
Former British Prime Minister Boris Johnson signing the Brexit trade deal with the EU in London on Dec. 30, 2020.
BUSINESS / Companies
Dec 6, 2023

Three years on, U.K. factories still face Brexit challenges

A survey by trade body Make U.K found that 90% of businesses felt post-Brexit trading arrangements were still disrupting trade with the EU.
The building at 245 Park Avenue, which housed the headquarters of Bear Stearns in the 1980s, in New York. Mori Trust bought a 49.9% stake in the building from SL Green Realty in June.
BUSINESS
Dec 6, 2023

Japanese buyers snap up New York and London buildings in spree

Investors see attractive prices stemming from the real estate downturn, even as the yen’s weakness reduces purchasing power.
The Tokyo Stock Exchange. The volume of management buyouts in Japan has increased to the highest on record this year, jumping 170% from a year earlier to at least ¥870 billion.
BUSINESS
Dec 8, 2023

Surge in management buyouts gives extra boost to Japanese stocks

The volume of management buyouts has increased to the highest on record this year.
A record number of Japanese investors have put their money into domestic private credit deals in search of higher returns this year.
BUSINESS / Economy
Dec 12, 2023

Private credit is attracting record numbers of Japanese investors

An unprecedented 236 limited partners have provided money to private capital managers this year through September, more than triple the level of 2017.
Mitsubishi UFJ, Japan's largest banking group, bought 75% of AlbaCore last month to diversify its range of investment capabilities.
BUSINESS / Economy
Dec 12, 2023

MUFG's AlbaCore sees potential for alternative investments in Japan

Mitsubishi UFJ bought 75% of AlbaCore last month to diversify the range of investment capabilities.
An attendee plays Fortnite, made by Epic Games, during the E3 Electronic Entertainment Expo in Los Angeles in 2019.
BUSINESS / Companies
Dec 12, 2023

Legal defeat for Google threatens $200 billion app store industry

Until now, Google and Apple have charged commissions of as much as 30% to software developers who typically have had few other options.
The reading of the key index measuring confidence among major Japanese manufacturers, such as those in the auto and electronics sectors, rose for the third straight quarter, according to the Bank of Japan's tankan survey.
BUSINESS / Economy
Dec 13, 2023

Firms more confident ahead of BOJ policy meeting, tankan shows

Evidence of robust corporate sentiment boosts the odds of large wage hikes, paving the way for the normalization of monetary policy.
Mori Building CEO Shingo Tsuji speaks during an interview in Tokyo on Nov. 30.
BUSINESS / Companies
Dec 15, 2023

Mori’s CEO eyeing the next Roppongi Hills, casino resort in Tokyo

The real estate developer behind the towers that have reshaped central Tokyo’s skyline isn’t done yet.
Coca-Cola Bottlers Japan plans to introduce several thousand more vending machines with digital price displays that can be controlled remotely to vary prices according to demand.
BUSINESS / Companies
Dec 15, 2023

Coca-Cola Japan to expand trial of dynamic-price vending machines

The dynamic pricing scheme allows the prices of vending machine items to be raised when demand is high and lowered when sales are low.
A liquefied natural gas terminal jointly operated by Tokyo Gas and JERA in Yokohama
BUSINESS / Companies
Dec 16, 2023

Tokyo Gas unit buys U.S. producer Rockcliff Energy for $2.7 billion

The deal is part of Tokyo Gas' efforts to expand its North American shale gas operations to meet growing demand for natural gas.
Packages of tofu on the production line at the Yamami factory in Oyama, Shizuoka Prefecture
BUSINESS / Companies
Dec 18, 2023

Tofu-maker Yamami sees shares surge after automating ancient craft

At its newest factory at the foot of Mount Fuji, the company, one of the few that’s listed, can produce 15,000 units of the bean curd each hour.
In Toshiba, JIP takes on a sprawling company far bigger and more complex than any it acquired before.
BUSINESS / Companies / FOCUS
Dec 19, 2023

In buying Toshiba, JIP takes on corporate Japan's toughest job

While the fund has quietly built up a track record by carving out businesses from big manufacturers, Toshiba is more complex than any it acquired before.
A pint is poured inside the Grapes public house in Limehouse, south London, on Dec. 14. Pubs have served Roman soldiers, knights and poets, and have been a gathering place for communities to enjoy a brew beside a crackling fire for centuries.
BUSINESS / Economy
Dec 20, 2023

Last orders? British pubs hit by rising costs and changing tastes

High inflation, energy bills and business rates are cutting into increasingly stretched earnings, as many find other ways to spend time and money.
Attendees play the Fate/Samurai Remnant video game on PlayStation 5 video game consoles at the Tokyo Game Show in September.
BUSINESS / Companies
Dec 21, 2023

Sony highlights PS5 momentum as hardware sales top 50 million

Sony is seeing strong momentum for its PlayStation 5 console, a senior games executive has said, with lifetime sales exceeding 50 million units and the company recording its best-ever Black Friday period sales for the device.
A designer at work at Vietnamese internet firm VNG in Ho Chi Minh City
BUSINESS / Tech
Dec 24, 2023

'Beyond our borders': Vietnam tech firm VNG takes on world best

Beyond gaming, VNG also dabbles in fintech and AI, with a mission to show the world what Vietnam and its engineers are capable of.
Morgan Stanley MUFG Securities hopes to record its highest-ever income from Japan in the current fiscal year, and work together with Mitsubishi UFJ Morgan Stanley Securities to overtake Nomura Holdings as the top broker in the country.
BUSINESS / Companies
Dec 25, 2023

Morgan Stanley expects record Japan revenue as BOJ fuels trading

Shift in the nation's monetary policy could spur more client activity, says the CEO of Morgan Stanley MUFG Securities.
BYD exhibits its cars ahead of the Munich Motor Show in September.
BUSINESS / Companies
Dec 27, 2023

China's BYD set to overtake Tesla as world’s most popular EV maker

Its ascent will be both a symbolic turning point for the market and further confirmation of the growing Chinese clout in the global automotive sector.

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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