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Rachel Culin, a disenchanted Toyota owner, standing between her Toyota Prius and new Chevy Bolt at her home in Mesa, Arizona. The world’s largest carmaker dominates the sales of hybrid cars but has been slow to sell all-electric vehicles, alienating some customers and hurting sales.
BUSINESS / Companies
Sep 8, 2023

Toyota, a hybrid pioneer, struggles to master electric vehicles

The world’s largest carmaker dominates the sales of hybrid cars but has been slow to sell EVs, alienating some customers and hurting sales.
Workers in front of residential buildings under construction at the Phoenix Palace project, developed by Country Garden Holdings, in Guangdong province, China, on Sept. 21
BUSINESS / Markets
Sep 26, 2023

China’s ailing property market faces key test over golden week

The stakes are higher than ever this year, as the housing slowdown weighs on China’s economic recovery.
Tesla is offering discounts and service improvements to appease European leasing companies upset by price cuts and repair issues.
BUSINESS / Companies
May 20, 2024

Tesla giving discounts to European fleet buyers in damage-control drive

After years of sharp growth, Tesla's global sales and profits are declining, with an 8.5% drop in deliveries during the first quarter, marking its first decrease in four years.
The Porsche booth at the Beijing International Automotive Exhibition in Beijing on April 25
BUSINESS / Economy
Jul 24, 2024

China’s slowdown is taking a rising toll on European profits

From luxury brands to carmakers, more trouble is coming for European businesses heavily reliant on demand in the Asian economic giant.
Liquor store P&V Wine + Liquor Merchants owner Louise Dowling
BUSINESS / Economy
Sep 6, 2024

Cash-strapped consumers are giving Australia's liquor makers a headache

Australia's alcohol industry is in its sharpest downturn in memory as more people cut back on discretionary spending and turn to healthier ways to relax.
Nike has been particularly criticized for failing to prioritize runners, one of its key markets.
BUSINESS / Companies
Oct 2, 2024

Nike seeks to wipe slate clean for new CEO and withdraws guidance

Investors are looking for the new CEO to rebuild Nike’s frayed relationships with retailers and staff who’ve lost faith in the company’s trajectory.
The Energy Powerwall Home Battery charging station in Brussels in 2023
BUSINESS / Tech
Dec 17, 2024

New EU emissions rules drive petrol car price hikes and EV discounts

Analysts say major carmakers have adjusted their pricing strategy to curb demand for heavy emitters and make pricier electric models appealing.
An Apple store in Beijing. The iPhone has increased its percentage of total smartphones sold around the world while expanding its share of sales in four of the world’s largest regions: China, Japan, Europe and India.
BUSINESS / Tech
Sep 12, 2023

As smartphone industry sputters, the iPhone expands its dominance

The iPhone has about one-fifth of the world’s smartphone sales, up from a low of 13% in 2019.
Bottles of whisky sit on display behind the bar at the Door XXV private club in the Golden Equator Group office in Singapore.
BUSINESS / Companies
Sep 13, 2023

Asia takes over the world’s whisky market

Yearslong efforts by Pernod, Diageo and other major whiskey producers to get Asian drinkers to spend more on their premium spirits are finally paying off.
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.
Toyota's hybrid RAV4 Prime at an auto show in Los Angeles in 2019
BUSINESS
Feb 2, 2024

Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown

Toyota is expected to offer an upbeat outlook when it reports its earnings on Tuesday, helped by its heavy reliance on hybrids.
Toyota raised its annual net profit forecast to a record high ¥4.5 trillion in the year ending in March.
BUSINESS / Companies
Feb 6, 2024

Toyota raises annual net profit forecast as chip shortage eases

But scandals involving rigged engine and safety tests at subsidiaries led the firm to slightly revise down its sales target for the financial year.
The tail of a BYD electric vehicle sports the company’s motto, “build your dreams,” at a dealership in Shenzhen, China, on Jan. 29.
BUSINESS / Companies
Feb 12, 2024

How China built BYD, its Tesla killer

BYD’s sales, over 80% of them in China, passed Tesla in worldwide sales of fully electric cars late last year.
A man walks past a store of luxury brand Burberry at a shopping mall in Beijing in 2021.
BUSINESS / Markets
Jul 17, 2024

Luxury brands feel the sting as Chinese growth slows

China accounted for 16% of $393.8 billion of global luxury spending last year, but the economy grew slower than expected in the last quarter.
Wealthy Chinese shoppers are buying luxury goods in Japan to take advantage of favorable exchange rates, which is hurting European luxury brands' profitability.
COMMENTARY / Japan
Sep 8, 2024

Big Luxury frets that China is turning Japanese

Wealthy Chinese shoppers are buying luxury goods in Japan to take advantage of favorable exchange rates, which is hurting European luxury brands' profitability.
People line up outside an Apple store in Beijing on Sept. 20.
BUSINESS / Markets
Nov 4, 2024

Buffett keeps cutting Apple stake, with value down 60% this year

Berkshire cut its Apple holdings by roughly 25% in the period, after cutting it by almost half in the second quarter.
A worker clears away snow as last-minute grocery shoppers leave a Market Basket supermarket during a fast-moving winter storm in Plymouth, Massachusetts, on Feb. 13.
BUSINESS / Tech
Nov 5, 2024

In a changing climate, retailers turn to weather data predictions

Weather data, once used strictly for inventory planning, is now helping retailers localize advertising and decide when to discount seasonal items such as sweaters.
Satoko Shisai
BUSINESS / WOMEN AT WORK
Dec 15, 2024

Forging a career through digital transformation and mindset change

Backed by a strong belief in career ownership, Satoko Shisai built her own success at IBM Japan and Chugai.
The Nio logo on a steering wheel of an electric vehicle at the automaker's dealership in Shanghai
BUSINESS / Tech
Dec 23, 2024

China’s Nio unveils $108,000 EV to take on Porsche and Mercedes

Once one of the brightest rising stars in China’s electric vehicle market, Nio has fallen short of sales targets, with U.S.-traded shares slumping about 50% this year.
Economic uncertainty has left some U.S. drinkers looking for ways to rein in their booze spending, according to three of the largest U.S. spirits distributors.
BUSINESS
Dec 24, 2024

Shrinking U.S. bar tabs signal little festive cheer for liquor makers

Some drinkers are switching to cheaper liquor brands and venues or reducing the amount of out-of-home celebrations they attend.
The latest sale plan of Japanese government bonds reflects the government's efforts to fill a huge hole left by the BOJ's diminishing presence in the JGB market.
BUSINESS / Markets
Dec 26, 2024

Government plans to sell more JGBs for first time in four years, draft shows

Much of the increase will be made in shorter-dated debt to tap demand from Japanese banks.
EV adoption is cruising along in the U.S., despite a backlash against the industry’s largest players.
BUSINESS / Tech
Apr 29, 2025

As Tesla falters, these new EVs are picking up the pace

Sales of electric vehicles climbed to 294,000 in the first quarter of the year, a 10.6% increase compared with the year-earlier period.
An advertisement for Louis Vuitton in Kuala Lumpur on Friday
BUSINESS / Markets
Jul 29, 2025

U.S. tariffs to test pricing by luxury brands already paying for dramatic hikes

Estimates suggest big luxury companies already raised prices by 33% on average between 2019 and 2023.
For Suzunobu, a small rice specialty shop in Tokyo's Meguro Ward, distribution delays have resulted in it struggling to sell stockpiled rice secured from the government, owner Toyozo Nishijima said.
JAPAN / Politics / FOCUS
Aug 26, 2025

Rice woes weigh down Koizumi's first three months as farm minister

Early forecasts have also indicated that the relatively poor rice harvest this year will drive the price of the staple back up.
Tokyo Gendai is described by fair organizers Art Assembly as Tokyo Bay’s first international contemporary art fair in 30 years.
CULTURE / Art
Jul 22, 2023

Can a new art fair finally put Tokyo on the map?

Tokyo Gendai puts on a good event but still needs to change Japanese opinions on contemporary art.
The famous Nike swoosh and Air Jordan logo on an Air Jordan 1, called "Notorious" and released from 1984-85, during a preview for "The Rise of the Sneaker Culture" exhibit at the Brooklyn Museum in New York in 2015.
BUSINESS / Markets
Sep 28, 2023

Air Jordan resale prices tumble, casting shadow over Nike

Sneaker styles that once sold on StockX for $100 or more above Nike's list price are now selling for a premium of less than $10.
KitKat-maker Nestle has pledged to increase sales of products that have a Health Star Rating of 3.5 or above by around 50% in the eight years through 2030, but investors say that isn't enough.
BUSINESS / Companies
Oct 4, 2023

Nestle isn’t doing enough to sell more nutritious food, investors say

Obesity is a growing health crisis in much of the world and food companies have been under pressure to make their portfolios healthier.
An assembly engineer works on a TWINSCAN DUV lithography system at ASML in Veldhoven, Netherlands, in June.
BUSINESS / Tech
Oct 21, 2023

The multimillion-dollar machines at the center of the U.S.-China rivalry

Complex lithography machines that print intricate circuitry on computer chips are at the heart of Washington's tough new measures on Beijing.
Toshihiro Mibe, president and chief executive officer of Honda at the Japan Mobility Show, in Tokyo in October
BUSINESS / Companies
Nov 12, 2023

Booming profits bolster Japan automakers’ cautious EV shift

The Japanese auto sector is on track this year to exceed its peak operating profit of around ¥5.4 trillion in fiscal 2015.
A sign is seen outside a Tianjin Faw Toyota Motor showroom, a joint venture between China's Tianjin FAW Xiali Automobile and Toyota Motor, in central Beijing, in October 2012.
BUSINESS / Companies
Dec 2, 2023

Toyota says it halts some Tianjin operations after report

Toyota Motor has halted production on some aging lines at joint venture in China while operations continue as normal.

Longform

Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?