Search - business

 
 
A man stands next to a model of SpaceX’s Falcon 9 rocket, which was used to launch several Indonesian satellites into orbit, at the office of Pasifik Satelit Nusantara, an Indonesia’s satellite-based telecommunication firm, in Jakarta on Jan. 15.
BUSINESS / Companies
Feb 20, 2024

How a Chinese rocket failure boosted SpaceX's fortunes in Indonesia

Elon Musk seized on the incident to prevail over a state-owned Chinese contractor as Jakarta's company of choice for putting satellites into space.
Laws governing global e-commerce and the growing tidal wave of data that crosses borders may soon change.
BUSINESS / Companies
Feb 22, 2024

Streaming a movie abroad may soon come with taxes at the border

It's still unclear exactly how governments would implement digital tariffs.
People take photos of electronic screens showing the Nikkei average surging to its highest level ever, outside a brokerage in Tokyo on Thursday.
BUSINESS / Markets / ANALYSIS
Feb 22, 2024

Nikkei tops late '80s peak, but is a bubble forming?

Market watchers say gains experienced by Japanese equities are well backed by earnings this time.
Nippon Steel's Kashima plant seen from a park in Kamisu, Ibaraki Prefecture. Scrutiny over Nippon Steel’s China holdings threatens to add another complication to its politically contentious deal to acquire United States Steel.
BUSINESS / Companies
Feb 23, 2024

Nippon Steel’s China assets could derail United States Steel deal

Regulators may look unfavorably on whether the acquisition of U.S. Steel could allow more access to U.S. markets for Chinese-sourced steel.
Mark Zuckerberg, CEO of Meta Platforms, in Menlo Park, California, on Sept. 27, 2023.
BUSINESS / Companies
Feb 26, 2024

Mark Zuckerberg’s Asia tour to focus on AI

The Meta Platforms’ CEO is in Japan with his family on a ski trip, and is set to meet with his developers in Tokyo to discuss virtual-reality and AI.
Business is booming for Japan's top airlines as the weak yen spurs the arrival of more foreign visitors, while local demand for international trips and domestic routes remains high.
BUSINESS
Mar 1, 2024

Japan’s top airlines to hire 3,700 workers in the next year

Business for the airlines is booming as the weak yen spurs the arrival of more foreign visitors.
Nippon Steel Executive Vice President Takahiro Mori, who is set to meet the United Steelworkers (USW) union chief this month, says the Japanese steel producer plans to uphold all of the current agreements between the union and U.S. Steel.
BUSINESS / Companies
Mar 5, 2024

Nippon Steel exec to meet USW head to seek support for U.S. Steel deal

Winning the union's backing is a priority for the Japanese steel producer because then the acquisition will be "no longer a political issue."
AI Medical Service's artificial intelligence-based endoscopic diagnostic support system is designed to help detect stomach cancer at an early stage.
BUSINESS / Tech
Mar 7, 2024

Tokyo startup looks to AI to boost gastrointestinal cancer detection

AI Medical Service thinks it can use Japan’s strengths in endoscopy to boost diagnosis of a condition responsible for 1 in 3 cancer deaths globally.
Nissan expects kei EV sales to expand, as kei cars are relatively inexpensive compared to regular cars and their size makes them suitable for short-distance trips.
BUSINESS / Companies
Mar 8, 2024

Nissan may bring ultra-compact EV production in-house from 2028, sources say

The automaker is considering moving production to its factory in Kyushu in the business year starting April 2028.
Japan revised economic data higher, reversing a quarterly contraction in October-December 2023 into positive growth and avoiding a technical recession.
BUSINESS / Economy
Mar 11, 2024

Japan’s economy avoids recession one week before BOJ meeting

The government made an upward revision to capital investment figures to reflect 2% growth, which in turn sent the country's GDP into positive territory.
NEC computers at an electronics store in Tokyo. Founded in 1899, NEC focuses on information technology and network communications, biometric recognition, the internet of things and artificial intelligence technologies, according to its website.
BUSINESS / Companies
Mar 14, 2024

Japan’s NEC weighing $500 million data center sale, sources say

The Tokyo-traded company is looking to hire financial advisers to help prepare a potential sale of the business.
Mercian's vineyard in Koshu, Yamanashi Prefecture
BUSINESS / Companies / FOCUS
Mar 18, 2024

Major Japanese beverage groups focusing more on sustainability

Initiatives have diversified to include water source preservation as well as winery tours under the theme of the U.N.'s Sustainable Development Goals.
BUSINESS / Companies
Mar 22, 2024

Seibu may sell 36-story Tokyo office building for ¥300 billion, sources say

Japan's highest value property transaction is currently the ¥436 billion sale by the government in 2022 of its stake in another Tokyo office building.
Rakuten Group's Rakuten Point is the most frequently used reward point service, according to a survey.
BUSINESS / Companies / FOCUS
Mar 25, 2024

Race to expand corporate economic blocs heats up in Japan

Corporate groups are enticing customers with a variety of services, often bolstered by reward points, primarily geared toward shopping purposes.
Last year the EU designated six companies — including Apple and Google — as "gatekeepers" under the Digital Markets Act (DMA).
BUSINESS / Tech
Mar 26, 2024

Why is the EU probing Big Tech under the Digital Markets Act?

Violations could result in fines of as much as 10% of a company's global annual turnover.
Tesla Model 3 assembly line at Tesla's factory in Fremont, California, in 2018. Before the Shanghai plant opened, Fremont was Tesla’s principal factory.
BUSINESS / Companies
Mar 27, 2024

A pivot to China saved Elon Musk. It also binds him to Beijing.

Musk is now treading a fine line, sounding the alarm about Chinese rivals, even as he remains reliant on the Chinese market.
A Xiaomi SU7 electric vehicle on display at one of the company's stores in Shanghai on Tuesday. Xiaomi declared its ambition for the SU7 to become one of China's three best-selling luxury electric vehicle models, sounding a challenge to Tesla and other rivals in an increasingly crowded market.
BUSINESS / Companies
Mar 28, 2024

Xiaomi stakes growth on debut in China’s cut-throat EV market

Reception for the SU7 vehicle will likely dictate Xiaomi’s stock momentum after a 22% gain since a February low.
Beijing-based Chinese influencer Chang Feifei has taken on many jobs to promote travel destinations in Japan, including from Universal Studios Japan and the Hankyu and Hanshin department stores.
BUSINESS / FOCUS
Mar 28, 2024

Influencers — Japan’s secret weapon to promote niche tourism spots

Followers' trust in — and reliance on — social media for travel info, even when the content is sponsored, is a key factor.
Employees work at a factory that produces LED displays in Huaian, in eastern China's Jiangsu province, on Thursday.
BUSINESS / Economy
Mar 31, 2024

China factory activity expands for first time in six months

The official manufacturing purchasing managers index rose to 50.8 from 49.1 in February, the National Bureau of Statistics said in a statement Sunday.
Rakuten CEO Hiroshi Mikitani
BUSINESS / Companies
Apr 1, 2024

Rakuten considers combining financial units

A proposed IPO of its securities unit may not proceed if the integration is realized, while the banking arm is expected to remain listed.
Customers browse Gashapon official shop “Ikebukuro Sohonten” in Tokyo.
BUSINESS / Companies
Apr 2, 2024

Top capsule-toy maker Bandai bets on huge market outside Japan

Machines for capsule toys have become ubiquitous in Japan, found not only in arcades, but also malls, supermarkets, airports and train stations.
An Ariens Company employee works on the assembly line at the company's plant in Brillion, Wisconsin.
BUSINESS / Companies
Apr 5, 2024

U.S. employment boom leaves factory workers behind

There is a stark contrast between U.S. factory employment and the four-year boom in the wider job market
Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, last May.
BUSINESS
Apr 6, 2024

Tesla scraps low-cost car plans amid fierce Chinese EV competition

The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.
Daihatsu Motor President Masahiro Inoue speaks during a news conference in Tokyo on Monday.
BUSINESS / Companies
Apr 8, 2024

Toyota tightens oversight over scandal-hit Daihatsu

Daihatsu will streamline the way it reports on development and certification to its parent Toyota Motor.
Microsoft President Brad Smith
BUSINESS / Companies
Apr 10, 2024

Microsoft to invest $2.9 billion to boost AI and cloud in Japan

The company will also open a lab in Japan focused on AI and robotics, while deepening its cybersecurity collaboration with the Japanese government.
U.S. Steel's Edgar Thomson steel mill in Braddock, Pennsylvania
BUSINESS / Companies
Apr 11, 2024

How the U.S. Steel takeover became about Biden and swing states

The turmoil threatens to strain U.S. relations with Japan while underscoring how the politics of winning swing-state voters influences business.
Despite being the home of TSMC’s new factory, the Kyushu region is facing hurdles toward expanding its semiconductor-related transactions.
BUSINESS / Companies
Apr 11, 2024

Developing Kyushu's chip supply chain still a challenge for TSMC

The issue partially stems from the high barrier of entry into the key semiconductor industry.
A guest room at the Muji Hotel Ginza. Ryohin Keikaku, the brand’s parent company, now has a new business called Muji Stay, which brings under one umbrella the retailer’s existing hotels, homes and camps.
BUSINESS / Companies
Apr 12, 2024

Japan’s Muji bets minimalist retail will work for homes and hotels

Muji currently has three hotels — one in Ginza, one in Beijing and one in Shenzhen, with rooms often booked out months in advance
Then-U.S. President Donald Trump signs an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington in February 2017.
BUSINESS / Markets / FOCUS
Apr 13, 2024

If Trump wins, he plans to free Wall Street from 'burdensome regulations'

If elected, Trump would likely cut back protections for small-scale investors and borrowers, and allow companies to raise money with less scrutiny.
Arthur Mensch, the chief executive and one of the founders of Mistral, a French artificial-intelligence startup, at the company’s offices in Paris in late March.
BUSINESS / Tech
Apr 14, 2024

Europe’s AI ‘champion’ sets sights on tech giants in U.S.

As Europe vies for AI leadership, Mistral, under Arthur Mensch, is emerging as a formidable contender against U.S. and Chinese giants.

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