Search - business

 
 
Renault and Nissan will be able to reduce their cross-ownership to no less than 10%, from 15% previously, Renault said Monday.
BUSINESS / Companies
Apr 1, 2025

Renault and Nissan back more share sales in alliance loosening

The firms will be able to reduce their cross-ownership to no less than 10%, from 15% previously, Renault said.
Bank of Japan Gov. Kazuo Ueda told parliament on Wednesday that new U.S. tariffs could have a large impact on trade activities among nations, depending on their size and the area they cover.
BUSINESS / Economy
Apr 2, 2025

U.S. tariffs could have big impact on global trade, BOJ chief says

Gov. Kazuo Ueda also underlined the potential of such tariffs affecting households and business sentiment, which would go on to influence overall spending.
Containers are loaded onto a ship at the Port of Baltimore, Maryland, on Wednesday ahead of U.S. President Donald Trump's announcement of new tariffs.
BUSINESS / Economy
Apr 3, 2025

Trump tariffs pile stress on ailing world economy

They will sap yet more vigor from a world economy barely recovered from the post-pandemic inflation surge.
Seiji Adachi, a former member of the Bank of Japan's Policy Board, says there is a chance of a May rate hike.
BUSINESS / Economy
Apr 3, 2025

Ex-board member who just left BOJ sees chance of May rate hike

Seiji Adachi, whose five-year term ended last week, said he would probably vote for a rate hike in the central bank's May meeting if one was proposed.
Prime Minister Shigeru Ishiba speaks during a news conference at the Prime Minister's Office on April 1. He has said that Japan is facing a "national crisis" following the introduction of new tariffs by the United States.
BUSINESS / Economy
Apr 4, 2025

Japan digs deep to address 'national crisis' caused by Trump tariffs

Prime Minister Shigeru Ishiba vows to "unite the entire country" in response to the crisis.
U.S. President Donald Trump on Friday extended by 75 days a deadline for ByteDance to sell U.S. assets of the popular TikTok short video app to a non-Chinese buyer, or face a ban that was supposed to have taken effect in January under a 2024 law.
BUSINESS / Tech
Apr 5, 2025

TikTok deal put on hold after China indicated it would reject it over tariffs

Trump extended by 75 days a deadline for ByteDance to sell U.S. assets of the popular short video app to a non-Chinese buyer.
Mounting screws and a small plaque bearing the name of U.S. President Donald Trump are all that remain on a wall in the Presidential Portrait Gallery, where a portrait of Trump once hung, at the Colorado Capitol in Denver on March 25.
WORLD / Politics
Apr 6, 2025

Artist of 'distorted' portrait says Trump complaint harming business

Colorado removed the official portrait of Trump from display in the state's capitol building last month after the president complained that it was deliberately unflattering.
Hedge funds are trying to hire more in Japan, as traders look to power markets in the country with more green energy and uncertainties surrounding nuclear plant restarts.
BUSINESS / Markets
Apr 9, 2025

Hedge funds eye volatile Asia power markets with new hires

They are pushing into the region with the aim of offsetting declining profits from mainstay commodities.
Hon Hai Precision Industry's chief strategy officer for electric vehicles, Jun Seki, speaks during an interview.
BUSINESS / Companies
Apr 9, 2025

Hon Hai makes case to build EVs for Japan’s automobile industry

Electrified cars and buses made by Foxconn, as the Taiwanese company is known, will appear on roads in Japan over the next few years, its EV strategy chief says.
A man recycles electronic waste from computer power supplies at a scrap yard in Ahmedabad, India
BUSINESS / Companies
Apr 11, 2025

From Daikin to Samsung, companies fight Modi over e-waste policy

India wants to tackle its mounting e-waste problem. Global electronics companies say the cost is too high.
A sign outside the headquarters of JP Morgan Chase & Co in New York in 2013
BUSINESS / Markets
Apr 14, 2025

JPMorgan analyst says he now tempers public comments on U.S. tariffs

Michael Cembalest, chair of market and investment strategy and a Wall Street veteran, said he had not been able to fully express his views.
Workers iron items of clothing at a Thai Son S.P. Co. garment factory in Binh Thuan province, Ho Chi Minh City, Vietnam, on April 10.
BUSINESS / Markets
Apr 17, 2025

Vietnam’s factory-based growth model at risk in global trade war

For factory owners, what happens beyond a 90-day pause in tariffs announced by U.S. President Donald Trump is a big question mark.
The 7-Eleven convenience store operator plans to add five new directors to the board, four of whom will be from outside the company.
BUSINESS
Apr 17, 2025

Seven & I proposes five new directors as part of board revamp

The 7-Eleven convenience store operator plans to add five new directors to the board, four of whom will be from outside the company.
Indian Prime Minister Narendra Modi walks as he receives U.S. Vice President JD Vance, his wife, Usha Vance, along with their children, before Vance and Modi's meeting in New Delhi on Monday.
BUSINESS / Economy / ANALYSIS
Apr 22, 2025

As U.S. VP visits India, all eyes on New Delhi’s tariff strategy

Experts warn that India’s response — even if successful — might not offer a blueprint for others since each has a unique relationship with the U.S.
Apple responded fiercely to the European Union penalty, accusing the bloc’s regulators of discriminating against the company and forcing it to give away its technology for free.
BUSINESS / Companies
Apr 24, 2025

Apple and Meta hit by $798 million in EU tech fines after Trump threats

The punishments are far lower than previous ones under traditional EU competition law, and are likely to be seen as an attempt to avoid provoking Trump.
Stephen Dacus, incoming chief executive officer of Seven & I Holdings, speaks during an interview at the company's headquarters in Tokyo on Friday. Dacus plans to boost investments in its U.S. stores using cash from a planned listing of its American retail operations.
BUSINESS / Companies
Apr 25, 2025

Seven & I’s new CEO plans aggressive investments in U.S. stores

In addition to investing in its North America operations, Stephen Dacus is also looking to review the company’s supply chain globally.
Toyota Motor Corp. Chairman Akio Toyoda after a meeting in Beijing last month
BUSINESS / Companies
Apr 25, 2025

Toyota chairman proposes record buyout of its supplier at $42 billion valuation

The proposal values Toyota Industries, which makes looms for textiles as well as parts for Toyota’s cars, at a premium of 40% over its closing stock price on Friday.
Resona Bank officials attend a ceremony in Los Angeles on Friday to open its first U.S. office in 21 years.
BUSINESS / Companies
Apr 27, 2025

Resona Bank sets up U.S. office for first time in 21 years

The move reflects the bank's aim to enhance business support for some 1,200 client companies operating in the United States.
Net income at Daiwa Securities Group tumbled 24% year-on-year to ¥30 billion ($208 million) in the three months ended March 31.
BUSINESS / Companies
Apr 29, 2025

Japanese brokerages struggled with volatility even before tariffs

Net income at Daiwa tumbled 24% year-on-year to ¥30 billion ($208 million) in the three months ended March 31, marking the first decline in eight quarters.
Japan’s carmakers are being pushed to combine their resources in an environment roiled by tariffs, as well as to counter Chinese auto firms’ rapid expansion.
BUSINESS / Companies
Apr 30, 2025

Japan's carmakers face consolidation amid tariffs and China's rise, says hedge fund

Man Group’s Stephen Harget thinks the phenomenon could be Japan-specific as automakers in other regions have already been through such a cycle.
Google has been pushing back on the remedies proposed by the U.S. to address its search dominance — one of which is sharing search data with rivals.
BUSINESS / Tech
May 3, 2025

U.S. presses for Google to share data by citing Yahoo Japan deal

Google has long had a relationship with Yahoo Japan to provide it with search results and some backend work related to search advertising.
A Shein pop-up store in New York. Many goods imported from China now face a 145% tariff.
BUSINESS
May 3, 2025

Young Americans sour on Trump’s China tariffs despite election-year bump

For Republicans, the trade war is poised to reverse gains with a demographic that could be key to maintaining control of Congress.
Warren Buffett, CEO of Berkshire Hathaway, speaks to the media as he arrives at an annual shareholders meeting in Omaha, Nebraska, in May, 2019.
BUSINESS / Companies
May 4, 2025

Warren Buffett to retire from Berkshire Hathaway by year's end

Buffett indicated several years ago 62-year-old Greg Abel would be his pick for successor.
The Hollywood sign is framed by palm trees as Donald Trump unveils a 100% tariff on films made outside of the U.S., in Los Angeles, California, on Monday.
BUSINESS / Economy
May 6, 2025

Trump tariff order on movies leaves film industry flummoxed

Tariffs on movies might prove more difficult to implement than even the highly integrated North American automobile industry.
The Nike House of Innovation store on Fifth Avenue in New York. CEO Elliott Hill, who came out of retirement to take the top job in October, said that Nike is resetting its priorities.
BUSINESS / Companies
May 6, 2025

Nike president O’Neill out in latest shake-up under new CEO

CEO Elliott Hill said the sportswear company is resetting its priorities.
Jun Seki, chief strategy officer of Hon Hai Precision Industry's electric vehicle business, speaks during a news conference in Tokyo on April 9.
BUSINESS / Companies
May 7, 2025

Hon Hai to make Mitsubishi an EV for Australia and New Zealand

The partnership makes Mitsubishi the first major customer for the Taiwanese contract manufacturer's fledgling EV business.
Fed Chair Jerome Powell said that at this point, it isn't clear if the economy will continue its steady pace of growth, or wilt under mounting uncertainty and a possible coming spike in inflation.
BUSINESS / Economy
May 8, 2025

Fed sees rising risks to economy as it leaves rates unchanged

With so much uncertainty over Trump's tariff moves, Fed Chair Jerome Powell said "It's really not at all clear what it is we should do."
SusHi Tech Tokyo 2025 was bustling with participants of various nationalities Thursday, and multiple languages could be heard around the room as many engaged in conversations throughout the day.
BUSINESS / Tech
May 8, 2025

SusHi Tech Tokyo 2025 expands to become one of Asia's largest startup events

This year, the conference — focused on sustainable cities and high technology — feels bigger and more global.
U.S. President Donald Trump shakes hands with Britain's ambassador to the United States, Peter Mandelson, after announcing a trade deal with the U.K., in the Oval Office at the White House in Washington on Thursday.
BUSINESS / Economy
May 9, 2025

Trump and Starmer hail limited U.S.-U.K. trade deal, but 10% duties remain

Trump pushed back against seeing the U.K. deal as a template for other negotiations, saying that many other trading partners may end up with much higher final tariffs.
U.S. Treasury Secretary Scott Bessent takes questions at the White House on April 29. Bessent, a former hedge fund manager, is leading trade talks with China in Geneva.
BUSINESS / Economy
May 11, 2025

U.S. and China conclude first day of talks in bid to ease trade war

U.S. President Donald Trump said negotiators had "a very good meeting” on their first day of an effort to deescalate the rivals' trade war.

Longform

Bear attacks have dominated Japanese news headlines in recent months, with 13 people so far having been killed by the animals.
Japan’s bears have been on their killing spree for more than 100 years