Search - business

 
 
Nikon President Muneaki Tokunari in Tokyo on Wednesday
BUSINESS / Companies
Jul 17, 2024

Nikon fields ‘remarkable’ demand for older chip tools in China

Nikon is making a strong marketing push in China with its new argon-fluoride lithography machines, released earlier this year.
Taro Kono, Japan's digital transformation minister, speaks during an interview in Tokyo on Wednesday.
BUSINESS
Jul 17, 2024

Taro Kono says central bank needs to raise rates to lift yen

Kono’s remarks could add to pressure on the Bank of Japan’s policy board to raise interest rates when it meets at the end of this month.
Passenger aircraft operated by All Nippon Airways at Haneda Airport in Tokyo. ANA has developed an autonomous driving vehicle to tow cargo containers.
BUSINESS / Companies
Jul 17, 2024

Tokyo airport trials driverless cargo vehicle

The trial, the first of its kind at a Japanese airport, is part of government-backed efforts to innovate the air transport industry.
Illustrious historical figures swoop in to save Japan amid the COVID-19 pandemic in “What If Shogun Ieyasu Tokugawa Was to Become the Prime Minister.”
CULTURE / Film
Jul 18, 2024

‘What If Shogun Ieyasu Tokugawa Was to Become the Prime Minister’: A historical dream team underperforms

Esteemed figures from Japan’s past are digitally reincarnated to lead the country through a time of crisis in Hideki Takeuchi’s flat-footed comedy.
The International Monetary Fund lowered its 2024 growth estimate for Japan by 0.2 point to 0.7%, citing temporary production suspensions at some automakers over their vehicle test cheating, as well as weak private investment.
BUSINESS / Economy
Jul 17, 2024

IMF cuts Japan's growth forecast, upbeat on consumption prospects

The IMF says it expects Japan's economy to expand 0.7% this year, down 0.2 percentage point from its forecast in April, after an 1.9% increase in 2023.
Unionists hold a rally in Tokyo in April. Households' real cash earnings have been falling year on year for more than two years, with the weakening of the yen making the situation only more difficult as prices of imported goods increase rapidly.
BUSINESS / Economy
Jul 17, 2024

Japan’s minimum wage might not budge much if corporate fears prevail

While households desperately need a big raise, smaller businesses might not be in a position to handle an increase as they struggle with the weak yen.
The background footage shows a Chinese Coast Guard ship using a water cannon against a Filipino resupply vessel, during a news conference at the Department of Foreign Affairs in Manila in August 2023.
COMMENTARY / World
Jul 18, 2024

The risky business of standing up to Beijing

Philippines faces balancing act between economic interests and territorial rights.
Ukrainian President Volodymyr Zelenskyy (left) speaks to the press next to German Chancellor Olaf Scholz at the Ukraine Recovery Conference in Berlin on June 11.
WORLD / Politics
Jul 18, 2024

Germany says it will halve its military aid for Ukraine

German aid to Ukraine will be cut to €4 billion ($4.35 billion) in 2025 from around €8 billion in 2024.
The S&P 500 drops from all-time highs amid a selloff in chipmakers.
BUSINESS / Tech
Jul 18, 2024

High-flying chipmakers see worst plunge since 2020

Concern about tighter U.S. restrictions on chip sales to China spurred a selloff in the industry that has led the bull market in stocks.
Ukrainians walk past the headquarters of the International Olympic Committee to protest the organization's plan to have Russian athletes compete in Paris under a neutral flag.
OLYMPICS
Jul 18, 2024

Russian athletes headed to Paris break IOC’s rules, NGO says

A total of 33 out of 59 athletes were in violation of the IOC’s guidelines on participation, a report from The Hague-based Global Rights Compliance concluded.
Japan’s exports grew for a seventh consecutive month in June, government data has shown.
BUSINESS / Economy
Jul 18, 2024

Japan’s exports rise for seventh month, supporting growth

Exports gained 5.4% in June from a year ago, led by chip-making gear and nonferrous metals.
Republican presidential nominee and former U.S. President Donald Trump and Republican vice presidential nominee JD Vance applaud on the second day of the Republican National Convention, at the Fiserv Forum in Milwaukee, Wisconsin, on Tuesday.
WORLD / Politics
Jul 18, 2024

Trump's running mate J.D. Vance set to take spotlight in convention speech

The Republican campaign was dramatically altered four days ago when Trump narrowly survived an attempt on his life at a political rally in Pennsylvania.
The yen rose to the ¥155 range against the dollar, the highest in almost two months, in Tokyo on Thursday.
BUSINESS / Markets
Jul 18, 2024

Yen rally shakes markets, sending dollar to weakest level since May

There is ongoing speculation that authorities could intervene again to prop up the yen.
Saga Indonesia Dreams players speak with Yuji Fukuhara, who set up the unique Kyushu-based club, during a training session last month in Takeo, Saga Prefecture.
BASEBALL
Jul 18, 2024

Kyushu team nurturing 'baseball evangelists' to spread game in Asia

Kyushu club hopes its players, mostly hailing from parts of Asia where baseball is not popular, will help promote the sport in other parts of the continent.
The Illuminate USA solar panel plant in Pataskala, Ohio, on Monday
ENVIRONMENT / Energy
Jul 18, 2024

Many U.S. solar factories are lagging, except for those China owns

Chinese companies will have at least 20 gigawatts' worth of annual solar panel production capacity on U.S. soil within the next year.
Namibia is emerging as an oil exploration hub with major finds by different oil giants, which could significantly boost the country's economy.
BUSINESS / Markets
Jul 18, 2024

African outpost Namibia gets ready to become new oil hotspot

Massive oil finds 180 miles off Namibia’s coast have seen an 80% success rate since 2022 — an almost unprecedented achievement.
U.S. Vice President Kamala Harris supports President Joe Biden as he speaks from the White House on Sunday about the shooting of his Republican challenger, Donald Trump.
COMMENTARY / World
Jul 18, 2024

It’s no big deal that a woman may be the president. What a beautiful thing.

Despite some lingering biases, evidence suggests that female leaders often outperform male leaders, particularly in areas like public health.
Dodgers slugger Shohei Ohtani speaks with Cubs pitcher Shota Imanaga during MLB All-Star festivities at Globe Life Field in Arlington, Texas, on Monday.
BASEBALL / MLB
Jul 19, 2024

Dodgers and Cubs to open 2025 MLB season in Tokyo

The opening series at Tokyo Dome marks the 25th anniversary of the first regular-season games played in Japan.
The underperformance of the Tokyo Stock Exchange's Growth Market 250 illustrates how smaller companies may bear a heavier burden should Bank of Japan officials raise interest rates.
BUSINESS / Markets
Jul 19, 2024

Newfound love for Japan’s small cap stocks to be tested

Strategists are increasingly concerned that the prospect of rising interest rates will weigh on smaller businesses that are vulnerable to rising borrowing costs.
Japan cut its economic growth forecast for the current fiscal year, reflecting weaker-than-expected private consumption.
BUSINESS / Economy
Jul 19, 2024

Japan cuts growth forecast as prime minister warns of weak-yen pain

The government cut its economic growth forecast for the current fiscal year ending in March 2025 to 0.9% from 1.3% projected in January.
The Bank of Japan's headquarters in Tokyo
BUSINESS
Jul 19, 2024

BOJ urged to halve bond buying in scheduled tightening plan, minutes show

A significant number of the participants also urged the BOJ to taper bond purchases gradually to avoid upending the bond market.
A large screen in the Dubai Metro is out of service on Friday amid a massive global IT outage.
WORLD
Jul 20, 2024

From ATMs to flights, epic IT crash leaves trail of destruction

In what will go down as the most spectacular IT failure the world has ever seen, a botched software update from a cybersecurity firm caused a global systems outage.
The CrowdStrike offices in Sunnyvale, California, on Friday
BUSINESS / Tech
Jul 20, 2024

CrowdStrike update that caused global outage likely skipped checks, experts say

Faulty code resulted in one of the most widespread tech outages in recent years for companies using Microsoft's Windows operating system.
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes
BUSINESS / Tech / FOCUS
Jul 20, 2024

Trump’s disdain for digital dollar risks ‘Cold War era’ in money

His vow to never allow the dollar to be digitized may turn money into a new front in Trump's trade war with China.
An aerial view on Monday of the Butler Farm Show grounds in Butler, Pennsylvania, where a gunman attempted to assassinate former President Donald Trump during a campaign rally on July 13.
WORLD / Crime & Legal / FOCUS
Jul 20, 2024

From honor student to the gunman who tried to kill Donald Trump

Thomas Crooks was a brainy and quiet young man who built computers and won honors at school, impressing his teachers. Then he became a would-be assassin.
Former U.S. Secretary of State Mike Pompeo speaks during the last day of the 2024 Republican National Convention on Thursday in Milwaukee, Wisconsin.
BUSINESS / Companies
Jul 20, 2024

Nippon Steel hires Mike Pompeo to help clinch purchase of U.S. Steel

Pompeo, who served as the U.S.’ top diplomat under Donald Trump, will be an adviser to the Japanese company for its $14.1 billion purchase.
As childish as Ryokan may have been, human suffering wrung his heart. A portrait of the monk and calligraphy by him are shown here. (Ink on paper; early 19th century; replica before 1970)
JAPAN / History / The Living Past
Jul 21, 2024

Ryokan and us: 'How wide! How boundless!'

The Edo Period monk could see the world through a child's eyes, maybe even those of a child from our modern era.
The No. 1 reactor building stands at Korea Hydro & Nuclear Power Co.'s Shin-Kori nuclear power plant in Ulsan, South Korea.
BUSINESS
Jul 21, 2024

South Korea edges ahead of rivals to build Europe’s nuclear reactors

A pair of projects in the Czech Republic could set up South Korea to build reactors for Western countries that are reconsidering nuclear energy.
Data has shown that Western pension funds may inadvertently be helping Russian President Vladimir Putin as Moscow looks to ramp up liquefied natural gas exports to replenish Kremlin coffers and fund its war in Ukraine.
BUSINESS / Economy
Jul 21, 2024

How U.S. pension funds help Putin’s gas gambit

The case spotlights the opacity of the global finance and how hard it remains to sever Moscow from a key revenue source even two years after the Ukraine invasion.
U.S. Vice President Kamala Harris arrives aboard Air Force Two in Buzzards Bay, Massachusetts, traveling to a campaign fundraiser, on Saturday.
WORLD / Politics
Jul 21, 2024

Trump campaign prepares attack plan for Harris in case Biden withdraws

The effort assumes that the U.S. vice president would be the most likely candidate to replace the president at the top of the Democratic ticket.

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji