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May 03, 2024
 

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CORPORATE

Sam Altman, then CEO of OpenAI, at the company’s headquarters in San Francisco in March
BUSINESS / Tech
Nov 19, 2023
OpenAI board pressed by some investors to reinstate Sam Altman
Altman is open to returning. In one scenario under consideration, members of the current OpenAI board would step down as soon as this weekend.
Lukasz Krupski, a service technician for Tesla in Norway who says he was fired after expressing safety concerns, in Drammen, Norway, on Nov. 6
BUSINESS / Companies
Nov 15, 2023
Man vs. Musk: A whistleblower creates headaches for Tesla
An employee who was fired after expressing safety concerns leaked personnel records and sensitive data about driver-assistance software.
Bigmotor's registration as an insurance agent will be revoked later this month.
BUSINESS / Companies
Nov 14, 2023
FSA to revoke Bigmotor's registration as insurance agent
The planned penalty follows an investigation into widespread acts at Bigmotor of deliberately damaging customers' vehicles to pad insurance claims.
Germany, which likely plays a key role in determining Europe’s China strategy, unveiled its 64-page strategy on China on July 13.
COMMENTARY / World / Geoeconomic Briefing
Nov 14, 2023
Germany’s China strategy is epoch-making but ambiguous
While attempting to protect its interests, Berlin has had to deal with business circles attempting to avoid damaging ties with Beijing.
Cosmo Energy is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group, led by Yoshiaki Murakami, from increasing its stake to 24.56% from the current 20%.
BUSINESS
Nov 10, 2023
Japan's Cosmo braces for 'poison pill' anti-activist vote
The refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group from increasing its stake.
The McKinsey & Company logo at the 54th International Paris Airshow on June 21
BUSINESS / Companies
Nov 8, 2023
Top consultancy undermining climate change fight: whistleblowers
Privately, the U.S.-based firm offers energy scenarios at odds with its public climate goals to the summit's decision-makers.
Steam rises from the cooling towers of the coal power plant of RWE, one of Europe's biggest electricity and gas companies, in Niederaussem, Germany.
BUSINESS / Companies
Nov 6, 2023
Just 4% of top firms meet U.N. climate target guidelines, study says
The pace of change among governments and corporations is set to form a central part of the COP28 climate talks starting later this month.
A Tasaki jewelry store in Ginza, Tokyo
BUSINESS / Companies
Nov 2, 2023
MBK Partners to sell jewelry brand Tasaki for over $500 million
Alleged trade with Myanmar has limited the scope of potential bidders, sources said.
A boy forced to engage in child labor carries a sack of cocoa beans in the Ashanti Region of Ghana in 2011. Ghana is Japan's biggest supplier of cocoa.
BUSINESS / Companies
Oct 31, 2023
Chocolate producers aim to stamp out child labor in supply chains
Though not many consumers in Japan are aware of or sensitive to the issue, some chocolate producers in the country have decided to take a stand.
Cosmo Energy Holdings has said it will call another shareholder vote in December to seek approval for a "poison pill" takeover defense against a group of activist investors.
BUSINESS / Companies
Oct 25, 2023
Cosmo calls another shareholder vote in activist defense
Japan's third-biggest oil refiner said it will not prevent the group a group of activist investors from voting this time.
A Bigmotor outlet in Tama, Tokyo
BUSINESS / Companies
Oct 24, 2023
Transport ministry orders Bigmotor to halt operations at 34 shops
Twelve of the shops had their licenses to carry out private vehicle inspections revoked.
Sawai Pharmaceutical president Motohiko Kimura (left) and chair Mitsuo Sawai apologize at a news conference in the city of Osaka on Monday.
JAPAN / Science & Health
Oct 24, 2023
Sawai joins list of drugmakers known for manufacturing misconduct
The company had been fraudulently using capsules with new, replaced outer shells for post-approval quality testing, in place of ones it should have used.
The transport ministry holds a hearing session for Bigmotor on Friday in Nagoya. Bigmotor officials did not show up.
BUSINESS / Companies
Oct 20, 2023
Transport ministry moves to punish Bigmotor outlets over fraud
Violations by the used car chain have included overcharging customers for inspection and maintenance fees.
Thanks to a rally in Japanese stocks, even some "bad governance” companies have been unfairly benefiting from the wave, a fund manager has said.
BUSINESS / Markets
Oct 16, 2023
Time to short Japan’s ‘bad governance’ stocks, hedge fund says
A rally in Japanese stocks has unfairly benefited companies that are flouting the bourse’s campaign to boost valuations, according to a fund manager.
The transport ministry plans to order major used car dealer Bigmotor to halt operations at a quarter of its vehicle maintenance outlets over suspected improper provision of services as investigations continue into insurance fraud cases.
BUSINESS / Companies
Oct 13, 2023
Bigmotor to be ordered to halt operations at 34 maintenance shops
The transport ministry has said that the company intentionally damaged vehicles to inflate repair fees.
A Bigmotor dealer branch in Saitama that was inspected by the transport ministry
BUSINESS / Companies
Oct 12, 2023
Transport ministry to penalize used car dealer Bigmotor for fraud
Penalties are planned at 34 Bigmotor outlets, with 12 possibly set to have their authority to conduct safety inspections revoked.
Pump jacks in an oil field in Midland, Texas. Big Oil is responsible for the bulk of human-induced greenhouse gas emissions and pressure for action is building.
BUSINESS
Oct 7, 2023
Exxon Mobil's megadeal to test climate-aware shareholders
Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition.
A Jera thermal power plant
BUSINESS / Companies
Oct 6, 2023
Japan climate group calls for ban on top power firm's emission claims
The group says the ads may mislead consumers as Jera fails to mention that the ammonia the utility plans to use would emit CO2 during production.
LeanIn.Org founder Sheryl Sandberg
BUSINESS / Companies
Oct 5, 2023
Women are asking for promotions, but men keep getting them
Women want to be leaders in the workplace, but employers are still passing them by in favor of their male counterparts.
Johnny & Associates president Noriyuki Higashiyama (second from right), flanked by Johnnys' Island President Yoshihiko Inohara (second from left), unveils the company name Smile-Up during a news conference in Tokyo on Monday.
JAPAN / Society
Oct 2, 2023
Johnny's to form new company in wake of sexual abuse by founder
The move comes after the agency acknowledged abuse and apologized to victims in a news conference last month.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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