Hundreds of Lebanese women marched across a former front line in the Lebanese capital Wednesday carrying white roses and Lebanese flags to denounce overnight clashes between rival groups that injured dozens of people. They pledged no return to civil war. But amid a political impasse ...
Japan's ruling bloc calls for ¥10 trillion to boost typhoon recovery and slowing growth
Analysts have doubts about the ability to spend such a large amount given the government debt.
South African Airways cancels flights as union ranks ready strike over wages and job cuts
South African Airways (SAA) has canceled flights scheduled for Friday and Saturday because of a pending strike by a majority of employees over a wage dispute and the state-run carrier's plans to cut jobs. The airline had hoped to avert the walkout with a revised ...
The right way to finance disaster recovery
China's financial largesse in the Pacific carries "clear risks" for stability if left unchecked, a Sydney think tank has warned, while also saying allegations of "debt-trap" diplomacy are, so far, overblown. In a study released Monday, the influential Lowy Institute warned that fragile Pacific nations ...
Takeda nears deal on sale of Russia, Mideast and Africa assets to private equity firms
Takeda Pharmaceutical Co. is nearing the sale of a portfolio of assets in the Middle East, Africa and Russia to separate buyout firms that could help the drugmaker raise about $1 billion to reduce debt, according to people familiar with the matter. The company is ...
Takeda Pharmaceutical to sell drug assets in emerging markets and Europe: sources
Takeda Pharmaceutical Co. is close to selling some assets in emerging markets and Western Europe, people familiar with the matter said, in a move that would help the Japanese drugmaker reduce its debt pile. Takeda may announce the sale of over-the-counter and prescription drugs in ...
Struggling auto parts maker Akebono Brake to close six plants globally
Embattled auto parts maker Akebono Brake Industry Co. said Wednesday that it will close six plants at home and abroad to rebuild its business. The plant closures are part of the company's turnaround program, which was accepted at a meeting of its creditors the same ...
The mystery of low inflation despite huge debt
What is the condition that makes it possible for Japan to sustain budget deficits over a long period of time?
China's companies have unseen foreign debt that's maturing fast
The foreign debt built up by Chinese companies is about a third bigger than official data show, adding to the pressure on the country's currency reserves as a wave of repayment obligations approaches in 2020. On top of the $2 trillion in liabilities to foreign ...
S&P warns it could be bubble time again for Japan's real estate companies as debts rise
Japan's real estate firms are entering dangerous territory. That's the assessment of S&P Global Ratings, which said in a report Friday that the sector's debt levels now eclipse that of the nation's bubble era. Remember that? It was back in the 1980s, when newspaper headlines ...
Slovenia faces similar fiscal challenges to Japan, Finance Minister Andrej Bertoncelj says
Slovenia has similar challenges to Japan in terms of huge government debts and an aging population, and both countries can learn from each other, Slovenian Finance Minister Andrej Bertoncelj said this week in Tokyo. In an interview with The Japan Times on Wednesday, Bertoncelj, who ...
