EconomyLoop
where regional business news becomes global to everyone

Senate intel chief: Facebook should testify in Russia probe, has been ‘less than forthcoming’

The chairman of the Senate intelligence committee says Facebook should testify as part of its probe into Russian meddling in the U.S. election, and that ... read more

 Japan Times1 hour ago

     
Trump lawyer Cohen tells Senate panel proposed Moscow Trump Tower ‘solely a real estate deal’

An abandoned proposal to develop a Trump Tower in Moscow during the 2016 presidential election was "solely a real estate deal and nothing more," the ... read more

 Japan Times1 hour ago
Twitter reports freezing 300,000 terrorism-linked accounts in first half, praises automation

Twitter Inc., under pressure from governments around the world to combat online extremism, said in a new report that improving automation tools are helping block ... read more

 Japan Times1 hour ago
Toys 'R' Us Japan operating as usual

A spokesperson for Toys"R"Us Japan says the company is operating as usual. (NHK)... read more

 News on Japan4 hours ago
Toyota president says company will continue to make variety of vehicle types

Toyota Motor Corp President Akio Toyoda on Tuesday said his company would continue to make a variety of vehicle types available to customers, even as tighter global regulations…... read more

 Japan Today5 hours ago
Toys "R" Us files for bankruptcy

Retailer Toys "R" Us has filed for Chapter 11 bankruptcy protection in a U.S. court, the company said, amid heavy debt and a tough environment for bricks and…... read more

 Japan Today5 hours ago
Delta ends flights between Guam and Japan, cites low demand

Delta Air Lines has announced it will end flights between Japan and Guam because of low demand just days after another airline delayed Japan-Guam flights ... read more

 Japan Times6 hours ago
Washington state board voids permits for huge, China-backed methanol plant

U.S. environmental groups opposed to the Pacific Northwest becoming an international fossil fuels gateway scored a major victory when a Washington state board invalidated two ... read more

 Japan Times6 hours ago
Branson angling for energy fund to turn fossil fuel-run utilities green on Irma-ravaged Caribbean isles

British billionaire Richard Branson said on Tuesday he is in talks to set up a fund to help Caribbean nations recently ravaged by Hurricane Irma ... read more

 Japan Times6 hours ago
Dollar briefly hits two-month high in Tokyo

The dollar briefly advanced to a two-month high above ¥111.80 in Tokyo trading Tuesday, lifted by strong performances of U.S. and Japanese stocks.After hitting its ... read more

 Japan Times13 hours ago
Commercial land prices in major cities grow faster on tourism boom

Average commercial land prices in Japan rose for the second straight year, helped by hotel construction and other development projects following a surge in foreign ... read more

 Japan Times13 hours ago
Nikkei soars to two-year high on yen fall, Wall Street rise

Stocks soared Tuesday thanks to the yen's weakening against the dollar and higher U.S. equities, driving up the Nikkei 225 average to its highest closing ... read more

 Japan Times16 hours ago
McDonald’s secret sauce for success in Japan

McDonald's Japan took a series of hits starting in 2014 that threatened to crack its Golden Arches: a supplier was selling expired chicken, a human ... read more

 Japan Times17 hours ago
Facebook may be facing an ‘era of accountability’ in wake of outsized role in 2016 U.S. election

The problems keep piling up for Facebook, and it's unclear how long the internet giant will be able to brush them aside as it barrels ... read more

 Japan Times17 hours ago
U.S. to investigate possible dumping of titanium sponge made in Japan

The U.S. Commerce Department has said it will launch an investigation into allegations that Japanese-made titanium sponge is exported to the United States at unfairly ... read more

 Japan Times17 hours ago
Lawson to expand food waste recycling program to central Japan

Convenience store operator Lawson Inc. will launch a recycling system to produce fertilizer from leftover food and sell produce grown with it at its stores ... read more

 Japan Times17 hours ago
Inspired by racing, Toyota roars back with GR sports car brand

Amid heated global competition over developing next-generation cars such as self-driving automobiles and electric vehicles, Toyota Motor Corp. unveiled Tuesday a new sports car brand ... read more

 Japan Times17 hours ago
Taiwan conditionally lifts import ban on Japanese beef

Taiwan has conditionally lifted a 16-year-old ban on beef imports from Japan, clearing a major roadblock in negotiations on an economic partnership agreement.The Executive Yuan, ... read more

 Japan Times18 hours ago
Slack gets slice of SoftBank’s $100 billion bounty

Slack Technologies Inc. closed a $250 million funding round led by SoftBank Group Corp.'s Vision Fund, giving it more ammunition for expansion in an increasingly ... read more

 Japan Times18 hours ago
Honda invests $267 million, adds 300 jobs in Ohio to produce new turbocharged Accord

Honda Motor Co. is investing $267 million and adding 300 jobs at two Ohio factories as it begins mass production of the redesigned Accord flagship ... read more

 Japan Times18 hours ago
Two banks in central Japan to integrate operations in April

Mie Bank and Daisan Bank, regional lenders operating mainly in Mie Prefecture, said they will set up a joint holding company in April to integrate ... read more

 Japan Times18 hours ago
Uber sues Dentsu’s Fetch for $40 million over alleged click fraud on right-wing news site Breitbart

Uber Technologies Inc. is accustomed to getting sued. Now it's doing the suing, and it's partly thanks to Breitbart News.The global ride-hailing company is taking ... read more

 Japan Times19 hours ago
Chocolate fries and listening to moms helps McDonald’s Japan beat scandals

McDonald's Japan took a series of hits starting in 2014 that threatened to crack its Golden Arches: a supplier was selling expired chicken, a human ... read more

 Japan Times20 hours ago
Dollar hovers near 8-week high vs yen as U.S. yields extend rise

The dollar hovered near an eight-week high against the yen on Tuesday, supported as U. S. Treasury yields continued their sharp rebound from 10-month lows. The dollar stood little changed at 111. 455 yen after... read more

 Asahi SimbunYesterday
GOP lawmakers seen eying coveted mortgage interest, local tax deductions in fiscal overhaul

Republicans straining to find about $1 trillion to finance sweeping tax cuts are homing in on two popular deductions that are woven into the nation's ... read more

 Japan TimesYesterday
Electronics giants seek to plug into Taiwan wind farm plans

CHANGHUA, Taiwan--On the coast of Changhua county, 23 wind turbines belonging to Taiwan Power Co. (Taipower) are sited here, where the winds are strong and the sea is deep in the Taiwan Strait just off... read more

 Asahi SimbunYesterday
Northrop’s $7.8 billion Orbital deal to boost its space, missile pursuits as North Korea threat looms

Northrop Grumman Corp.'s $7.8 billion purchase of Orbital ATK Inc. will expand its space and missile businesses just as the U.S. sharpens its focus on ... read more

 Japan TimesYesterday
GM to recall 2.5 mil vehicles in China over Takata airbags

General Motors will recall more than 2.5 million vehicles in China over concerns about airbags made by troubled Japanese giant Takata, Chinese authorities said, dealing a blow to…... read more

 Japan TodayYesterday
No. of foreign part-timers at convenience stores rising

The number of foreign part-time workers employed at Japan's three major convenience store chain operators has reached about 44,000 in August, several times higher than 10 years ago,…... read more

 Japan TodayYesterday
North Korean missile launches may cost Japanese broadcasters 'billions of yen'

The missiles may not be physically crashing into Japan, but their effect is hitting television stations square in the wallet. (rocketnews24.com)... read more

 News on JapanYesterday
Irma damage a reminder of Florida economy’s vulnerability but masses, and their money, still expected to come

Florida's economy has long thrived on one import above all: People.Until Irma struck this month, the state was adding nearly 1,000 residents a day — ... read more

 Japan Times2 days ago
U.S.-N. Korean tensions prompt delay in Guam-Japan flights

HAGATNA, Guam--Tensions between the United States and North Korea have prompted a Hong Kong-based airline to delay flights between the U. S. Pacific territory of Guam and Japan. HK Express announced five... read more

 Asahi Simbun2 days ago
U.S.-North Korean tensions prompt H.K. carrier to delay in Guam-Japan flights

Tensions between the U.S. and North Korea have prompted a Hong Kong-based airline to delay flights between the U.S. Pacific territory of Guam and Japan.Pacific ... read more

 Japan Times2 days ago
Beyond Airbnb: Minpaku market poised for growth

Needing a place to stay before moving to a new home, James Degan recently went on Airbnb and found an apartment in Tokyo's upscale Minato ... read more

 Japan Times2 days ago
Lawson to begin food waste recycling

Japanese convenience store operator Lawson Inc will launch a recycling system to produce fertilizer from leftover food and sell produce grown with it at its stores in central…... read more

 Japan Today2 days ago
Short-term rentals can help promote rural tourism, but few are willing to open their doors

Amid an influx of tourists from home and abroad in the run-up to the 2020 Tokyo Olympics, local governments are trying to persuade homeowners unwilling ... read more

 Japan Times2 days ago
Bitcoin ... the way to the future or path to financial ruin?

Bitcoin, hailed in some quarters as the future of currency, is having a rough week, with a flurry of rumors that China will shut down exchanges and the…... read more

 Japan Today3 days ago
In wake of Equifax data leak, U.S. senator launches industry probe

U.S. Sen. Elizabeth Warren said Friday she has begun an investigation into Equifax's massive data breach, and along with 11 other Democratic senators, introduced a ... read more

 Japan Times3 days ago
Mazda plans to go electric by 2030

Mazda plans to make its vehicle models electric-based, including petrol hybrids, by the early 2030s, Japan's Kyodo News reported on Friday. A Mazda spokeswoman declined to comment on…... read more

 Japan Today4 days ago
Renault-Nissan to launch 12 zero-emission models

Carmaker Renault-Nissan said Friday it will launch 12 all-electric cars over the next six years and equip dozens more with driverless technology. Presenting the alliance's new strategic plan…... read more

 Japan Today4 days ago
Bain names heavyweights Apple, Dell, Seagate as new partners in Toshiba chip bid team

Bain Capital has brought in Apple Inc., Dell Inc. and other technology heavyweights into a consortium seeking to buy Toshiba Corp.'s prized semiconductor unit, the ... read more

 Japan Times4 days ago
Renault-Nissan-Mitsubishi bets on spike in electric cars with 12 new models

The Renault-Nissan-Mitsubishi alliance is gambling that mass-market drivers are going to pivot soon to electric cars, announcing plans Friday to produce 12 new electric models ... read more

 Japan Times4 days ago
Tokyo stocks rebound despite North Korea missile launch over Japan

Stocks turned higher on the Tokyo Stock Exchange on Friday, supported by the dollar's resilience against the yen despite North Korea's ballistic missile firing over ... read more

 Japan Times4 days ago
Dollar solid above ¥110.50 in late Tokyo trading

The dollar firmed above ¥110.50 in Tokyo trading late Friday after briefly plunging in the wake of North Korea's ballistic missile firing over Japan early ... read more

 Japan Times4 days ago
Daimler launches short-range electric truck in New York, readies long-haul concept for Tokyo Motor Show

Daimler Trucks is trying to gain a foothold in the nascent electric-truck market, with short-range haulers that can make New York City's clogged streets cleaner ... read more

 Japan Times4 days ago
Japan to help boost Vietnam’s industrial competitiveness

The trade ministers of Japan and Vietnam confirmed Thursday that Japan will help the Southeast Asian country boost its industrial competitiveness so it can increase ... read more

 Japan Times4 days ago
Japan’s bullet train tech to give 164-year-old Indian railway a jolt

Japan's government and its rail companies lobbied the U.S. for years to sell their bullet-train technology and found little success. Finally, there's an international buyer: ... read more

 Japan Times4 days ago
Toshiba to conclude chip unit deal as early as Wednesday

Toshiba Corp. aims to conclude a contract on the sale of its flash memory unit as early as next Wednesday.The struggling electronics and machinery maker ... read more

 Japan Times4 days ago
Japan regulator scrutinizes regional banks’ fund buying as risks soar

The nation's regional banks, desperate to boost returns with interest rates around zero, are coming under scrutiny from regulators as they increase purchases of risky ... read more

 Japan Times4 days ago
Utilities put on notice: Municipalities looking to sell energy to residents

The latest threat to the nation's biggest utilities is growing in rural communities like Miyama, a town in Kyushu with a population of about 38,000. ... read more

 Japan Times4 days ago