EconomyLoop
where regional business news becomes global to everyone

Uber seals first Japan taxi deal in new pro-regulator approach

Uber Technologies Inc. has finally found a partner for its cab-hailing program in Japan, one of the world's largest taxi markets.The San Francisco-based company struck ... read more

 Japan Times16 days ago

     
Justice Department probes if social media are ‘stifling’ speech after Trump, GOP, conspiracy theorists gripe

The U.S. Department of Justice and state attorneys general will meet this month to discuss concerns that social media platforms are "intentionally stifling the free ... read more

 Japan Times16 days ago
Uber rolls out safety features for drivers and passengers as it looks to rebuild trust

Uber is aiming to boost driver and passenger safety in an effort to rebuild trust in the brand.The ride-hailing company has created a feature on ... read more

 Japan Times16 days ago
Suzuki Motor to pull out of Chinese market

Suzuki Motor Corp said it would transfer its 50 percent stake in a Chinese automaking joint venture (JV) to Chongquing Changan Automobile Co, as sluggish sales prompt the…... read more

 Japan Today16 days ago
Toyota recalls 1 million hybrid cars over technical problem

Japanese car giant Toyota on Wednesday recalled more than one million hybrid cars globally due to a technical problem which could in the worst case cause a fire…... read more

 Japan Today16 days ago
Facebook, Twitter on defense in U.S. Congress over foreign bids to tilt polls, politics

Top executives from Facebook Inc. and Twitter Inc. defended their companies in the U.S. Congress on Wednesday over what lawmakers see as a failure to ... read more

 Japan Times16 days ago
Warner Bros. and HBO adopt company-wide inclusion policy

Six months after Frances McDormand introduced the world to the concept of an inclusion rider in her Oscars speech, Warner Bros. and its sister companies ... read more

 Japan Times16 days ago
Canon joins Sony, Nikon in battle for pro-grade photo equipment market

Canon Inc. is finally entering the full-frame mirrorless camera market, joining Sony Corp. and Nikon Corp. in a new battleground for professional-grade camera equipment.The Japanese ... read more

 Japan Times16 days ago
Toyota recalls 1 million hybrid cars over technical problem that could lead to fire

Auto giant Toyota on Wednesday recalled more than 1 million hybrid cars globally due to a technical problem that could possibly cause a fire in ... read more

 Japan Times16 days ago
Tokyo stocks drop further after powerful Typhoon hits Japan

Stocks lost further ground on the Tokyo Stock Exchange on Wednesday following falls in U.S. and other overseas equities.The 225-issue Nikkei average fell 116.07 points, ... read more

 Japan Times16 days ago
Dollar flat around ¥111.45 in Tokyo after cutting early gains

The dollar was flat around ¥111.45 in late Tokyo trading Wednesday after cutting its early gains.At 5 p.m., the dollar stood at ¥111.45-46, against ¥111.45-45 ... read more

 Japan Times16 days ago
Keidanren arranging talks over review of graduate hiring rules

Keidanren is arranging talks with the government and universities to review its guidelines on the hiring of university graduates, it was learned Wednesday.The country's biggest ... read more

 Japan Times16 days ago
New Shibuya facilities give district’s south side a new vibe

The latest facilities completed in the redevelopment project for Tokyo's Shibuya district were shown in a media preview on Wednesday ahead of their opening next ... read more

 Japan Times16 days ago
Businesses across Kansai reeling in aftermath of powerful Typhoon Jebi

Businesses in Kansai were reeling Wednesday from the impact of a powerful typhoon that devastated the area the previous day, with disruptions hitting tourism operators, ... read more

 Japan Times16 days ago
JR Tokai sets up unit in Texas with eye on orders for the state’s bullet train project

Central Japan Railway Co. (JR Tokai), has set up a wholly owned subsidiary in Dallas in an effort to win orders related to a project ... read more

 Japan Times16 days ago
As Brexit looms, Muji eyes Germany for new European base

The retailer of Muji products is considering moving its European headquarters out of the U.K. because of Brexit, in what would be at least the ... read more

 Japan Times16 days ago
Businesses in western Japan reeling from after-effects of typhoon

Businesses in western Japan were reeling Wednesday from the impact of a powerful typhoon that devastated the area the previous day, with disruptions hitting tourism operators, stores, theme…... read more

 Japan Today17 days ago
Shibuya Stream tower hopes to create new flow of visitors

A new tower called Shibuya Stream will open in the trendy Tokyo district on Sept 13. As the name suggests, this new tower located at the south exit…... read more

 Japan Today17 days ago
Suzuki to pull out of China market amid sluggish sales of small cars

Suzuki Motor Corp., a Japanese manufacturer known for its minicars, has exited China as consumers in the world's biggest auto market have shifted purchases to ... read more

 Japan Times17 days ago
Amazon briefly becomes second U.S. company to reach $1 trillion market value

Amazon.com Inc. on Tuesday became the second publicly traded company to reach $1 trillion in market value, hot on the heels of Apple Inc.The milestone ... read more

 Japan Times17 days ago
Colin Kaepernick’s Nike ad deal prompts flurry of debate online, from praise to calls for boycott

An endorsement deal between Nike and Colin Kaepernick is prompting a flood of debate online as sports fans react to the apparel giant backing an ... read more

 Japan Times17 days ago
More big-name firms embroiled in recent U.S. political debates, inviting Trump’s wrath

Nike's "Just Do It" campaign featuring Colin Kaepernick is a rare example of a brand jumping into a divisive issue uninvited. Still, like it or ... read more

 Japan Times17 days ago
BlackRock sees ‘silver lining’ when BOJ tapers funds for ETFs

Some investors are worried about the market impact when the Bank of Japan decides to wind back an extraordinary years-long program of support for the ... read more

 Japan Times17 days ago
Facebook, Twitter again face U.S. Congress over politics and the internet

Top Twitter Inc. and Facebook Inc. executives will defend their companies before U.S. lawmakers on Wednesday, with Facebook insisting it takes election interference seriously and ... read more

 Japan Times17 days ago
Colin Kaepernick’s Nike ad deal prompts flurry of debate online, from praise to calls for boycott

An endorsement deal between Nike and Colin Kaepernick is prompting a flood of debate online as sports fans react to the apparel giant backing an ... read more

 Japan Times17 days ago
Amazon is 2nd U.S. company to reach $1 trillion market value

Amazon on Tuesday became the second publicly traded company to reach $1 trillion in market value, hot on the heels of iPhone maker Apple. The milestone is another…... read more

 Japan Today17 days ago
Daiso recalls cut-your-finger joke knives for being real cut-your-finger knives

The 100 yen store chain Daiso offers an amazing variety of products. Sure, life essentials such as dishes and toilet paper are the biggest sellers, but Daiso also sells novelty gag…... read more

 Japan Today17 days ago
Dai-Ichi Life to buy Suncorp Life for $460 million

Dai-ichi Life Holdings Inc said on Tuesday it would buy Suncorp Life, an Australian life insurance unit of Suncorp Group Ltd, for A$640 million ($460 million), in the…... read more

 Japan Today17 days ago
As Trump threatens tariffs, China’s industrial ambitions loom large

Conflict over China's industrial policies is at the center of a trade war that's set to escalate should President Donald Trump go ahead with planned ... read more

 Japan Times17 days ago
Always ‘leaning into the future,’ Jeff Bezos rockets to richest person on the planet, worth $166 billion

As Amazon became the second U.S. firm to hit a trillion-dollar value on the stock market, founder Jeff Bezos regained the crown as the richest ... read more

 Japan Times17 days ago
Suzuki to pull out of China market amid sluggish sales of small cars

KYODOSuzuki Motor Corp. said Tuesday it will dissolve its joint auto production venture in China, exiting from the world's biggest auto market as consumers' appetite ... read more

 Japan Times17 days ago
Dollar rises above ¥111.40 in late Tokyo trading

The dollar rose above ¥111.40 in late Tokyo trading Tuesday, jacked up by higher U.S. long-term interest rates.At 5 p.m., the dollar stood at ¥111.45-45, ... read more

 Japan Times17 days ago
Tokyo stocks end tad lower after directionless trade

Stocks closed marginally lower on the Tokyo Stock Exchange on Tuesday after moving directionlessly amid a dearth of fresh trading factors.The 225-issue Nikkei average lost ... read more

 Japan Times17 days ago
Cabinet members express support Keidanren proposal to scrap recruitment rules for college graduates

Cabinet members voiced their support Tuesday for an idea broached the previous day by the head of Keidanren, Japan's most powerful business lobby: Scrap guidelines ... read more

 Japan Times17 days ago
Japan’s Dai-ichi Life to buy Suncorp Life for $460 million

Dai-ichi Life Holdings Inc. said Tuesday it would buy Suncorp Life, an Australian life insurance unit of Suncorp Group, for 640 million Australian dollars ($460 ... read more

 Japan Times17 days ago
Japanese firms’ internal reserves grew to record high in fiscal 2017

The internal reserves of nonfinancial companies grew at a faster pace than their capital expenditures did during fiscal 2017, which ended in March, Finance Ministry ... read more

 Japan Times17 days ago
Japanese startup PD AeroSpace aims for commercial space travel in 2023

The startup PD AeroSpace Ltd. is developing a reusable spacecraft shaped like an airplane to carry paying customers into space by 2023.The Nagoya-based company plans ... read more

 Japan Times18 days ago
Databases run by National Diet Library and 10 other institutions to be unified on new website

The government plans to create a website to unify databases that are currently managed individually by affiliated institutions, officials said Tuesday.It will enable people to ... read more

 Japan Times18 days ago
Record 2.9 million people in Japan led to fake websites in first half of 2018 as phishing attacks spike: report

According to a report by a major internet security firm, in the first half of this year a record 2.9 million people in Japan were ... read more

 Japan Times18 days ago
Mitsubishi Heavy Industries to enter European luxury ferry market following restructuring

Mitsubishi Heavy Industries will enter the luxury ferry market in Europe as part of a restructuring of its ship-building business.Its subsidiary, Mitsubishi Shipbuilding Co., will ... read more

 Japan Times18 days ago
Amid official recognition of esports, Japanese firms rush to cash in on booming market at home

Konami Digital Entertainment Co. saw the Asian Games, the world's second-largest multisport tournament after the Olympics, as a prime opportunity to boost demand for its ... read more

 Japan Times18 days ago
Finance Ministry seeks record 2019 budget to boost welfare, defense

Finance Minister Taro Aso said on Tuesday initial budget requests for fiscal 2019 would likely reach a record high around 102 trillion yen ($918 billion), given an aging population and defense challenges... read more

 Asahi Simbun18 days ago
Japan to halt Iran oil imports under U.S. pressure, after failing to win waiver: reports

Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October, amid fears Washington will sanction countries importing Iranian crude, local ... read more

 Japan Times18 days ago
Maduro buys gold to boost savings amid Venezuela’s five-digit inflation but few other takers seen

President Nicolas Maduro said he is investing part of his personal savings in a gold-backed certificate as part of a much-questioned plan to crush hyperinflation ... read more

 Japan Times18 days ago
Facebook, Libya’s main news source, said blocked in Tripoli and other cities as fighting rages

Facebook has been blocked in the Libyan capital of Tripoli and other cities, residents said on Monday as fighting between rival groups raged.Facebook is the ... read more

 Japan Times18 days ago
Nike launching ad campaign featuring scorned ex-quarterback Colin Kaepernick: reports

Former NFL quarterback Colin Kaepernick, who sparked controversy by kneeling during the national anthem to protest racial injustice, will be the face of a Nike ... read more

 Japan Times18 days ago
Asian factories feel pinch from escalating U.S.-China trade conflict

Manufacturing activity in major Asian economies took a hit from weak export orders in August, a sign firms are starting to feel the pinch from intensifying trade friction…... read more

 Japan Today18 days ago
Mitsubishi Heavy to enter European luxury ferry market

Mitsubishi Heavy Industries Ltd will enter the luxury ferry market in Europe as part of the restructuring of its ship-building business. Its Mitsubishi Shipbuilding Co subsidiary will expand…... read more

 Japan Today18 days ago
Trump attacks AFL-CIO leader on Labor Day

President Donald Trump started his Labor Day with an attack on a top union leader, lashing out after criticism from AFL-CIO President Richard Trumka.Trump tweeted ... read more

 Japan Times18 days ago
Japan reportedly to halt Iran oil imports under U.S. pressure

Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October, amid fears Washington will sanction countries importing Iranian crude, local media reported Monday.…... read more

 Japan Today18 days ago