The Ukrainian-born beauty queen who sparked a debate on cultural identity by being named Miss Japan has relinquished her title just two weeks after being crowned. Karolina Shiino, the first person of predominantly European heritage to win the xedMiss Nippon contest (which takes its title from the country’s Japanese name), announced her decision to step … Read more
US President Joe Biden speaks about the economy and the deal between the United Auto Workers (UAW) Union and the big-three automakers, in Belvidere, Illinois, on November 9, 2023. Olivier Douliery | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to … Read more
A customer visits a supermarket in San Mateo, California, on Dec. 12, 2023. Li Jianguo | Xinhua News Agency | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more
Jakub Porzycki | Nurphoto | Getty Images TSMC on Tuesday said it will open a second manufacturing plant in Japan with backing from technology giant Sony and automaker Toyota. Japan Advanced Semiconductor Manufacturing, Inc. (JASM), the manufacturing operation majority-owned by TSMC, will begin building the new factory this year and aims to bring it into … Read more
Shares of Mitsui Fudosan surged to an all-time high on Monday after a report said U.S. activist investment firm Elliott Management had demanded the company launch a massive stock buyback program. Japan’s largest property developer jumped as much as 11.8% in early afternoon trading to hit a record 4,100 yen. The Financial Times reported that Elliott Management had … Read more
A pedestrian walks past a sign for Aozora Bank Ltd. at the company’s headquarters in Tokyo, Japan, on Friday, May 14, 2010. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Aozora Bank tumbled to their lowest level in eight months Thursday after the Japanese bank warned of a fiscal-year net loss due to its exposure … Read more
From Oct. 22–26, a delegation of 20 Japanese entrepreneurs and members of the impact startups ecosystem attended the SOCAP23 social entrepreneurship conference in San Francisco. Each year, SOCAP brings together investors, entrepreneurs and social impact leaders with the aim of solving some of the world’s toughest challenges with market-based solutions. Kota Takaoka, CEO of AiCAN … Read more
Large advertisement of Japanese luxury skin care products brand, SK-II, in Causeway Bay, Hong Kong. Miguel Candela | Lightrocket | Getty Images Procter & Gamble on Tuesday said sales of its high-end SK-II skincare brand fell 34% in the Greater China region during its latest quarter — and it blamed an unlikely culprit. With its … Read more
Bank of Japan governor Kazuo Ueda gestures as he speaks during a press conference following a monetary policy meeting at the Bank of Japan’s headquarters in Tokyo on July 28, 2023. The Bank of Japan on July 28 eased its grip on its ultra-loose monetary policy in a small step towards normalisation as inflation accelerates … Read more
Japan recently became the fifth nation to successfully complete a soft landing on the moon’s surface, joining a select few countries — the U.S., Russia, China and India — in accomplishing this feat. But moon landings are likely to become more common over the next few years. Globally, more than 100 lunar missions, both by … Read more
