Japanese technology investor SoftBank Group has reported a 3 trillion yen, or $21 billion, profit for the July-September quarter, a sharp reversal from its loss a year ago ... ( read original story ...)
Japan to invest $500 million to manufacture advanced chips
Japan said on Friday it will invest an initial 70 billion yen ($500 million) in a new semiconductor venture led by tech firms including Sony Group Corp and NEC Corp as it rushes to re-assert itself as ... ( read original story ...)
Fast fashion company SHEIN to open its first retail store in the world
The store will be be located in Tokyo's Cat Street Fast fashion company SHEIN to open its first retail store in the world Retail ...
SoftBank hit by $10bn loss despite Masayoshi Son’s defensive pivot
Masayoshi Son said he would step back from running day-to-day operations at SoftBank to “devote” himself to turbocharging the growth of UK chip designer Arm, which is owned by ...
Fast fashion giant Shein to open first physical store in Tokyo
Online fast-fashion behemoth Shein will open its first ever permanent physical store on Sunday, setting up shop in one of Tokyo’s most-popular areas as it seeks to live up to a lofty valuation that’s ... ( read original story ...)
The crypto world must be made safer for investors and users
The sudden collapse of the crypto exchange FTX raises serious questions about the state of the crypto ecosystem. Without serious changes in the way it works, it is hard to see how it could even become ...
Crypto is in chaos as FTX teeters on the verge of bankruptcy
In less than a week, a 30-year-old entrepreneur once hailed as a modern-day J.P. Morgan watched his digital empire, including billions of his own fortune, evaporate in a death spiral that's shaken the ...
Weekly Small Cap and IPO Wrap: Local shares spike as Albo’s off to be the Wizard of Oz in Asia
Politics was the winner in a week of predictable uncertainty across global markets. ASX small caps jumped 2% on Friday, and 4% for the week.
4 arrested for allegedly indecently assaulting co-worker, ripping underwear in Tokyo
Four workers for a major Japanese moving firm who allegedly indecently assaulted a co-worker, ripping his underwear, have been arrested, poli ... ( read original story ...)
Japan vies for ‘last chance’ as major global chip producer
Japan is investing 70 billion yen ($490 million) to beef up semiconductor development and production, setting up a consortium that brings together Toyota, Sony and other major companies ... ( read original story ...)
Japan Oct consumer inflation likely to hit four-decade high – Reuters poll
Japan's core consumer inflation rate is expected to hit a forty-year high in October as a weak yen pushed up raw material costs for companies, leaving some with little option but to pass those on to ... ( read original story ...)
Japan’s SoftBank books hefty Vision Fund loss but returns to quarterly profit
Japan's SoftBank Group Corp announced a hefty loss at its Vision Fund investment arm for the third straight quarter, even as the company itself posted its first quarterly profit in as many quarters. ( read original story ...)
Japan’s PM Kishida plans to sack justice minister – media
Japanese Prime Minister Fumio Kishida has firmed up his intention to sack his justice minister, media reported on Friday, raising the possibility of a second minister leaving the cabinet because of a ... ( read original story ...)
Toyota, Sony Set Up Advanced Chip Business in Japan
Next-generation chips are aimed to be produced by the late 2020s as Japan lags behind other nations. ( read original story ...)
Japan govt backs major firms in next-gen chip project
The Japanese government will pour half a billion dollars into a new project to develop and make next-generation microchips, chief cabinet secretary ... ( read original story ...)
Japan lives at the bleeding edge of good enough
With growth slowing, demographics depressed and the trade balance in deep deficit, Tokyo wants to incubate startups and put more state money into cutting-edge sectors like semiconductors and ... ( read original story ...)