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Month: August 2023

Posted on 09/08/2023

Crypto heavyweights back new cybersecurity standards after nearly $4 billion was lost to hacks in 2022

Led by CAT Labs, the initiative would create an industry norm, with support from Fireblocks, Amphibian Capital, and Lockton.

Posted on 08/08/2023

Sex Workers Took Refuge in Crypto. Now It’s Failing Them

Banks and payments companies have long penalized sex workers. Many thought crypto would be a solution, but now exchanges are dumping them too.

Posted on 08/08/2023

Apple and Samsung to Invest in SoftBank’s Arm at IPO -Nikkei

Apple, Samsung, Nvidia and Intel all plan to invest in Arm as soon as it is listed on the market, the Nikkei said. The SoftBank-owned firm will officially apply to the U.S. Securities and Exchange ...

Posted on 08/08/2023

Japan’s tech investor SoftBank trims losses and promises offensive turnaround

Japanese technology company SoftBank Group continued to rack up losses for the fiscal first quarter as technology investments soured amid a market downturn.

Posted on 08/08/2023

Japan’s bullet trains phase out snack carts between Tokyo and Osaka

PASSENGERS on Japan’s super-fast bullet trains have long enjoyed ordering coffee, ice cream or boxed lunches from staff pushing a snack cart, savouring the treats as they whipped past landmarks such ... ( read original story ...)

Posted on 08/08/2023

End of the line for snack carts on Tokyo-Osaka shinkansen

End of popular service comes amid a looming labor shortage and the trend of more people buying food before boarding. ( read original story ...)

Posted on 08/08/2023

Italy Air Force hauls an F-35 contingent to Japan for first-ever drill

The training visit comes as the two countries look to develop a sixth-generation warplane, dubbed GCAP, along with Britain. ( read original story ...)

Posted on 08/08/2023

Mori unveils Tokyo’s tallest office tower, testing post-COVID demand

Japan's Mori Building unveiled Tokyo's tallest office tower on Tuesday, part of a sprawling business and residential complex that aims to capitalise on an investment boom in the world's third-biggest ... ( read original story ...)

Posted on 08/08/2023

Japan’s SoftBank sees shock US$3.3bil first-quarter loss

TOKYO: Japanese investment giant SoftBank Group reported on Tuesday a surprise net loss of more than US$3 billion in the first quarter as it was hit by a drop in the share prices of major holdings as ...

Posted on 08/08/2023

Japan’s SoftBank sees shock $3.3 bn first-quarter loss

Japanese investment giant SoftBank Group reported on Tuesday a surprise net loss of more than $3 billion in the first quarter as it was hit by a drop in the share prices of major holdings as well as a ...

Posted on 08/08/2023

Concord Biotech IPO subscribed 14.23 times on day 3 so far, issue closes today

Concord Biotech is a homegrown R&D driven biopharma firm among the global developers and manufacturers of select fermentation-based APIs.

Posted on 08/08/2023

Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months

Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview.

Posted on 08/08/2023

Japan shares higher at close of trade; Nikkei 225 up 0.27%

Japan equities were higher at the close on Tuesday, as gains in the Textile, Trading and Fishery sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 rose 0.27%. The biggest gainers ...

Posted on 08/08/2023

Japan to host 2025 int’l African development conference in Yokohama

Japan decided Tuesday to host an international conference on African development in the port city of Yokohama in 2025, as Tokyo seeks to counter China's increasing influence on the fast-growing ... ( read original story ...)

Posted on 08/08/2023

LDP lawmaker: Option to scrap 2025 Osaka Expo should be ready

Japanese officials are increasingly alarmed over delays in construction projects for the 2025 Osaka Kansai Expo, prompting one veteran politician to even say it should be canceled if pavilions are not ... ( read original story ...)

Posted on 08/08/2023

Japan’s Kobe Steel raises annual profit forecast to record $840 million

Japan's Kobe Steel raised its net profit forecast for the current fiscal year to a record high of 120 billion yen ($839 million) on expected higher selling prices and lower fuel costs, it said on Tuesday. ( read original story ...)

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