Business

Toyota to build new hybrid cars for Suzuki in UK

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Toyota says it will build a new hybrid car in Britain for Japanese peer Suzuki -- a welcome boost for the UK auto sector which has been hit by Brexit uncertainty. "Seeking to produce additional volume for other customers is one example of all the efforts we are making to… Read

Business

ANA takes delivery of first Airbus A380

15 Comments

All Nippon Airways (ANA) on Wednesday took delivery of its first A380, becoming the 15th operator of the world’s largest passenger aircraft. ANA has ordered three A380s and will operate the aircraft on the popular route between Tokyo Narita and Honolulu from May 24. Each ANA A380 will feature a… Read

Business

Gov't downgrades Japan's economic outlook as U.S.-China trade war bites

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Japan's government downgraded its assessment of the economy in March for the first time in three years, blaming a bruising U.S.-China trade war for slumping exports and industrial output. The Cabinet Office, which helps coordinate government policy, said on Wednesday the economy is in gradual recovery, but exports and output… Read

Business

BOJ policymakers disagree on next policy move as risks mount

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Bank of Japan policymakers disagreed on how quickly the central bank should ramp up monetary stimulus, minutes of their January rate review showed on Wednesday, as heightening overseas risks threatened to derail the country’s fragile economic recovery. While most members agreed it was appropriate to maintain the BOJ’s current stimulus… Read

Business

Starbucks to test recyclable cups, redesign stores

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Starbucks says it plans to test both recyclable and compostable cups over the next year. Customers in New York, San Francisco, Seattle, London and Vancouver, British Colombia, will help test the cups, which use fiber, paper and other materials in place of plastic liners. Seattle-based Starbucks was expected to announcement… Read

Business

Japan's commercial land prices in 2018 rise at fastest pace in 11 years

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Japanese commercial land prices climbed at their fastest pace in 11 years in 2018, a government survey showed on Tuesday, led by strong demand for office space and a boom in tourism. Prices for land across the country's main centers rose 2.8 percent on average last year, according to the… Read

Business

Paris ties Singapore, Hong Kong as world's priciest cities

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Paris has climbed to the top of the world's priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey Tuesday that named the capital of strife-torn Venezuela as the cheapest. The French capital was the only eurozone city in the top 10, rising from second… Read

Business

China's 737 MAX move shows growing global aviation clout: analysts

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The key role China played in grounding the troubled Boeing 737 MAX 8 has demonstrated its growing clout in global aviation and may give it an extra bargaining chip in trade talks with Washington. China ordered its domestic airlines to ground the plane on March 11, a day after the… Read

Business

Renault's Senard denies he will be 'commander' in alliance with Nissan

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Renault SA Chairman Jean-Dominique Senard has reportedly said he will not be "a commander" to manage the alliance with Nissan Motor Co. and Mitsubishi Motors Corp., and that he will instead respect each companies' culture and position. Senard also said he is not planning so far to discuss the possible… Read

Business

Walmart Japan's new CEO: Seiyu 'absolutely' not for sale

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The newly appointed chief executive of Walmart Inc's Japanese supermarket chain Seiyu on Monday denied the business was up for sale, following reports last year that the U.S. retail giant was looking for a buyer. "I'm not here to sell a business," Lionel Desclee told reporters in Tokyo in his… Read

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