Japan

[ad_1] SoftBank Group shares surged for a third day on Tuesday, following the explosive rally of its Arm Holdings, the chip designer that has almost doubled in value since making the case last week for how it will benefit from the artificial intelligence (AI) boom.SoftBank’s stock climbed as much as 11% to the highest level since May 2021. SoftBank held onto a stake of about 90% in Arm as it […]

[ad_1] Japan's Nikkei index surged Tuesday, gaining over 1,000 points to briefly trade above 38,000 for the first time in 34 years in a buying spree after a major technology firm revised its profit projections upward. The 225-issue Nikkei Stock Average ended up 1,066.55 points, or 2.89%, from Friday at 37,963.97, its highest close since January 1990. The broader Topix index finished 54.15 points, or 2.12%, higher at 2,612.03, its […]

[ad_1] Japanese startup PorMedTec announced on Tuesday that it has produced three clone piglets that have organs that can be transplanted to humans with less risk of immune rejection, paving the way for future cross-species organ transplants.The piglets, which were born Sunday using cells imported from U.S biotech startup eGenesis, will be provided to medical institutions in Japan for pre-clinical research, the firm said.PorMedTec, a spinoff of Meiji University, imported […]

[ad_1] Washington – A private Houston-based company is set this week to lead a mission to the moon which, if successful, will mark America's first lunar landing since the end of the Apollo era five decades ago.Reputation will be on the line when Intuitive Machines' Nova-C spaceship will launch atop a SpaceX rocket on Wednesday, following recent completed touchdowns by China, India and Japan.So why entrust such tasks to the […]

[ad_1] Dubai – The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping through the Red Sea pose threats to the global economy.The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, said the International Monetary Fund's managing director, Kristalina Georgieva.Its knock-on effects could impact the world the longer the fighting drags on, Georgieva told […]

[ad_1] Pizza delivery giant Domino's has apologized after a video surfaced online Monday of an employee pretending to pick his nose and wipe it on pizza dough — the latest in a spate of similar incidents to go viral online. The video, which was posted at around 3 p.m. Monday on the Bakusai forum website, showed what appeared to be a uniformed Domino's Pizza employee picking his nose and rubbing […]

[ad_1] Asahi Breweries will not launch any new chūhai products with alcohol content of 8% or higher, amid a shift to low-alcohol alternatives in Japan.The canned fizzy cocktails made from shōchū or vodka — most commonly associated with Suntory Holding’s Strong Zero brand — were pushed by drinks companies amid a long-term decline in beer sales, becoming fodder for social media memes in the process. But for the strongest variations […]

[ad_1] The Japanese government approved a bill Tuesday to improve labor conditions for truck drivers, promoting better pay and implementing measures to reduce hours worked in response to the labor shortage in the logistics industry.The law will require prime contractors to keep documentation to track who actually works on their projects in an effort to crack down on cascading subcontracting which leaves the actual truck driver being paid a low […]

[ad_1] The government is set to issue its first tranche of bonds to finance development of clean energy resources this week, with investors expecting healthy demand owing to the scarcity of yen-denominated green bonds.The finance ministry has said it will sell 10-year climate transition bonds on Wednesday and another batch of 5-year bonds later this month. The financing is meant to help the nation cut greenhouse gases to zero by […]