In a statement US climate envoy John Kerry said, developed countries have pledged a total of $100 billion towards climate financing following new commitments made by Japan. In 2009 developed countries had pledged to provide $100 billion by 2020 to… Read More ›
Japan
Japanese financial services group Orix Corp to divest software business Yayoi Co for more than $1.75 billion
According to a report from Bloomberg, Orix Corp, a Japanese financial services group, is likely to divest its software business Yayoi Co for more than $1.75 billion (200 billion yen). Blackstone Inc and Bain Capital are among its bidders, said… Read More ›
Japan’s economic security revolves around strategic autonomy and indispensability
On Saturday, a top party official from the Japanese government said, Tokyo’s economic security strategy will revolve around the two pillars of “strategic autonomy and indispensability”. The comments come at a time when Japan is facing an increasingly belligerent China…. Read More ›
China’s BYD and CATL defer building dedicated factory for Apple citing political tensions
According to three sources familiar with the knowledge at hand, Apple Inc’s negotiations with China’s BYD and CATL over battery supplies for its planned electric vehicle have stalled after the Chinese company refused to set up teams and build U.S. plants… Read More ›
Honda Aircraft Co rolls out plans for fuel efficient business jet
In a significant development, Honda Aircraft Co has rolled out plans for a new light business jet that can fly non-stop across the United States. The development comes at a time when there is skyrocketing demand for private travel. Honda… Read More ›
China applies to join the CPTPP
In a statement China’s Commerce Ministry said, China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The Chinese move is aimed at bolstering its clout in global trade. The application was made by… Read More ›
Japan to tighten regulations on foreign ownership of domestic firms
On Wednesday, a report from Japan’s Yomiuri newspaper stated, the government is weighing options which include tightening regulation on foreign funds which have stakes in domestic firms in important technology sectors such as defense and the nuclear industry. With the… Read More ›
Britain set to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership
On Wednesday, members nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially agreed to allow the United Kingdom to start the process of joining the pact, said Japan’s economy minister in a statement. Welcoming the start of… Read More ›
Renewable energy to power Amazon.com Inc’s data centers
Late on Thursday, Japan’s Nikkei reported, Amazon.com Inc is negotiating to build a renewable power plant in Japan with Japanese power utilities and trading houses, in order to procure clean energy for its local data centers. The tech giant is… Read More ›
G7 increases focus on malignant threats from China, Russia
On Tuesday, in a significant development, Britain is set to agree to a firm decisive stand from its G7 partners to protect democracies against global threats stemming from China and Russia. Hosting the event, Britain is likely to lay the… Read More ›