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☆ The global gas glut could reach multi-decade highs in the coming years, Morgan Stanley says
▼ + stars: | 2024-04-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

A liquefied natural gas tanker sails past a container terminal as it arrives in Yokohama, Japan, May 21, 2018. Natural gas prices have plunged as the world grapples with an oversupply after a warmer-than-expected winter. The recent heyday in liquefied natural gas boosted prices and profits, spurring a wave of investment in the sector. "We expect gas market oversupply to reach multi-decade highs over the coming years," Morgan Stanley's commodity strategists said. Natural gas prices currently stand at $1.83 per MMBtu (metric million British thermal unit), down about 22% so far this year.

Persons: Morgan Stanley, Morgan Locations: Yokohama, Japan

☆ Paris waiters compete in race to get a coffee and croissant across the capital
▼ + stars: | 2024-03-25 | by ( Xiaofei Xu | ) edition.cnn.com time to read: +4 min

“I tried holding the tray, it’s pretty heavy!” Paris Mayor Anne Hidalgo told journalists shortly before the race started. Waiters start the Course des Cafes race on March 24, 2024. The “Course des Garçons de Café” (cafe waiters race) was first launched in 1914 to highlight the cafés and restaurants of the French capital, according to French historian Laurent Bihl. Throughout the years, it found popularity not only in Paris but across France in cities such as Nice, Belfort and Calais. Back on the streets of Paris, the quickest entrants completed Sunday’s Course des Cafés race – the name of the revived version has been shortened, dropping the ‘garçons’ – in less than 14 minutes.

Persons: Paris, “, Paris Mayor Anne Hidalgo, Dimitar Dilkoff, ’ It’s, ”, Ariel Weil, Pierre Rabadan, Nicolas Bonnet Oulaldj, Café, Laurent Bihl, Pauline Van Wymeersch, Samy Lamrous Organizations: Paris CNN, Paris Mayor, France, Getty, Paralympic Games, Petit Pont, La Contrescarpe Locations: Paris, AFP, France, Nice, Belfort, Calais, Hong Kong, Yokohama, La

☆ Pritzker Prize 2024: Japanese housing pioneer Riken Yamamoto wins ‘Nobel of architecture’
▼ + stars: | 2024-03-05 | by ( Oscar Holland | ) edition.cnn.com time to read: +8 min

Calmness leads to splendor.”Across a five-decade career, Yamamoto has dedicated himself to fostering community in Japan’s rapidly expanding cities. After designing a succession of private homes in his early career, Yamamoto completed his first social housing project, in the coastal city of Kumamoto, in 1991. The central public space has no gates and can only be reached by passing through the housing blocks, a scheme designed to increase the likelihood of chance encounters. Completed in 1991, Hotakubo Housing in Kumamoto, Japan, was Yamamoto’s first social housing project. The Japanese architect will be awarded with $100,000 and a bronze medallion.

Persons: Riken Yamamoto, Yamamoto, Alejandro Aravena, Pritzker, Kenzo Tange, ” Yamamoto, “, ”, Philip Johnson, ’ “, David Chipperfield, Francis Kéré Organizations: CNN, Pritzker, Hotakubo, Saitama Prefectural University, Future University, Des, Des Moines Public Library, Neues Locations: Japan, Japan’s, Shinonome, Tokyo, Africa, America, metropolises, Yokohama, Tosu, Kumamoto, Seongnam, South Korea, Hiroshima, Koshigaya, Hakodate, Europe, Edo, Nishi, China, Switzerland, British, Des Moines, Iowa, Berlin

☆ Toyota to invest $2 billion in Brazil, says Brazilian vice-president
▼ + stars: | 2024-03-03 | by ( ) www.cnbc.com time to read: +1 min

A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. Japanese auto maker Toyota will announce on Tuesday an 11 billion real ($2.2 billion) investment for the next few years in Brazil, the South American country's vice-president said on Sunday. Toyota said in a statement earlier on Sunday, after local media had first reported the new investments, it had no comment on potential future plans. Brazil's vice-president and minister for industry Geraldo Alckmin said on social media the investments will be unveiled at an event in Toyota's factory in the city of Sorocaba, Sao Paulo state. Toyota would be the latest global automaker to unveil plans for extra investment in Brazil this year, following companies such as Volkswagen, General Motors and Hyundai Motor.

Persons: Geraldo Alckmin, Lauro Jardim Organizations: Toyota, American, Sunday, Volkswagen, General Motors, Hyundai Motor Locations: Yokohama, Japan, Brazil, Toyota's, Sorocaba, Sao Paulo

☆ I grew up always wanting to drive my own car. But I'm from the world's most expensive city to live in, and now I know I never will.
▼ + stars: | 2024-01-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

AdvertisementFor car buyers, the COE is an extra cost that can easily eclipse the actual price of a car. These BMW family cars cost around $103,000 in 2017. COE prices went up to $67,000 that year for lower-end cars, despite more than 13,000 certificates being made available. On Thursday, COE prices for lower-end cars fell to about $48,000, a steep drop that shocked the market. Meanwhile, while unpopular, Singapore's COE prices are working for now.

Persons: —, Mikel Bilbao, Edgar Su, Reuters They've, EDGAR SU, Walter Theseira, Theseira, Singapore's, We've, ROSLAN RAHMAN, we've, Aditya Irawan, it's, they're, Benjamin Loo Organizations: Service, Volvo, Volkswagen, Hyundai, VW, Getty, COE, BMW, Reuters, Toyota Corolla, Singapore University of Social Sciences, ROSLAN RAHMAN Singapore, Yokohama JR Line, The New York Times, Uber, Temasek Holdings, CarTimes, Straits Times Locations: Singapore, European, New York City, Tokyo, Yokohama, New York, Asia, Jakarta, Bangkok, Kuala Lumpur

☆ Ange Postecoglou: How Australian coach is transforming his club and winning the hearts of soccer fans
▼ + stars: | 2024-01-14 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

However, the top flight of English soccer had never seen an Australian manager in its 31-year history – that is until the arrival of Ange Postecoglou. Ian MacNicol/Getty ImagesThe Australian was greeted with a similar reception when he was hired by London club Tottenham in the summer of 2023. “He’s inspired Australian football and inspired Australian football coaches,” Dr. Craig Duncan, one of the nation’s leading sports scientists who worked with Postecoglou during his tenure with the Socceroos – the Australian national team – told CNN Sport. So much so that, according to Duncan, many Australian football fans he has spoken to will immediately check the score of Tottenham’s matches when they wake up. “This isn’t about us playing good football, it’s about us winning games of football,” Postecoglou told reporters after a recent 2-1 defeat by West Ham.

Persons: Ange Postecoglou, Postecoglou, Callum McGregor, Ian MacNicol, “ We’ve, “ He’s, ” Dr, Craig Duncan, –, Duncan, ” Postecoglou, “, Postecoglou’s, Craig Foster, Foster, unemployable ”, Ryan Pierse, Postecoglou's, ” Duncan, Spurs, Antonio Conte’s, you’re, ”, Anusak, “ Ricky Sacks, Sacks, Pedro Porro, Yves Bissouma, Pape Matar Sarr, ’, Mauricio Pochettino, Pochettino, José Mourinho, Nuno Espírito Santo, Conte, Harry Kane, Son Heung, he’s Organizations: CNN, Premier League, Spain’s Basque, Australian’s Premier League, Tottenham Hotspur, Scottish, Celtic, Glasgow, Scottish Premier League, London, Tottenham, Spurs, Socceroos –, Australian, CNN Sport, BBC Sport, Sky Sports, South Melbourne FC, FIFA, Australia, Panachaiki, Brisbane Roar, Roar, Melbourne Victory, Socceroos, Brisbane, Melbourne, Marinos, Tottenham Hotspur “, ” Spurs, ‘, Champions League, Bayern Munich, Spurs ’ Locations: Argentinians, Australia, Greece, Japan, Australian, Postecoglou, Athens, Victoria, Brazil, South Melbourne, Yokohama, Scotland, North London, West Ham, London

☆ A new train pass is launching in Japan this winter — but travelers will have to act fast
▼ + stars: | 2024-01-09 | by ( Jonathan Delise | ) www.cnbc.com time to read: +2 min

Prices for the JR Pass, as it's known, increased roughly 65%-75%, in October 2023. The East Japan Railway Company, better known as JR East, announced a new Kyun Pass in December. Kyun Pass pricesThe cost for the one-day, all-you-can-ride Kyun Pass is a flat 10,000 yen ($70). Here's a comparison of roundtrip bullet train tickets, with and without the Kyun Pass. What the Kyun Pass covers

Persons: Matsumoto, Kyun Organizations: The East Japan Railway Company, East, JR, Yokohama — Locations: Japan, Tokyo, Kyoto, Osaka, Aomori, Nagano, Kanto, Yokohama, Niigata

☆ Rakuten Group's losses, debt burden and financing efforts
▼ + stars: | 2023-11-29 | by ( Anton Bridge | ) www.reuters.com time to read: +2 min

Here are some details about its deeply troubled mobile business, the group's operating losses, debt burden and its efforts to shore up its finances. It had 351 billion yen ($2.4 billion) in annual sales last year and accounts for 18% of Rakuten's overall revenue. Rakuten Group currently has total debt of more than 1.5 trillion yen, of which 800 billion yen is due to be redeemed by the end of 2025. Nov 2022 - sells 19.99% of Rakuten Securities to Mizuho Securities for 80 billion yen. Nov 2023 - sells a further 29% of Rakuten Securities to Mizuho Securities for 87 billion yen.

Persons: Miho Uranaka, Rakuten, Hiroshi, Mickey, Mikitani, Anton Bridge, Edwina Gibbs Organizations: REUTERS, Rights, Rakuten, Reuters Graphics Reuters, Reuters Graphics, Japan Post Holdings, HK, Walmart, Rakuten Securities, Mizuho Securities, Rakuten Bank, Thomson Locations: Yokohama, Kanagawa, Japan, Japanese

☆ Japan's export growth slows as China, global downturn risks loom
▼ + stars: | 2023-11-16 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

A worker is seen among newly manufactured cars awaiting export at port in Yokohama, Japan, November 15, 2017. Weak exports have complicated Japan's efforts to spur economic growth with sluggish domestic demand also weighing on the post-pandemic recovery. Japan's export growth slowsJapan's economy weakened in July-September, snapping two straight quarters of expansion on soft consumption and exports, data showed on Wednesday. By destination, exports to China, Japan's largest trading partner, fell 4.0% year-on-year in October, posting 11 straight months of declines. The trade balance came to a deficit of 662.5 billion yen ($4.38 billion), versus the median estimate for a 735.7 billion yen deficit.

Persons: Toru Hanai, Atsushi Takeda, Tetsushi Kajimoto, Satoshi Sugiyama, Sam Holmes Organizations: REUTERS, TOKYO, Ministry of Finance, Itochu Economic Research Institute, Thomson Locations: Yokohama, Japan, China, United States, Europe

☆ Second half show earns Shandong win in Asian Champions League
▼ + stars: | 2023-10-25 | by ( Michael Church | ) www.reuters.com time to read: +2 min

HONG KONG, Oct 25 (Reuters) - Shandong Taishan moved to the top of Group G of the Asian Champions League on Wednesday as Brazilian striker Cryzan and former Manchester United midfielder Marouane Fellaini scored in the second half to secure a 2-0 win over hosts Incheon United. Only the winners of each of the 10 groups in the Asian Champions League are certain to progress to the last 16, where they will be joined by the three runners-up from the eastern and western halves of the continent with the best records. Thailand's Bangkok United maintained their perfect start in Group F by coming from behind to beat Kitchee 2-1 in Hong Kong. Austria international Jakob Jantscher, a summer signing for the Hong Kong champions, gave Kitchee a seventh-minute lead but Rungrath Phumichantuk levelled four minutes into first half stoppage time. In Group H, first half goals from Alessandro Lopane and Jamie Maclaren saw Melbourne City secure a 2-0 win over Buriram United in Thailand to move onto seven points from three games.

Persons: Cryzan, Marouane Fellaini, Fellaini, Kota, Kenyu Sugimoto, Anderson Lopes, Kevin Muscat's, Jakob Jantscher, Kitchee, Rungrath Phumichantuk, Willen Mota, Fernando, Thais, Bassel, Dan Petrescu's, Alessandro Lopane, Jamie Maclaren, Japan's Ventforet Kofu, Lucas Possignolo, Nyasha Mushekwi, Michael Church, Christian Radnedge Organizations: Asian Champions League, Manchester United, Incheon United, Chinese Super League, South, Incheon, Yokohama F Marinos, Kaya FC, Kota Mizunuma, Bangkok United, Kitchee, Hong, Jeonbuk Motors, Lion City, Melbourne City, Buriram United, Australians, Thomson Locations: HONG KONG, Shandong Taishan, Shandong, Iloilo, Philippines, Bangkok, Hong Kong, Austria, Thailand

☆ World Cup 2023: Previous World Cup finals
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +5 min

PARIS, Oct 25 (Reuters) - On Saturday, New Zealand take on South Africa in the 2023 Rugby World Cup final at the Stade de France, with both teams hoping to win a record fourth title. Mapimpi scored the first try in the 66th minute, becoming the first Springbok to score a try in a World Cup final, despite South Africa having won two previous titles. The teams had met in the pool stage with South Africa winning 36-0. Fullback Jonathan Webb scored two penalties for England, whose decision to ditch their forward-reliant tactics for an expansive running game backfired. 1987 - NEW ZEALAND 29 FRANCE 9 (AUCKLAND)The All Blacks laid down the marker in the first World Cup final, dominating from start to finish as flyhalf Grant Fox's kicking helped his team gain territory time and again.

Persons: Makazole, Cheslin Kolbe, Handre Pollard, Mapimpi, Richie McCaw, Flyhalf Dan Carter, Beauden Barrett's, Tony Woodcock, Stephen Donald, Percy Montgomery, Francois Steyn, Alain Rolland's, Mark Cueto, England's Jonny Wilkinson, Australia's Elton Flatley, Wilkinson, Matt Burke, Ben Tune, Owen Finegan, Nelson Mandela, Jonah Lomu, Joel Stransky's, Webb Ellis, Tony Daly, Michael Lynagh, Fullback Jonathan Webb, flyhalf Grant Fox's, Michael Jones, David Kirk, John Kirwan, Pierre Berbizier, Rohith Nair, Aadi Nair, Christian Radnedge Organizations: Stade de France, England, Springbok, South, Blacks, Wallabies, Springboks, South Africa, ZEALAND, Fullback, Fox, Thomson Locations: New Zealand, South Africa, ENGLAND, YOKOHAMA, Japan, AUSTRALIA, TWICKENHAM, FRANCE, AUCKLAND, France, PARIS, England, SYDNEY, CARDIFF, Australia, JOHANNESBURG, Bengaluru

☆ Rakuten to invest $363 million in better frequency cell base
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

The logo of Rakuten is pictured in Yokohama, Kanagawa, Japan, Aug 2, 2023. REUTERS/Miho Uranaka/File Photo Acquire Licensing RightsTOKYO, Oct 23 (Reuters) - Japan's Rakuten Group (4755.T) on Monday said it would invest 54.4 billion yen ($362.81 million) to construct cellular base stations, just after the government announced it had assigned the company's carrier better frequency for connection. The announcement could boost the company's mobile phone business that has struggled to take market share from cash-rich incumbents known for high-quality networks. Rakuten said it plans to open 10,661 base stations for the "platinum band" frequency and expects its cell phone business to turn profitable in 2026. The company is sticking to a plan to reduce capital expenditure by about 300 billion yen between 2023 and 2025, a spokesperson said.

Persons: Miho Uranaka, Rakuten, Satoshi Sugiyama, Barbara Lewis Organizations: REUTERS, Rights, Thomson Locations: Yokohama, Kanagawa, Japan

☆ Pollard gamble pays off for South Africa
▼ + stars: | 2023-10-21 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

PARIS, Oct 21 (Reuters) - An injury to hooker Malcolm Marx early in the Rugby World Cup threatened a major blow to South Africa’s hopes of retaining the title but the opportunity to call up Handre Pollard was a gamble that paid off handsomely in Saturday’s semi-final. Pollard, who kicked South Africa to the title at the last World Cup in Japan, was left out of the original 33-man squad after failing to prove his fitness. "We needed some energy and that's why we decided to bring on the bench early," the Springbok coach said. When South Africa won a scrum penalty two metres inside the England half with two minutes to go, the stage was set for Pollard. "Firstly the scrum penalty, that is what got us the opportunity," said Pollard.

Persons: Malcolm Marx, Africa’s, Handre Pollard, Pollard, Libbok, Jacques Nienaber, Siya Kolisi, ” Kolisi, It’s, Ed Osmond Organizations: Rugby, Springboks, New Zealand, Stade de France, Tonga, France, Springbok, South Africa, England, Leicester, Thomson Locations: Saturday’s, England, South Africa, Japan, Yokohama, France

☆ Las Vegas Sands beats Wall Street estimates on ongoing tourism recovery in Macau
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The logo of Las Vegas Sands Corp is pictured at the Japan IR EXPO in Yokohama, Japan January 29, 2020. REUTERS/Kim Kyung-Hoon Acquire Licensing RightsOct 18 (Reuters) - Las Vegas Sands Corp (LVS.N) reported better-than-expected profit and revenue for the third quarter on Wednesday, as ongoing ramp up of outbound tourism to Macau and Singapore spurred gaming volumes and retail sales. Shares of the casino operator, which has operations in Macau and Singapore, rose 5.13% in trading after the bell. Both Macau and Singapore have seen tourism soar after pandemic restrictions eased, with visitation to Macau surpassing three million in August for the first time since the pandemic. With tourism close to pre-pandemic levels, Las Vegas Sands has benefited from a business mix comprising a greater share of the mass segment as opposed to VIP in its properties – Marina Bay Sands in Singapore and The Londoner and The Venetian in Macau.

Persons: Kim Kyung, Robert Goldstein, Ananta Agarwal, Shailesh Organizations: Vegas Sands Corp, REUTERS, Thomson Locations: Japan, Yokohama, Macau, Singapore, Vegas, Bay Sands, Macao, Bengaluru

☆ How 1880s technology made it possible for 2 women to travel around the world in under 80 days
▼ + stars: | 2023-10-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +19 min

In 1889, journalist Nellie Bly set off on a trip around the world, trying to make it under 80 days. "You see a huge emphasis being placed on building ships that were ever faster than the previous generation of ships," Goodman said. Once aboard the train, Bly began to receive telegrams from her editors and well-wishers. "Sometimes it literally literally just says, 'Nelly Bly's train,'" Behn said. For Behn, what Bly and Bisland did remains incredible and deserve to be remembered as much as Verne's story.

Persons: Nellie Bly, Elizabeth Bisland, —, Jules Verne's, Bly, Bisland, Adrien Behn, Matthew Goodman, Elizabeth Bisland's, Victoria, Augusta Victoria, Henry Guttmann, seasickness, Behn, San Francisco —, Bettmann, Goodman, John Mix Stanley, Said, Getty Images Bly, they'd, Alfred Touchemolin's, voyaged, She'd, James Buchanan, Joseph Pulitzer's, Nelly Bly's, Jules Verne, Thomas Cook, Fogg, Nelly, she'd Organizations: Service, Cosmopolitan, Atlantic, Hulton, Western, Central Pacific, Union Pacific, Union Pacific's Overland, Rockies, Railroad, US, Ships, Suez, Getty Images, Workers, SSPL, Headquarters, Thomas Cook &, Companies Locations: London, New Jersey, New York, California, Blackwell's, of, New York Harbor, Chicago, Omaha, Utah, San, Salt, Union, Iowa, San Francisco, Midwest, Between Nebraska, Sacramento , California, Sierra Nevada, Lake Jessie , North Dakota, Washington ,, Philadelphia, Suez, Europe, Asia, Africa, Britain, India, Port Said, Egypt, Yemen, commonwealths, British, Aden, Colombo, Penang, Hong Kong, Singapore, Ceylon, Yokohama, France, Germany, America, South China, Nevada, Russian Empire, East, North America, London's, Italy, Ireland, United States, Japan, China

☆ Japan startup develops 'Gundam'-like robot with $3 mln price tag
▼ + stars: | 2023-10-02 | by ( 杉山聡 Chris Gallagher | Chris Gallagher | ) www.reuters.com time to read: +2 min

[1/5] CEO Ryo Yoshida poses for a photograph with ARCHAX, a giant human-piloted robot developed by his start-up Tsubame Industries Co., in Yokohama, south of Tokyo, Japan September 27, 2023. REUTERS/Issei Kato Acquire Licensing RightsYOKOHAMA, Japan, Oct 2 (Reuters) - Tokyo-based start-up Tsubame Industries has developed a 4.5-metre-tall (14.8-feet), four-wheeled robot that looks like "Mobile Suit Gundam" from the wildly popular Japanese animation series, and it can be yours for $3 million. The 3.5-ton robot, which will be unveiled at the Japan Mobility Show later this month, has two modes: the upright 'robot mode' and a 'vehicle mode' in which it can travel up to 10 km (6 miles) per hour. "Japan is very good at animation, games, robots and automobiles so I thought it would be great if I could create a product that compressed all these elements into one," said Ryo Yoshida, the 25-year-old chief executive of Tsubame Industries. Yoshida plans to build and sell five of the machines for the well-heeled robot fan, but hopes the robot could one day be used for disaster relief or in the space industry.

Persons: Ryo Yoshida, Issei Kato, Yoshida, Satoshi Sugiyama, Chris Gallagher, Miyu Ito, Chang, Ran Kim Organizations: Tsubame Industries, REUTERS, Rights, Japan Mobility, Thomson Locations: Yokohama, Tokyo, Japan, Rights YOKOHAMA

☆ Nissan says all new models coming to Europe will be fully electric
▼ + stars: | 2023-09-25 | by ( Nick Carey | ) www.reuters.com time to read: +1 min

REUTERS/Issei Kato/File Photo Acquire Licensing RightsLONDON, Sept 25 (Reuters) - Nissan Motor Co (7201.T) said on Monday that as of now all new models it launches in Europe will be fully electric and it plans to sell only electric vehicles on the continent by 2030. The Japanese carmaker said that one of two new EV models it has already confirmed for Europe will be manufactured at its Sunderland plant in northern England. Earlier this year, Nissan raised its targets for EV models as it plays catch up in a segment dominated by newcomers like Tesla (TSLA.O) - saying it would launch 19 new EV models by 2030. The new goal of going fully electric in Europe by 2030 brings Nissan in line with alliance partner Renault (RENA.PA), which plans to make the Renault brand all electric by then. Ford and Stellantis also plan to be fully electric in Europe by 2030.

Persons: Issei Kato, Makoto Uchida, Ford, Stellantis, Nick Carey, Kirsten Donovan Organizations: Nissan Motor Corp, Nissan, REUTERS, Sunderland, Renault, Volvo, Thomson Locations: Yokohama, Tokyo, Japan, Europe, England

☆ Yoko Kubota — Deputy Bureau Chief at The Wall Street Journal
▼ + stars: | 2023-09-09 | by ( Yoko Kubota | ) www.wsj.com time to read: 1 min

Yoko KubotaYoko Kubota is The Wall Street Journal's deputy bureau chief in Beijing, responsible for business news coverage in China including the technology, autos and consumer sectors. She oversees a team of correspondents and researchers in Beijing, Shanghai, Singapore and New York. They together cover areas including Chinese and multinational companies, industry and trade policy, supply chain and the tech rivalry between the U.S. and China. Yoko previously worked as a technology reporter in the Beijing bureau, and as an automotive reporter in Tokyo. She began her journalistic career at Reuters in Tokyo, and before that worked in urban planning and city management in New York.

Persons: Yoko Kubota Yoko Kubota, Yoko Organizations: U.S, Reuters, Princeton University Locations: Beijing, China, Shanghai, Singapore, New York, Tokyo, Yokohama, Japan, U.S

☆ Nissan to delay new SUV production by 6 months in Mexico due to stolen mold -Nikkei
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

The brand logo of Nissan Motor Corp. is displayed during a press preview of the company's new Ariya all-battery SUV, ahead of the world premiere, at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Sept 5 (Reuters) - Nissan Motor (7201.T) will delay the start of production of its next "Kicks" SUV model in Mexico by about six months after some mold components were stolen at a local supplier, the Nikkei newspaper reported on Tuesday. Production of the remodelled "Kicks" had been due to start in December, but will now likely begin around June 2024, the paper said. Nissan builds the Kicks at its Aguascalientes plant in Mexico for sale in the North American market. The model accounted for 8% of its U.S. sales last year, with about 54,000 units sold, the Nikkei said.

Persons: Issei Kato, Chang, Ran Kim, Mariko Katsumura, Muralikumar Anantharaman, Jacqueline Wong Organizations: Nissan Motor Corp, Nissan, REUTERS, Rights, Nikkei, Thomson Locations: Yokohama, Tokyo, Japan, Mexico, Aguascalientes

☆ China's BYD adds second model to Japan EV line-up
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

YOKOHAMA, Sept 1 (Reuters) - China's BYD (002594.SZ) on Friday said it will start selling its second electric vehicle model in Japan this month, as it seeks to secure a foothold in a market that has given rise to some of the world's best-selling auto brands. BYD, which stands for Build Your Dreams, will also announce Dolphin pricing on that date. A spokesperson declined to disclose how many vehicles it needed to sell in Japan each year to be profitable. This year, its Japan unit signed a car dealership contract with Japanese trading house Sojitz (2768.T). ($1 = 7.2582 Chinese yuan renminbi)($1 = 145.6700 yen)Reporting by Daniel Leussink; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: BYD, Daniel Leussink, Christopher Cushing Organizations: Japan, Thomson Locations: YOKOHAMA, Japan, China, The Shenzhen, Yokohama

☆ Rakuten shares jump as mobile losses narrow
▼ + stars: | 2023-08-14 | by ( Anton Bridge | ) www.reuters.com time to read: +2 min

REUTERS/Miho UranakaTOKYO, Aug 14 (Reuters) - Rakuten Group (4755.T) shares surged on Monday morning after the e-commerce giant reported narrowing losses at its cash bleeding mobile unit last week alongside assurances that it can cover its debt burden for the next financial year. Rakuten has taken to publicly listing its more successful units to generate cash, listing its internet banking business - Rakuten Bank (5838.T) - in April and applying to list its securities business in July. Last week, Rakuten also announced plans to consolidate its payments and points businesses and fold them into Rakuten Card, its credit card and loans unit. Rakuten also committed to taking on no additional gross debt, instead using equity-related financing to reduce its debt burden. The group has a total of 1.9 trillion yen ($13.11 billion) in debt, with 406 billion yen due in 2024 and a further 430 billion yen in 2025, according to Refinitiv data.

Persons: Miho Uranaka, Jefferies, Rakuten, Anton Bridge, Jacqueline Wong Organizations: REUTERS, Rakuten, Rakuten Bank, Thomson Locations: Yokohama, Kanagawa, Japan, Miho Uranaka TOKYO

☆ Hoping to Stay in the Shohei Ohtani Business
▼ + stars: | 2023-08-08 | by ( Scott Miller | ) www.nytimes.com time to read: +2 min

By retaining him at the deadline, the Angels clung to what they feel is an important piece of rope tethering the two sides together. He has been given the creative space to flourish both as a hitter and as a pitcher. And the club has shielded him from the news media, ensuring that all of this is possible without much outside interruption. Additionally, the Giolito acquisition helped push the Angels over the $233 million luxury-tax threshold — a first under the owner Arte Moreno. Club officials feel his impact daily as they watch the throng of fans entering Angel Stadium.

Persons: Edgar Quero, Ky Bush, Arte Moreno, ” Minasian, Moreno, “ I’ve, Atlanta’s Ronald Acuña Jr, “ Organizations: Rivals, Dodgers, Angels, Angels . Club, Angel, Minolta Locations: Yokohama

☆ Arsenal in better position than City, says Guardiola ahead of Community Shield
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +3 min

City, who won their first Champions League title in June, will kick off their 2023-24 season against runners-up Arsenal on Sunday in the traditional curtain-raiser to the Premier League season. "The situation that we are in, we finished (last season) two weeks later than Arsenal and we start (this season) two weeks later. Arsenal have bought a really good player," Guardiola said. Guardiola reiterated his desire to keep England defender Kyle Walker, who has a year left on his City contract, amid interest from German giants Bayern Munich. Guardiola said Croatia defender Josko Gvardiol, who is set to join City from Bundesliga club RB Leipzig, is undergoing his medical test.

Persons: Pep Guardiola, Manchester City's Mateo Kovacic, Jack Grealish, Kim Kyung, Mikel Arteta's, Guardiola, Declan Rice, Kai Havertz, Rice, Kyle Walker, Bernardo Silva, Kyle, Bernardo, Silva, Josko Gvardiol, Pearl Josephine Nazare, Christian Radnedge Organizations: Soccer Football, Yokohama F Marinos, Manchester City, Japan, Manchester, Arsenal, Community, City, Champions League, FA, Premier League, Mikel Arteta's Arsenal, West Ham United, Chelsea, Ajax Amsterdam, England, Bayern Munich, LaLiga, Barcelona, Croatia, Bundesliga, RB Leipzig, Thomson Locations: Tokyo, Japan, London, West, Portuguese, Bengaluru

The preliminary report said Nissan had installed two sets of security cameras at the entrance to Gupta's house in Tokyo's Shibuya ward, the people said. Uchida and Gupta, who was still a Nissan director and chief operating officer on June 20, were recused from the board meeting. In his letter, Nada asked for an international law firm to be brought in to investigate the surveillance of Gupta. Reuters was unable to determine if either law firm had made any finding about the harassment claim itself, beyond how it was handled. Nada said in his letter he understood that Japanese law firm Anderson Mori & Tomotsune had investigated the claim.

Persons: Ashwani Gupta, Makoto Uchida, Davis Polk, Gupta, Uchida, Nissan, Akira Takeuchi, Hari Nada, Nada, Iwata Godo, Motoo Nagai, Nagai, Anderson Mori, Tomotsune, Daniel Leussink, Maki Shiraki, Kevin Krolicki, David Clarke Organizations: Nissan, Renault, Reuters, NEW, Senior Renault, Thomson Locations: Yokohama, Tokyo's Shibuya, Tokyo, French, Austin , Texas

☆ Factbox: Japan ramps up efforts to strengthen its chip industry
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +4 min

Below are investments in Japan announced by chipmakers and measures the government is taking to revive its semiconductor industry. Sony Group (6758.T) and auto parts maker Denso (6902.T), which will use the chips TSMC makes, are also investors. It said it would be the first chipmaker to bring EUV technology to Japan for production. It has offered TSMC a 476 billion yen subsidy, or about half the expected cost of the factory. Rapidus secured an initial 70 billion yen of funding from the government, and local media reported in April that the government was finalising a plan to provide an additional 300 billion yen.

Persons: TW, Rapidus, JIC, Makiko Yamazaki, Sam Nussey, Tim Kelly, Miho Uranaka, Miyoung Kim, Jamie Freed Organizations: Semiconductor, chipmakers, Taiwan Semiconductor Manufacturing, Sony Group, Micron Technology, Samsung Electronics, Reuters, Business Machines, IBM, Samsung, Nikon, Tokyo, Japan Investment Corp, Innovation Network Corp of Japan, Toshiba, Japan Industrial Partners, Thomson Locations: TOKYO, Japan, Kyushu, Denso, KS, Yokohama, Japan's, Chitose, Hokkaido, Rapidus, U.S, China, State

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