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☆ Japan's factory activity contracts most in over three years
  + stars: | 2024-03-01 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +1 min
An employee checks gaskets after processing them in an automatic press machine at the Hamamatsu Gasket Co. factory in Hamamatsu, Shizuoka Prefecture, Japan, on Wednesday, Oct. 6, 2021. Japan's February factory activity shrank at the fastest pace in more than three years on the back of weakening demand. The au Jibun Bank's flash Japan manufacturing purchasing managers' index fell to to 47.2 in February, compared with January's 48.0 reading, indicating continued contraction in private sector business activity. The reading signals a ninth consecutive deterioration in business activity and the strongest contraction recorded since August 2020, according to au Jibun Bank. Operating conditions in the country's manufacturing sector continued to deteriorate in February.
Organizations: Japan's, Jibun Bank Locations: Hamamatsu, Shizuoka Prefecture, Japan
☆ Japan's Hamamatsu Photonics says Denmark denies approval for NKT Photonics acquisition
  + stars: | 2023-05-08 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, May 8 (Reuters) - Japan's Hamamatsu Photonics KK (6965.T) said on Monday that Danish authorities had rejected a European subsidiary's application to acquire Copenhagen-based fibre laser manufacturer NKT Photonics A/S from NKT A/S (NKT.CO). Hamamatsu Photonics had announced plans for the takeover last June for about 205 million euros ($226 million) to expand application of its laser diode business based on compound semiconductor manufacturing technology. NKT Photonics' lasers could be used for inspection of cutting-edge semiconductor devices, among other applications, it had said. "We are currently considering further actions in relation to the decision," Hamamatsu Photonics said in a statement on Monday. The Danish Business Authority said the denial was in accordance with the Danish Investment Screening Act.
☆ Even astrophysicist Neil deGrasse Tyson has 'no idea' what the large metal ball that washed up on a Japanese beach really is
  + stars: | 2023-02-24 | by ( Aditi Bharade | ) www.businessinsider.com   time to read: +3 min
Even Neil deGrasse Tyson doesn't have an explanation for the mysterious ball that washed up in Japan. When asked about the ball, the astrophysicist told CNN's Don Lemon he has "no idea" what it is. In an interview on Thursday, CNN's Don Lemon asked Tyson what the metal ball was. Lemon then jokingly asked what was the point of having Tyson on the show if he did not know what the ball was. The metal ball was removed from the beach earlier this week, the BBC confirmed in a report on Thursday.
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