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☆ Why Warren Buffett is so keen on Japan's versions of Berkshire Hathaway
▼ + stars: | 2023-05-05 | by ( Tim Hornyak | ) www.cnbc.com time to read: +9 min

But Warren Buffett added a spark in April when he visited Japan to announce that Berkshire Hathaway boosted its investment in Japanese trading houses to 7.4%. Buffett said the five — Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui, and Sumitomo Corp. — are comparable to Berkshire itself. Samurai roots for Buffett's Japanese stocks The five trading firms that Berkshire has invested in are the biggest of Japan's so-called sogo-shosha, or general trading companies. Today, Japan's trading companies derive most of their revenue from non-trade activities. Shosha: The Big Five Mitsubishi The largest of Japan's trading companies is Mitsubishi Corp. , set up in 1954.

☆ Why fans say trips to Disney World are now 'incredibly complicated' to pull off
▼ + stars: | 2023-04-03 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +12 min

But some travelers aren't thrilled about what it takes to pull off a trip to Walt Disney World these days. He said he goes to Disney World about "once a month." They will leave thinking food at Disney World is a "cheeseburger and a hot dog … which could not be farther from the truth," he said. Walt Disney World comprises four theme parks, two water parks and dozens of themed hotels, plus a shopping and entertainment area called Disney Springs. He called Disney World an "amazing spa destination" and said Disney Springs, formerly known as Downtown Disney, has shopping, live music and fantastic restaurants.

☆ Japan telecom firm NTT unveils chip to boost the speed of communications
▼ + stars: | 2023-02-23 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +1 min

OAKLAND, Calif. Feb 23 (Reuters) - Japanese telecommunications NTT (9432.T) on Thursday unveiled a prototype chip that it believes will help boost communications speed in data centers and across undersea fiber optic cables in the future. NTT said its development will speed up the Internet for consumers and accelerate communication for data centers in the future. Gomi added that amplifying the electrical signal is a key step in communications as a weak signal is hard to read. This chip would be a key component to reaching 2 terabit per second speed (Tbps), he said. A 2 Tbps communication future is still six to seven years out as communication equipment using the new chip would have to be designed by other companies, Gomi said.

☆ BlackRock downgrades Japan stocks on possible monetary policy shift
▼ + stars: | 2023-02-15 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

Kazuhiro Nogi | Afp | Getty ImagesBlackRock, the world's largest asset manager, cut Japanese stocks to "underweight" – as Japan is set to appoint a new governor to lead its central bank. "We downgrade Japanese stocks on policy uncertainty and a worsening economic environment," BlackRock's research arm said Monday, before the government submitted its central bank picks to parliament. U.S. Treasury yields spiked, with the 10-year note and the 30-year note jumping 7 and 8 basis points respectively. One possibility is the Bank of Japan further widening its tolerance range beyond 50 basis points. Nikkei separately reported earlier this month that the central bank purchased 23.7 trillion yen ($182 billion) of JGBs in January, a new record high.

☆ The art of the buffet: Cruise chef of two decades explains how ships feed thousands of passengers at sea
▼ + stars: | 2023-02-03 | by ( Hannah Towey | ) www.businessinsider.com time to read: +7 min

Marco Goetz has worked on some of the world's largest cruise ships as an executive chef. "On land, your daily routines are more organized — you know what is coming," Goetz told Insider. The art of the buffetGuests are served food in the Marketplace buffet onboard the cruise ship MSC Virtuosa. Throughout the cruise, buffet options are adjusted in accordance with guests' nationalities, Goetz told Insider. But, cruise ship workers receive living quarters (most chefs have their own cabin) and meals for free.

☆ Japan may build 2 huge warships to counter the growing missile threat from North Korea
▼ + stars: | 2022-12-15 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +9 min

That has led Japan to examine its missile defense, which relies on specially designed warships. The launches have forced Japan to examine its unique ballistic-missile defense system, which relies heavily on specially equipped warships to intercept incoming missiles. US Missile Defense Agency/Heather CavaliereJapan began developing its current BMD system in 2004. US Navy/MCS3 Quinton A. LeeThe Aegis-equipped BMD ships are the most important part of Japan's BMD system. US Navy/MCS Seaman Aleksandr FreutelThere are advantages to relying on maritime-based platforms for missile defense.

☆ Travel warnings: What other nations tell their citizens about US violence
▼ + stars: | 2022-11-27 | by ( Forrest Brown | ) edition.cnn.com time to read: +12 min

After all, the rate of gun-related deaths in the United States has been going up in recent years. CNN Travel keeps a periodic check on what the governments of the United States’ neighbors and closest allies tell their citizens about coming here. It also tells its citizens that “violent crime, including gun crime, rarely involves tourists, but you should take care when traveling in unfamiliar areas. In many states, it is legal for United States citizens to openly carry firearms in public. “Violent crime has targeted individuals and groups from the LGBTQIA+ community and those with diverse ethnic, cultural and religious backgrounds.

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☆ Kipchoge will be at London Marathon, but not racing
▼ + stars: | 2022-09-27 | by ( Mitch Phillips | ) www.reuters.com time to read: +3 min

Eliud Kipchoge of Kenya crosses the finish line to win the men's category race in the Tokyo Marathon 2021 in Tokyo, Japan March 6, 2022. Kipchoge, a four-times winner in London, clocked two hours, 01.09 seconds to take half a minute off his own record set on the same Berlin course four years ago. Returning to London he will present medals to thousands of youngsters racing parts of the course on Saturday, finishing under the famous gantry on The Mall. Briton Mo Farah, now 39, won the Mini Marathon three times and will be the man the locals want to see on Sunday. Brasher said that he was planning for London Marathon to accommodate 50,000 runners, up from the current total of around 40,000, probably from 2024, with a long view to matching that with 50,000 in the Mini Marathon to mark the race's 50th Anniversary in 2031.

☆ 8 companies Amazon, Microsoft, or Google might buy as they shop for deals amid the market downturn, including Workday, Unity, and Roku
▼ + stars: | 2022-09-15 | by ( Belle Lin | ) www.businessinsider.com time to read: +13 min

That means Amazon Web Services, Microsoft Azure, and Google Cloud could be poised for a merger-and-acquisition spree. As for cloud acquisitions, analysts said Amazon's cloud unit didn't often buy companies. Cybersecurity has been a greater focus for Microsoft, AWS, and Google Cloud after the hack of the IT-software company SolarWinds in 2020. In 2019, Google purchased the data-analytics company Looker for $2.6 billion in cash under Google Cloud CEO Thomas Kurian. With Kurian at the helm, bringing with him the Oracle acquisition playbook, Google Cloud may now have a bigger M&A appetite.

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