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☆ I was charged ‘junk fees’ by a New York City hotel. Here’s what happened next
▼ + stars: | 2023-08-21 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +7 min

In this article HMARBKNG Follow your favorite stocks CREATE FREE ACCOUNTMy hotel bill from a three-night trip to New York City included 21 charges. Nine were for "destination fees." Federal Trade Commission estimates show consumers paid around $2 billion in hotel fees before the pandemic, and mandatory fees have grown since then. The bill, the Hotel Fees Transparency Act, prohibits hotels from advertising rates without mandatory fees. Former presidential candidate and current Senator Amy Klobuchar, D-Minn., introduced the Hotels Fees Transparency Act to the U.S. Senate in late July.

Persons: Joe Biden's, I'd, Munir Salem, Rafat Ali, Joe Biden, Kent Nishimura, Ali, it's, Amy Klobuchar, Bill Clark, Park's Salem, Expedia, Chip Rogers, I'm Organizations: Thompson, Park, CNBC, Thompson Central, Newspapers, Federal Trade Commission, Los Angeles Times, Getty, U.S . Senate, U.S ., Cq, Inc, Biden Administration, United, Frontier, Texas, Holdings, Marriott International Inc, Marriott, American, Lodging Locations: New York City, North America, Joe Biden's State, Park New York, Hyatt, York, U.S, U.S . Senate, Pennsylvania

☆ Japan PM to meet fishing industry leaders over Fukushima water
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

Japan's Prime Minister Fumio Kishida visits the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan August 20, 2023, in this photo released by Kyodo. Mandatory credit Kyodo via REUTERS Acquire Licensing RightsTOKYO, Aug 21 (Reuters) - Japanese Prime Minister Fumio Kishida will on Monday meet fishing industry representatives in a bid to convince them of the safety of treated radioactive water due to be released from the wrecked Fukushima nuclear power plant into the sea. The water has been treated to remove most radioactive elements except for tritium, a hydrogen isotope that must be diluted because it is difficult to filter. Despite such assurances, the prospect of more than a million tons of water being pumped into the Pacific from the nuclear plant owned by Tokyo Electric Power Company (9501.T) has raised alarm. Japanese Industry Minister Yasutoshi Nishimura is due to meet the same fishing industry leaders before the Kishida meeting.

Persons: Fumio Kishida, Yasutoshi Nishimura, Satoshi Sugiyama, Elaine Lies, Muralikumar Organizations: Japan's, Kyodo, REUTERS Acquire, Rights, International Atomic Energy Agency, IAEA, Tokyo Electric Power Company, Citizens, Japanese Industry, Thomson Locations: Okuma, Fukushima prefecture, Japan, Tokyo, China, South Korea

Affirmative action supporters and counterprotesters shout at each other outside the U.S. Supreme Court building in Washington, D.C., June 29, 2023. Now that the Supreme Court has struck down race-conscious admissions, employers could face challenges in how they find diverse talent. A group of 13 Republican attorneys general suggested in the wake of the ruling that companies' diversity, equity and inclusion, or DEI, programs could be considered unlawful discrimination. In the wake of the ruling, many fear universities could become less reliable sources from which to recruit diverse talent. However, during the last year there has been a "step back" in terms of diversity hiring, said Reyhan Ayas, a senior economist at Revelio Labs, a workforce data and analytics firm.

Persons: Kent Nishimura, Jocelyn Samuels, Lorraine Hariton, Donald Harris, Stacy Hawkins, Kim Waller, Korn, Waller, Ahmad Thomas, Thomas, it's, We've, Alvin Tillery, Tillery, Carey Thompson, Adam Kovacevich, George Floyd, Russell, Reyhan Ayas, Northwestern's, Salesforce, Kovacevich, VI, Temple's Harris, " Harris Organizations: U.S, Supreme, Washington , D.C, Los Angeles Times, Apple, General Electric, Google, Starbucks, Harvard University, University of North, Democratic AGs, Employment, Commission, Catalyst, Temple University School of Law, University of California, University of Michigan, Urban Institute, Employers, Rutgers University . Companies, . Census, Temple University School of Law Business, Leadership Group, Corporate, Northwestern's Center, Diversity and Democracy, Gettysburg, of Progress, Economic, Revelio Labs, Silicon, Amazon, Microsoft, Civil Locations: Washington ,, University of North Carolina, U.S, Silicon Valley

☆ Here's what Tesla owners wish new EV buyers understood
▼ + stars: | 2023-07-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla owners recommend you leave a space open between chargers whenever possible to avoid slowing the speed of the charge. "Tesla etiquette is: Don't park next to someone else at a Supercharger because if you're sharing a stall, you just slowed down their charge." Tesla charging stations have stalls that are labelled with a number and the letters "A" and "B." The more chargers at a location, even if they're spaced out, the slower the overall charge will be as well. Tesla owners say they often use the company's internal navigation system to find charging sites with less traffic to avoid slower chargers.

Persons: Kent Nishimura, Nelson Jackson, Tesla Organizations: Los Angeles Times, Getty, Clean Technica

☆ New EV battery plant fuels labor tensions as UAW strike looms deadline
▼ + stars: | 2023-07-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —Stellantis and Samsung SDI announced plans Monday for another EV battery plant joint venture to open in 2027. Four major EV battery plants have opened in recent years and 19 more are planned with Monday’s announcement, according to the UAW. An aerial view of the Stellantis and Samsung Battery Plant construction site in Kokomo, Indiana. Those talks will have to be focused on the wages and benefits for the current UAW members. By comparison, UAW members with top seniority at a Big Three factory get $32.32 an hour, plus an annual bonus and profit sharing.

Persons: New York CNN — Stellantis, Shawn Fain, Stellantis, BEV, Kent Nishimura, ”, it’s, Fain, He’s, “, ” Stellantis Organizations: New, New York CNN, Samsung SDI, United Auto Workers, Stellantis, Jeep, Dodge, Chrysler, General Motors, Ford, UAW, don’t, GM, Fiat Chrysler, PSA Group, Peugeot, Opel, Vauxhall, Samsung Battery, Los Angeles Times, Samsung, Big, LG, SK, CNN, ICE Locations: New York, United States, Europe, Kokomo , Indiana, Warren Ohio, Korean, Kokomo

☆ The US should be very careful about what it promises to do for Ukraine
▼ + stars: | 2023-07-11 | by ( Daniel L. Davis | Defense Priorities | ) www.businessinsider.com time to read: +7 min

US shouldn't support or extend a security guarantee — through NATO or bilaterally — to Ukraine. Doing so would endanger US national security and increase the odds of a direct clash with Russia. I mean, miles and miles and miles deep." Kent Nishimura / Los Angeles Times via Getty ImagesI concur with that assessment, and the likelihood of a stalemate should end any consideration of providing Ukraine security guarantees. Plainly stated, Russian conventional forces do not pose a risk to American national security.

Persons: Daniel L, Davis, Oleksii Reznikov, Volodymyr Zelensky, Diego Herrera Carcedo, John Kirby, Kirby, —, Joe Biden, Volodymyr Zelenskyy, Kent Nishimura, Prigozhin's Organizations: NATO, Defense, US, Service, Ukraine Defense, American, Anadolu Agency, Getty, New York Times, National Security, House, Los Angeles Times, Ukraine, US Army Locations: Ukraine, Russia, Wall, Silicon, Vilnius, United States, —, Bakhmut, Ukrainian, Russian, NATO, Kyiv, America

☆ These risk factors suggest borrowers could struggle when student loan payments resume, report finds
▼ + stars: | 2023-07-03 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

People line up outside of the Supreme Court in Washington, D.C., on June 30, 2023. Kent Nishimura | Los Angeles Times | Getty ImagesMany student loan borrowers face risk factors that suggest they could struggle covering their bills, especially after the Supreme Court struck down President Biden's federal student loan forgiveness proposal and repayment will resume in October. "I wasn't necessarily surprised," said Stedman, who graduated from college in 2013 with just under $40,000 in student loan debt. For his part, Stedman said he's found his student loan debt to be a "challenge" since graduation. 3 things to consider as loan payments resume

Persons: Kent Nishimura, Colton Stedman, Biden, Stedman, —, Jack Wallace, Yrefy, he's, It's, Wallace Organizations: Washington , D.C, Los Angeles Times, Getty, Consumer Financial, Bureau, South Saint, Finance, Governors, Federal Reserve System, College Board Locations: Washington ,, South, South Saint Paul , Minnesota, U.S, Yrefy

☆ South Korea to return to Japan's 'white list' for exports on July 21
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: 1 min

TOKYO, June 27 (Reuters) - Japan will reinstate South Korea to its "white list" for exports with fast-track trade status effective July 21, Japanese trade minister Yasutoshi Nishimura said on Tuesday, a crucial step for resolving an economic row between the two nations. Japan lifted export curbs on high-tech materials to South Korea in March as the nations mended ties amid North Korea's repeated missile launches and China's stepping up defence activities. South Korea's trade ministry welcomed the move as a "complete recovery of trust between the two countries in export control". The ministry also said it would work closely with Tokyo on bilateral and multilateral export control issues in future. Reporting by Miho Uranaka in TOKYO, Hyunsu Yim in SEOUL, writing by Kaori Kaneko Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

Persons: Yasutoshi Nishimura, Miho Uranaka, Hyunsu Yim, Kaori Kaneko, Chang, Ran Kim Organizations: South, Thomson Locations: TOKYO, Japan, South Korea, Tokyo, SEOUL

☆ Allied to sell UDC portfolio to KDDI Corp for C$1.35 bln
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

June 21 (Reuters) - Allied Properties Real Estate Investment Trust (AP_u.TO) on Wednesday said it has entered into an agreement to sell its urban datacenter portfolio to Japanese telecommunications provider KDDI Corporation (9433.T) for C$1.35 billion ($1.02 billion). The portfolio comprises Toronto's 151 Front Street West and 905 King Street West, along with a leasehold interest in 250 Front Street West. Allied will use around C$1 billion of the sale proceeds to retire debt and the balance to fund its upgrade and development activity over the remainder of 2023 and into 2024, the company said. Scotiabank, CBRE and Aird & Berlis LLP are advisers to Allied for the transaction, while BofA Securities, Borden Ladner Gervais LLP and Nishimura & Asahi are acting as advisers to KDDI. ($1 = 1.3222 Canadian dollars)(This story has been corrected to change to Canadian dollar from U.S. dollar throughout and adds conversion)Reporting by Pratyush Thakur in Bengaluru; Editing by Dhanya Ann Thoppil and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Berlis, Borden Ladner Gervais, Pratyush Thakur, Dhanya Ann Thoppil, Pooja Desai Organizations: Real, Investment Trust, KDDI Corporation, King Street, West, Scotiabank, BofA Securities, Borden Ladner Gervais LLP, Nishimura, Asahi, Thomson Locations: CBRE, Bengaluru

☆ Japan to open up Apple- and Google-dominated phone apps to competition
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

[1/2] An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File PhotoTOKYO, June 17 (Reuters) - Japan plans to stoke competition in smartphone app payments, dominated by Apple (AAPL.O) and Google, by banning major app store operators from forcing software developers to use the operators' own payment systems, a government panel said. Apple's iOS and Android from Alphabet's (GOOGL.O) Google roughly split Japan's mobile OS market. Apple allows users to download iPhone apps only through its own app store, while both Apple and Google require software developers to use proprietary payment systems that charge commissions of up to 30%. Members of the government panel include Industry Minister Yasutoshi Nishimura and Economy Minister Shigeyuki Goto.

Persons: Mike Segar, Yasutoshi Nishimura, Shigeyuki Goto, Kiyoshi Takenaka, Lincoln Organizations: Apple, REUTERS, stoke, Google, Asahi Shimbun, Industry, Thomson Locations: Manhattan, New York City, TOKYO, Japan

☆ Japan increases support for domestic EV battery output
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +3 min

The move shows Tokyo is confident about ramping up battery production support after the United States and Japan struck a deal on electric vehicle (EV) battery minerals in March that is key to giving Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The government will support Toyota for up to 117.8 billion yen ($841 million) in subsidies for its investment in EV battery production, Nishimura said, adding he hoped it would strengthen Japan's storage battery supply chain. Japan has designated batteries for energy storage, including car batteries, as important under an economic security law. It had announced 184.6 billion yen in support for storage battery-related proposals at that time. Friday's announcement of 127.6 billion yen in subsidies brought the total so far to 312.2 billion yen.

Persons: Aly, Industry Yasutoshi Nishimura, Nishimura, METI, Japan's, David Dolan, Daniel Leussink, Hugh Lawson, Sonali Paul, David Evans Organizations: Auto Shanghai, REUTERS, Toyota, EV, Economy, Trade, Industry, Union, Toyota Industries, Honda, Thomson Locations: Shanghai, China, TOKYO, Japan, Tokyo, United States, U.S

☆ BTS 10th anniversary: Superfans make pilgrimage to South Korea to celebrate the K-pop band that conquered the globe
▼ + stars: | 2023-06-13 | by ( Kathleen Magramo Yoonjung Seo Paula Hancocks | Kathleen Magramo | Yoonjung Seo | ) edition.cnn.com time to read: +10 min

Scroll through the gallery to see how the K-pop group went global. ilgan Sports/Multi-Bits/Getty Images BTS fans at the "Love Yourself" North American Tour at the Staples Center on September 9, 2018 in Los Angeles. Andrew Lipovsky/NBC/Getty Images BTS won all three awards they were nominated for at the 2021 American Music Awards held in Los Angeles. Theo Wargo/Getty Images BTS addressed Asian inclusion and representation at the White House in Washington, DC on May 31, 2022. “Being in America and not seeing that much of Asian representation, when I saw that seven Asian guys were trending … that totally like piqued my interest immediately.

Persons: Rowan Joss, Katie Myles ’, they’re, ’ ”, Joss, HYBE, Myles, Kim Tae, Jung Ho, Kim Nam, Kim Seok, Jeon Jung, kook, Min Yoon, Psy’s, ”, Chelsea Guglielmino, Jimmy Fallon, Andrew Lipovsky, Matt Winkelmeyer, Theo Wargo, Kent Nishimura, CedarBough Saeji, ” Saeji, Katie Myles, –, hasn’t, Anthony Wallace, ’, Lisa Trinh, Diana Phung, they’ve, Trinh, they’ll, Jimin, Hwang Young, Startrip, Yoonjung Seo, Jungkook, dad, Justin Bieber, Selena Gomez, Ariana Grande, Shawn Mendes, it’s, Michelle Cho, It’s, Phung Organizations: Seoul CNN —, BTS, Records, YouTube, ilgan, Staples Center, Chelsea, NBC, Getty, White, Los Angeles Times, East Asian Studies, Pusan National University, ARMY, Ministry of Culture, Tourism, Tower, CNN, The, Guinness, Spotify, University of Toronto Locations: Hong Kong, Seoul, South Korea, Scotland, Los Angeles, Washington , DC, Korean, AFP, Seoul’s, California, Gangwon province, Busan, Korea, Cafe, America

☆ The world’s largest city is a futuristic paradise. But some things stay stuck in the past
▼ + stars: | 2023-06-08 | by ( Richard Quest | ) edition.cnn.com time to read: +8 min

Tokyo CNN —It’s the biggest city in the world, a vast metropolitan area that’s home to more than 37 million people. Onigiri – savory rice balls wrapped in nori or seaweed – have been a comfort food staple for thousands of years. Known as “The Monk In Heels,” Nishimura juggles his life as a monk with his work as a makeup artist. Origami, too, remains a powerful, soothing way to use such skills and step away from the fast-paced world of the modern city. He is the face of a timeless, sedate Tokyo, an antidote to the hectic way things often feel here.

Persons: Tokyo CNN —, Ukon, Onigiri Bongo, ”, Salmon, It’s, Yumiko, CNN's Richard Quest, Takefumi Hamada, chef, Hamada, you’re, ‘, Kodo Nishimura, ” Nishimura juggles, Nishimura, “, ’, Kazuo Kobayashi Organizations: Tokyo CNN, Michelin, CNN, Netflix, Disney Locations: Tokyo, Akihabara, Japan, Tokyoites, CNN Tokyo, Shibuya, Shinjuku

☆ Why running for president has a lot of upsides, even for the candidates who lose
▼ + stars: | 2023-06-03 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +12 min

Often, candidates can even get the book deals before they run for president, especially if there's a lot of buzz around them. CNN host and debate moderator Wolf Blitzer stands in front of the Republican presidential candidates in 2016. outlook has taken hold among both Republican and Democratic presidential candidates. Numerous presidents were once failed presidential candidates, including Lyndon Johnson, Richard Nixon, George H.W. "The only way to learn how to run for president," Sullivan said, "is to run for president."

Persons: —, Donald Trump, Ron DeSantis, Nikki Haley, Sen, Tim Scott of, Asa Hutchinson, Vivek Ramaswamy, Larry Elder, Mike Pence, Chris Christie, Doug Burgum, It's, Marco Rubio's, Terry Sullivan, Sullivan, who've, Pete Buttigieg, Kamala Harris, Kent Nishimura, aren't, Kamala Harris of, Joe Biden, Stacy Rosenberg, Haley, Glenn Youngkin —, Elizabeth Warren, Bernie Sanders, J, Miles Coleman, Ball, Mike Huckabee, Spencer Platt, Rosenberg, Doug Heye, Trump Adam Kinzinger hasn't, Archie Bunker, Trump, Hutchinson, Sanders, Michael Benet of, Biden, Heye, Rubio, John Hickenlooper, Hickenlooper, Wolf Blitzer, David J, Phillip, Hillary Clinton, Scott, Jimmy Carter, Bill Clinton, he's, Coleman, Lyndon Johnson, Richard Nixon, George H.W, Bush — Organizations: Service, GOP, Florida Gov, Arkansas Gov, New, New Jersey Gov, North Dakota Gov, White, Trump, Transportation, Los Angeles Times, Getty, Carnegie Mellon University's Heinz College of Information Systems, Public, Virginia Gov, Publishers, Macmillan Publishing, Senators, University of Virginia Center for Politics, Former Arkansas Gov, Fox News, Netflix, Republican, Democratic, Child Tax, Florida Republican, Capitol, CNN, Georgia Gov Locations: Florida, Tim Scott of South Carolina, Arkansas, New Jersey, Millenial, South Bend , Indiana, Kamala Harris of California, Virginia, Iowa, California, Illinois, United States, Michael Benet of Colorado, Colorado, New Hampshire

☆ Manchin's Mountain Valley Pipeline would get the green light debt ceiling deal
▼ + stars: | 2023-05-31 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

The conservative Democrat from West Virginia, who has been critical of the Biden administration’s environmental goals, praised the White House and congressional Republicans this week. “All of a sudden, [the White House] did their job, they negotiated. Manchin has been critical of Biden's climate goals, but praised the White House and congressional Republicans this week for their work on the debt ceiling deal. White House officials backed Manchin’s effort last year, and climate and energy officials – including White House senior adviser John Podesta and Energy Secretary Jennifer Granholm – voiced support for approving the pipeline more recently. A Hail Mary effort to remove itThere could be a last-ditch effort to undo the pipeline piece of the debt ceiling bill.

Persons: CNN — Sen, Joe Manchin’s, Virginia –, Manchin, Kevin McCarthy, ” Manchin, “, Joe Biden’s, Justin Pearson, Kent Nishimura, Biden, ”, Abdullah Hasan, West Virginia’s Marcellus, James Van Nostrand, John Podesta, Jennifer Granholm –, Chuck Schumer, Mary, Sen, Tim Kaine, “ Sen, Kaine Organizations: CNN, Democratic, Democrat, Biden, White, Republicans, West, Appeals, Fourth Circuit, Keck, Environmental, Los Angeles Times, West Virginia University, White House, Energy, DC, Senate, Virginia Democrats, House, Republican, Kaine Locations: West Virginia, Virginia, Tennessee, clawing, West, Utica, Texas

☆ China urges Japan to end curbs on chip exports
▼ + stars: | 2023-05-30 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China’s commerce minister has urged Japan to end its newly announced curbs on exports of chipmaking equipment, saying it would hurt economic and trade relations between the two countries. In March, Japan announced it would tighten rules on exports of 23 types of advanced semiconductor manufacturing equipment, joining the United States and the Netherlands in curbing the sale of key technology to China. On May 23, the commerce ministry issued a statement calling on Japan to “immediately” stop the export restrictions and said China would take measures to defend its interests. China's commerce minster, Wang Wentao, left, met Yasutoshi Nishimura, Japan's trade minister, in Detroit last week. China has its own chip manufacturers, but they supply mostly low- to mid-end processors used in home appliances and electric vehicles.

BEIJING, May 29 (Reuters) - Chinese Commerce Minister Wang Wentao urged Japan to halt semiconductor export controls, calling it a "wrongdoing" that "seriously violated" international economic and trade rules, a statement from his ministry said on Monday. China's latest condemnation of the export restrictions was made during Wang's talks with Japanese Trade Minister Yasutoshi Nishimura on May 26 at the Asia-Pacific Economic Cooperation (APEC) conference in Detroit. Japan, along with the Netherlands, in January agreed to match U.S. export controls that will limit the sale of some chipmaking tools to China, and has placed restrictions on the export of 23 types of semiconductor manufacturing equipment to its neighbour. Japan has not singled out China in its statements about the export controls, saying only that it is fulfilling its duty to contribute to international peace and stability. Monday's statement from the Chinese commerce ministry also said, however, that China "is willing to work with Japan to promote practical cooperation in key economic and trade areas."

☆ China urges Japan to stop imposing chip export controls
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: 1 min

BEIJING, May 29 (Reuters) - Chinese Commerce Minister Wang Wentao urged Japan to correct its "wrongdoing" of imposing chip export controls, according to a statement from the Chinese commerce ministry on Monday. Wang made the comments during talks with Japanese Trade Minister Yasutoshi Nishimura on May 26 at the Asia-Pacific Economic Cooperation (APEC) conference. Wang was quoted as saying that Japan had ignored China's strong opposition and opinion within the industry and that its actions "seriously violated" international economic and trade rules. "China is willing to work with Japan to promote pratical cooperation in key economic and trade areas," the statement also quoted Wang as saying. Reporting by Beijing newsroom; Writing by Bernard Orr; Editing by Muralikumar Anantharaman and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

☆ Washington and Tokyo vow closer chip cooperation
▼ + stars: | 2023-05-27 | by ( ) www.reuters.com time to read: +2 min

[1/2] Nishimura Yasutoshi, Minister of Economy, Trade and Industry (METI), talks during an interview with Reuters in Tokyo, Japan, April 5, 2023. In a joint statement, the two countries agreed to increase cooperation between their research and development hubs, as they map out future technology collaboration. The statement came after Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura met in Detroit with U.S. Secretary of Commerce Gina Raimondo. The two countries agreed to work together "to identify and resolve geographic concentrations of production undermining semiconductor supply chain resilience". Raimondo on Thursday met China's Minister of Commerce Wang Wentao in Washington where the pair exchanged views on trade, investment and export policies.

"The international community is at a crossroads in history," Prime Minister Kishida told a briefing following his more than hour-long meeting with Biden. Japan, although a longtime buyer of Russian oil, has moved in tandem with G7 sanctions against Moscow following Russia's February 2022 invasion of Ukraine. That military action has also raised fears among Japanese that China could be emboldened to take action against neighbouring, self-ruled Taiwan unless Russia is stopped. TIGHTEN SANCTIONSThe G7 will aim to tighten sanctions on Russia to prevent it skirting measures already in place, Germany's leader, Olaf Scholz, said on Thursday. Kishida later said he and Biden had agreed to continue "strict sanctions against Russia as well strong support for Ukraine".

☆ Ahead of G7, Japan PM welcomes more investment from global chipmakers
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

TOKYO, May 18 (Reuters) - Prime Minister Fumio Kishida said he welcomed and expected more investment from global chipmakers in Japan, which is striving to revive its chip sector, after meeting top executives on Thursday before a Group of Seven summit. Growing Taiwan and U.S. tensions with China have brought serious challenges to the semiconductor industry, with Taiwan a major producer of chips used in everything from cars and smartphones to fighter jets. "I am very pleased with your positive attitude towards investment in Japan, and would like the government as a whole to work on further expanding direct investment in Japan and support the semiconductor industry," Kishida said. In particular, Kumamoto prefecture in southwestern Japan is quickly becoming a hotbed for tech investment from companies including TSMC and Fujifilm Holdings Corp (4901.T). The G7 summit runs from Friday to Sunday, and Kishida is set to meet with U.S. President Joe Biden later on Thursday.

☆ Chipmakers look to Japan as worries about China grow
▼ + stars: | 2023-05-18 | by ( ) edition.cnn.com time to read: +2 min

Japanese Prime Minister Fumio Kishida said he welcomed and expected more investment from global chipmakers, after meeting top executives on Thursday before a Group of Seven summit. Growing Taiwan and US tensions with China have brought serious challenges to the semiconductor industry. “I am very pleased with your positive attitude towards investment in Japan, and would like the government as a whole to work on further expanding direct investment in Japan and support the semiconductor industry,” Kishida said. Japan's Prime Minister Fumio Kishida meets executives of major global chipmakers ahead of a G7 summit. In particular, Kumamoto prefecture in southwestern Japan is quickly becoming a hotbed for tech investment from companies including TSMC and Fujifilm Holdings Corp (FUJIF).

☆ Japanese chipmaker Rapidus considers listing for capex needs -Kyodo
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

TOKYO, May 3 (Reuters) - Japanese microchip maker Rapidus estimates that it needs about 2 trillion yen ($14.71 billion) for technological development, for which it will seek mid to long-term assistance from the government, the company's chairman told the Kyodo news agency. The company also requires an additional 3 trillion yen to fund mass production and is considering listing to raise capital for that purpose, Rapidus chairman Tetsuro Higashi said in the interview published on Wednesday. Industry Minister Yasutoshi Nishimura said last week the government plans to give 260 billion yen in additional subsidy on top of a 70 billion yen funding. Rapidus is planning to build a cutting-edge two-nanometre chip factory in Japan's northern major island of Hokkaido. "Going public is a major means of forming the foundation of the company" as a way to raise 3 trillion yen, Higashi said in the interview.

☆ G7 should adopt 'risk-based' AI regulation, ministers say
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +3 min

But such regulation should also "preserve an open and enabling environment" for the development of AI technologies and be based on democratic values, G7 ministers said in a joint statement issued at the end of a two-day meeting in Japan. EU lawmakers on Thursday reached a preliminary agreement on a new draft of its upcoming AI Act, including copyright protection measures for generative AI, following a call for world leaders to convene a summit to control such technology. Vestager, EU's tech regulation chief, said the bloc "will have the political agreement this year" on the AI copyright legislation, such as labelling obligations for AI-generated images or music. Japan, this year's chair of G7, meanwhile, has taken an accommodative approach on AI developers, pledging support for public and industrial adoption of AI. Japan will host the G7 Summit in Hiroshima in late May, where Prime Minister Fumio Kishida will discuss AI rules with world leaders.

☆ This Supreme Court is slow to issue rulings — glacially slow
▼ + stars: | 2023-04-30 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +6 min

WASHINGTON, DC - APRIL 19: The Supreme Court of the United States, on Wednesday, April 19, 2023 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images)WASHINGTON — Back in 1923, the Supreme Court had issued 157 rulings by May 1 in a term that started the previous fall. Nevertheless, the slow pace at which rulings have been issued this term has started to attract scrutiny from court watchers. In both 2022 and 2021, the court had decided 25 cases by May 1, according to Feldman. Court experts differed on whether the crunch would have any impact on how the court actually decides cases.

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