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☆ Asia-Pacific markets trade mixed as investors weigh China stimulus, oil gains
▼ + stars: | 2024-10-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: 1 min

The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesSINGAPORE — Asia-Pacific markets traded mixed on Friday following losses on Wall Street, with concerns over Middle East tensions keeping investors on edge in the run up to September's U.S. payrolls report. Hong Kong's Hang Seng index futures were at 22,091, lower than the HSI's last close of 22,113.51. Markets in mainland China will reopen on Oct. 8. Chinese stocks had been on a tear after authorities announced a slew of support measures last week.

Persons: Akio Kon, Australia's Organizations: Bloomberg, Getty Images, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images SINGAPORE, Asia, Pacific, China

☆ Japan airport closed by explosion of U.S. bomb likely dating to World War II
▼ + stars: | 2024-10-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

TOKYO — A regional airport in southwest Japan was closed on Wednesday after a U.S. bombshell, most likely dropped during World War II to stem “kamikaze” attacks, exploded near its runway, causing nearly 90 flight cancellations. Miyazaki Airport shut its runway after the explosion caused a crater 23 feet wide and nearly 3 feet deep in the middle of the taxiway next to the runway, according to a Japanese transport ministry official. No injuries were reported, but live cam footage showed an airplane had been taxiing nearby just two minutes before the explosion, according to local broadcaster MRT. Multiple unexploded bombs have previously been found at Miyazaki airport, the transport ministry official said. More than 79 years since the end of the war, unexploded bombs from the intense airstrikes are still found across Japan today.

Persons: Yoshimasa Hayashi Organizations: Miyazaki, Defense Force, JAL, ANA, Self - Defense Forces Locations: TOKYO, Japan, U.S, American, Miyazaki, Tokyo, Osaka, Fukuoka, Kyushu

☆ American WWII bomb explodes at Japanese airport, causing large crater in taxiway
▼ + stars: | 2024-10-02 | by ( Story Associated Press | ) edition.cnn.com time to read: +1 min

Tokyo AP —An unexploded American bomb from World War II that had been buried at a Japanese airport exploded Wednesday, causing a large crater in a taxiway and the cancellation of more than 80 flights but no injuries, Japanese officials said. Land and Transport Ministry officials said there were no aircraft nearby when the bomb exploded at Miyazaki Airport in southwestern Japan. Videos broadcast on Japanese television showed a crater in the taxiway reportedly about 7 meters (23 feet) in diameter and 1 meter (3 feet) deep. A number of unexploded bombs dropped by the US military during World War II have been unearthed in the area, Defense Ministry officials said. Hundreds of tons of unexploded bombs from the war remain buried around Japan and are sometimes dug up at construction sites.

Persons: Yoshimasa Hayashi Organizations: Tokyo AP, Transport Ministry, Miyazaki, Officials, Self - Defense Forces, Imperial Japanese Navy, Defense Locations: Tokyo, Japan, Miyazaki

☆ OpenAI is just one piece of the puzzle in SoftBank's grand vision for AI
▼ + stars: | 2024-10-02 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

It will also end the week with another reputation: a new piece in the grand puzzle being solved by Masayoshi Son. Related storiesMasayoshi Son's AI vision is ambitiousOpenAI CEO Sam Altman will form just one part of Masayoshi Son's AI plans. Andrew Caballero-Reynolds/AFP/Getty ImagesTo understand Son's grand AI ambitions, it's worth first zooming out to see how SoftBank currently maps out AI investment opportunities. As of June, Vision Fund 1's gains were $21.7 billion, while Vision Fund 2 losses totaled $22.9 billion. AdvertisementSo it's become clear that Son's focus has fallen on the other part of his AI investment stack.

Persons: —, Masayoshi Son, Sam, Sam Altman's, ChatGPT, Sam Altman, Andrew Caballero, Reynolds, SoftBank, it'll, Son's, it's, Son, Michael M, Graphcore, Nigel Toon, OpenAI's Altman, Lionel Barber, Barber Organizations: Service, Bloomberg, Getty, Business, Microsoft, Vision, Vision Fund, Nvidia, Nikkei, Wall Street, Financial Times Locations: Tokyo, AFP

OpenAI's $6.6 billion funding raise attracted some big names across the industry. The $6.6 billion round gave OpenAI a $157 billion post-money valuation and minted it into one of the most valuable startups in the world. MicrosoftMicrosoft invested a little under $1 billion into OpenAI's latest funding round, according to The Wall Street Journal report. FidelityFidelity also participated in OpenAI's latest funding round. AdvertisementAltimeter Capital ManagementAltimeter Capital Management also contributed to OpenAI's latest funding round, according to reports.

Persons: —, Sam Altman, OpenAI, Here's, Anderson Cooper, Josh Kushner, Instagram, Kushner, Altman, josh, SoftBank, Masayoshi Son, Son, Marco Bello, Wood, Morningstar, Bing, Jensen Huang, Sam Yeh, Elon Musk's, Brad Gerstner, Gerstner, Vinod Khosla, Vaughn Ridley, Khosla, MGX Organizations: Service, Allen & Company Sun Valley Conference, Getty, Capital, Business, VC, Wall Street, Reuters, Vision Fund, Venture, ARK Invest, ARK Venture Fund, SpaceX, Microsoft Microsoft, Wall, Rival Apple, Microsoft, Nvidia Nvidia, Nvidia, Tiger Global Management, Fidelity Fidelity, Elon, Elon Musk's xAI, Fidelity, Capital Management, . Khosla, Getty Khosla Ventures, Sun Microsystems, United Arab, Bloomberg Locations: OpenAI, Silicon Valley, OpenAI ., Tokyo, Saudi, ARK, AFP, IPOs, America, United Arab Emirates

☆ My 10-year-old twins have the most luxurious travel life ever. They're in for a rude awakening when they grow up.
▼ + stars: | 2024-10-02 | by ( Alesandra Dubin | ) www.businessinsider.com time to read: +4 min

I worry they're in for a rude awakening once they grow up and have less access to luxurious trips. I didn't know anything about luxury travel until even later when my career started to take the form of freelance travel writing. This happened to be around the time my twins were born — so, unlike their parents, they've known nothing but over-the-top luxury travel their whole lives. But luxury travel is all my kids have ever known. AdvertisementBut has their access to luxury travel from a young age skewed their expectations forever?

Persons: —, Alesandra Dubin, they've Organizations: Service Locations: Tokyo, Sol, San Lucas coast, Los Angeles, Canouan, Caribbean

☆ Japan’s new leader unveils cabinet ahead of snap election
▼ + stars: | 2024-10-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

TOKYO — Japan’s new Prime Minister Shigeru Ishiba on Tuesday unveiled his cabinet as he seeks to heal party divisions and secure a national mandate with an Oct. 27 snap election. The 67-year-old former defense minister, who last week won a close-fought contest to lead the governing Liberal Democratic Party (LDP), was confirmed earlier in the day as prime minister by parliament. In his victory speech on Friday, Ishiba spoke about the need to beef up Japan’s security after recent territorial incursions by Chinese and Russian military vessels. Five of the lawmakers who contested the leadership race with him have not been included in his government nor given key party jobs. But despite its troubles, the LDP, which has ruled Japan for most of the post-war era, remains likely to hold on to power in the upcoming election given Japan’s weak opposition.

Persons: Shigeru Ishiba, Katsunobu Kato, Yoshimasa Hayashi, Shinzo, Sanae, Takeshi Iwaya, Gen Nakatani, Yoji, Ishiba, Yoshihiko Noda, “, ” Noda Organizations: Liberal Democratic Party, Washington, NATO, Nikkei, Constitutional Democratic Party of Japan, NHK, LDP, Mainichi, Constitutional Locations: TOKYO, Tokyo, United States, China, Beijing, U.S, East Asia, North Korea, Russian, Japan

☆ How Japan’s Shinkansen bullet trains changed the world of rail travel
▼ + stars: | 2024-10-01 | by ( Ben Jones | ) edition.cnn.com time to read: +12 min

This was the dawn of Japan’s “bullet train” era, widely regarded as the defining symbol of the country’s astonishing recovery from the trauma of World War II. A map of Japan's high-speed rail lines. Japan’s high-speed rail revolutionFast train: Japan's distinctive Shinkansen "bullet trains" have been plying the country's high-speed railways since 1964. Toru Yamanaka/AFP/Getty Image TGV: France's answer to the Bullet Train, the Train à Grand Vitesse, began operating between Paris and Lyon in 1981. Mehdi Fedouach/AFP/Getty Images China's rail expansion: China has now eclipsed the rest of the world when it comes to high-speed rail.

Persons: Yoshikazu Tsuno, Jiji Press, Toru Yamanaka, Mehdi Fedouach, Wang He, ”, Christopher P, Hood Organizations: CNN, Olympic Games, Hitachi, Toshiba, Mount, Getty, Mount Fuji, Tokyo, Lions, Hulton, Keystone, Jiji, West Japan Railway, Ltd, Fuji, Vitesse, Lyon, JR EAST, Eurostar, JR EAST Japan, “ Locations: Tokyo, Osaka, Japan, Shin, Kobe, Kyoto, Hiroshima, Nagano, AFP, North America, Europe, Korea, Russia, Honshu, Kyushu, Hokkaido, Sanrio, Paris, China, France, Spain, Belgium, South Korea, United Kingdom, Morocco, France’s, Bordeaux, Italy, Germany, Netherlands, Taiwan, Turkey, Saudi Arabia, London, Brussels, Amsterdam, India, Thailand, Wuhan, Western Europe, Nagoya, British

☆ Japan's new Prime Minister Ishiba unveils cabinet ahead of snap election
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: +3 min

TOKYO, JAPAN - SEPTEMBER 06: Japanese former Defense Minister Shigeru Ishiba speaks during a press conference at the Foreign Correspondents' Club of Japan on September 06, 2024 in Tokyo, Japan. Ishiba and former Environment Minister Shinjiro Koizumi are the front runners in the race of the upcoming presidential election for the ruling Liberal Democratic party of Japan (LDP) according to recent polling. (Photo by Tomohiro Ohsumi/Getty Images)Japan's new Prime Minister Shigeru Ishiba on Tuesday unveiled his cabinet as he seeks to heal party divisions and secure a national mandate with an Oct. 27 snap election. The 67-year-old former defence minister, who last week won a close-fought contest to lead the ruling Liberal Democratic Party (LDP), was confirmed earlier in the day as prime minister by parliament. Yoji Muto, a former junior minister, will take charge at the economy, trade and industry ministry.

Persons: Shigeru Ishiba, Ishiba, Shinjiro Koizumi, Tomohiro Ohsumi, Katsunobu Kato, Yoshimasa Hayashi, Kato, Sanae, Takeshi Iwaya, Gen Nakatani, Yoji Organizations: Defense, Foreign, Club of Japan, Liberal Democratic, Liberal Democratic Party, Washington, NATO, Nikkei Locations: TOKYO, JAPAN, Tokyo, Japan, United States, China, Beijing, U.S, East Asia, North Korea, Russian

☆ 2 steps China still needs to take to avoid a 'quagmire' of deflation, Yale economist says
▼ + stars: | 2024-10-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

China is at risk of falling into a prolonged period of deflation, Yale economist Stephen Roach says. The country's monetary stimulus blitz was a move in the right direction, Roach said in an FT op-ed. The two missing pieces are fiscal support and structural reform, Roach wrote in a new op-ed for the Financial Times. AdvertisementAccording to Roach, China's projected GDP rate of 4% over the next five years virtually mirrors Tokyo's situation 30 years ago. China now needs to do the same with fiscal stimulus.

Persons: Stephen Roach, Roach, —, China's, Beijing's hesitancy, Paul Krugman, Krugman Organizations: Yale, Service, Financial Times, Communist Party's Locations: China, Beijing, Japan

☆ Japan's next prime minister is a career dissenter, but experts doubt he can govern as one
▼ + stars: | 2024-10-01 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Shigeru Ishiba, the man set to become the next leader of Japan, has made a career as a political outsider and opponent of party orthodoxy. However, some experts doubt that the former defense minister will manage to govern as such. The election ultimately came down to a runoff in which Ishiba defeated economic security minister Sanae Takaichi, who presented herself as the more Abenomics-aligned candidate. Japan's parliament is expected to formally vote Ishiba into the role Tuesday. He also reportedly suggested he would follow Prime Minister Fumio Kishida's approach of trying to pull Japan out of years of deflationary pressures.

Persons: Shigeru Ishiba, Shinzo Abe, Abe, Tobias Harris, Ishiba, Sanae Takaichi, he's, Sayuri Shirai, Takaichi, there's, Fumio, Shirai Organizations: Liberal Democratic Party, Bank of, LDP, Japan Foresight, Keio University Locations: Tokyo, Japan, Abenomics

☆ Japan’s incoming leader calls general election as he seeks to unify party
▼ + stars: | 2024-09-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

TOKYO — Japan’s incoming prime minister, Shigeru Ishiba, said Monday that he will call a general election for Oct. 27 following his victory in one of the closest-ever leadership races for the governing Liberal Democratic Party. Lawmakers there will meet on Tuesday to confirm Ishiba as the country’s next prime minister. Ishiba on Monday began picking government and party officials who will contest the upcoming general election with him. Ishiba, 67, won the LDP leadership race on his fifth attempt with strong backing from rank-and-file members. Before his runoff election against Takaichi on Friday, Ishiba apologized to LDP lawmakers for his “shortcomings.”

Persons: Shigeru Ishiba, Ishiba, ” Ishiba, Katsunobu Kato, Yoshimasa Hayashi, Takeshi Iwaya, Gen Nakatani, Yoji, Takaichi, ”, Hiroshi Shiratori, Shinjiro Koizumi, Yoshihide Suga, Koizumi Organizations: Liberal Democratic Party, U.S, Reuters, Media, Hosei University, Takaichi Locations: TOKYO, Tokyo

☆ I flew 33 hours to Vietnam but was denied entry because of a common travel mistake that I'll never make again
▼ + stars: | 2024-09-30 | by ( Jill Schildhouse | ) www.businessinsider.com time to read: +4 min

I travel often but my recent trip to Vietnam was the first time I had issues entering a country. I was denied entry because my visa didn't have my middle name on it, but my passport did. It turns out they didn't match: My middle name was on my passport but not on my visa. AdvertisementI'm glad I was able to continue on my trip — and I'll never travel again without money on hand for emergencies. Cash is still king in most places, and I'm lucky this mistake only cost me a few bills and few hours.

Persons: —, I've, I'd, I'm, Cash Organizations: Service Locations: Vietnam, Phoenix, Dallas, Tokyo, Ho Chi Minh City, Prasit, Japan

☆ Japan's Nikkei falls over 4%, Australia stocks hit fresh all-time high as investors await China data
▼ + stars: | 2024-09-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A cycler passes the entrance to the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo on May 2, 2024. Richard A. Brooks | Afp | Getty ImagesJapan's Nikkei 225 tumbled over 4% Monday, while Australia stocks hit a fresh high ahead of key economic data from China. Stock Chart Icon Stock chart iconSeparately, China will release its official purchasing managers' index numbers for September, with economists polled by Reuters expecting the manufacturing PMI to come in at 49.5, a softer contraction compared to August's 49.1. The Caixin PMI survey, which is a private survey compiled by S&P Global, will also be released Monday. Australia's S&P/ASX 200 climbed 0.62%, breaching its all-time high of 8,246.2.

Persons: Richard A, Brooks, Topix, Australia's, Korea's Kospi Organizations: Tokyo Stock Exchange, Afp, Getty, Reuters, PMI, P Global Locations: Nihonbashi, Tokyo, Australia, China, Japan

☆ Yen steadies, dollar slips as China reaches for stimulus
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +3 min

Japanese 10,000 yen banknotes and U.S. one-hundred dollar banknotes are arranged for a photograph in Tokyo, Japan. The yen slipped about 0.4% to 142.75 per dollar after jumping 1.8% on Friday. European inflation data on Tuesday and Chinese data due later on Monday are also keenly awaited. The New Zealand dollar was up 0.3% at $0.6360 after hitting its highest since December on Friday. "The trend over next year or so is for the dollar to go down," said Commonwealth Bank of Australia strategist Joe Capurso.

Persons: Shigeru Ishiba, Ishiba, Ray Attrill, Joe Capurso Organizations: Liberal Democratic Party, NHK, Bank of Japan, National, New, New Zealand, U.S, U.S . Federal, Commonwealth Bank of Australia Locations: Tokyo, Japan, National Australia, China, U.S .

☆ Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win
▼ + stars: | 2024-09-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Japan's August retail sales climbed 2.8% year on year, beating Reuters poll estimates of a 2.3% rise, and up from a revised 2.7% rise in July. Ishida had beaten Economic Security Minister Sanae Takaichi in the final round of the Liberal Democratic Party election on Friday, sending the yen into a volatile session. A higher interest rate typically strengthens the yen and puts pressure on Japanese stock markets, which are heavily weighted by exporters. Chinese rally puts pressureThe Nikkei's decline on Monday also comes at a time when China's markets have been surging. Stock Chart Icon Stock chart icon

Persons: Shigeru Ishiba, Ishida, Sanae Takaichi, Ryota Abe, Takaichi, Ishiba, Abe, Steven Glass, CNBC's Organizations: Economic, Liberal Democratic Party, Bank of Japan, Sumitomo Mitsui Banking Corporation, CNBC, Bank of, Pella Funds Management, CSI Locations: Tokyo, Japan, Pella, Hong

☆ How Prada is beating the odds and bucking the luxury slump
▼ + stars: | 2024-09-30 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

"I think the 'miracle' at Prada is Miu Miu," Luca Solca, a senior analyst at Bernstein, told Business Insider. Miu Miu is doing just that. "Miu Miu is resonating with consumers because of a savvy mix of product and communication marketing," Solca said. Miu Miu has embraced stars (Sydney Sweeney and Gigi Hadid were featured in recent campaigns), which has energized its following. AdvertisementIn short — pun intended — you can't get trendier than Miu Miu right now, and being trendy is good for business.

Persons: that's, Miu Miu, Luca Solca, Bernstein, Miu, —, Moncler, Stifel's Rogerio Fujimori, Edward Berthelot, Solca, Sydney Sweeney, Gigi Hadid, Lexie Liu, Zhao Jinmai, Wu Yanshu, Miu Miu's Mary Jane, It's, Prada, Prada hadn't, Jelena Sokolova, Morningstar, Burberry, Gucci, Andrea Guerra, Raf Simons, Muccia Prada, Goldman Sachs, Gen, Scarlett Johansson, Arqué, Sokolova, Alessandro Michele, Guerra, L'Oréal, " Guerra Organizations: Prada, HSBC, Little, Business, New York Times, LVMH, Gucci Locations: Prada, Asia, China, Tokyo, Taipei, Nanjing, LVMH, Hong Kong

☆ I flew 33 hours to Vietnam but was denied entry because of a common travel mistake I'll never make again
▼ + stars: | 2024-09-30 | by ( Jill Schildhouse | ) www.businessinsider.com time to read: +4 min

I travel often, but my recent trip to Vietnam was the first time I had issues entering a country. I was denied entry because my visa didn't have my middle name, but my passport did. It turns out the two documents didn't match: My middle name was on my passport but not my visa. Prasit Rodphan / ShutterstockVisa applications can be denied if your name doesn't match the one on your passport, and I'd missed this discrepancy. AdvertisementI'm glad I was able to continue on my trip, and I'll never travel again without money on hand for emergencies.

Persons: —, It'd, I've, couldn't, I'd, I'm, Cash Organizations: Service Locations: Vietnam, Phoenix, Dallas, Tokyo, Ho Chi Minh City, Prasit, Japan

☆ After 20 years in the finance industry I felt depressed and anxious — until I started microdosing. It helped me see how I was holding myself back.
▼ + stars: | 2024-09-30 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +7 min

Peggy Van de Plassche felt depressed and anxious until she started microdosing psilocybin three years ago. When I got a promotion, for example, I wouldn't feel excited, even though I'd been working toward it for a long time. You're taking three grams, and you're dancing! I bought some products from my massage therapist and I started microdosing based on the research I had done. AdvertisementIt ended up taking on a life of its own and today I have a microdosing business.

Persons: Peggy Van de Plassche, psychedelics, There's, —, I'd, COVID, Van de Plassche, Jeremie Dupont, It's, I've Organizations: U.S, Service, FDA Locations: Toronto, Tokyo

☆ Japan's incoming PM Ishiba calls election for Oct 27, seeks to unify party
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +3 min

Newly-elected leader and sitting chairperson of the Liberal Democratic Party (LDP) Shigeru Ishiba speaks during a press conference following his election in the party leadership elections on September 27, 2024 in Tokyo, Japan. Lawmakers there will meet tomorrow to confirm him as the country's next prime minister. Japan's incoming prime minister, Shigeru Ishiba, said on Monday he will call a general election for Oct. 27 following his victory in one of the closest ever leadership races for the ruling Liberal Democratic Party. Ishiba on Monday began picking government and party officials who will contest the upcoming general election with him. Ishiba, 67, won the LDP leadership race on his fifth attempt with strong backing from rank-and-file members.

Persons: Shigeru Ishiba, Ishiba, Katsunobu Kato, Yoshimasa Hayashi, Takeshi Iwaya, Gen Nakatani, Yoji, Takaichi, Hiroshi Shiratori, Shinjiro Koizumi, Yoshihide Suga, Koizumi Organizations: Liberal Democratic Party, U.S, Reuters, Media, Hosei University, Takaichi Locations: Tokyo, Japan

Outbound travel from China is set to receive a much-anticipated jolt as "Golden Week" bookings show changes in where and why Chinese people are traveling. While most Golden Week travelers are choosing mid-tier accommodations, growth for five-star hotels in Europe is almost three times higher in Europe than in Asia-Pacific, company data showed. Seeking quiet and concertsAs Chinese tourists continue to move beyond organized sightseeing tours abroad, more are seeking to celebrate Golden Week in off-the-beaten-path locations, especially in Asia and Europe, according to Trip.com's data. In Europe, bookings in Spain rose 260% to the city of Granada and 144% to Seville, according to Trip.com. Hong Kong is expected to welcome as many as 1.2 million mainland Chinese visitors during the coming Golden Week holiday, up 10% from last year, according to the city's Travel Industry Council.

Persons: Trip.com, Oscar Wong, Vietnam —, Ito, John Legend Organizations: National, Alibaba Group, United, United Arab, Goldman Sachs Equity Research, ASEAN, Golden, city's Travel Industry Locations: China, Asia, Pacific, Japan, Hong Kong, South Korea, Australia, Thailand, Malaysia, Singapore, Vietnam, Southeast Asia, United States, Chile, Croatia, Belgium, Hungary, Czech Republic, Finland, Norway, Netherlands, United Arab Emirates, Sri Lanka, New Zealand, United Kingdom, France, Spain, Europe, Trip.com, Cambodia, Laos, Myanmar, Tokyo, Kyoto, Yokohama, Phu, Granada, Seville, Golden, . Hong Kong

☆ Masayoshi Son is the $100 billion gambler who went from dirt track to tech titan — and he isn't done betting yet
▼ + stars: | 2024-09-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +14 min

SoftBank founder Masayoshi Son has spent his life putting bold bets on the future of technology. SoftBank, the media-technology conglomerate Son founded two decades prior, was riding high on the glory it attained in the dot-com boom. He was told he was special," Barber told BI. "He wants to be seen as the great modernizer transforming this petrostate into a truly modern economy where technology is at the forefront," Barber told BI. But as previous cycles in Son's life dictate, the flurry of enthusiasm is typically followed by failure.

Persons: Masayoshi Son, Lionel Barber, —, Son, Bill Gates, Masa —, Uber, Barber, Vladimir Putin, Barack Obama, — he's, Jack Ma's Alibaba, Wang, he's, Napoleon Bonaparte, Genghis Khan, Qin Shi Huang, Emperor of, Microsoft's Gates, Jordan Strauss, Mitsunori, SoftBank, Rupert Murdoch, Larry Ellison, Jack Welch, Steve Jobs, Masayoshi, Justin Sullivan, Rajeev Misra, Nikesh Arora, Phil McCarten, Abu Dhabi's Mubadala, Mohammed bin Salman, Saudi, Michael Moritz, Kim Jong, Adam Neumann, Donald Trump, Wirecard, Jesus, NurPhoto, He's, Allen Lane Organizations: Service, Financial Times, Kremlin, Yahoo, Popular Electronics, Vision, Deutsche Bank, Google, Reuters, Saudi Arabia's Public Investment Fund, Vision Fund, Valley's, Sequoia Capital, Greensill, Nvidia, Signal Publishers Locations: Tokyo's Roppongi, Japan, Masayoshi, Washington, Wayne, Emperor of China, Kyushu, United States, Riyadh, Berkeley, Las Vegas

☆ Japan is encouraging Americans to visit with free domestic flights. Here's how to book.
▼ + stars: | 2024-09-28 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

Japan Airlines is offering free domestic flights to tourists from the US and other select countries. Tourists must book round-trip international flights with Japan Airlines to qualify. Japan Airlines is offering free domestic flights to tourists from the US, Canada, Mexico, Thailand, Australia, and New Zealand, according to a recent announcement on its website. In order to claim the free tickets, passengers must book round-trip international flights with the same airline and the domestic flights must be booked in the same reservation as the international flights. A spokesperson for Japan Airlines told Business Insider that "no end date has been set" for the initiative.

Persons: —, Grace Cheng, Cheng Organizations: Japan Airlines, Service, Business, Harper's Bazaar Locations: Japan, Tokyo, Canada, Mexico, Thailand, Australia, New Zealand, Vietnam, Philippines Indonesia, India, China, Taiwan, New York, Sapporo, Hokkaido, Harper's Bazaar Singapore, Kanazawa, Inland

☆ China stocks see best week since 2008 on stimulus impact as most Asia markets rise
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.nbcnews.com time to read: +4 min

Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank. The last time the index saw a bigger weekly gain was the week ending Nov. 14, 2008. Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%, making it the index’s best week since February 1998, according to FactSet data. Tokyo’s headline inflation rate eased to 2.2%, down from August’s 2.6%. A slate of fresh U.S. economic data also supported the market’s gains, with weekly jobless claims falling more than expected, pointing to a steady labor market.

Persons: Hong, PBOC, Shigeru Ishiba, Sanae Takaichi, Korea’s Kospi, Australia’s, ’ Organizations: CSI, People’s Bank of China, Google, Shanghai Stock Exchange, Reuters, Japan’s Nikkei, of Japan, U.S ., Micron Technology, Nasdaq, Dow Jones Industrial Locations: China, Shanghai, Asia, Pacific, Tokyo, August’s, U.S

Ishiba, a straight-talking former defense minister, will take office on Tuesday when Prime Minister Fumio Kishida and his cabinet ministers resign and Ishiba is elected his successor by members of the LDP-controlled parliament. He is also contending with a complicated security environment in the Asia-Pacific region, where the U.S. has been strengthening ties with Japan and other allies in an effort to counter China’s growing power. After no candidate received a majority in the first round of voting, Ishiba won in a runoff against economic security minister Sanae Takaichi, 63, who would have been Japan’s first female prime minister. This was Ishiba’s fifth time running for party leader. In addition to being a realist, Ishiba is also an idealist who has never been tainted by scandal, Cucek said.

Persons: Shigeru Ishiba, Fumio Kishida, Ishiba, Hiro Komae, Kishida, Kishida “, ” Ishiba, Sanae Takaichi, Takaichi, ”, Michael Cucek, Cucek, ” Cucek, “, Lin Jian, Lin, Arata Yamamoto, Jennifer Jett Organizations: Liberal Democratic Party, LDP, Liberal Democratic Party’s, Getty, Temple University, NATO, U.S, Yasukuni, Foreign Ministry Locations: TOKYO, U.S, Ishiba, Asia, Pacific, Japan, North Korea, Tokyo, AFP, United States, Japanese, Tottori, South Korea, Philippines, Australia, China, Taiwan, Beijing, East Asia, Phuket, Thailand

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