Business

Toshiba: Japan's troubled megacorp facing buyout drama

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Once a shining symbol of Japan's advanced technology and economic power, Toshiba has been rocked by turbulence in recent years, facing scandals and losses before staging a recovery. The industrial giant dates back to 1875 when its forerunner -- a telegraph factory -- operated in central Tokyo. It forged its… Read

Business

McDonald's to mandate anti-harassment training worldwide

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McDonald’s will mandate worker training to combat harassment, discrimination and violence in its restaurants worldwide starting next year, the company said Wednesday. The training requirement will impact 2 million workers at 39,000 stores worldwide. “It’s really important that we be very clear: a safe and respectful workplace where people feel… Read

Business

New Nissan GT-R NISMO unveiled in Japan

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Nissan Motor Corp on Wednesday unveiled the newest iteration of the Nissan GT-R NISMO, the company’s flagship GT-R representing continuous evolution toward ultimate driving pleasure. The Nissan GT-R NISMO, along with a special edition version, are planned to launch in Japan in October. Both models will be offered in the… Read

Business

Kobelco construction plant to lay off over 100 South Carolina workers

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Just over 100 employees at a construction company in South Carolina are facing layoffs. Kobelco Construction Machinery in Moore, plans to lay off 75% of its workforce — 102 of the plant's 131 employees — in Spartanburg County on May 1 when the company suspends production of all seven of… Read

Business

Toshiba CEO steps down amid acquisition talks

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The president and CEO of Toshiba Corp stepped down Wednesday, a week after the Japanese technology and manufacturing giant said it was studying an acquisition proposal from a global fund where he previously worked. Nobuaki Kurumatani tendered his resignation at a board meeting, and the board accepted, effective Wednesday, Tokyo-based… Read

Business

Suez Canal chief: Vessel impounded amid financial dispute with Japanese owner

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Egyptian authorities impounded a massive cargo vessel that blocked the Suez Canal last month amid a financial dispute with its owner, the canal chief and a judicial official said Tuesday. Lt. Gen. Osama Rabie said the hulking Ever Given would not be allowed to leave the country until a compensation… Read

Business

China's imports pick up further; exports strong in March

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China's imports and exports boomed again in March, data showed Tuesday, reaffirming the recovery in the world's number-two economy continues apace and demand picks up in key overseas markets as they emerge from last year's virus crisis. The readings highlight the impact of vaccines and the easing of containment measures… Read

Business

Asian ride-hailing giant Grab plans U.S. market splash

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The Asian ride-hailing firm Grab said Tuesday that it plans a U.S. listing in partnership with Altimeter Growth Corporation in an operation that values Grab at $39.6 billion (33.3 billion euros). The listing, planned "in the coming months" on the Nasdaq exchange, would be the biggest market launch to date… Read

Business

Tokyo Tatemono, HPL and Four Seasons to launch One Dojima Project, based on concept of 'Travel and Art'

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Tokyo Tatemono Co Ltd and Hotel Properties Limited have jointly launched the One Dojima Project. In addition, Four Seasons  Hotels and Resorts, one of the world’s leading luxury hotel brands will open a new hotel located on the upper floors, marking the first Four  Seasons in Osaka. The One Dojima… Read

Business

Swiss watch expo switches to Shanghai after virtual debut

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Geneva's international expo of fine watches switches to Shanghai on Wednesday for a physical version after staging an online edition to keep the prestigious fair going during the pandemic. The Salon International de la Haute Horlogerie, now restyled as Watches and Wonders, was cancelled last year due to the coronavirus… Read

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