Japan to help Pacific island nations create payment processor
Finance Tokyo looks to check spread of yuan as small countries increasingly turn to China International remittances and tourism are critical parts of many Pacific island economies. © Reuters TOKYO — The Japanese Finance Ministry will help create a framework for handling international remittances in Pacific island nations and territories as major banks that process […]
Operation investigates billion-dollar bribery scheme at the Port of Rio de Janeiro
Disclosure/PFRJ The Federal Police (PF), the Federal Revenue Service (RFB) and the Federal Public Ministry (MPF) began Operation Mare Liberum, which investigates a bribery scheme in the Port of Rio de Janeiro this Tuesday (28). The loss is estimated at half a billion reais to public coffers due to the irregular release of […]
Japan’s Terra Drone backs 2nd Ukrainian peer with eye on defense exports
A member of Ukraine’s military prepares a rocket-type interceptor drone for launch. © Reuters NATSUKI KANEKO and YUIYA SHIBATA VIENNA/TOKYO — Japanese drone developer Terra Drone said Tuesday that it will make a strategic investment in an Ukrainian maker of fixed-wing drones, its second in a Ukrainian company.
Tokyo Electron’s close ties with TSMC at risk after chip tech leak
Semiconductors Incident may set back Japan tool maker in competition over top customer Taiwan Semiconductor Manufacturing Co. is a crucial customer for Tokyo Electron. (Source photos by Nikkei) HIDEAKI RYUGEN and RYOSUKE EGUCHI TOKYO — A Taiwanese court’s finding that a former employee of a Tokyo Electron unit leaked confidential data from Taiwan Semiconductor Manufacturing […]
Komatsu expects profits to tumble 16% on Iran war, US tariffs
Construction Japanese construction equipment maker assumes continued high oil prices for current fiscal year Komatsu is having a harder time raising prices on construction machinery as competitors are also holding prices steady. (Photo by Azusa Kawakami) TOKYO — Construction equipment maker Komatsu said Tuesday that it expects consolidated net profit for the current fiscal year to fall […]
Nickel prices stay high as Iran war adds to Indonesia output cut: S&P
Commodities Sulfur shortage and Jakarta’s pricing policy send battery feedstock value soaring A nickel processing plant operated by Vale Indonesia in Sorowako, South Sulawesi province. © Reuters ISMI DAMAYANTI and REZHA HADYAN JAKARTA — Nickel prices are expected to stay high throughout 2026 as Indonesia pushes its production cut plans and the Iran war disrupts […]
Asia’s airlines cut more flights as fuel prices soar
Transportation March passenger volume up 8.5% on Europe demand but uncertainty looms Planes sit on the tarmac at Kansai International Airport in Osaka. Some airlines have benefited from higher demand between Asia and Europe. (Photo by Hiromasa Matsuura) SINGAPORE — Rising fuel prices are prompting Asian airlines to cut more flights in the coming months, with a […]
Fanuc, Siemens tap manufacturing know-how in physical AI push
Robot maker Fanuc has partnered with U.S. chipmaker Nvidia to outfit its machines with AI. (Photo by Miki Hiasa) MIKI HIASA and EISAKU NITTA HANOVER, Germany — Manufacturers in Japan and Germany are stepping up the adoption of physical artificial intelligence, leveraging their real-world shop-floor data to boost production speed and precision.