Business
Samsung strike looms after marathon wage talks collapse
Work Union anger over bonus gap with SK Hynix fuels fears walkout could hit chip output Labor union members at Samsung Electronics attend a rally in April protesting the company’s pay practices. © Reuters KIM JAEWON May 13, 2026 05:15 JST Updated on May 13, 2026 11:55 JST SEOUL — Samsung Electronics and its South […]
MPor creates Working Group to standardize concession rules for ports, airports and waterways
Photo: Sérgio Frances/MPor The Ministry of Ports and Airports (MPor) announced the creation of a Working Group (GT) to standardize the rules applicable to port, airport and waterway concession processes. The initiative aims to increase legal certainty, increase regulatory predictability and make infrastructure projects more attractive to investors. The GT must always consider […]
China ice cream chain Mixue takes page from Labubu with Snow King merch
Retail Huge store in Guangzhou part of effort to set itself apart from the competition Mixue opened this large store, with a second floor dedicated to Snow King merchandise, in Guangzhou in December. (Photo by Shizuka Tanabe) GUANGZHOU — Chinese beverage chain Mixue is building a merchandise business around its snowman mascot as it tries to stand out […]
Tokio Marine gets green light for talks to buy Malaysia’s RHB Insurance
Business deals Local authorities approve Japanese insurer’s efforts to pursue merger Tokio Marine collaborated previously with RHB Bank on life insurance sales. (Photo by Kosuke Imamura) TOKYO — Japanese insurance group Tokio Marine Holdings has received approval from Malaysia’s central bank to begin negotiations for acquiring RHB Insurance, a non-life insurance company under local financial major RHB […]
Australia takes aim at rising fuel prices with annual budget
Economy Key property tax changes could assist new home buyers Parliament House in Canberra. Treasurer Jim Chalmers says, “We’re delivering a fairer tax system for workers, first home buyers and future generations.” (Photo by Ken Kobayashi) CANBERRA — Australia will allocate additional funds to boosting its fuel and fertilizer supplies as part of a package worth 14.8 […]
Japan’s Nidec suspected of over 1,000 cases of quality tampering
Companies Fresh allegations follow acounting irregularities at the world’s largest motor maker Compliance issues at Kyoto-based motor maker Nidec include unauthorized design changes and falsification of inspection data (Photo by Kosaku Mimura). TOKYO/KYOTO, Japan — Japan’s Nidec is suspected of having engaged in quality tampering involving more than 1,000 cases, extending a series of compliance issues […]
Major Japanese petroleum company expects Hormuz crisis to subside in July
Iran was Idemitsu Kosan also seeks to secure oil supply from sources outside the Middle East Idemitsu Kosan is one of the few companies that has been able to slip a vessel through the Strait of Hormuz since the U.S. attacked Iran. (Nikkei montage/Source photos by Yuki Nakao and Idemitsu Tanker website) TOKYO — Idemitsu Kosan, one […]
Bessent says FX volatility “undesirable” after meeting Japan’s Takaichi
Markets US Treasury chief touches on JGB yields, BOJ policy; bilateral chat follows yen intervention Japanese Prime Minister Sanae Takaichi, right, and U.S. Treasury Secretary Scott Bessent pose for photos at the prime minister’s office in Tokyo on May 12. (Photo by Ken Suzuki) TOKYO — U.S. Treasury Secretary Scott Bessent said that both Washington and Tokyo […]
Private equity firm EQT to buy Japan restaurant review operator for $3.7bn
Business deals Bain and LY have also submitted a joint offer for Kakaku.com Sweden’s EQT is set to acquire the Japanese operator of the Tabelog restaurant review and booking site. (Source photos by screenshot from Tabelog’s website and Ryuta Minamihata) Nikkei staff writers May 12, 2026 16:03 JST Updated on May 12, 2026 18:27 JST TOKYO […]
