Nissan & Honda Merger Scrapped: Shareholders Say ‘No’!
According to Reuters, Nissan & Honda called off a $58 Billion merger as the shareholders voted against the motion. The news agency further stated that Honda was planning to acquire Nissan and make it a subsidiary company, which was against the original plan of opening a joint venture. Moreover, reports
Fuji Media’s Management Charged With Sexual Misconduct
Recently, in Japan, another layer of sexual misconduct against women was unveiled when the Chairman & the head of the company’s TV unit was charged with sexual misconduct. On 27th January, Reuters reported that the Fuji Media Chairman, Shuji Kanoh, & the head of the TV unit, Koichi Minato, will
Top Performers May Get 50% Higher Bonus: Morgan Stanley!
On Jan 22, one of the biggest investment banks in the world, Morgan Stanley, announced that it would be paying 50% higher payouts to its top-performing investment bankers. This makes it a rare occasion for investment banks to make their bonus payouts public. Moreover, Bloomberg mentioned that the senior investment
Asian Automobile Industry Struggles Under Trump Regime
Shares of Japanese automakers and South Korean battery manufacturers fell on 21-01-2025 following U.S. President Donald Trump’s statement that he could soon impose a 25% tariff on Canada and Mexico, along with his decision to revoke the previous administration’s executive order on electric vehicles. However, Chinese manufacturers saw a different
7-Eleven Owner’s Foreign Takeover Sparks Alarm in Japan
In the recent turn of events, the economic minister of Japan flagged the potential foreign acquisition of its retail giant Seven & i. According to Reuters, the Japanese Economy Minister, Ryosei Akazawa, was the first senior official to comment on the $47 billion buyout offer by Canada’s Alimentation Couche-Tard. Moreover,
Japan’s High-Speed Fibre is Heading to the USA!
Recently, Tokyo announced that it will promote light-based telecommunications technology to U.S. tech giants. According to Nikkei Asia, the Ministry of Internal Affairs and Communication will extend its support to Japanese companies like Nippon Telegraph & Telephone and tech group Fujitsu, which are candidates for participation in opening a demonstration
Japan To Invest 50 Trillion Yen in Chip Manufacturing
Prime Minister of Japan, Shigeru Ishiba, announced a new plan to revive the nation’s chip manufacturing capabilities. According to CNBC, the proposal plans to invest 10 trillion Yen or $65 billion by the end of the fiscal year 2030 in Japan’s semiconductor and artificial intelligence industries. Moreover, according to the
Japan Unveils Massive $65B Strategy for Chip Development
Japanese Prime Minister Shigeru Ishiba announced a $65 billion initiative on Monday to strengthen Japan’s chip and artificial intelligence sectors through subsidies and various financial incentives. The program, set to deliver support totalling 10 trillion yen (approximately $65 billion) by the fiscal year 2030, reflects a global push by nations
Keppel’s Ambitious Move: Plans To Buy Tokyo Data Hub
On Tuesday, Singapore’s Keppel announced an agreement to acquire an AI-ready data centre facility in Tokyo under development by Japan’s largest property group, Mitsui Fudosan. This deal follows Keppel’s announcement less than two weeks ago of its intention to more than double its data centre assets under management from the
Yoon And Ishiba Strategic Meeting At ASEAN Summit
South Korean President and Japan’s Prime Minister Shigeru Ishiba are set to hold their first meeting on the sidelines of the ASEAN (Association of Southeast Asian Nations) conference. With this summit, both nations seek to deepen security and economic ties. This is the first meeting since Ishiba took office on
