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TOKYO, Japan (AFP) — Workers at Japan’s crippled Fukushima Daiichi nuclear power plant have installed a device to remove nuclear fuel from a meltdown-hit reactor nearly seven years after the crisis was sparked by a tsunami, a spokesman said Monday. The plant’s operator, Tokyo Electric Power Co (TEPCO), said it started putting a crane on the roof of unit No. 3 on Sunday to extract a total of 566 rods from its fuel pool. It […]
NEW YORK, United States (AFP) — Scandal hit ride-sharing company Uber on Sunday said it entered into a deal to sell a stake to Japan’s SoftBank as the firm looks to turn a new page ahead of its planned IPO by 2019. The move was announced shortly after reports emerged that its former CEO Travis Kalanick and an influential investor had buried the hatchet in a long feud that paved the way for the acquisition. “We’ve […]
TOKYO, Japan (AFP) — Troubled Japanese conglomerate Toshiba said Thursday it logged a net loss of $436 million for the fiscal first half, as it moves to complete the multi-billion-dollar sale of its chip business to restore its balance sheet. The Tokyo-based firm said the loss was mainly due to the tax impact associated with the controversial deal to sell the chip unit to a consortium led by Bain Capital. The announcement came after the company said […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher Thursday as investors snapped up shares at bargain prices after the previous day’s fall, and as the market gained support from rallies on Wall Street. The benchmark Nikkei 225 index edged up 0.37 percent, or 84.08 points, to 22,997.90 in early trade while the broader Topix index was up 0.30 percent, or 5.47 points, at 1,823.07. Mitsubishi UFJ rose modestly at the open on reports it would […]
TOKYO, Japan (AFP) — Japanese car giant Toyota Tuesday logged a jump in its first-half net profits and revised up its bottom-line forecast for the whole year, citing a cheaper yen and cost-cutting efforts. Japan’s number-one carmaker said its net profit gained 13.2 percent to 1.07 trillion yen ($9.4 billion) for the six months to September on sales of 14.2 trillion yen, up 8.6 percent. The Prius maker now expects to bank a net profit of 1.95 trillion […]
TOKYO, Japan (AFP) — The time for “strategic patience” with North Korea is over, President Donald Trump said Monday, after winning Japan’s backing on his policy of considering all options to rein in the rogue state. Trump has signaled in the past that Washington could look beyond a diplomatic solution to the North’s nuclear weapons ambitions, and consider military intervention. The North’s nuclear programme is “a threat to the civilised world and international peace and […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday, as investors were encouraged by gains on Wall Street and brisk corporate results reported recently by Japanese companies. The benchmark Nikkei 225 index edged up 0.35 percent, or 77.97 points, to 22,617.09 in early trade while the broader Topix index was up 0.21 percent, or 3.68 points, at 1,797.76. Japanese shares are being boosted “by the expanding global economy and good earnings reports by companies […]
TOKYO, Japan (AFP) — President Donald Trump lashed out Monday at the US trade relationship with Japan, saying it was “not fair and open”, as he prepared for formal talks with his Japanese counterpart. “We want fair and open trade but right now our trade with Japan is not fair and open,” Trump told business leaders in Tokyo. “The US has suffered massive trade deficits with Japan for many, many years. So we will have […]
TOKYO, Japan (AFP) — Sexual harassment of women should “never be tolerated”, Ivanka Trump told an audience in Tokyo on Friday, calling for women to be treated with greater respect at work. The speech came as global headlines are dominated by sexual harassment claims against prominent men in entertainment and politics. The new round of claims has revived memories of her father Donald Trump’s boasts about groping women, which emerged during the US presidential campaign. […]
QUEZON CITY, Philippines (Eagle News) — An estimated half a million, or 500,000 new jobs will be created with the $6 billion investment deal from Japan, according to Trade Secretary Ramon Lopez. The trade chief after their successful visit in Japan said that there are 18 Japanese firms that will invest in the Philippines, which include investments in manufacturing, infrastructure, and information and communications technology. The investment deal was sealed during President Rodrigo Duterte’s recent […]
SEOUL, South Korea (AFP) – South Korean police will restrict public rallies near the country’s presidential palace during Donald Trump’s first visit as head of state, a report said Thursday, reducing his chances of being exposed to opposition. It is the first time that Seoul has imposed limits on public gatherings since President Moon Jae-In, a former human rights lawyer, took power in May, according to the Yonhap news agency. Organizers of around 50 protests — mostly […]
