Magnitude 5.7 earthquake hits central Japan, injuring more than 20
A magnitude 5.7 earthquake struck western Shizuoka Prefecture in central Japan in the early hours of Sunday, injuring more than 20 people and damaging shops and buildings. The quake hit at 1:04am local time, with the epicentre at a depth of about 40 kilometres, according to the Japan Meteorological Agency. Authorities said the shaking was felt across a wide area, including parts of Aichi Prefecture and other central regions, while Tokyo was not affected.Local media and authorities said more than 20 people were injured in Aichi and Shizuoka prefectures. Television images showed shattered shop windows and glass scattered across streets,... [Continue Reading]
As an Amazon Associate we earn from qualifying purchases.
Global stocks plunge for a second day as AI slowdown fears spread
Asian and European markets fell sharply on Friday as a Wall Street tech rout spread across global trading, with investors reacting to fears that spending on artificial intelligence and data centres could slow after the Democrats' midterm victory. The FTSE 100 opened down 1.5%, while Germany's Dax, France's Cac 40 and Spain's Ibex also moved lower. The declines followed a severe sell-off in US technology shares on Thursday and extended the pressure into the next trading session.The Nasdaq had its worst day in 19 months, falling 5.5%, while chip and storage stocks led the losses. SanDisk dropped 22% and Western... [Continue Reading]
Tokyo and Asia-Pacific close mixed as Nikkei and Kospi slump, gold and Hang Seng rally
Executive summary: Asia-Pacific trading ended sharply mixed, with Japan and South Korea suffering heavy losses while Hong Kong, Australia and precious metals advanced. The Nikkei 225 fell -9.3% and the Kospi dropped -11.7%, while the Hang Seng gained +5.0% and gold rose +2.1% above $4,050. The move points to a broad risk reset across regional equities, with currency and commodity moves adding to the cross-asset volatility. [Continue Reading]
Russia places Japan Tobacco International's Russian operations under state control
Russian President Vladimir Putin has placed Japan Tobacco International's operations in Russia under state control, ordering their transfer by decree to a state-linked holding company. The move affects one of the country's largest cigarette producers and covers factories in St Petersburg, Rostov-on-Don, the Lipetsk region and the Leningrad region. It marks a significant seizure of foreign corporate assets in Russia at a time of continuing tensions with countries that have imposed sanctions over the war in Ukraine.The decree transfers the business to AO Promyshlennye aktivy, according to the supporting material. JTI employs around 4,000 people in Russia and holds roughly... [Continue Reading]
Advert for a company owned by the publisher of 360LiveNews.
North Korea fires missiles as it denies role in Binance crypto theft
South Korea said North Korea fired several missiles into the Sea of Japan on Wednesday, in a fresh weapons launch from the Sondok area on the country's eastern coast. The launch came hours after Pyongyang rejected allegations that it was behind the theft of more than $6bn in crypto assets from Binance. South Korea's Joint Chiefs of Staff said it had detected the missiles and that South Korean and US authorities were analysing the details.The missile launch was the fourth such weapons test by North Korea in a month, according to the South Korean military. It followed a statement from... [Continue Reading]
The Ghosn Paradox The Imperial Savior, His Cinematic Escape, and the Desperate Call to Salvage a Crumbling Nissan
The Man Who Defied Corporate Gravity Few corporate sagas in modern history possess the cinematic drama, geopolitical friction, and sheer psychological tension as the rise and fall of Carlos Ghosn. Once lauded as the ultimate transnational executive, a multi-lingual titan capable of bridging disparate business cultures, Ghosn became the absolute center of a global firestorm. His story cuts through the pristine facade of global corporate governance to reveal a messy underbelly of nationalism, legal vulnerability, and strategic failure. Rebuilding an Empire from the Ashes of Bankruptcy The mythos of Carlos Ghosn began in 1999. Nissan, one of Japan's proudest manufacturing... [Continue Reading]
