Japan’s ageing problem creates barriers for business growth
A Nikkei Research survey indicates 66% of firms experience labour shortages, nearly a third see worsening trends, and 4% notice improvements
Toyota unit Hino Motors settles U.S. emissions case for $1.6 billion
The agreement includes a $521.76 million criminal fine, $442.5 million in civil penalties to U.S. agencies, and $236.5 million to California
Chinese social media app RedNote attracts 700,000 U.S. “TikTok refugees”
Unlike other Chinese platforms, RedNote does not require users to have Chinese phone numbers and operates a single unified version of its app
New Microsoft AI tool supports businesses with routine tasks
Premium features like summaries and transcriptions of Teams calls and creating PowerPoint slides require a $30/month Microsoft 365 Copilot subscription
US consumer inflation rises to 2.9% in December
WASHINGTON: US consumer inflation rose for a third straight month in December as energy prices increased, according to government data published Wednesday,...
China blacklists four US firms over Taiwan arms sales
The decision aims to safeguard China’s national sovereignty, security, and development interests, says MOFCOM
EU digital chief promises robust enforcement of social media laws
Ongoing probes are still in a technical phase, involving exchanges with companies before decisions are made, says Henna Virkkunen
U.S. sanctions trap nearly 500,000 tons of Russian oil products on tankers
New restrictions disrupt shipments to India, Turkey, and other destinations
Nokia signs multi-year patent license deal with Samsung
Nokia clarifies that this agreement is separate from their existing 5G patent license deal with Samsung
Apple and Amazon defeat £494 million UK lawsuit
The lawsuit alleges that Apple and Amazon agreed in 2018 to block most resellers of Apple and Beats products, limiting competition
Oil prices rise as markets assess impact of Russian sanctions
Brent crude futures rise 16 cents to $80.08 a barrel, while U.S. West Texas Intermediate crude gains 26 cents to reach $77.76
Chip industry urges Biden to review rushed export rules
Industry says the regulations were made without proper consultation or public input, despite their significant long-term impacts
US deficit rises 39% year-on-year to $711 billion in Q1 FY2025
The October-December 2024 deficit exceeds prior levels, reflecting ongoing fiscal challenges for the incoming administration
Pfizer seeks $75.2 million from SAC insider trading settlement
The dispute arises from SAC’s $602 million SEC settlement over insider trades in Wyeth and Elan by convicted employee Mathew Martoma
Intel announces plans to make Intel Capital a standalone entity
Intel Capital manages over $5 billion in assets and focuses on investments in silicon, frontier technologies, devices, and cloud infrastructure