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Corea del Sud
Slowing economy lures young Koreans to claw machines
In one corner of a bustling street in Seoul's Hongdae district popular with young people, 30-something office worker Lee
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USA
Trump pledges to speed up NAFTA renegotiation
US President Donald Trump said Thursday he will speed up renegotiation of the North America Free Trade Agreement, slammi
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Russia Giappone Iran
U.S. eases Russia FSB electronics exports sanctions, modifies Iran penalties
The Trump administration on Thursday revised recent U.S. sanctions that prevented American companies from exporting some electronic equipment to Russia. It also modified penalties on Iran, expanding a list of medical equipment that needs federal authorization to be sold to Iranian customers. The Treasury Department says U.S. companies can apply ...
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Giappone
Panasonic tells employees to limit overtime work to 80 hours or less monthly
Panasonic Corp. President Kazuhiro Tsuga has instructed his employees in Japan to limit their overtime work to 80 hours or less per month, sources said Thursday. The employees, totaling some 100,000, have also been instructed to leave work by 8 p.m., according to the sources. The instruction, issued Tuesday, is ...
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USA Giappone Yemen
NYC small businesses close over Trump travel ban as protesters take to Rome’s streets
Hundreds of ethnic Yemenis have shuttered their small businesses in New York City in protest of President Donald Trump’s travel ban on people from seven Muslim-majority countries. They include Manhattan deli owner Haron Zokari (ah-ROHN’ zoh-KAHR-ee’), who says his wife and baby are stuck in Yemen after almost completing a ...
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Giappone
Mitsubishi Aircraft chief to retire, be replaced by MHI exec amid MRJ delays
Mitsubishi Aircraft Corp. on Thursday announced a leadership change in a bid to speed up its regional jet development that has been delayed repeatedly. President Hiromichi Morimoto, 62, will retire on March 31 and be replaced by Hisakazu Mizutani, executive vice president of the parent company, Mitsubishi Heavy Industries Ltd. ...
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Giappone
New Dentsu chief vows to improve ad giant’s working conditions by 2018
Dentsu Inc. will carry out sweeping work environment reforms by 2018 after the overwork-induced suicide of an employee in 2015, the major Japanese advertising agency’s new president, Toshihiro Yamamoto, has said. “It is my mission to complete the reforms in two years,” Yamamoto said in his first interview since he ...
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USA Giappone
Trump’s Mexico trade threat puts more key goods in jeopardy than avocados, tequila
If the United States imposes a border tax on Mexican imports, it’s not just tequila, beer and avocados that would jump in price. Mexico is the world’s leading exporter of refrigerators and flat-screen TVs. Cars and trucks such as the Ram 1500 crew cab, Ford Fiesta and Chevrolet Trax fill ...
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Giappone
Weak yen helps Panasonic raise 2016 profit forecasts
Panasonic Corp. said Thursday it has raised its full-year group earnings forecasts for the current business year through March, citing a weaker-than-expected yen. The Japanese electronics maker is now expecting a group net profit of ¥130 billion ($1.1 billion) in fiscal 2016, compared with its earlier estimate of ¥120 billion. ...
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Giappone
Sony logs 84% quarterly profit plunge as movie losses trump video game surge
Japanese electronics and entertainment company Sony Corp. reported Thursday an 84 percent profit drop in October-December, as losses in its movie division offset healthy results in its video game business. Tokyo-based Sony, which makes the PlayStation 4 game machine and Bravia TVs, reported a fiscal third quarter profit of ¥19.6 ...