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Monthly allowances given by parents to students who entered private colleges in the Tokyo metropolitan area last spring dropped for the 16th straight year, a survey has showed. The average allowance per month for first-year students at school away from home fell by ¥1,000 from the previous year to ¥85,700, ...

A long-term shift to low interest rates in major economies will heighten challenges to global financial stability by stressing banks and other financial companies, according to an International Monetary Fund paper released Thursday. Part of the IMF’s twice-annual review of financial stability, the report follows moves by the U.S. Federal ...

From the fifth-floor office of his internet startup, Kazz Watabe can see the sea bass jump in the bay as he works on his fishing website to the sound of jazz and the waves washing on the beach below. It’s a scene that could be from any of the seaside ...

A federal judge in Detroit said on Thursday he plans to name former FBI director Robert Mueller to oversee nearly $1 billion in Takata Corp. restitution funds as part of a U.S. Justice Department settlement. In January, Takata agreed to plead guilty to criminal wrongdoing and to pay $1 billion ...

The Trump administration and the Japanese government are in discussions to ensure that the bankruptcy of Toshiba Corp’s U.S. unit, Westinghouse Electric Co., does not lead to U.S. technology secrets and infrastructure falling into Chinese hands, a U.S. official said on Thursday. Westinghouse filed for bankruptcy last month hit by ...

Global investments in renewable energy fell by almost a quarter in 2016 amid a drop in prices and lower spending in some markets, according to a U.N.-backed report published Thursday. Overall investments reached $241.6 billion last year, down from $312.2 billion in 2015, said the United Nations Environment Program. But ...

Facebook on Thursday ramped up its fight against “fake news” by adding tips on how to tell when shared stories are bogus. An initiative being launched in the U.S., France and a dozen other countries added an educational tool in an “awareness display” in news feeds at the leading online ...

Twitter filed suit Thursday against the U.S. government, asking a court to back its refusal to hand over the identities of users claiming to be dissenting federal employees. The lawsuit revealed that the Department of Homeland Security and U.S. Customs and Border Protection had sought the unmasking of the @ALT_USCIS ...

Denmark decided to turn down an offer last year from Chinese mining company General Nice Group to buy an abandoned naval base on Greenland due to security concerns, sources involved in the decision said. Danish politicians did not want to jeopardize their country’s relationship with the United States, Copenhagen’s main ...

Ready for a technological Loop “THE PRD WAS always the first mover in China,” explains William Fung of Li & Fung. Hong Kong’s success, he reckons, owes much to its tendency to ignore Beijing’s diktats. And Shenzhen’s special economic zone did well because it operated as a freewheeling hub. By embracing ...