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Giappone Singapore Vietnam
Giant Singapore store a symbol of Uniqlo’s push into Southeast Asia
Casual clothing chain Uniqlo is taking its biggest chance in Southeast Asia. The unit of Fast Retailing Co. is opening a store on Singapore’s ritzy Orchard Road that will have 2,700 sq. meters of shopping space on three floors. The store will be Uniqlo’s largest in the region as the ...
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Giappone
Business investment rose 3.1% in first quarter
Capital spending by the nation’s companies increased 3.1 percent in the April to June period from a year earlier, the 13th straight quarterly rise, as a firming yen continued to hurt corporate profits, government data showed Thursday. Business investment by all nonfinancial sectors for purposes such as the building of ...
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Giappone
How new nuclear could lift renewables at a third of Hinkley cost
A former chief scientist for one of the world’s biggest consumer-goods companies says he can make nuclear power cheaper and safer and wants $30 million so that he can prove it. After working 25 years at Unilever PLC, Ian Scott came out of retirement in 2013 to found Moltex Energy ...
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Giappone
Tailored loans support restoration of Kyoto’s historic townhouses
For generations, artisans and merchants in Kyoto lived in thousands of traditional machiya townhouses that are steadily disappearing or falling into disrepair. To help restore the wooden-and-tile-roof structures, banks in Kyoto have tailored loans to help contribute to the preservation of architecture in a city that boasts a number of ...
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USA Giappone Cuba
Cuba welcomes first U.S. commercial flight in 55 years, braces for tourist flood
The first commercial flight between the United States and Cuba in more than a half century landed in the central city of Santa Clara on Wednesday morning, re-establishing regular air service severed at the height of the Cold War. Cheers broke out in the cabin of JetBlue Flight 387 as ...
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USA Giappone
Apple penalty spotlights corporate giants’ vast untaxed profits offshore, but U.S. can retaliate with 1934 law
The huge back-tax bill European authorities slapped on Apple has put a spotlight on $2.4 trillion in untaxed earnings parked offshore by U.S. companies, a tempting target for governments seeking to strengthen their finances. While Washington lays claim to rights to tax the money, critics say it represents profits transferred ...
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Nigeria
Nigeria in worst possible time, says finance minister…as NBS confirms economic recession
Olalekan Adetayo, Ifeanyi Onuba and Oyetunji Abioye The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday admitted that Nigeria was in its worst possible time with the Gross Domestic Product figures for the 2016 second quarter released by the National Bureau of Statistics showing the nation’s economy now in recession. ...
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Nigeria
Four medical sales reps on trial for N92m fraud
Ramon Oladimeji Four sales representatives with Global Healthcare Limited have been arraigned before a Federal High Court in Lagos for allegedly defrauding their employment to the tune of N92m. The accused – Badmus Oladimeji, Austin Odokara, Gbenga Babatunde and Ademola Olanisha – were arraigned by the police Special Fraud Unit ...
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Cina
Obama Heads to Asia Seeking Breakthrough on Trade and Climate Change
He is hoping to announce progress with China on the Paris climate accord and will state his case with other Asian countries on the Trans-Pacific Partnership.
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Cina
EU Business Lobby Warns of Protectionist Backlash if China Doesn't Open Market
A top European business lobby warned China on Thursday that it risked a protectionist backlash unless it opened its markets faster to foreign investment.