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Market News

Market News

Gov’t to aid companies to develop next generation of 5G

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  The Japanese government will provide financial support for domestic companies in developing the next generation of 5G wireless networks to enhance the country’s global competitiveness, sources close to the matter said Monday. The government aid, expected to be worth around 70 billion yen, will go to firms including electronics makers and telecommunications companies, the…

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Japanese startup creates ‘connected’ face mask for coronavirus new normal

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Japanese startup Donut Robotics’ CEO Taisuke Ono wears a c-mask as he demonstrates the connected face masks messaging function with his chief engineer, Takafumi Okabe, during a demonstration in Tokyo on Tuesday. | REUTERS As face coverings become the norm amid the coronavirus pandemic, Japanese startup Donut Robotics has developed an internet-connected “smart mask” that…

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Nissan execs face off with angry shareholders over red ink and Carlos Ghosn scandal

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Shareholders head to Nissan Motor Co.’s shareholders’ meeting at its headquarters in Yokohama on Monday. | KYODO Nissan Chief Executive Makoto Uchida told shareholders Monday he is giving up half his pay after the automaker sank into the red amid plunging sales and plant closures in Spain and Indonesia. Uchida apologized for the poor results…

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Many major firms continue to push teleworking

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A station passageway is crowded with commuters during rush hour in Tokyo on Tuesday. Photo: AP/Eugene Hoshiko Major companies such as Hitachi Ltd and NEC Corp said Tuesday they will continue to push work-from-home arrangements even though the state of emergency over the new coronavirus pandemic was called off the previous day. Hitachi said around…

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Nikkei climbs to 3-month high after Japan lifts virus emergency

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Tokyo stocks rose Tuesday, with the benchmark Nikkei index topping the 21,000 mark for the highest close in nearly three months, on hopes of reviving business activity a day after Japan lifted a nationwide state of emergency to combat the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 529.52 points, or 2.55 percent, from…

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ENERGY IEA says the coronavirus crisis has set in motion the largest drop of global energy investment in history

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An aerial view shows pumpjacks in the South Belridge Oil Field on April 24, 2020 near McKittrick, California. David McNew | Getty Images The International Energy Agency believes the coronavirus pandemic has paved the way for the largest decline of global energy investment in history, with spending set to plummet in every major sector this…

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Could the next normal emerge from Asia?

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It is now clear that COVID-19 has presented the global economy with an unprecedented challenge. In the United States and Europe, efforts to control the virus through lockdowns are likely to lead to the largest decline in economic activity since the Great Depression in the US and Europe.1 And while safeguarding human lives is imperative,…

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(Japan) Q&A: How do I receive ¥100,000 from the government?

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The following are questions and answers regarding the government’s plan to give 100,000 yen to everyone in Japan. Q: Why is the government doing this? A: Prime Minister Shinzo Abe has said the handout is meant to be a show of solidarity as the nation hunkers down for what could be a long fight against…

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Elon Musk is recruiting for Tesla: I ‘don’t care if you even graduated high school’

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Photographer: Natan Dvir/Bloomberg If you don’t have a college degree, it won’t hold you back from working for Tesla, Elon Musk tweeted on Sunday. Musk is using Twitter to recruit for Tesla’s artificial intelligence team. “Join AI at Tesla!” Musk tweeted Sunday. The artificial intelligence team “reports directly to me [and] we meet/email/text almost every…

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Why Uber’s Stock Rally Doesn’t Make Sense

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Uber CEO Dara Khosrowshahi. Photo by Bloomberg Uber proved countless doubters wrong by showing, when it reported its third-quarter results last fall, that its ride-hailing business can make money. And as investors await the fourth-quarter numbers scheduled to be released Feb. 6, they’ve sent the stock soaring. It’s as though they think the worst is…

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