Business

Plunging births push Japanese diaper maker to switch to adult market

30 Comments

Japan's plummeting birth rate has led a diaper manufacturer to stop making them for babies at home and instead ramp up production for adults, the company said. Oji Holdings will wrap up domestic output of infant diapers in September, after production dropped from a 2001 peak of around 700 million… Read

Business

Japan unveils plans for next-generation passenger plane project

22 Comments

Japan announced plans on Wednesday to develop a next-generation passenger jet over the next decade after the last struggling attempt, led by a private company, was scrapped a year ago. The new public-private project aims to use "new environmental technologies" such as hydrogen or hybrid electrics, a statement from the… Read

Business

Swiss chocolatiers bank on the Easter bunny as cocoa costs soar

6 Comments

Swiss chocolatiers have a battle on their hands as Easter rolls around, with surging cocoa prices sending their costs soaring and consumers cutting back as inflation hits their pockets. Cocoa briefly topped $10,000 per ton in New York on Tuesday -- a record high which is more than triple the… Read

Business

China wins WTO dispute with Australia over steel products

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China has won a nearly three-year-long dispute with Australia at the World Trade Organization over tariffs on steel products that began during a low point of bilateral relations between the countries, and Australia's trade minister said Wednesday his government accepted the ruling. Beijing took its complaint to the WTO in… Read

Business

Yen falls to 34-year low against dollar

50 Comments

The yen hit a 34-year low against the dollar on Wednesday, just over a week after the Bank of Japan announced a much-anticipated interest rate hike in a shift away from years of ultra-loose monetary policy. The unit weakened to 151.97 per dollar, its softest since 1990, before recovering to… Read

Business

Chinese EV makers challenging market leaders at auto show in Bangkok

27 Comments

Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota, Isuzu and Ford, as… Read

Business

Bird flu, weather and inflation combine to keep egg prices near historic highs

4 Comments

Egg prices are at near-historic highs in many parts of the world as the spring holidays approach, reflecting a market scrambled by disease, high demand and growing costs for farmers. It’s the second year in a row consumers have faced sticker shock ahead of Easter and Passover, both occasions in… Read

Business

The world of coffee being reordered by EU laws to stop cutting of forests

2 Comments

Le Van Tam is no stranger to how the vagaries of global trade can determine the fortunes of small coffee farmers like him. He first planted coffee in a patch of land outside Buon Ma Thuot city in Vietnam's Central Highland region in 1995. For years, his focus was on… Read

Business

Ousted WeWork co-founder bids to buy company: reports

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Ousted WeWork co-founder Adam Neumann recently bid more than $500 million to buy back the struggling office-sharing group, according to media reports. Neumann recently submitted the offer, but it was not clear how he would finance such a deal, the Wall Street Journal and CNBC reported, citing sources close to… Read

Business

Big brands could pivot easily if TikTok goes away; for many small businesses, it's another story

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If content creators and corporate executives made TikTok videos about the platform’s possible U.S. demise, disco diva Gloria Gaynor’s “I Will Survive” could supply the soundtrack. Sure, businesses that built strategies around TikTok and promote products there would prefer not to seek eyeballs on another app. Smaller firms and solo… Read

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