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Business
Gasoline price falls to lowest in 4 years with new subsidy ahead of tax cut
The Japanese government said Wednesday that the national average retail price of regular gasoline has fallen to its lowest level in four years, reflecting the impact of an increased subsidy introduced the previous week as a measure to stabilize the market ahead of a planned gasoline tax cut. According to… Read
KFC prepares for finger-licking Japanese Christmas
KFC in Japan is gearing up for the Christmas tradition of millions of families thronging the U.S. fast-food chain for special festive buckets of deep-fried chicken and other treats. "Reservations for KFC Christmas typically begin around the beginning of November," Takuma Kawamura, a KFC marketing manager, told AFP at a… Read
Nissan eyes paying up to 5 years of salary to spur transfers to Kyushu subsidiary
Ailing Nissan Motor Co is considering paying the equivalent of four to five years of salary as compensation to employees at its Oppama plant in Kanagawa Prefecture, which is set to end vehicle output, if they agree to transfer to a subsidiary in southwestern Japan, sources close to the matter… Read
Airbus cuts delivery target over fuselage quality issue
Aircraft maker Airbus said Wednesday it had lowered its 2025 target for deliveries because of fuselage panel quality issues at its flagship model, the A320. Airbus said it now expects full-year 2025 commercial aircraft deliveries to total 790, down from an initial target of 820, a drop of 3.7 percent.… Read
Macy's posts surprise profit with overhaul under new CEO resonating with shoppers
Macy’s posted a surprise third-quarter profit and its strongest comparable sales in more than three years as an extensive overhaul of the 167-year-old New York department store begins to resonate with shoppers. Macy’s raised its financial guidance for the year, but its outlook for the crucial fourth quarter was more… Read
Italy's luxury brands shaken by sweatshop probes
A series of investigations into exploitative work conditions within fashion subcontractors has roiled Italy's luxury industry, with the government decrying attacks on "Made in Italy". Five fashion brands have been put under court administration since 2024 following probes by Milan prosecutors that uncovered worker abuses and a lack of oversight… Read
Asian shares mixed as steady bond yields, rebound for bitcoin push US stocks higher
Asian shares were mixed Wednesday after stocks on Wall Street held steadier as both bond yields and bitcoin stabilized. U.S. futures rose and oil prices edged higher. Tokyo's Nikkei 225 jumped 1.6% to 50,063.65 on big gains for technology shares like Tokyo Electron, which jumped 5.6%. Adventest, a maker of… Read
Prada buys Versace for $1.4 billion, in bid to relaunch sexier Milan rival
The Prada Group closed the purchase of Milan fashion rival Versace in a $1.375 billion cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu ’s youth-driven appeal. The highly anticipated deal is expected to relaunch… Read
Costco becomes biggest company yet to demand refund of Trump tariffs
Costco is joining other companies that aren't waiting to see whether the Supreme Court strikes down President Donald Trump's most sweeping import taxes. They're going to court to demand refunds on the tariffs they've paid. The U.S. Court of International Trade and the U.S. Court of Appeals for the Federal… Read
Japanese companies' pretax profits rise 19% in July-September
Pretax profits at Japanese companies in the July-September period rose 19.7 percent from a year earlier to 27.54 trillion yen, marking a fourth straight quarterly increase, driven by strong demand in the field of artificial intelligence, the Finance Ministry said Monday. Although pretax profits in the transportation equipment sector tumbled… Read
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