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Business
U.S. Steel details plans to invest $11 billion by 2028 across all business segments
United States Steel on Tuesday detailed its billion-dollar multiyear growth plan with new owner Nippon Steel that includes modernizing the century-old steelmaker. The announcement comes just five months after Nippon Steel finalized a “ historic partnership ” with the Pittsburgh steelmaker in a deal worth nearly $15 billion. That deal included a… Read
Nintendo reports zooming sales and profit on its hit Switch 2 machine
Japanese video-game maker Nintendo’s net profit jumped 85% in April-September from the year before, as its sales more than doubled following the launch of its hit Switch 2 console in June, the company said Tuesday. Nintendo, based in Japan’s ancient capital of Kyoto, said its profit for the half-year totaled… Read
Pizza Hut's parent company says it's considering selling the chain
Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut’s parent company, said Tuesday it’s conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza market. Yum CEO Chris Turner said Pizza Hut has many strengths, including a global footprint… Read
Asian shares trade lower after AI darlings prop up Wall Street
Asian shares retreated Tuesday despite the big lift in overseas markets from optimism over AI technology, as traders sold shares to lock in recent profits. Japan's benchmark Nikkei 225 dipped 1.7% to 51,497.20 following a national holiday on Monday. Australia's S&P/ASX 200 shed 0.9% to 8,813.70. South Korea's Kospi dipped… Read
Starbucks cedes China control to Boyu Capital
Starbucks announced Monday it will sell a controlling stake in its Chinese retail operations to investment firm Boyu Capital in a deal valuing the business at around $4 billion. Under the agreement, Boyu will hold up to 60 percent of a new joint venture operating 8,000 Starbucks stores across China,… Read
Swiss central bank profits boosted by gold price surge
Switzerland's central bank has reported a profit of 12.6 billion Swiss francs ($15.7 billion) for the first nine months of 2025, boosted by soaring gold prices and rising stock markets. The Swiss National Bank's gold holdings were unchanged, but their value skyrocketed as investors rushed to buy the precious metal… Read
Japan auto mechanic job availability up on low birthrate
The ratio of job openings to job seekers for auto mechanics and technicians in Japan eclipsed 5.00 in fiscal 2024, far greater than the overall 1.14, as the country's birthrate continues to fall. The ratio rose by 0.10 point to 5.09 compared to the previous year, recent government data showed.… Read
High price of gold inspires new rush in California
Matt James has collected gold nuggets for years from the hills and riverbeds of California, but as the precious metal's price soars, he has found an unexpected El Dorado: on social media. Though the value has fluctuated, it has effectively doubled in the last two years, reaching an all-time high… Read
Honda halts production at Mexico plant over chip shortage
Honda Motor Co has halted operations at a vehicle production plant in Mexico after a shortage of automotive semiconductors stemming from tensions between the Netherlands and China over a Chinese chipmaker. It marks the first confirmed case of the dispute impacting a Japanese automaker. Honda has also begun adjusting production… Read
Apartment hotels in Japan attracting foreign tourists, investment
Apartment hotels equipped with in-room kitchens and home appliances are on the rise in Japan on the back of their popularity among foreign tourists seeking stays in home-like environments, creating new business opportunities for construction and real estate companies. Suitable for families and groups of close friends traveling on medium-… Read
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