TOKYO — Japanese department store operator Takashimaya will partner with SBI Securities to sell financial products starting this spring, Nikkei has learned. Takashimaya will register as a financial instruments service provider and sell SBI products. The department store operator hopes to tap into its wealthy — but aging — customer […]
Malaysia’s COPE Private Equity launches $41m program
SINGAPORE — Malaysia’s COPE Private Equity has launched an equity investment program to provide capital to domestic businesses hurting in the wake of the COVID-19 outbreak. The program, dubbed Bridge Over Troubled Water, or BOW, will provide 20 million to 40 million ringgit ($4.6 million to 9.2 million) to Malaysian […]
Asian hotels press ahead with expansions despite pandemic
SINGAPORE/TOKYO — As flagship hotels go, the 190-room Four Seasons Tokyo at Otemachi sparkles like any other in the luxury hotel chain’s collection. But instead of a cavalcade of guests swarming the five-star property on the scheduled July 1 opening day — three weeks ahead of the intended start of […]
Startup uses spatial intelligence tech to build ‘mirror worlds’
BEIJING — As more 5G mobile networks come online and artificial intelligence matures, a relatively new technology is emerging that enhances views of the real world by linking spatial elements, images and data. Called spatial intelligence technology, Chinese startup Deep Mirror is using it to create a “mirror world” — […]
Why opting out of your pension could cost your family dearly
Family finances have been squeezed as a result of the effects of the coronavirus outbreak but pensions must stay off limits for those looking to cut costs and save, experts have warned. Many businesses have been forced to reduce wages, leaving workers out of pocket this spring and for the […]
Nissin Cup Noodles demand soars as COVID-19 keeps people home
TOKYO — Nissin Foods Holdings’ Cup Noodles products are catching on as an emergency food, as people are told to stay home to slow the spread of the new coronavirus. Many of those who dig in to Cup Noodles during disasters are eating the instant noodles for the first time […]
OPEC and Russia approve biggest oil cut amid coronavirus pandemic
BAKU/DUBAI/LONDON (Reuters) — OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20%. Measures […]
Coronavirus latest: China’s new cases rise to nearly 6-week high
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 1,699,595, according to the World Health Organization. The worldwide death toll has hit 106,138. To see how the disease has spread, click this interactive virus […]
Coronavirus latest: Big oil states agree to largest ever cut
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 1,699,595, according to the World Health Organization. The worldwide death toll has hit 106,138. To see how the disease has spread, click this interactive virus […]
China’s top chipmaker says it can match Samsung on memory tech
TAIPEI — Yangtze Memory Technologies, China’s top memory chipmaker, has announced it is now able to build chips that match the most advanced offerings of international industry leaders, though it remains to be seen if this breakthrough will translate to successful mass production. On Monday, the Chinese national champion said […]