ANA will delay reception of aircraft to cut costs: president

TOKYO — All Nippon Airways will delay the delivery of aircraft as Japan’s largest airline makes moves to soften the financial blow from the coronavirus, President and CEO Shinya Katanozaka said in an interview with Nikkei.

The global outbreak has closed international borders and has essentially grounded the airline industry as whole. To ride out the turbulence, parent company ANA Holdings will engage in aggressive cost-cutting measures supplemented by relief funds, he said. 

“What is key is self-support,” Katanozaka said. “We’ll postpone receipt of aircraft and cut executive pay, among other measures. We pay most of the aircraft purchasing cost

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Olympic delay trips up Asics’ race against Nike

OSAKA — Asics had anticipated a banner year in the run-up to what would have been this summer’s Olympic Games in Tokyo, planning to release its first carbon-plated shoe in Japan on April 17 in a direct challenge to its chief competitor, Nike.

But like a torn Achilles tendon, the coronavirus outbreak put a halt to those plans — forcing the company’s stores to shut and the games to be postponed. Yet some investors are betting on a dramatic comeback by the time the Olympics are held in 2021.

The carbon-plated Metaracer is designed to put more spring in a

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International Olympic Committee stays silent on delay cost-sharing

TOKYO — Despite mounting concerns over additional costs that will be incurred in delaying the Tokyo 2020 Olympic Games and who will bear them, the International Olympic Committee failed to provide a clear response about cost-sharing in a news conference held on Thursday.

“The IOC is certainly facing some very significant costs which are related to the Olympic movement,” said John Coates, chair of the IOC’s coordination commission, during a virtual news conference after a meeting with the Tokyo 2020 organizing committee. It was the first joint briefing held by Lausanne and Tokyo since Prime Minister Shinzo Abe announced on

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Apple launches $399 budget iPhone after coronavirus delay

TAIPEI/PALO ALTO, U.S. — Apple has introduced its long-awaited budget iPhone model on Wednesday after the production schedule and expected release of the new device were delayed by about a month due to the deadly coronavirus outbreak.

The updated version of the iPhone SE comes in three colors — black, white and red — and will be available for pre-order beginning April 17, starting at $399.

Mass production of the device was supposed to start in late February but had to be pushed back to late March due to supply chain disruptions, multiple sources told the Nikkei Asian Review, adding

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