TOKYO — Plans to boost Tokyo’s status as an international financial center moved forward Friday with a draft proposal from the ruling party, but attracting Hong Kong talent looking to leave the territory may prove to be a challenge. “It’s important for us to revive Tokyo as a finance center,” […]
fires
Tokyo fires up plans to scout Hong Kong talent for financial hub
TOKYO — Plans to boost Tokyo’s status as an international financial center moved forward Friday with a draft proposal from the ruling party, but attracting Hong Kong talent looking to leave the territory may prove to be a challenge. “It’s important for us to revive Tokyo as a finance center,” said Seiji Kihara, a member […]
SoftBank’s Arm fires China head but unit says otherwise
TOKYO/TAIPEI — SoftBank Group-owned U.K. chip designer Arm and its Chinese joint venture issued contradicting statements on Wednesday over the removal of the local unit’s CEO, a rare sign of tension at a key player in the semiconductor industry. Arm Limited initially said in a short statement on Tuesday that […]
Luckin Coffee fires top executives over fraud scandal
NEW YORK — Luckin Coffee has removed its CEO Jenny Qian Zhiya and chief operating officer Liu Jian from their posts, the company said Tuesday, following a flight of investors and company insiders over a high-profile accounting scandal. The termination of the two C-suite executives, along with their resignation from Luckin’s board, comes a little over […]
Bad beans: Luckin fires top executives over fraud scandal
NEW YORK — Luckin Coffee has removed its CEO Jenny Qian Zhiya and chief operating officer Liu Jian from their posts, the company said Tuesday, following a flight of investors and company insiders over a high-profile accounting scandal. The termination of the two C-suite executives, along with their resignation from Luckin’s board, comes a little over […]
China fires up coal power plant construction
China approved nearly 10 gigawatts of new coal-fired power generation projects in the first quarter, roughly equal to the amount approved for all of last year, amid a broader scramble to jump-start an economy hobbled by the COVID-19 epidemic. Investment in infrastructure like power generation has played an important part in […]
Japan fires up development-stage supercomputer for virus fight
TOKYO — Japan has dispatched its newest supercomputer to help combat the spread of the novel coronavirus even though it is not fully completed, moving up its scheduled launch from next year. Efforts to find treatments for COVID-19, the disease caused by the virus, are accelerating around the world. The anti-influenza drug […]