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SoftBank doubles down on AI with $22.5 billion OpenAI investment approval

SoftBank doubles down on AI with $22.5 billion OpenAI investment approval

SoftBank has approved a second payment of approximately $22.5 billion to finalize its $30 billion investment in OpenAI, according to a report from tech news site The Information. Sources close to the ...

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Sanae Takaichi told Trump the Japan–U.S. alliance is her top priority in their first call since she took office

Sanae Takaichi told Trump the Japan–U.S. alliance is her top priority in their first call since she took office

Japan’s new Prime Minister Sanae Takaichi held her first official phone call with Trump on Saturday, soon after taking office last week. The call came while Trump was aboard Air Force One, traveling t...

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Malaysia negotiating to keep U.S. chip tariffs at zero ahead of potential trade deal

Malaysia negotiating to keep U.S. chip tariffs at zero ahead of potential trade deal

Malaysia is trying really hard to keep made for America chips free of tariffs in efforts to appease the Trump administration as it prepares to close a trade deal with them this Sunday, according to Bl...

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UK looks to robots to boost Its stalling economy

UK looks to robots to boost Its stalling economy

Businesses in the UK are being pushed toward automation as labor becomes more expensive and harder to find. The shift is already visible in small firms that once relied on large teams to handle basic ...

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North Korea launders $1.6B in crypto for weapons funding

North Korea launders $1.6B in crypto for weapons funding

The Multilateral Sanctions Monitoring Team (MSMT) reported that North Korea’s elite cyber unit laundered around $1.65 billion in cryptocurrency between January and September. The illicit funds were re...

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Japan’s stablecoin law set global standards for consumer protection but restricted innovation in DeFi

Japan’s stablecoin law set global standards for consumer protection but restricted innovation in DeFi

Japan has built one of the world’s most conservative stablecoin regimes. But after pioneering a comprehensive legal framework for yen-pegged stablecoins, its bank-dependent structure has been called o...

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1 min
South Korea and US can't find common ground on cash part of $350 billion investment deal

South Korea and US can't find common ground on cash part of $350 billion investment deal

South Korea and the United States are stuck in a deadlock over the cash side of a $350 billion investment deal, just days before Presidents Donald Trump and Lee Jae Myung meet on October 29 at the APE...

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Japan’s inflation ticks up for the first time in 5 months

Japan’s inflation ticks up for the first time in 5 months

Inflation in Japan picked up again for the first time since May, with new government figures showing a 2.9% rise in core consumer prices in September, which matched analyst forecasts and was higher th...

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Asia pulls back from peaks even as U.S.’s Dow holds firm at record high

Asia pulls back from peaks even as U.S.’s Dow holds firm at record high

Global markets struggled for direction on Wednesday after a chaotic 24 hours that saw Wall Street touch historic levels while Asia-Pacific equities stumbled. According to data from CNBC, U.S. stock fu...

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1 min
SoftBank plans $2B bond sale amid aggressive push into AI

SoftBank plans $2B bond sale amid aggressive push into AI

SoftBank Group Corp., the Japanese multinational conglomerate holding company, is on a fundraising spree to support its ambitious Artificial Intelligence (AI) initiatives, particularly its investment ...

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1 min
Japan’s new PM orders major stimulus package to fight inflation

Japan’s new PM orders major stimulus package to fight inflation

Japan’s newly elected Prime Minister Sanae Takaichi has instructed the development of a new package of economic measures to address the effects of inflation on families and businesses. Takaichi was el...

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1 min
Japan trims Russian LNG imports as geopolitical pressure mounts

Japan trims Russian LNG imports as geopolitical pressure mounts

Japan’s Trade Minister Yoji Muto said on Tuesday that the country has been “steadily reducing dependency on Russian energy in the wake of the Ukraine war,” but warned it can’t immediately stop imports...

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