Panasonic to Reduce Workforce by 10,000 Globally as Profits Fall, Demand Weakens
Panasonic also makes solar panels, delivery robots, facial recognition technology, fuel cells for homes and EV batteries for Tesla cars.
Japan
California Beats Japan as the Fourth Largest Economy
Governor Gavin Newsom touted new data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis showing California’s growth.
U.S. Tariffs Could Destroy Global Economic Order – Japanese PM Warns
Japanese Prime Minister Shigeru Ishiba stated that the US tariffs could disrupt the global economic order. They must become the subject of negotiations, Reuters reports.
Global Markets Take a Hit After Trump’s Latest Tariff Announcement
Global stock markets fell on Thursday as investors reacted to US President Donald Trump’s sweeping announcements on tariffs.
Intending to Ascend Mount Fuji? Japan Now Require a Test and a $27 Fee
Hikers attempting any of Mount Fuji’s four main trails will be charged an entry fee of 4,000 yen ($27) from this summer. A record influx of foreign tourists to Japan has sparked alarm about overcrowding on the nation’s highest mountain, a once-peaceful pilgrimage site.
Nissan and Honda are calling off their merger worth more than $50 billion
The two companies, along with their junior partner Mitsubishi Motors, agreed to “terminate” a memorandum of understanding to join forces, Nissan said in a statement on Thursday.
Japan hit with record breaking snowfall disrupting life in Japan’s Hokkaido.
Record-breaking snowfall fell on Japan’s northern main island of Hokkaido, disrupting traffic, causing airport closures and delaying deliveries.
China Is Building The World’s Largest Airport On Artificial Island
The country’s largest offshore airport is rising slowly from the sea level like the sunrise in the east.