Nissan names head of China business as new CEO


Nissan has tapped the head of its China business, Makoto Uchida, as its new president and chief executive, to help lead a recovery from the leadership crisis and sinking profitability that followed the arrest of its former chairman, Carlos Ghosn, last year. Uchida is replacing Hiroto Saikawa, who resigned after… Read


Japan labor body to step up support for foreigners, freelancers


Japan's largest labor organization will step up support for foreign workers and freelancers who find it difficult to join existing labor unions or form new unions by themselves, a source close to the matter said Tuesday. The Japanese Trade Union Confederation, known as Rengo, will boost the support for nonregular… Read


Sony's PlayStation 5 launch set for late 2020

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Sony said Tuesday its next-generation PlayStation 5 console, with new immersive features giving players the tactile experience of virtual worlds, would launch for the 2020 holiday season. The Japanese electronics firm, which had teased its new console earlier this year, said a major new feature of the updated console would… Read


Japan's August household spending rises for 9th month, but wages fall


Japan's household spending rose for a ninth straight month in August, offering some relief for the export-dependent economy amid weak global demand and a protracted U.S.-China trade war. But separate data on Tuesday showed wages fell for an eighth consecutive month, pointing to further strains on consumers as the government… Read


Nissan board set for tense meeting over future leadership


The board of Nissan Motor Co will meet on Tuesday as a split has emerged over the scandal-hit automaker's next CEO, putting the head of the nominations committee at odds with an influential executive, people familiar with the matter said. Directors, which include those from top shareholder Renault SA, will… Read


Business economists foresee slowdown in U.S. growth


The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by a panel of 51 forecasters with the National Association for Business… Read


Harley struggles to fire up new generation of riders with electric bike debut


Harley-Davidson Inc is betting on electric motorcycles to attract the next generation of younger and more environmentally conscious riders to reverse declining U.S. sales. But as Harley ships its first "LiveWire" bikes - priced at $29,799 - to dealers, there is little evidence the 116-year-old brand is catching on with… Read


Airline bankruptcies surge, leaving rivals vying for planes


Airline bankruptcies have increased this year at the fastest ever rate, led by the collapse of India's Jet Airways, British travel group Thomas Cook and Avianca of Brazil, according to industry data. "2019 has seen the fastest growth in airline failure in history," said airline consulting firm IBA, which has… Read


Japan drug price reforms risk hurting investment: Bristol-Myers CEO


Japan’s “overly restrictive” drug pricing policies risk diverting foreign direct investment to China and other markets, the chief executive of Bristol-Myers Squibb said. The Japanese government made reforms in 2018 that change how its national health system pays for new and innovative drugs. But those changes are not science-based and… Read


U.S. airlines grapple with 'unfair tax' that adds to aircraft supply disruption


U.S. airlines are scrambling to digest a new 10% tariff on European-made Airbus planes that threaten additional havoc in a market already reeling from frozen deliveries of Boeing Co's 737 MAX. In a statement late on Thursday, Delta Air Lines called the proposed levy on aircraft from Europe that are… Read

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