Apple said to buy $200m in Japan Display plant assets

Apple said to buy $200m in Japan Display plant assets

TOKYO — Troubled panel maker Japan Display said Tuesday that it would raise $200 million by selling off equipment from a plant to a customer that a source says is seen as key client Apple. Japan Display, also known as JDI, has been in negotiations with Apple and...
Australia faces end of world’s longest boom with recession coming

Australia faces end of world’s longest boom with recession coming

SYDNEY — Australia is headed toward its first recession in 29 years as aggressive measures against the new coronavirus deal a heavy blow to economic activity and employment. Gross domestic product is seen shrinking in real terms for the January-March quarter,...
Shipping industry’s worst nightmare: A corona Christmas

Shipping industry’s worst nightmare: A corona Christmas

TOKYO — When Japan’s three largest maritime shippers combined their container-shipping operations in 2017 to establish Ocean Network Express, or ONE, then-Nippon Yusen President Tadaaki Naito said it was his wish for the new company to outperform and...
ANA invests in tech for virtual fishing trips and doctor visits

ANA invests in tech for virtual fishing trips and doctor visits

TOKYO — The parent of Japan’s All Nippon Airways has backed a startup launched by its own employees to further develop remotely controlled avatars that can be used in tourism, retail and health care. ANA Holdings and the two employees will invest a total...
Bullet-train home delivery ready for service

Bullet-train home delivery ready for service

TOKYO — Ever since Japan’s first high-speed rail link opened in 1964 between Tokyo and Osaka, the idea of using the shinkansen bullet trains for freight transport has been around. But obtaining land to set up a cargo terminal or creating a carriage...