IMF warns against rush to bring manufacturing home after pandemic

IMF warns against rush to bring manufacturing home after pandemic

TOKYO — International Monetary Fund representatives on Thursday warned countries and corporations against the impulse to bring manufacturing home in the aftermath of the coronavirus pandemic, but struck an optimistic note about the fate of the financial sector....
Philippine home services company GoodWork raises $1.6m

Philippine home services company GoodWork raises $1.6m

HANOI — Philippine home services e-commerce platform GoodWork has raised $1.6 million in seed funding, led by California-based venture capital fund Chaac Ventures, according to an announcement. The round also saw participation from investors Elysium Venture...
Virgin Australia’s home state weighs bailout for bankrupt airline

Virgin Australia’s home state weighs bailout for bankrupt airline

SYDNEY — Virgin Australia Holding’s home state is considering a capital infusion or a loan to assist the financially distressed airline as it seeks to protect a major employer responsible for thousands of jobs. Cameron Dick, treasurer for the Australian...
Every breath you take: Water and power tell if Tokyoites are home

Every breath you take: Water and power tell if Tokyoites are home

TOKYO — Tokyo’s power and water utilities will share real-time grid data as part of efforts to improve services and better inform their response during natural disasters. Making this possible is the adoption of smart meters, which eliminates the need to...