Latest from Nikkei Asia
Nikkei Asia
an hour ago
- Business
- Nikkei Asia
Japanese court overturns Fukushima damages order against former TEPCO execs
A photo shows the courtroom at the Tokyo High Court on June 6. On the same day, the court overturned a ruling against former executives of Tokyo Electric Power Company Holdings in connection with the 2011 crisis at the Fukushima Daiichi nuclear plant. © Pool/Kyodo TOKYO (Kyodo) -- A Japanese high court on Friday overturned a ruling ordering former executives of Tokyo Electric Power Company Holdings to pay the utility damages for failing to prevent the 2011 crisis at the Fukushima Daiichi nuclear plant. The decision by the Tokyo High Court came after a district court ordered the former executives in July 2022 to pay around 13 trillion yen ($90 billion) in compensation. Both the defendants and shareholders seeking the damages had appealed the ruling.
Nikkei Asia
an hour ago
- Business
- Nikkei Asia
Flood-hit China expands social security net as extreme rain takes toll
Buildings and roads are half submerged in floodwaters after heavy rain in Rongjiang county, Guizhou province, China, on June 24. (China Daily via Reuters) BEIJING (Reuters) -- China has expanded the economic safeguards for segments of its population affected by flood control schemes in times of extreme rainfall, including pledges of direct compensation from the central government and payments for livestock losses. In China, diverting flood-waters to areas next to rivers is a major step in managing downstream flooding. As extreme rainfall grows in frequency, China is increasingly utilizing such areas, some of which have been unused until now and have been populated by farms, croplands and even residential buildings, stoking social tensions.
Nikkei Asia
3 hours ago
- Business
- Nikkei Asia
Historic hotel in Japan's Nikko renovates to tempt overseas guests
Established in 1873, Nikko Kanaya is the oldest resort hotel still running in Japan, but currently only around 10% of its guests come from abroad. (Photos by Yutaro Yokoyama) YUTARO YOKOYAMA UTSUNOMIYA, Japan -- A 150-year-old hotel in the historic Japanese town of Nikko is planning a makeover in a bid to lure more business from the waves of overseas tourists heading into the country. Established in 1873, Nikko Kanaya Hotel is the oldest resort hotel still running in Japan, but currently only around 10% of its guests are travelers from abroad.
Nikkei Asia
5 hours ago
- Business
- Nikkei Asia
Chinese brand catches tailwind with powerful, pricier handheld fans
Cool business: Jisulife's Ultra 2 handheld fan, left, and the Pro 1S, which features an LED display and offers up to 40 hours of battery life. (Jisulife) CK TAN TOKYO -- A Chinese manufacturer is finding success after turning cheap, toy-like portable fans into sleek gadgets priced several times more, in an example of how brands from the world's No. 2 economy are raising their game and establishing themselves globally. Capitalizing on China's lithium-battery dominance and e-commerce prowess, Shenzhen-based Jisulife offers its handheld fans in over 40 countries, with exports accounting for 80% of sales.
Nikkei Asia
6 hours ago
- Politics
- Nikkei Asia
Trump says he would consider bombing Iran again, drops sanctions relief
People walk in Tehran on June 24, shortly after a ceasefire with Israel. (West Asia News Agency via Reuters) WASHINGTON (Reuters) -- U.S. President Donald Trump sharply criticized Iran's Supreme Leader, Ali Khamanei, on Friday, dropped plans to lift sanctions on Iran and said he would consider bombing Iran again if Tehran is enriching uranium to worrisome levels. Trump reacted sternly to Khamanei's first remarks after a 12-day conflict with Israel that ended when the United States launched bombing raids last weekend against Iranian nuclear sites.
