Japan Financial News

NEW DELHI, MUMBAI : The race to dominate the electric vehicle (EV) market has triggered a dash for talent, as automakers and others in the ecosystem seek out experienced professionals to develop capabilities in green mobility. Industry executives said that companies are trying to attract and retain professionals skilled in battery management systems, fuel cells and core engineering with pay hikes, retention bonuses and counter-offers. Leading Indian automakers are introducing new EV models, and startups are coming up with innovative electric mobility solutions, even as the government works to reduce carbon emissions.

Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! On Friday, the US stock market indices fell on rate hike fears. The S&P 500 slipped 9.94 points, or 0.2%, at 4,320.06. The Dow Jones Industrial Average fell 106.58 points, or 0.3%, at 33,963.84.

Dakini, the female energy that is 'sky-born', is part of Tibetan, Buddhist, Japanese, Mongolian, Nepalese and Chinese philosophy and mythology, referring to the same 'female embodiments of enlightened energy' that is all-pervasive and is sometimes portrayed as being fierce and wrathful. She is a symbol of liberation. In Vajrayana Buddhism, the Dakini as Prajnaparamita represents the emptiness in reality; she is Mandala in meditation; as Yogini, she teaches her disciples and protects the transmission of teachings.

NASA's (National Aeronautics and Space Administration) seven-year space probe's voyage came to a climactic end on Sunday when the US space agency's first asteroid samples fetched from deep space parachuted into the Utah desert. The capsule was carrying to Earth the largest asteroid samples ever collected. Notably, Japan, the only other country to bring back asteroid samples, gathered about a teaspoon in a pair of asteroid missions.

Khalistani terrorist Hardeep Singh Nijjar, a Canadian citizen. Nijjar, who was designated a terrorist in 2020 by India was killed outside a Gurudwara in British Columbia's Surrey in June this year.

Asian Games in China's Hangzhou. Japan won the tie by winning straight three games by 25-16, 25-18 and 25-17 to secure their spot in the semi-finals. Japan proved to be a much higher challenge for the Indians as they established their dominance with a 10-6 lead in the opening set. Japan who are ranked No. 1 in Asia showed their command and prowess by stretching their lead to 15-8.

Justin Trudeau's allegations of Indian involvement in the assassination of Sikh separatist leader Hardeep Singh Nijjar, Canada is contemplating a shift in its foreign policy approach, as reported by the Japan Times. Trudeau's accusation concerning Nijjar's assassination on Canadian soil has strained relations between Ottawa and New Delhi, with repercussions echoing in Canada's relations with other nations, particularly China. The arrests of businessman Michael Spavor and former diplomat Michael Kovrig by Beijing on espionage charges, in retaliation for the detainment of Huawei executive Meng Wangzhou in 2018 at the request of the United States, have added to the diplomatic tensions. China-Canada relations further soured due to allegations of Chinese electoral interference and threats against Canadian lawmaker Michael Chong, resulting in record-low favorability ratings for China in Canada. Discussing engagement between the two nations has become a sensitive issue. Canada's relations with Russia are also strained due to its staunch support for Ukraine in the ongoing conflict. Canada now finds itself in a precarious position, having alienated India, China, and Russia—three significant global players. Additionally, the looming possibility of Donald Trump's return to the U.S. presidency in 2024 poses another challenge, potentially misaligning Canada's goals with its most important economic, security, and political partner.

TOKYO—Japan’s government is on a mission to make buying stocks hot again. Many of America’s biggest investors are bullish on Japan. Warren Buffett shared that he increased his investments in Japanese companies during an April visit to the country.

Max Verstappen helped Red Bull clinch the Formula One constructors' championship and took a giant step towards his third straight drivers' title by winning the Japanese Grand Prix on Sunday. Runaway championship leader Verstappen finished ahead of McLaren pair Lando Norris and Oscar Piastri and can lift the title at next month's Qatar Grand Prix. Verstappen's win helped Red Bull clinch their second straight constructors' title even though teammate Sergio Perez retired from the race. «You have built a rocket ship of a car,» he told his team over the radio after crossing the line. Nearest challengers Mercedes were unable to stay in contention, with Lewis Hamilton finishing fifth and George Russell placing seventh.Ferrari's Charles Leclerc was fourth, while teammate Carlos Sainz was sixth. Verstappen was back to his breathtaking best after a disappointing fifth-place finish at last week's Singapore Grand Prix. He held off a double challenge from McLaren to take the lead ahead off Norris at the first turn. First the Dutchman veered right to squeeze out Piastri, who was starting from second on the grid, then moved left to stop Norris from darting through the gap. The safety car came out soon after, with Alfa Romeo's Valtteri Bottas and Zhou Guanyu taking damage at the start of the race. Perez got into trouble when he picked up a five-second penalty for a safety car infringement. The Mexican retired from the race a few laps later, telling his team «the car doesn't feel right». He later came back out, ensuring that he would not have to serve his time penalty at the next race. Russell and Hamilton tried to chase Leclerc but Sainz got himself in the mix by going past Russell late on. Bottas, Aston Martin's Lance Stroll and

Federal Reserve and Bank of England left interest rates unchanged this week, while both left the door open to additional increases should inflation prove persistent. Policymakers in the US made their decision unanimously, while those in the UK were split. Meantime, Bank of Japan Governor Kazuo Ueda tamped down speculation of a near-term interest rate hike after the central bank chose to stick with its ultra-easy stimulus. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:US Fed Chair Jerome Powell made clear Wednesday the central bank is close to done raising interest rates, but his colleagues delivered the message that resonated: Borrowing costs must remain higher for longer amid renewed strength in the economy.

cranksets separating, including, six reports of injuries like bone fractures, joint displacement, and lacerations, Japanese manufacturer Shimano has decided to recall bonded 11-Speed Hollowtech Road cranksets. According to the U.S. Consumer Product Safety Commission, the recall includes about 680,000 cranksets that were sold in the U.S. from January 2012 to August 2023, costing between $270 and $1,500.

HANGZHOU: From autonomous bug zappers to android pianists and driverless ice-cream trucks, machines rule the world — at least at China's Asian Games. The Games open Saturday after a one-year delay because of Covid with about 12,000 athletes and thousands of journalists, technical officials and spectators descending on Hangzhou. An automated mosquito trapper roams the vast Games Village, zapping the pests after luring them in by mimicking a human's body temperature and breathing.Robot ‘dogs’ that can run, jump and flip over patrol power-supply facilities.

gold closed with a weekly gain of 0.10% at $1,925 and was up 0.31% on Friday. The week ending September 22 was marked with crucial monetary policy decisions of three key central banks — Federal Reserve, Bank of England and Bank of Japan. The US Federal Reserve, in a widely expected move, skipped a rate hike at its FOMC monetary policy meeting concluded on September 20. However, the Federal Reserve's stance was hawkish as the Central Bank increased the projected rate for 2024 to 5.10% from 4.60%, which implies a rate cut of 50 bps as against the previous estimate of a 100 bps rate cut.

India and Japan to be made permanent members of the United Nations Security Council. During her address at the 78th session of the United Nations General Assembly on Friday, Wong stressed for greater permanent and non-permanent representation for Africa, Latin America, and Asia. «For UNSC's contribution to African Union-led operations. Our commitment to peace and security is why Australia seeks a seat in the Security Council for the year 2029-30.

Acclaimed Japanese contemporary artist Takashi Murakami says he may not release any more nonfungible tokens (NFTs) moving forward after first jumping into the market in late 2021.

U.S. Ambassador to Japan Rahm Emanuel has accused China of using “economic coercion” against Japan by banning imports of Japanese seafood in response to the release of treated wastewater from the damaged Fukushima nuclear plant into the ocean, while Ch...

S Jaishankar had an active and packed first day of bilateral and multilateral meetings with his global counterparts and exchanged views on strengthening bilateral ties and issues of common concern as he arrived here for the high-level UN General Assembly session.Jaishankar hit the ground running shortly after landing in New York early Friday morning, beginning his hectic schedule for the day with the Quad Foreign Ministers meeting with US Secretary of State Antony Blinken, Australian Foreign Minister Penny Wong and Japanese Foreign Minister Yoko Kamikawa. A joint readout of the Quad Foreign Ministers' Meeting issued after the meeting reaffirmed the group's «unwavering support for the United Nations, the enduring importance of upholding mutually determined rules, norms, and standards, and to deepen Quad cooperation in the international system». Jaishankar held bilateral discussions with Kamikawa, Japan's new top diplomat and exchanged perspectives on «our Special Strategic and Global Partnership. »Delighted to meet Foreign Minister of Japan Yoko Kamikawa at #UNGA78. Discussed our regional, multilateral and global cooperation and taking them forward," Jaishankar said on X. Jaishankar also met Wong for bilateral discussions.

Amazon Web Services (AWS) India Private Ltd has expanded its cloud service offerings to premier research organisation Centre for Cellular and Molecular Biology (CCMB) to help it accelerate research in genome sequencing. The announcement was made by AWS India at the Public Sector Symposium in New Delhi on Friday. This follows a series of similar partnerships in India’s public sector across healthcare, education, and space industries.

The venture capital industry appears to be gearing up for portfolio rebalancing in 2024, with investors positioning themselves to increase exposure to digital assets in the next bull market. Blockchain Capital, for instance, closed two new funds this week, with $580 million in capital to be deployed in crypto gaming and decentralized finance projects. 

Bank of England's decision to halt interest rate increases for the first time in almost two years. S&P Global's composite Purchasing Managers' Index slipped to 46.8 in September from 48.6 the month before, the sharpest decline in output since January 2021 when the UK was in lockdown. The reading was worse than economists expected and plunged the private sector deeper into contraction territory. The survey was cited in the BOE's decision to hold interest rates at 5.25% as evidence that Britain's already sputtering economy was weakening. The central bank had an early look at the indicator before its decision, which economist said may indicate that borrowing costs have peaked for now. The PMI adds to a growing list of indicators that point to a lackluster second half of the year for the economy. Retail sales data also out Friday showing a smaller-than-expected bounce back in August. That suggests retail may be a drag on gross domestic product figures for the third quarter unless September delivers a big bounce higher. S&P also said there had been an “abrupt turnaround” in the jobs market, with staff cuts the fastest since October 2009, excluding lockdowns during the pandemic.

Amazon Web Services (AWS) India Private Ltd has expanded its cloud service offerings to premier research organisation Centre for Cellular and Molecular Biology (CCMB) to help it accelerate research in genome sequencing. The announcement was made by AWS India at the Public Sector Symposium in New Delhi on Friday.