Japan Financial News

tectonic plate that was thought to be lost for millions of years has been discovered in Borneo by geologists, bringing new insights into Earth’s ancient history. The plate, named Pontus, dates back 120 million years, according to a study led by Suzanna van de Lagemaat, a graduate geologist at Utrecht University, and her supervisor, Douwe van Hinsbergen. The discovery, based on geological data collected from the mountainous regions of Borneo, sheds light on the movements of tectonic plates that once formed part of the Earth’s crust. Van de Lagemaat said, «We thought we were dealing with relics of a lost plate that we already knew about. But our magnetic lab research on those rocks indicated that our finds were originally from much farther north, and had to be remnants of a different, previously unknown plate.»

Subscribe to enjoy similar stories. The carry trade is an intriguing concept—both easy and difficult to grasp at the same time. Easy because, in essence, it involves borrowing money where it’s cheap and deploying it where returns are higher.

Subscribe to enjoy similar stories. The recent death of a 26-year-old Ernst & Young (EY) employee has raised concerns about the toxic work culture in the corporate world. In an emotional note to the EY chairperson, the deceased’s mother highlighted how “the workload, new environment and long hours" took a toll on her daughter’s physical, emotional and mental health.

Subscribe to enjoy similar stories. At one time, it seemed as if the Quad grouping of India, Japan, Australia and the US, while focused on the cause of a free and open Indo-Pacific, was chiefly about containing China militarily, given Beijing’s thinly veiled ambition of establishing its influence over the region and possibly unsettling the US-led world order.

Quad unveiled major steps to expand maritime security cooperation in the Indo-Pacific and called for lasting peace in Ukraine with Prime Minister Narendra Modi asserting that the grouping is for a rules-based global order that respects the sovereignty and territorial integrity of nations. In the annual Quad summit hosted by outgoing US President Joe Biden at his home state of Delaware, the leaders, without directly naming China, expressed serious concern over the situation in the South China Sea and nearby waters and condemned the «dangerous» use of coast guard and maritime militia vessels in that region. Besides Modi and Biden, the fourth in-person summit on Saturday was attended by Japanese Prime Minister Fumio Kishida and his Australian counterpart Anthony Albanese.

Assassin’s Creed Shadows," will be released on November 15, 2024. Set in feudal Japan, the game will feature two protagonists and be available in various editions. It will launch across multiple gaming platforms.

India, were able to protect their key interests, think tank GTRI said on Sunday. The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the pillars except the trade. Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US, and Vietnam are members of the bloc.

Quad scholarships, worth USD 500,000, to students from the Indo-Pacific. This initiative will enable recipients to pursue a four-year undergraduate engineering programme at a Government of India-funded technical institution. Notably, Prime Minister Anthony Albanese of Australia, Prime Minister Narendra Modi, Prime Minister Kishida Fumio of Japan, and President Joe Biden of the United States--met for the fourth in-person Quad Leaders Summit, hosted by President Biden in Wilmington, Delaware. Wilmington is Biden's home town.

Biden was caught on a hot mic telling leaders of the Quad nations that China was testing them, thus reflecting upon the American seriousness of the emerging Chinese threat. Biden's remark came during the Quad Leaders' Summit on Saturday, which was attended by Prime Minister Narendra Modi, Australian Prime Minister Anthony Albanese and Japanese Prime Minister Fumio Kishida. «We believe Xi Jinping is looking to focus on domestic economic challenges and minimise the turbulence in China,» Biden told the leaders at the Summit. His opening remarks were caught on the hot mic as pool reporters were leaving the Summit venue. Biden was heard saying that Chinese President Xi Jinping is «looking to buy himself some diplomatic space, in my view, to aggressively pursue China's interest.»

Indo-Pacific region following a meeting of its leaders. The summit, hosted by US President Joe Biden in Wilmington, Delaware, included Indian Prime Minister Narendra Modi, Australian Prime Minister Anthony Albanese, and Japanese Prime Minister Fumio Kishida. The Wilmington Declaration, released after the fourth in-person Quad Summit, stated, «Four years since elevating the Quad to a leader-level format, the Quad is more strategically aligned than ever before and is a force for good that delivers real, positive, and enduring impact for the Indo-Pacific.» «We celebrate the fact that over just four years, Quad countries have built a vital and enduring regional grouping that will buttress the Indo-Pacific for decades to come,» the declaration said.

Fumio Kishida on the sidelines of the Quad Summit here and exchanged views to deepen bilateral cooperation further. Modi and Kishida met on Saturday in Wilmington, where they participated in the Quad Leaders' Summit, hosted by US President Joe Biden. Australian Prime Minister Anthony Albanese also attended the Summit. Modi and Kishida reviewed the India-Japan relationship and talked about ways to expand the bilateral relations. «PM @narendramodi met PM @kishida230 of Japan on the sidelines of Quad Summit in Delaware,» the official account of the Ministry of External Affairs said in a post on X.

medical equipment and facilities, and also offered technical cooperation. Addressing the Quad leaders' Cancer Moonshot event in Wilmington, Delaware, Kishida said that such «endeavours will continue going forward.» «Regarding our support for measures against cancers in the Indo-Pacific region, Japan has offered support such as the deployment of equipment and technical cooperation, or support through international organisations and initiatives,» the Japanese PM said in his remarks.

Quad countries on Saturday announced Maritime Initiative for Training in the Indo-Pacific" (MAITRI) to enable Indo-Pacific partners to maximize tools provided through Indo-Pacific Partnership for Maritime Domain Awareness (IPMDA) and other initiatives. The Quad countries said they are proud to announce an ambitious expansion of their partnership to deliver trusted technology solutions to the broader Indo-Pacific region. «Anchored by shared values, we seek to uphold the international order based on the rule of law. Together, we represent nearly two billion people and over one-third of global gross domestic product. We reaffirm our steadfast commitment to a free and open Indo-Pacific that is inclusive and resilient,» read the Wilmington Declaration Joint Statement released after the Quad Summit.

Indian educators will procure more than 1,000 AI-Powered EdTech innovations showcased at Didac India 2024 exhibition, according to a statement. The 14th edition of Didac India, an exhibition and conference focused on education and skilling resources, was organised by Messe Stuttgart India from September 18 to 20 at Yashobhoomi, New Delhi. The event witnessed the unveiling of a diverse array of futuristic solutions and resources with exhibitors from over 20 countries showcasing more than 5,000 Edtech products and innovations, the statement said. «Over 1000 cutting-edge AI products are going to be procured by Indian educators to transform India's education and skill sector,» it stated.

Asian markets rose Friday to build on the latest global rally after a jumbo US interest rate cut this week, while the yen reversed earlier gains after the Bank of Japan decided against another hike. Traders have been put in a bullish mood by the Federal Reserve's decision to go big on its first reduction since the start of the Covid pandemic — opting for 50 basis points instead of 25 — and pledging more would come.

Wilmington on Saturday morning (local time) for the Quad Summit in US President Joe Biden's hometown, Delaware. Biden is hosting the leaders of India, Australia, and Japan and will hold bilateral meetings with them. The gathering will be the first time that Joe Biden, as President, has ever asked a foreign leader to visit Wilmington, a reflection of his closeness with each dignitary: Indian Prime Minister Narendra Modi, Australian Prime Minister Anthony Albanese, and Japanese Prime Minister Fumio Kishida.

Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

import tariffs is unfair as many nations including the US protect their domestic industries by imposing high customs duties on certain products. The highest tariff levied by Japan is 457%, Korea is 887%, the US is 350% while India’s is 150%, it said, suggesting that the US should consider negotiating a free trade agreement with India if it is keen on zero tariff access. As per the GTRI report, the US imposes high duties on items like dairy products at 188%, fruits and vegetables at 132%, cereals and food preparations at 193%, oilseeds, fats and oils at 164%, beverages and tobacco are 150%, and minerals and metals at 187%.

Dara Shukoh, the favorite son and favored successor of the Mughal Emperor Shahjahan who built the Taj Mahal.It was the last text he wrote, published in 1655 circa, which led to his humiliation, defeat and eventual death. He was tortured and beheaded for blasphemy by his brother Aurangzeb, because of his “Confluence of two seas”, where he attempted to bring together Hinduism and Islam.

job posting is going viral due to one unusual requirement that has sparked discussions on social media. The company, based in Navi Mumbai, is looking for a Talent Acquisition Executive in its BPO division. While most of the listed qualifications appear standard for the industry, one particular line has caught the internet’s attention: «Personal life should be sorted with no baggage.» This last requirement, shared on Naukri.com, quickly made its way to a popular Reddit forum, where it was met with a wave of backlash and criticism. Many users found the implication of needing a «sorted» personal life invasive and reflective of the growing culture of work dominating personal time.

Nikkei share average rose on Friday and logged its best week since mid-August, but gains were capped as the yen strengthened after the Bank of Japan set the stage for future interest rate hikes The tech-heavy Nikkei ended the day up 1.53% at 37,723.91, with chip-sector stocks rallying in line with their U.S. peers. The index advanced 1.57% for the week.