The Japan Times

Cathay Pacific's profit soars 71% despite Iran war driving up fuel costs

Hong Kong carrier Cathay Pacific said Wednesday that net profit surged 71 percent in the first half of the year, as demand from passengers avoiding the Middle East offset a near doubling of fuel costs caused by the Iran war.

Taiwan probes 17 China-funded firms over high-tech talent poaching

Taiwanese investigators said Wednesday they have raided dozens of locations as part of a probe into 17 Chinese-funded companies suspected of trying to "illegally" poach Taiwan's high-tech talent to erode the island's competitive edge.

Factories shed workers in Bangladesh garment sector

Garment worker Mosammat Aklima found out in a text message that she had become one of thousands laid off in the latest wave of cuts to hit Bangladesh's once-booming export industry.

Tech back in fashion as Asian markets extend rebound

Asian equities climbed again Wednesday, tracking another record on Wall Street, as tech firms continued to enjoy a revival after a month-long rout, with confidence also boosted by the prospect of an imminent deal to reopen the Strait of Hormuz.

Trump admin to review 'closed' AI models before release: reports

The Trump administration on Tuesday met with tech leaders to finalize a security review process for advanced AI models before their release, though it will apply only to "closed" models, US media reported.

High bills, cheap panels drive a Philippine solar surge

Edwin Salas watched as the first of 20 solar panels was installed on the roof of his home, joining a Philippine solar energy boom sent into overdrive by the Middle East war.

SpaceX revenue jumps 92% in first earnings report, but shares slide

SpaceX's revenue jumped 92 percent in the second quarter, beating analyst expectations by around $1 billion in its first post-IPO earnings report, but shares tumbled as investors remained skeptical about the company's ability to deliver on lofty promises.

Paramount CEO says politics fueling Warner Bros. merger battle

Paramount CEO David Ellison said Tuesday that the legal battle over his proposed multibillion-dollar takeover of Warner Bros. Discovery was fueled by politics rather than concerns over market share.

SpaceX revenue jumps 92% in first earnings report

SpaceX's revenue jumped 92 percent in the second quarter, beating analyst expectations by around $1 billion in its first earnings report since going public in June, the company announced Tuesday.

US hopeful Hormuz strait deal will be done 'today or tomorrow'

The United States was hopeful that a deal to reopen the Strait of Hormuz would be done "today or tomorrow", a top official said Tuesday, sending oil prices tumbling on optimism for increased shipments in the vital waterway.

McDonald's reports slower US sales in 2nd quarter

McDonald's reported slower sales growth in the US market in the second quarter as executives blamed too many simultaneous promotional offers, including a World Cup campaign that disappointed.

Oil drops, stocks hit records on hopes of Hormuz opening

Oil prices fell sharply Tuesday after US Treasury Secretary Scott Bessent said a deal could be reached with Tehran by Wednesday on re-opening the Strait of Hormuz to shipping traffic.

Oil drops, stocks gain on hopes of Hormuz opening

Oil prices fell sharply Tuesday after US Treasury Secretary Scott Bessent said a deal could be reached with Tehran by Wednesday on re-opening the Strait of Hormuz to shipping traffic.

Oil turns lower, stocks gain on hopes of Hormuz opening

Oil prices fell on Tuesday, reversing earlier gains after US Treasury Secretary Scott Bessent said a deal could be reached with Tehran by Wednesday on re-opening the Strait of Hormuz to shipping traffic.

Oil edges higher, stocks gain as investors eye political risks

Global oil prices rose Tuesday, recovering some of the previous session's heavy losses as uncertainty surrounded the prospect of new talks to end the US-Iran war.

China draws up safety rules for autonomous vehicles

China has drawn up new safety rules for the growing number of autonomous vehicles on its roads, including a mandatory deactivation override, the government said Tuesday.

Man Utd sign reported record £20mn sponsorship deal for training kit

Manchester United announced a new training kit sponsorship deal with Betway on Tuesday, reportedly worth a record £20 million ($26 million) per year.

Cargo ship hit after Trump insists Iran talks could reopen Hormuz today

An unknown projectile hit a cargo ship in the Strait of Hormuz, a key point of tension in the US-Iran conflict, on Tuesday as President Donald Trump insisted the waterway could reopen within hours.

BP profit soars as Mideast war roils energy prices

British energy giant BP said Tuesday that its net profit more than doubled in the second quarter as the Middle East war roiled oil and gas markets.

Most stock markets gain, while oil prices edge up after plunge

Stocks mostly rose Tuesday after last week's tech-led rollercoaster ride as investors tracked a record day on Wall Street, while oil prices edged up after their recent plunge with Donald Trump and Iran giving conflicting views on peace talks.

Most stock markets gain, while oil prices edge up after latest plunge

Stocks mostly rose Tuesday after last week's tech-led rollercoaster ride as investors tracked a record day on Wall Street, while oil prices edged up after their recent plunge with Donald Trump and Iran giving conflicting views on peace talks.

Weak yen helps auto giant Toyota raise forecasts

Japanese car giant Toyota on Tuesday raised its profit forecasts as the weak yen helped it compensate for the Middle East war and Chinese competition.

TRON DAO Joins Blockchain Application Stanford Summit at the Science of Blockchain Conference as a Sponsor

TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), served as a Premier Support Sponsor of the Blockchain Application Stanford Summit (BASS), held July 30 at Stanford University as part of the Science of Blockchain Conference (SBC) 2026. Organized by Stanford Blockchain Builders, Stanford Blockchain, Stanford Blockchain Accelerator and Cryptography Blockchain Alumni of Stanford, the summit convened 600 attendees, including researchers, builders and industry leaders, for a day of programming exploring the latest advances in blockchain applications, AI and infrastructure.

Rockets, Starlink, AI: SpaceX faces its first Wall Street grilling

Less than two months after a record-breaking IPO, SpaceX is set to publish its first quarterly results after markets close on Tuesday, as the share price of Elon Musk's rocket ship and AI company has lost around half its value since peaking in June.

Japan sees 'urgent' need to boost military

Japan needs to boost its military with a "sense of urgency and crisis", its defence minister said Tuesday, as a new government assessment again highlighted growing risks from China, North Korea and Russia.

Stocks mixed as Seoul stabilises, oil prices rise with eyes on Mideast

Stocks stabilised in Asia on Tuesday after last week's tech-led rollercoaster ride as investors tracked a record day on Wall Street, while oil prices edged up after their recent plunge with Donald Trump and Iran giving conflicting views on peace talks.

Hong Kong China Rugby Sets New Standard for Connected Fan Experiences With Tixserve and Tradable Bits

The 50th Anniversary Cathay/HSBC Hong Kong Sevens United Mobile Ticketing, Fan Engagement and First-Party Data in a Single Digital Experience

Democratic-led US states sue in latest challenge to Trump's tariffs

Twenty-five US states, nearly all led by Democrats, sued Donald Trump's administration on Monday over wide-ranging tariffs, arguing that the president had exceeded his authority in imposing the new levies on dozens of countries.

Dow hits fresh record as oil prices tumble

Oil prices slumped and stocks mostly rose Monday after US President Donald Trump insisted negotiations with Iran were ongoing despite Tehran's denials.

Trump says Iran facing 'last chance before decapitation'

US President Donald Trump said Monday that negotiations with Iran were ongoing despite Tehran's denials and the Islamic Republic was facing a "last chance before decapitation."

Iran denies negotiating with US, drawing Trump backlash

Iran denied any negotiations were taking place with the United States on Monday, sparking an angry backlash from President Donald Trump, who said he would keep up pressure on Tehran until there was a "Deal, or Total surrender".

'Spider-Man' breaks record for domestic box office debut

"Spider-Man: Brand New Day" had the biggest debut weekend of all time at the domestic box office, updated figures for the United States and Canada showed Monday.

The Japan Times - Economy (English)

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