SoftBank Group has arranged a $40 billion bridge loan to support further investments in OpenAI, the creator of ChatGPT, and to cover general corporate expenses, the company announced on Friday. The loan, which matures in March 2027, was coordinated with major financial institutions including JPMorgan Chase, Goldman Sachs, Mizuho Bank, Sumitomo......
Elon Musk intends to reserve up to 30% of SpaceX's upcoming initial public offering for individual investors, at least triple the typical 5-10% share in standard IPOs. Reuters reported Thursday that this approach breaks from convention, with SpaceX CFO Bret Johnsen pitching the oversized retail allocation to Wall Street alongside selective......
China has called for a more comprehensive response from Japan following a security breach at its embassy in Tokyo, warning that expressions of regret alone are insufficient. The incident involved an unauthorized intrusion into the Chinese diplomatic compound, reportedly carried out by an armed individual linked to Japan’s military.......
Japan is preparing to temporarily relax restrictions on coal-fired power plants as it seeks to manage the impact of the ongoing global energy crisis linked to tensions in the Middle East. Government officials confirmed that the plan involves adjusting existing environmental rules that were originally designed to reduce greenhouse gas emissions.......
Australia and Germany committed Thursday to develop a shared space-based early-warning system. The pact targets growing orbital threats from Russia and China. The agreement marks a historic deepening of defense ties between these middle powers [thenewdaily.com.au]. Defense ministers Boris Pistorius of Germany and Richard Marles of Australia......
Researchers at Japan's Kyushu University have shown a way to generate more energy carriers from sunlight than photons absorbed. They achieved about 130% quantum yield, surpassing a longstanding physical limit in solar energy conversion. The findings, published March 25 in the Journal of the American Chemical Society, offer proof-of-concept......
US and Israeli military strikes on Iran since February 28 have thrown Asia's $19 billion used car export industry into disarray. Ships avoid the Middle East, stranding cargoes at sea and overwhelming ports from Sri Lanka to China. Dealers feel the impact acutely. Umar Ali Hyder Ali runs Yokohama-based Kobe Motor, which ships about 18,000......
IBM announced Thursday its quantum computer accurately simulated a real magnetic material's behavior. Results matched neutron scattering experiments from national labs. Researchers once deemed this beyond current quantum hardware. The breakthrough advances quantum computing as a practical tool for scientific discovery. The study targeted......
Japanese Prime Minister Sanae Takaichi met with International Energy Agency (IEA) Executive Director Fatih Birol on Wednesday to request an additional coordinated release of oil stockpiles. The move aims to safeguard Japan against potential disruptions from the ongoing Middle East conflict. Japan had already agreed to release a record amount......
Japanese automaker Toyota Motor Corporation has announced the recall of more than 144,000 vehicles in the United States due to a technical issue affecting rearview camera displays. The problem may prevent the image from appearing when the vehicle is in reverse, potentially increasing the risk of accidents. According to the National Highway......
China has urged Japan to take firm legal measures against a suspect involved in a break-in at the Chinese Embassy in Tokyo. The incident, which occurred earlier this week, has drawn attention to diplomatic security concerns. According to officials, the individual entered the embassy premises while carrying a knife before being detained and......
Government bond markets across Asia have come under heavy pressure as the conflict involving Iran drives oil prices higher and prompts a sharp withdrawal of foreign capital. Yields have climbed across major economies, reflecting rising inflation risks and shifting expectations for global monetary policy. In Japan, the yield on 10 year government......
Japanese authorities stepped up warnings on Monday as the yen weakened toward the key level of 160 against the US dollar, raising the likelihood of direct market intervention. Atsushi Mimura, Japan’s top currency official, said the government is prepared to act if exchange rate volatility continues, as the USD JPY pair traded near 159.60......
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