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03.12.2024 12:57
Jaguar boss says it has shown ‘fearless creativity’ with new electric car Carmaker, which has faced backlash over rebrand, will reveal production-ready version of Type 00 in late 2025Jaguar unveils much-hyped electric car after online leakClaws are out as Jaguar heads down EV rebrand roadBusiness live – latest updatesJaguar’s design boss has said the car brand has shown “fearless creativity” as he unveiled a much-hyped electric vehicle that attracted an online backlash over its unusual marketing campaign.Gerry McGovern, who is in charge of design for Jaguar’s parent company, told a launch event on Monday in Miami: “Some may love it now, some may love it later and some may never love it. That’s what fearless creativity does.” Continue reading... ...

03.12.2024 13:15
Vietnamese tycoon faces scramble to raise billions to avoid death sentence Truong My Lan must repay three-quarters of $12bn she embezzled from bank in a case that shocked the countryThe Vietnamese property tycoon Truong My Lan has lost her appeal against the death penalty for masterminding a multibillion-dollar fraud scandal – though she could still save her life if she can repay most of the funds she embezzled.Lan, who founded the real-estate developer Van Thinh Phat, was sentenced to death in April for embezzling $12bn (£9.95bn) from Saigon Commercial Bank (SCB), in a case that shocked the country. Continue reading... ...

03.12.2024 15:51
Nomura president sorry for serious crimes committed by ex-employee The president of Nomura Securities Co. apologized Tuesday for crimes, including attempted murder, committed by a former employee, pledging to enhance compliance in the Japanese finance giant's wealth management operations to prevent a repeat of a similar incident. "This is something that should never have happened at a financial institution where customers place their trust in its services," company President Kentaro Okuda said at a press conference. "We will do everything necessary to regain customer trust." Read full story here

03.12.2024 17:22
Japan government mulls raising tax-free income threshold from Jan. 2026 The government and the ruling parties are considering applying a higher income tax exemption threshold from January 2026, in a move to incentivize part-timers to work longer hours amid Japan's labor shortage, a source close to the matter said Tuesday. The schedule is expected if the government decides on raising the threshold for imposing income tax, currently set at a minimum annual income of 1.03 million ($6,900), in its tax reform plan for the next fiscal year starting April. Related bills will be subsequently deliberated in the Diet for likely enactment around the spring. Read full story here

03.12.2024 18:08
Japan PM eyes endorsing scandal-hit LDP members in upper house race Japan's Prime Minister Shigeru Ishiba indicated Tuesday that his ruling party would endorse members implicated in a slush fund scandal for next year's House of Councillors election, provided they explain themselves in parliament. The scandal, involving some Liberal Democratic Party lawmakers failing to properly report income from fundraising parties, eroded public trust in politics, leading the ruling coalition to lose its majority in the House of Representatives in the Oct. 27 election. Read full story here

03.12.2024 19:59
Japan novelist Haruki Murakami to be given honorary doctorate by alma mater Famed Japanese novelist Haruki Murakami will be awarded an honorary doctorate by his alma mater Waseda University in recognition of his creative works, according to the prestigious academic institution in Tokyo. The 75-year-old, known internationally for his novels including "Norwegian Wood," will join the ranks of some 150 people from Japan and abroad who have been conferred the doctorate for their significant contributions to academia, culture, society or humanity. Read full story here