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Search Result for “Major Development”

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LIFE

Sony to exit Blu-ray disc recorder market amid rise of streaming services

Kyodo News, Published on 09/02/2026

» KYODO — Sony Corporation stated on Monday that it has decided to exit the Blu-ray disc recorder market as the widespread availability of streaming services has snuffed out demand, with final shipments of recorders to begin in February this year.

BUSINESS

Sony to spin off TV business into joint venture with Chinese maker TCL

Kyodo News, Published on 21/01/2026

» KYODO — Sony Corporation said Tuesday it will spin off its home entertainment business into a joint venture with major Chinese television maker TCL Electronics Holdings Limited as it seeks to boost its global competitiveness.

BUSINESS

Over 145 nations set to exempt US firms from global minimum tax deal

Kyodo News, Published on 06/01/2026

» WASHINGTON — US multinational companies will be excluded from a global minimum corporate tax rate set in 2021 under a deal agreed by more than 145 countries and regions, the US Treasury Department reported on Monday.

WORLD

China urges travel agencies to reduce Japan-bound visitors by 40%

Kyodo News, Published on 25/12/2025

» KYODO — China has urged domestic travel agencies to reduce the number of Japan-bound tourists by 40%, industry sources said Thursday, amid a Beijing-Tokyo row over Prime Minister Sanae Takaichi's remarks on a Taiwan contingency.

WORLD

Japan eyes capping foreign workers at 426,000

Kyodo News, Published on 23/12/2025

» KYODO — The Japanese government said Tuesday it is considering capping the number of foreign workers it accepts under its new training and employment system at around 426,000 in the first two years after the programme launch in fiscal 2027.

WORLD

Myanmar's complex civil conflict creating unlikely alliances among enemies

Kyodo News, Published on 09/12/2025

» YANGON — A 24-year-old fighter from Myanmar's pro-democracy People's Defence Force (PDF) says many of those who fight alongside him have switched sides at times in the long-running civil war, with a lack of financial compensation forcing them to temporarily side with a junta-aligned armed group.

WORLD

30 people injured by 7.5 quake in northeastern Japan

Kyodo News, Published on 09/12/2025

» TOKYO - A powerful quake with a magnitude of 7.5 struck northeastern Japan late Monday night, injuring 30 people and triggering tsunami waves as high as 70 centimetres that reached the Pacific coast, the Japanese government said.

WORLD

Hong Kong high-rise fire death toll rises to 55, about 200 unaccounted for

Kyodo News, Published on 27/11/2025

» HONG KONG — The death toll from a massive fire in a high-rise residential complex in Hong Kong has risen to 55, with about 70 people hospitalised and some 200 still unaccounted for more than a day later, local authorities said Thursday.

WORLD

US ambassador to Japan denounces China response over Takaichi remarks

Kyodo News, Published on 20/11/2025

» KYODO — United States Ambassador to Japan George Glass on Thursday denounced China's recent response to Japanese Prime Minister Sanae Takaichi's remarks on Taiwan, calling its statements "provocative" and economic measures "coercive."

WORLD

Piracy of Japan manga, literature causes $55bn loss a year

Kyodo News, Published on 08/11/2025

» KYODO — Lost revenue from illegal online viewing of Japanese manga and other publications worldwide was estimated at around ¥8.5 trillion (US$55.3 billion) annually, highlighting the extent of damage caused to rights holders by piracy websites, a recent study showed.