Month: February 2022

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — A Tokyo court will hand down a verdict Thursday in the criminal trial of Greg Kelly, an American and former executive at Japanese automaker Nissan. Kelly was charged with financial wrongdoing in under-reporting the compensation of Carlos Ghosn, his former boss and Nissan ex-chairman. The charges

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares have mostly gained as investors eye talks between Ukraine and Russia aimed at trying to end the war. The two sides only agreed to keep talking. Benchmarks were higher in afternoon trading in Tokyo, Sydney and Shanghai. Hong Kong fell and markets were closed

BEIJING (AP) — Two surveys show Chinese manufacturing grew weakly in February, hampered by supply disruptions, anti-virus controls and lackluster global demand. A purchasing managers’ index issued by a Chinese business magazine, Caixin, improved to 50.4 from January’s 49.1 on a 100-point scale on which numbers above 50 show activity increasing. A separate PMI issued

MANILA, Philippines (AP) — Traffic jams and outdoor crowds are back in the Philippine capital and 38 other cities and provinces. Officials allowed businesses and public transport, including shopping malls, movie houses and restaurants, to operate at full capacity as COVID-19 cases continued to drop with more vaccinations. Authorities placed metropolitan Manila and 38 other

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The harsh sanctions imposed on Russia and the resulting crash of the ruble have the Kremlin scrambling to keep the country’s economy running. For Russian President Vladimir Putin, that means finding workarounds to the economic blockade even as his forces continue to invade Ukraine. Former Treasury Department

By DAVID BAUDER AP Media Writer NEW YORK (AP) — Stephen Colbert gave a heartfelt sendoff to his show’s producer, Chris Licht, who was appointed Monday as the new chairman and CEO of CNN. Licht had worked in news before he started running the late-night comedy show in 2016. Colbert said that while he knew

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Production will resume Wednesday at all of Toyota’s 14 plants in Japan after they were idled for a day due to a cyberattack on a domestic supplier. Kojima Industries said it found a virus in its computer server and it was investigating. Toyota spokeswoman Shiori Hashimoto

By TED ANTHONY AP National Writer Russia has been abruptly cut off from the larger world on multiple fronts. Its ability to bank internationally has been curtailed. Its participation in major international sports is crumbling. Its vodka may no longer be welcome in multiple U.S. states. Even Switzerland, whose very name has become a synonym

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese technology giant Toshiba has named a new chief executive as it seeks shareholder approval for a restructuring plan aimed at restoring its reputation and competitiveness. The company said Taro Shimada, an executive officer and senior vice president, would replace Satoshi Tsunakawa as chief executive. Toshiba