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Japan manufacturers log 1st profit decline in 2 years

May 11, 2025

Hong Kong set to regain top IPO spot under US-China tensions
HONG KONG — Hong Kong is poised to reclaim its crown as the top spot for initial public offerings, estimates show, potentially ending a five-year cold streak. China’s largest soy sauce maker, Foshan Haitian Flavouring and Food Company, rang the gong at the Hong Kong exchange on Thursday. The shares opened 3.3% above their offer…
2 men get life sentences in New Mexico shooting death of 11-year-old that prompted gun ban
ALBUQUERQUE, N.M. — Two men were sentenced Wednesday to lifelong terms in prison in the shooting death of an 11-year-old boy outside an Albuquerque baseball stadium in 2023 that prompted the New Mexico governor to issue a controversial gun ban, the district attorney’s office in Albuquerque said. Investigators say a truck carrying a mother and…
Guide to relocating your startup to Valencia
When founders dream of launching a startup under the Mediterranean sun, Barcelona and Madrid often come to mind first. But an increasing number of entrepreneurs are turning their gaze to Valencia — a city that’s building a vibrant, founder-friendly startup community. It’s not just about sunshine (though 300 days a year doesn’t hurt). It’s about…
War tech goes old school with Sweden’s first TNT factory since Cold War
A Swedish startup is taking defence tech back to basics — by building the country’s first TNT factory since the Cold War. Stockholm-based Swebal has secured a €3mn investment for the plant, slated to enter full operation in late 2027. Located in Nora, a town about three hours from the capital, the factory is expected…
Salt Lake City volunteer’s account of deadly shooting questioned after new video emerges
A new picture of the Salt Lake City protester arrested in a deadly “No Kings” shooting is emerging, and it is different from the one safety volunteers at the event provided to officials. Arturo Gamboa, 24, never fired his weapon, but he was arrested on suspicion of murder Saturday. He had not been formally charged…
AI as ‘socially vital’ as water and energy, say UK execs
Without water, the average human would die after about five days. Without energy, our society as we know it would collapse. But what about a world without AI? According to British business leaders, the consequences would be equally catastrophic. A new report by London-based software firm Endava, surveying 500 entrepreneurs, found that two-thirds of respondents…
Tulsi Gabbard sidelined in Trump administration discussions on Israel and Iran
WASHINGTON — National Intelligence Director Tulsi Gabbard, an outspoken critic of past U.S. milit interventions abroad, appears to have fallen out of favor with President Donald Trump as he weighs milit action against Iran, according to multiple senior administration officials with knowledge of the matter. Gabbard allies insist that, while there is some White House…
Nippon Steel’s CEO says U.S. Steel deal ensures management flexibility
TOKYO — Nippon Steel’s CEO said the acquisition of U.S. Steel ensures management flexibility and profitability as the two steelmakers begin the integration process some 18 months after the deal was first announced. “This agreement is the result of the alignment of our goal of expanding our business in the U.S. and the US government’s…