NEW YORK/WASHINGTON — The U.S. no longer had a vital national interest in staying in Afghanistan and the withdrawal was necessary to shore up the country’s competitiveness to meet the challenges from China and Russia, President Joe Biden said in a speech Tuesday.
WASHINGTON/NEW YORK — The U.S. has completed the withdrawal of troops from Afghanistan, officially bringing to a close a nearly 20-year military operation that began shortly after the 9/11 attacks in 2001.
PALO ALTO, U.S. — Overseas investors scaled back venture capital deals in China in August as the country’s regulatory crackdown on the tech sector prompted many to rethink their approach. The latest figures from market research company PitchBook represent a sharp break from earlier in the year.
TOKYO/WASHINGTON — On Friday, former Toshiba memory unit Kioxia Holdings held an online board meeting connecting with executives in the U.S. The plan was to kick start a process toward an initial public offering and approve an application to the Tokyo Stock Exchange. That item was taken off the agenda.
BEIJING — China now has more than 1 billion internet users, a government agency said Friday, as the likes of Alibaba Group Holding draw in more of the world’s most populous country with services ranging from shopping to bill payment.
WASHINGTON/NEW YORK — At least 60 Afghan citizens and 12 U.S. military members were killed Thursday as suicide bombers detonated in two locations outside Kabul’s international airport. The Pentagon said that another 15 American service members were among the injured.
TOKYO — Japan’s Fuji Electric will invest an extra 40 billion yen ($365 million) to expand production of power semiconductors, which are used to manage power flows in air conditioners, electric autos and more.
LONDON — SoftBank Group’s Vision Fund has turned to a former chief of Israel’s legendary spy agency for investment in the country’s myriad cybersecurity startups run by military veterans. Yossi Cohen, who had retired as director of Mossad, joined the fund in July in an advisory role. The Vision Fund is counting on Cohen’s extensive…
TOKYO — Chinese President Xi Jinping’s renewed call for “common prosperity” has sent shudders through such luxury brand houses as Hermes and Louis Vuitton as they fear becoming a new target of Beijing regulators.
William Pesek is an award-winning Tokyo-based journalist and author of “Japanization: What the World Can Learn from Japan’s Lost Decades.” Few economies have pivoted from an inspiring success story to a cautionary tale faster than Vietnam.