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TradeBriefs Editorial

From the Editor's Desk

Marginal Nation: Bestselling Authors New Novel Warns of Grim Future for Japan

Born in 1957 in Iwate Prefecture. Completed graduate studies at Keio University. Published his first novel, an international conspiracy thriller, in 1996, while still working for a major US company. After it became a bestseller, he quit to become a full-time writer. His bestsellers include several series of suspense novels and numerous novels set in the world of business and finance.

INTERVIEWER  In many rural areas of Japan, people aged 65 and over make up more than half the population. As society ages and depopulation advances, whole communities have become unsustainable. The phenomenon is known as genkai shūraku, or “marginal villages,” in Japanese. But the title of your new book—Genkai kokka, the “Marginal Nation”—suggests that the crisis is not limited to rural regions. How do you see the future for Japan?

Continued here


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Russia-Ukraine war live: Zelenskiy looking at 'country's leadership' as he prepares shake-up of senior officials  
  

Russia-Ukraine war live: Zelenskiy looking at 'country's leadership' as he prepares shake-up of senior officials
US senators are racing to release a highly anticipated bill that pairs border enforcement policy with wartime aid for Ukraine, Israel and other US allies. The proposal is the best chance for president Joe Biden to resupply Ukraine with wartime aid. The Senate was expected this week to hold a key test vote on the legislation, but it has already run into a wall of opposition from conservatives.


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Ex-Mossad chief says Israel should stop criticising mediator Qatar
Yossi Cohen, the former head of the Israeli intelligence agency Mossad, has urged officials from the occupation state to refrain from publicly criticising Qatar. The Gulf state is currently mediating...






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This Virginia father with Long COVID has cardiovascular capacity of 94-year-old, study shows
"I was a huge cyclist, I built my career off of it," Bolecek said. "I mean, I love to be interactive with my kids too. We would ride bikes down to Belle Isle to the kid's mountain bike skills course all the time."


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Iran used Lloyds and Santander accounts to evade sanctions - FT (No paywall)  
  

Iran used Lloyds and Santander accounts to evade sanctions
Tehran-backed Petrochemical Commercial Company operated from office near Buckingham Palace




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Trump’s lead over Biden may be smaller than it looks - The Economist (No paywall)  
  

Trump’s lead over Biden may be smaller than it looks
Consider only the highest-quality polls, and the Republican’s advantage melts away


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A mounting crisis of confidence confronts Olaf Scholz - The Economist (No paywall)  
  

A mounting crisis of confidence confronts Olaf Scholz
Germans are grouchy, the hard right is rampant and the economy sluggish




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Could AMD break Nvidia’s chokehold on chips? - The Economist (No paywall)  
  

Could AMD break Nvidia’s chokehold on chips?
Taking on the top AI chipmaker will be hard—but maybe not impossible


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Gangsters in El Salvador are terrified of strongman Nayib Bukele - The Economist (No paywall)  
  

Gangsters in El Salvador are terrified of strongman Nayib Bukele
He protects citizens from crime. But who will protect them from him?




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Northern Ethiopia is again sliding into starvation - The Economist (No paywall)  
  

Northern Ethiopia is again sliding into starvation
A region ravaged by war is now hit by drought


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Frustrated by the constraints of Earth, a team of California scientists took tumor research to space—and may have discovered a ‘kill switch' for cancer - Fortune Well (No paywall)  
  

Frustrated by the constraints of Earth, a team of California scientists took tumor research to space—and may have discovered a ‘kill switch' for cancer
In space, the weak pull of gravity, also known as microgravity, places cells under incredible stress, causing them to age more rapidly. This phenomenon allows scientists to witness the progression of cancer growth—and the effect of cancer treatments—much more rapidly than they could on Earth.


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Meet a 23-year-old who’s making nearly $1 million online, teaching followers how to ‘manifest’ money out of sheer will - Fortune (No paywall)  
  

Meet a 23-year-old who’s making nearly $1 million online, teaching followers how to ‘manifest’ money out of sheer will
Scrolling on TikTok while sitting in the shadow of her purple LED wall lights, Sarah Perl accidentally stumbled into what would soon become her business. Then a sophomore in college, Perl found herself connecting with the videos of tarot card readings on her for-you-page. At the same time, she felt a strange calling to be on the other side of the screen. 




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Toyota is crushing it with hybrid vehicles as Tesla's rough start to year hits net worth of Elon Musk, who dismissed them as a 'phase' - Fortune (No paywall)  
  

Toyota is crushing it with hybrid vehicles as Tesla's rough start to year hits net worth of Elon Musk, who dismissed them as a 'phase'
Elon Musk’s Tesla is off to a difficult start in 2024, and it’s probably no surprise to Akio Toyoda. The Toyota chairman has long been skeptical of electric vehicles hype, steering his company to focus more on hybrids. That’s turned out to be a smart strategy.    


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The CEO and AI: What’s ahead in 2024 - Fortune (No paywall)  
  

The CEO and AI: What’s ahead in 2024
Nine out of 10 executives say that artificial intelligence and generative AI will be a top-three tech priority for this year, and 85% of top leaders say they intend to boost their spending on the technology in 2024.




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The thinking barbarians: how private equity has evolved - FT (No paywall)  
  

The industry cannot always be caricatured as short-termist, debt-addicted asset-strippers


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From unicorns to unicorpses: Why billion-dollar startups and even VC firms keep imploding - Fortune (No paywall)  
  

From unicorns to unicorpses: Why billion-dollar startups and even VC firms keep imploding
Two Amazon veterans set off on their own in 2015 to build a platform that would connect shippers with carriers who had extra, unfilled space on their tractor trailers—making supply chains more efficient and reducing emissions. Flush with more than $1 billion in equity funding and debt it had accumulated over the years from some of the tech industry’s most prominent investors, entrepreneurs, climate activists, and lenders, Convoy had at one point hired 1,300 employees and built out a network of more than 400,000 trucks across the country. 




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Lessons from a startup founder at the crossroads of failure - Fortune (No paywall)  
  

Lessons from a startup founder at the crossroads of failure
In this “money is no longer free” market, that begs two questions: When should founders give up? And how should those founders manage their psychology while seeking the answers to such a momentous question?


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The three threats to American business - The Economist (No paywall)  
  

The three threats to American business
Even as the jobs market sizzles, bosses face a bumpy road ahead


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Here Is How Much Rain Has Fallen in Los Angeles  
  

Here Is How Much Rain Has Fallen in Los Angeles
A lot of rain, by local standards, had already fallen by Sunday night, with some locations doubling their two-day cumulative rainfall totals rainfall totals between 6 p.m. and 10 p.m. Here are the Weather Service’s two-day cumulative rainfall totals for six locations across Los Angeles County as of 10 p.m.:


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Mudslides and Flooding Reported Across Los Angeles  
  

Mudslides and Flooding Reported Across Los Angeles
And when rain falls in large quantities on the mountains, it rushes downhill, sometimes taking the saturated land with it, and collects in low-lying areas, such as the vast sprawl of the San Fernando Valley, leaving intersections and streets under water. Rivers and streams could swell, overtopping their banks and flooding the neighborhoods surrounding them.


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At Las Vegas Rally, Biden Promotes Promises Kept  
  

At Las Vegas Rally, Biden Promotes Promises Kept
Nevada will hold its Democratic primary on Tuesday, the party’s second official nominating contest after South Carolina. But Mr. Biden faces scant opposition here. One long-shot challenger, Representative Dean Phillips of Minnesota — who finished third in South Carolina on Saturday, behind the self-help author Marianne Williamson — will not even be on the ballot.


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California Power Outages Affect More Than 850,000 Customers  
  

California Power Outages Affect More Than 850,000 Customers
“Last year was the measuring stick for us and we know what to prepare for,” he said, noting that the utility service had since increased the number of repair crews, damage assessors and office support staff members. But as the storm continued to clobber the state, worse impacts were certainly possible, Mr. Ortiz said.


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Remnants of a Nuclear Missile Are Found in a Garage  
  

Remnants of a Nuclear Missile Are Found in a Garage
But a missile from the Cold War would be a first, said Officer Tyler, who has worked for the department for 18 years. The department also seemed to believe it would be the last, referring to Elton John’s classic song “Rocket Man” in a social media post.


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One million electric cars sold in the UK since 2002  
  

One million electric cars sold in the UK since 2002
Despite the delay in the ban, firms will still be forced to meet strict quotas for selling electric cars from January, ensuring that more than one in five cars sold are zero emission models. If not, they will face heavy fines and the target will go up each year until 2030.


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Boeing in ‘last chance saloon’, warns Emirates boss  
  

Boeing in ‘last chance saloon’, warns Emirates boss
In 2018, a similar incident to what happened last month occurred to an older model of Boeing 737 being operated by Southwest Airlines. Debris from an engine failure broke one of the cabin windows while the plane was travelling at 32,000ft. It resulted in one passenger being partially sucked out of the window and she died from her injuries.


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National Lottery: Hundreds of post offices to stop selling tickets and scratchcards  
  

National Lottery: Hundreds of post offices to stop selling tickets and scratchcards
The Post Office said it ended the group contract last year at the request of postmasters who wanted to receive full commission from sales - previously the Post Office took around 1% from each transaction.


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Samsung’s Leader Acquitted in Stock and Accounting Fraud Case  
  

Samsung’s Leader Acquitted in Stock and Accounting Fraud Case
Some South Koreans speak proudly of the chaebol for having helped transform the country from a war-ravaged agrarian economy into a global export powerhouse. But others have increasingly scrutinized whether they stifle smaller businesses or make corrupt deals with government officials without facing enough repercussions.


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What Business Leaders Are Saying About the Red Sea Attacks  
  

What Business Leaders Are Saying About the Red Sea Attacks
For now, analysts expect the impact on consumers to remain limited. Shipping makes up a small portion of a product’s total cost, analysts at Goldman Sachs noted. They estimate that the disruptions will add only one-tenth of a percentage point to the global inflation rate this year.


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What’s Behind a $10 Chicken Over Rice From a Cart? An $18,000 Permit.  
  

What’s Behind a $10 Chicken Over Rice From a Cart? An $18,000 Permit.
Such is the math of chicken and rice — a heavily spiced mound of boneless chicken with yellow rice and a side salad — which swept the city in the 1980s, after a wave of Egyptian immigrants arrived.


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Amazon Enters Chatbot Fray With Shopping Tool  
  

Amazon Enters Chatbot Fray With Shopping Tool
Rufus “lets customers discover items in a very different way than they have been able to on e-commerce websites,” Andy Jassy, the company’s chief executive, said on a call with investors. “It’s seamlessly integrated in the Amazon experience that customers are used to and love to be able to take action,” he said.


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McDonald's is about to report earnings. Here's what to expect  
  

McDonald's is about to report earnings. Here's what to expect
CEO Chris Kempczinski has also warned investors that the Israel-Hamas war is hurting its sales, both in the Middle East and in some markets outside of it. Social media users have been calling for a boycott of McDonald\'s after its Israeli franchisee offered discounts to soldiers.


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22 Looks That Did the Most at the Grammys  
  

22 Looks That Did the Most at the Grammys
Some people saw Cleopatra. Others saw Barbarella, or Princess Leia in her Jabba the Hutt period. Whatever the references, the “Flowers” singer’s metal mesh by Maison Margiela was marvelous.


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Zelensky Hints at Major Shake-Up of Ukraine’s Government  
  

Zelensky Hints at Major Shake-Up of Ukraine’s Government
Depleted Ukrainian forces are struggling to hold back renewed Russian offensives across the front, with the epicenter of the fighting around the battered city of Avdiivka in the eastern Donetsk region.


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Turkey's inflation sees biggest monthly jump since August, nears 65% year-on-year  
  

Turkey's inflation sees biggest monthly jump since August, nears 65% year-on-year
\"The fact that inflation didn\'t rise significantly more than expected in January is positive given the uncertainty about the impact of the minimum wage hike,\" Peach wrote. \"But the figures present a small setback to the disinflation process and highlight the continued strength of services inflation. For now, the central bank\'s end-year inflation forecast of 36% remains intact.\"  


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UniCredit vows to match 2023 income this year after beating forecast  
  

UniCredit vows to match 2023 income this year after beating forecast
UniCredit on Monday pledged to match in 2024 the previous year\'s result despite the negative economic backdrop, as it posted a much higher than expected 2023 profit and said it would return it all to shareholders.


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Russia's war in Ukraine has had an unlikely consequence — it has revived the EU's plans to get even bigger  
  

Russia's war in Ukraine has had an unlikely consequence — it has revived the EU's plans to get even bigger
Still, Lajčák insisted that neither country could compete with Brussels in terms of its investment and trade offering. \"The credible enlargement process is the best answer to any third-party\'s interference,\" Lajčák said. \"It would be economically insane [for European countries] to look elsewhere.\"


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Gold prices to hit $2,200 and a 'dramatic' outperformance awaits silver in 2024, says UBS  
  

Gold prices to hit $2,200 and a 'dramatic' outperformance awaits silver in 2024, says UBS
Silver\'s performance is tied closely to the health of the overall economy due to its wide industrial applications. The precious metal is commonly incorporated in the manufacturing of automobiles, solar panels, jewelry and electronics.


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Senate releases $118 billion bipartisan aid proposal for Israel, Ukraine, border security  
  

Senate releases $118 billion bipartisan aid proposal for Israel, Ukraine, border security
But former president and GOP frontrunner Donald Trump has reportedly put pressure on Republicans to torpedo the deal so that he can continue using the border crisis as a line of attack in his campaign.  


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NSW government says EY's non-disclosure on policy work 'reflects poorly' on system  
  

NSW government says EY's non-disclosure on policy work 'reflects poorly' on system
"I think government legislators should come down hard on the industry, almost too hard at the beginning, rather than leaning on the soft side," Fels told a seperate federal Senate inquiry.


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Reviews under way after 13-year-old autistic boy with Islamic State fixation targeted in undercover operation  
  

Reviews under way after 13-year-old autistic boy with Islamic State fixation targeted in undercover operation
Salman said that while he had heard of similar instances involving parents approaching police with concerns about their children, only for that individual to be targeted in undercover operations, this was the worst example he had seen.


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Ben Roberts-Smith appeal: defamation trial evidence was 'speculative' and 'contradictory', court hears  
  

Ben Roberts-Smith appeal: defamation trial evidence was 'speculative' and 'contradictory', court hears
Separately, in November 2020, a report into alleged war crimes by special forces in Afghanistan found credible evidence 39 civilians and prisoners were unlawfully killed by Australian troops, while two others were subject to cruelty.


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Indigenous man called out 'I'm dying' with no response from prison staff in hours before death, Victorian inquest hears  
  

Indigenous man called out 'I'm dying' with no response from prison staff in hours before death, Victorian inquest hears
It concluded health assessments conducted on Kerr in the prison's medical unit were inadequate and noted attempts to complete the assessments were hindered by the directive for his cell door to remain closed unless Tog staff were present.


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Zelenskiy preparing to replace senior officials amid Ukraine leadership 'reset'  
  

Zelenskiy preparing to replace senior officials amid Ukraine leadership 'reset'
On two occasions in the past week, Ukrainian media issued a torrent of reports that Zaluzhnyi's dismissal was imminent. In at least one instance, the president's spokesperson denied the commander had been replaced.


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Middle East crisis live: Blinken due in Saudi Arabia; Israel launches deadly strikes on former 'safe' Gaza city of Rafah  
  

Middle East crisis live: Blinken due in Saudi Arabia; Israel launches deadly strikes on former 'safe' Gaza city of Rafah
Israel's army said on Sunday its forces had raided a Hamas training facility in Gaza where militants prepared for the 7 October attack on Israel. The facility in the Palestinian territory's main southern city of Khan Younis contained models of Israeli military bases, armoured vehicles, as well as entry points to kibbutzim, the army said in a statement.


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'Feels like revenge': Palestinians on life locked down in Hebron's Old City  
  

'Feels like revenge': Palestinians on life locked down in Hebron's Old City
In four hours walking and driving around the centre of Hebron, the Guardian did not see a single Palestinian outside their home. The only people on its ghostly streets were soldiers and young boys on bikes, recognisable as settlers from their yarmulkes.


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Scotland expected to raise minimum alcohol price by 30%  
  

Scotland expected to raise minimum alcohol price by 30%
The Scottish policy was challenged in court by the Scotch Whisky Association but in 2017 the UK supreme court ruled that it was “a proportionate means of achieving a legitimate aim” and lawful on health grounds under EU law.


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Gallery issues plea to collectors to loan original Beryl Cook works for exhibition  
  

Gallery issues plea to collectors to loan original Beryl Cook works for exhibition
“As Tom said, ‘Cock size doesn’t matter to me. I didn’t start doing those gigantic cocks until the censors let the magazines publish full-frontal nudity. I had to come up with something you couldn’t get in a photograph. So those big cocks are all for the other guys … I’m an ass man myself.’”




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