Uniqlo owner lifts forecast as weak yen powers sales from tourists
Uniqlo is renowned for its quality and affordable basics, and Fast Retailing is benefiting from a slide in the yen that has boosted the value of its sales abroad. Read more
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Uniqlo is renowned for its quality and affordable basics, and Fast Retailing is benefiting from a slide in the yen that has boosted the value of its sales abroad. Read more
A plan to set up a city-led gambling task force composed of multiple city agencies including the Honolulu Police Department was formally adopted by the City Council on Wednesday. Read more
The yen has been sliding to fresh 38-year lows day by day, with market participants on alert for Japanese authorities to step in again, as they did in March, to defend the currency. Read more
Japan’s Fast Retailing, the owner of clothing brand Uniqlo, said on Thursday its third-quarter operating profit surged 31%, buoyed by strong sales at home. Read more
Boeing CEO Dave Calhoun apologized and vowed the planemaker would follow government rules after the National Transportation Safety Board said the company provided non-public information speculating about possible causes on a 737 MAX mid-air emergency, the safety panel’s top official said today. Read more
The hike will affect around 52 million members, a little over half of them being of the executive category, the membership-only retailer said. Read more
Finkel said Guo ultimately raised more than $1 billion through a series of bogus investment and cryptocurrency schemes from followers, some of which Guo claimed would help people oppressed by China’s communist government. Read more
Public health experts fear the disease has the potential to turn into another pandemic just a few years after COVID-19. Read more
The case is one of many accusing Musk of reneging on promises to former Twitter employees, including former Chief Executive Parag Agrawal, and vendors after buying the company for $44 billion in October 2022. Read more
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An explosion of the inflator can result in sharp metal fragments striking the driver or other car occupants, potentially leading to injury or death, said the NHTSA. Read more
Hundreds of unionized nurses Tuesday morning held signs in front of three hospitals across Oahu, eliciting honks from passing cars, as they called for safer staffing levels. Read more
In today’s world everyone is familiar with the concept of hybrid work. You might work at a physical location, remotely or a mixture of both. Read more
Three well-traveled bridges built more than 50 years ago over the man-made waterways of Hawaii Kai will undergo a $1.6 million rehabilitation, city officials say. Read more
Girl Scouts of Hawaii has elected Beth Whitehead to chair of its board of directors. Read more
Samsung Electronics’ biggest workers’ union in South Korea said on Wednesday it will continue a strike indefinitely, stepping up its campaign against the tech giant for better pay and benefits. Read more
The National Transportation Safety Board said on Tuesday it is seeking to determine when structural damage occurred to the rudder system on a Southwest Airlines Boeing 737 MAX that rolled in May. Read more
Nike forecast a surprise drop in annual sales at the end of June, adding to investor worries about the sportswear giant falling behind established peers and newer rivals alike. Read more
The Facebook and Instagram parent said in a blog post it would remove content “attacking ‘Zionists’ when it is not explicitly about the political movement” and uses antisemitic stereotypes or threatens harm through intimidation or violence directed against Jews or Israelis. Read more
The new ship will be modeled after the Wish, the largest vessel in Disney’s fleet. OLC, the operator of Tokyo Disneyland, will also operate the new cruise vessel. Read more
“We are well aware that we now face two-sided risks,” and can no longer focus solely on inflation, Powell told the Senate Banking Committee today. Read more
Investors worry that waiting too long to cut interest rates could damage the labor market and push the economy into a recession. Read more