* Nippon Express will work with Alibaba Group Holding to ship Japanese goods to China for around 30% less than current prevailing rates - Nikkei
В частности, японская компания думает перегружать навалочные грузы и грузы в биг-бэгах
Convenience store chain FamilyMart plans to install automatic foreign currency exchange machines in some of its stores in the Tokyo metropolitan area, starting Feb 1. The company said it hopes the venture, a collaboration with Travelex Japan and Nippon Express, will help foreign tourists, Sankei Shimbun reported. The company said…
NEC Corp and Nippon Express Co have reached an agreement to form a strategic partnership in order to strengthen their global logistics business. As part of this partnership, NEC will transfer a portion of its shares in NEC Logistics (NECL) to Nippon Express and a contract will be concluded for…
All Dreamliners grounded after a string of safety scares with first airline pushing for compensation and FAA starting investigationBoeing has said it is "working round the clock" to restore faith in its troubled Dreamliner after safety warnings from US authorities prompted airlines around the world to ground the plane, and the first demands for compensation that could run into hundreds of millions of pounds.Ethiopian Airlines on Thursday became the final airline to withdraw its four 787s from service, a day after the two Japanese airlines who pioneered Dreamliner operations suspended their flights after a string of incidents.A dismal 10 days for Boeing culminated in an All Nippon Airways (ANA) plane making an emergency landing on Wednesday, leading the carrier and fellow Japanese airline JAL to ground their entire fleets, having already suffered battery fires, fuel leakages and cracks in the windscreen over recent days.American regulators followed their lead and grounded the Dreamliner in their jurisdiction – United Airlines owns six such planes – saying a recent series of safety incidents meant urgent action was needed. Chile's LAN, Air India and Qatar Airways followed suit.LOT airlines, the Polish national carrier which had championed the Dreamliner ahead of its maiden transatlantic flight from Warsaw to Chicago on Wednesday, announced it would seek compensation from Boeing after grounding its plane at O'Hare airport before the return leg. LOT also warned it would only accept delivery of three additional Dreamliners, expected in March, if the technical issues have been resolved.LOT's move is the first unequivocal demand for compensation, although the Qatar Airways chief executive, Akbar Al-Baker, last month indicated he would want to be reimbursed for "teething problems" that affected its services. Qatar's five 787s are now grounded.Analysts expect the final cost for Boeing to run into hundreds of millions of pounds, although compensation would likely take the form of discounts on orders, free service and repair rather than direct payment. Analysts at Mizuho Securities in Japan calculated that grounding the 787s could cost ANA alone more than $1.1m (£700,000) a day.Boeing's chief executive, Jim McNerney, expressed "deep regret" over recent events and said he would make the entire resources of the company available to assist the Federal Aviation Administration (FAA) in its inquiries. He said: "The safety of passengers and crew members who fly aboard Boeing airplanes is our highest priority. The company is working around the clock with its customers and the various regulatory and investigative authorities."We are confident the 787 is safe and we stand behind its overall integrity. We will be taking every necessary step in the coming days to assure our customers and the travelling public of the 787's safety and to return the airplanes to service."The troubles overshadowed some good news for the Seattle-based manufacturer, as rival Airbus confirmed it had fallen behind Boeing in annual orders, and been outstripped in delivery of planes for the first time in a decade. While Airbus trumpeted 833 net orders, exceeding its targets, and a record delivery figure of 588 aircraft in 2012, Boeing's 1,203 orders and 601 deliveries last year – mainly of 737s – put it back on top.Airbus refused to be drawn into the Dreamliner debate. Speaking ahead of his company's unveiling of its 2012 results in Toulouse, France, the chief executive, Fabrice Bregier, said it was not his place to "give Boeing lessons" and noted that Airbus had suffered similar problems – alluding to the cracks in the wings of the new Airbus A380s in 2011.The advanced technology behind the 787, a "plastic plane" made from lighter, carbon composite materials, garnered enormous orders from airlines eagerly awaiting its fuel savings. Holiday firm Thomson – scheduled to be the first British airline to operate Dreamliners – based its advertising on the new planes, which also promise a better experience for passengers and fewer ill-effects from long-haul flights.However, its cutting edge status could backfire if problems erode public confidence. After production problems that delayed delivery by three years, the aircraft's "teething problems" – after 15 months in service – have now prompted the FAA to act. Its chief initial focus is the lithium-ion batteries that caught fire. Japanese authorities believe the latest incident could have resulted in a serious accident.In one silver lining, analysts said the Dreamliner's woes and delays could provide a temporary fillip for the airline industry overall, which has had profits hit by an excess of plane capacity.BoeingAirline industryAir transportAirbusUnited StatesJapanAsia PacificGwyn Tophamguardian.co.uk © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds
Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for you, the Huffington Post has an email newsletter, delivered first thing every weekday morning, boiling down the day's biggest business news into the 7.5 things you absolutely need to know. And we're giving it away free, because we love you, and also science. Here you go: Thing One: Are You Comfortable, Banks? Can We Get You Anything? When it comes to big banks, we're like overly doting parents: Four years after the financial crisis, we just can't stop babying them. Apparently, despite the personal guarantee of Warren Buffett that the banks are okey-dokey, they still need our assistance. Their profit margins are getting squeezed in several ways, writes Robin Sidel in the Wall Street Journal (as we'll observe when they report fourth-quarter earnings, starting with Wells Fargo today). For one thing, they have way too many deposits, on which they must pay interest. For another, they're having a hard time finding anybody they want to loan money, so they're not getting as much interest back. As a result, their net interest margins are too thin. Meanwhile, they also just can't seem to stop getting into trouble and paying hefty fines all of the time, which is also not great for business. Big lenders will take hits totaling about $20 billion in fines this quarter from their various settlements with the government, Sidel notes -- settlements that weren't too awfully onerous and that almost never involved any criminal charges being filed, mind you. Even as we speak, they're getting into more trouble: A couple of top UBS executives testifying before a UK parliamentary commission yesterday expressed shock and ignorance about rampant Libor fraud at their bank, for which it has paid $1.5 billion in fines. And Reuters reports that JPMorgan Chase will soon get a strongly worded letter from the U.S. government that it needs to do a better job of keeping an eye on the money going through its coffers, lest it run afoul of money-laundering laws, as HSBC, Standard Chartered and many other banks have before. Meanwhile, banks complained so much about the fragile state of housing that they won some key concessions in the new mortgage-lending rules announced yesterday by the Consumer Financial Protection Bureau, notes Peter Eavis in the New York Times. The rules may prevent some of the pre-crisis abuses in mortgage lending that helped lead to the housing collapse, but they will take effect over many years, and the CFPB offered possibly unnecessary protections to the banks against being sued by homeowners. In another sop to the banks, the recent government settlement with mortgage lenders over their shoddy foreclosure practices was based on a belief that actually reviewing cases of foreclosure abuse was just way too hard, and that it's better for everybody (except homeowners) just to let lenders handle things as they see fit, as Jessica Silver-Greenberg in the NYT reminds us (and Eleazar David Melendez and Ben Hallman wrote earlier this week). All of this follows the most profound bank concession of all: the retreat earlier this week on tougher bank capital and liquidity standards by the Basel III regulators. Some commentators suggested this surrender was a good thing, otherwise these tender banks would be so fragile as to not be able to lend money any more. That's just completely wrong. The banks already aren't lending money, as Sidel's WSJ story today points out, either because they're being too finicky or because the economy is weak or because there's just not that much demand for loans, or all of the above. Distant-future capital and liquidity standards are not really a big part of the equation. Sure, business is bad, and we help industries when business is bad. But we shouldn't sacrifice the future safety of the financial system in the process. It's time to stop spoiling these banks. Thing Two: More Stimulus For Japan: The government of new Japanese Prime Minister Shinzo Abe approved a $116 billion stimulus plan for that country this morning, the latest in a long series of measures aiming to jolt that moribund economy back to life. The move puts pressure on Japan's central bank to pitch in with its own monetary stimulus measures later this month, writes Reuters. Thing Three: Dreamliner Nightmare Won't End: Another day, another set of mishaps on Boeing 787 Dreamliner airplanes. This time both incidents happened in Japan, one involving a fuel leak and another involving a cracked windshield. Both planes were operated by All Nippon Airways. Earlier this week, two separate Japan Airlines flights had trouble at Boston's Logan International Airport. The FAA is launching an investigation with a press conference in Washington later today. Thing Four: Google's European Vexation: U.S. antitrust regulators may have given Google a pass, but European regulators aren't going to be such pushovers. The European Union's competition chief told the Financial Times that the search giant will have to "change the way it presents search results in Europe or face antitrust charges." Thing Five: Fed To America: You're Welcome: Well, this should help with the deficit, a little: The Federal Reserve turned a record profit of $88.9 billion last year, the WSJ writes. That will go straight to the Treasury Department. Funny thing is, that profit came from the Treasury Department, in the form of interest payments on the mountain of Treasury bonds the Fed holds as a result of its stimulus programs. Thing Six: Shell Game: A Shell oil rig that ran aground off the coast of Alaska last week might have been in motion only because Shell was trying to avoid paying taxes, according to a letter from Rep. Edward Markey (D-Mass.) to Shell's CEO. Shell denies the claim and says the rig was being moved for safety reasons. But a Shell spokesman last month told a local paper the timing of the rig's move was influenced by tax considerations, Reuters writes. Thing Seven: Not-So-OK Computer: Some years back the RAND Corporation touted far and wide the benefits of switching health records from paper to electronic systems as a way of improving health-care efficiency and cutting costs, and the government spent tons of money to help speed up the process. Now, after a new study, RAND admits that it can see little benefit from the switchover, the New York Times writes. Awesome show, RAND. Great job! Thing Seven And One Half: A Day In The Life: As a public service, to provide you a yardstick against which to measure your own life, Uproxx has unearthed an old AP story with a chronological list of all of the things Hunter S. Thompson ingested in a typical day. (Hint: Cocaine is well-represented.) It's a miracle he survived to that afternoon, much less the age of 67. Now Arriving By Email: If you'd like this newsletter delivered daily to your email inbox, then please just feed your email address to the thin box over on the right side of this page, wedged narrowly between the ad and all the social-media buttons. OR, if you are logged into a HuffPost account, you could simply click on this link and tick the box labeled "7.5 Things" (and any other kind of news alert you'd like to get). Nothing bad will happen to you if you do, unless you consider getting this newsletter delivered daily to your email inbox a bad thing. Calendar Du Jour: Economic Data: 8:30 a.m. ET: International Trade for November Corporate Earnings: Wells Fargo Heard On The Tweets: Movie studio receptionist looks at script. "Oh, you're gonna wanna take this up to zombies, on six."— Richard Lawson (@rilaws) January 11, 2013 The weather forecast for this weekend is low to mid 70's or as I like to call it Inconvenient Truth degrees.— OhNo$heTwitnt (@OhNoSheTwitnt) January 10, 2013 They don't call me Top Dog for nothing. I'm always on a pile of dogs, also I am a dog.— would you like some (@weird_hugs) January 10, 2013 Why is a Roomba called that? Because it's in a room? Everything's in a room.— Kumail Nanjiani (@kumailn) January 10, 2013 -- Calendar and tweets rounded up by Alexis Kleinman. And you can follow us on Twitter, too: Alexis Kleinman and @MarkGongloff
Boeing's (BA) 787 Dreamliner has suffered its fourth technical problem this week, with a spider-web like crack appearing in a cockpit windshield on an All Nippon Airways jet during a flight. The latest incident comes amid reports that the FAA will today announce a safety review of the plane's power system and the quality controls used in its production, while India's government has apparently expressed concern about the aircraft's problems.
Boeing's (BA) 787 Dreamliner has suffered its fourth technical problem this week, with a spider-web like crack appearing in a cockpit windshield on an All Nippon Airways jet during a flight. The latest incident comes amid reports that the FAA will today announce a safety review of the plane's power system and the quality controls used in its production, while India's government has apparently expressed concern about the aircraft's problems. Post your comment!