
Japan Tourism Hits July Record, Sharp Declines From South Korea and Hong Kong
The country brought in 3.43 million visitors last month, a 4.4% increase from 2024, the Japan National Tourism Organization said Wednesday. And in the first seven months of 2025, Japan had 24.9 million visitors, an 18.4% jump from last year.
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Bloomberg
23 minutes ago
- Bloomberg
Vietnam's Next Big Challenge Is All About Money
Fresh from a bruising tussle with the White House over tariffs, Vietnam is confronting a different but no less delicate challenge. The country's Communist leaders want to develop a modern financial system that better reflects market forces — and a central bank that's fit for the task of managing it. Pulling this off by next year will be quite a feat; less ambitious overhauls have taken far longer to complete and faced plenty of teething problems. Getting this right is key to the long-term monetary stability of the nation, which clocked impressive growth by hitching itself to supply chains and the voracious appetite of American consumers. It's also important for statecraft. This is more than just Federal Reserve envy. No less a role model than China recognizes the power that America, and the Fed as custodian of the dollar, can deploy. Beijing has also sought to make the People's Bank of China a more formidable presence.

Wall Street Journal
23 minutes ago
- Wall Street Journal
Coty Posts Lower Fourth Quarter Sales, Expects Improvement in Second Half of Fiscal Year 2026
Coty COTY -0.61%decrease; red down pointing triangle said sales declined in the latest quarter, though it sees a return to growth in the second half of the current fiscal year with the help of new product launches. The house of beauty and fragrance brands had a fourth-quarter loss of $68.8 million, or 8 cents a share, narrower than the loss of $96.9 million, or 12 cents a share, in the prior-year period.


TechCrunch
an hour ago
- TechCrunch
Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs
Battery materials startup Group14 announced Wednesday it has closed a $463 million funding round to expand its manufacturing footprint, a sign that investors remain confident in the future of electric vehicles. The startup manufactures silicon anode materials, which significantly boost the storage capacity of lithium-ion batteries. Group14 currently operates three factories, two in the U.S. and one in South Korea. Despite headlines about softening demand growth for electric vehicles, the global market for lithium-ion batteries remains strong. Over the next decade, its expected to grow more than 15% annually, quintupling in size, according to Precedence Research. And automakers and investors are still in pursuit of companies working on technology that will make EVs more efficient and affordable. The round was led by battery manufacturer SK with participation from ATL, Lightrock, Microsoft, Porsche, and OMERS. Alongside the round, Group14 also announced it had 'acquired full ownership' of a joint venture with SK in South Korea, which includes its BAM 3 factory. SK had owned 75% of the JV. When asked whether the value of the JV transaction was included in the Series D total, Group14 spokesperson Kristen Caron said the company was 'not disclosing any additional details about the round.' Silicon has long been targeted as a potential replacement for graphite, today's go-to anode material, because it can hold up to 10 times more electrons. But with every charge and discharge, pure silicon anodes have a tendency to crumble as the material expands and contracts, something that graphite is more resistant to. Startups like Group14 and its competitor Sila have accommodated silicon's propensity to swell by creating structures that keep silicon in place without sacrificing the anode's overall integrity. Group14's material is a scaffold with internal voids that hold the silicon, giving it room to expand. The material itself can be blended with graphite or replace it entirely. Many companies still opt for the latter because of graphite's inherent stability. But the more silicon used, the more energy a single cell can store. Group14 says its material can improve energy density by up to 50% and cut fast-charging times below 10 minutes. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW