The text of the following statement was released by the Government of the United States of America and the Government of Japan. Begin Text: The United.
The Japanese Ministry of Economy, Trade and Industry (METI) effectively colluded with Toshiba Corp’s management to undermine shareholders’ rights, an independent probe into the company’s controversial shareholders’ meeting last year found.
The report, released by Toshiba yesterday, is likely to heighten investor concern about governance and government interference at the conglomerate.
It comes after activist investors including top shareholder Effissimo Capital Management Pte Ltd successfully pushed for an investigation into whether Toshiba had applied pressure on shareholders over voting at the meeting.
Reuters has reported that the Harvard University endowment fund had been told by a Japanese government adviser that it could be
Japan is seeking to “drive growth” in the nation’s chip industry, trying to breathe new life into a sector with massive capacity, but trouble turning out cutting-edge products, the Japanese Ministry of Economy, Trade and Industry said in a report yesterday.
The ministry would treat semiconductor industry growth as a “national project” as important as securing food and energy, it said.
The Japanese government will support the establishment of manufacturing bases, including through joint ventures with overseas chip foundries, the ministry said.
The push comes amid a global chip shortage that has weighed on manufacturing across a range of industries and threatens
(Carlos Barria/Reuters)
Many solar-energy panels and components from China, the world’s largest supplier, are built with forced labor.
President Biden pledged to reduce greenhouse-gas emissions by at least 50 percent by 2030 from 2005 levels. An estimate shows that to reach this ambitious goal, at least half of the U.S. power supply would have to come from clean energy such as solar and wind. However, one dirty secret that President Biden and his green allies don’t want to talk about is how “clean” solar energy is largely built on forced labor in Xinjiang, China, according to a new investigative report by U.K.’s Sheffield Hallam University.