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The Latest Breaking News from Sumitomo

China's control over indium phosphide exports threatens AI data centre rollout

Anderson's visit was partly to raise the issue of delays in China's export licenses involving the highly strategic material, essential in manufacturing high-speed optical chips for AI data centres, said three sources familiar with the matter.

The Economic Times

Sumitomo Corporation can invest ¥ 10 trillion in India over the next decade: S Jaishankar

External Affairs Minister S Jaishankar recently convened with Shingo Ueno, the CEO of Sumitomo Corporation, to explore collaborative investments. Minister Jaishankar expressed optimism about Sumitomo's ability to bolster India's goal of reaching a Y=10 trillion investment target in the coming decade. He commended the company's unwavering support for the 'Make…

The Economic Times

Berkshire Hathaway Just Upped Its Stake in Sumitomo Stock. Greg Abel Says It’s Holding for the Long Term.

Berkshire Hathaway has raised its stake in Sumitomo to 10.05% as of May 7, crossing the 10% threshold in all five major Japanese trading houses and signaling a long-term “permanent” holding under CEO Greg Abel.

Barchart

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Top 5 Insider Buys From Q1: Buy, Sell, or Hold in Q2?

Insiders aggressively bought these stocks, signaling confidence in their operations. The question is whether others think the same.

MarketBeat

‘We’ll Be in These Stocks 10, 20 Years’: Warren Buffett’s $30 Billion Bet Gets a Big Boost as Bank of Japan Raises Rates to 30-Year High

The Bank of Japan is set to raise interest rates to a three-decade high on Friday, marking another landmark shift for a country long accustomed to near-zero rates and unconventional monetary policy.

Barchart

These Dunlop Minibike Tires Could Lose Traction Due To a Manufacturing Defect

Dunlop parent company Sumitomo Rubber Industries Limited is recalling a specific batch of TT93GP Pro tires due to a defect which we'll describe in detail here.

RideApart

Goodyear Has Sold Dunlop to Another Tire Company

I'll be honest. When I was first looking at this story, I wasn't aware of the weird-ass history Goodyear has with both Dunlop and Sumitomo, the Japanese tire company it's sold Dunlop to. I wasn't aware of the often incestuous nature of the relationship between the three over the last three…

RideApart

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Opportunity for Scottish firms in Japan is massive, says new trade envoy

IT is time for Scottish firms to “think about Japan”, according to the government’s new trade envoy ...

The National (Scotland)

Scottish Government appoints its first ever trade envoy to Japan

SCOTLAND has appointed its first trade and investment envoy to Japan in a bid to secure international investment ...

The National (Scotland)

Warren Buffett has upped his stakes in Japan once again

Warren Buffett has been open about the fact he's not "done" with Japan—and his latest move proves it.

Fortune

Vivek Ramaswamy is threatening GOP heavyweights in the polls–but his business record doesn't live up to the hype

Yale's Sonnenfeld and Tian retrace presidential hopeful Vivek Ramaswamy's business record.

Fortune

Bank of America isn't entirely sold on Warren Buffett's Japan plan

Bank of America says calls to 'buy Japan' are "premature" but could promise successful trades next year.

Fortune

Warren Buffett served Japan's top bosses glasses of coke while he interviewed them

Buy-in from Buffett is something many firms can only dream of—and Japanese investment houses don’t intend to waste their chance.

Fortune

Japanese company to establish Scottish factory

Power cable facility set to be built in the Highlands after deal signed during ministerial visit

Insider UK

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The National (Scotland)

Japanese firm to build large cable factory in Highlands

A JAPANESE company is preparing to build a large factory in the Highlands to make sub-sea high-voltage cables.

ABC News

System operator predicts Bluewaters, Australia's newest coal-fired power plant will close by 2029

WA's only privately owned coal-fired power station to close "before 2030" under plans that would bring the curtain down on the fuel's use in the state's economy.

Fortune

A California startup is turning greenhouse gas into a plastic alternative that's used by Nike and H&M

Twenty years ago, two entrepreneurs thought of carbon differently—as a possible ingredient in products we use every day.

The Japan News/Yomiuri

Haneda Airport to open new commercial complex in Jan.

A large commercial complex directly connected to Haneda Airport's international terminal will be fully opened in January, Sumitomo Realty Development Co. said.

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ABC News

WA's biggest private power station moves to take over loss-making, Indian-owned coal mine

The Japanese owners of a major West Australian coal-fired power station take court action over a loss-making mine that has failed to deliver promised coal supplies.

The Guardian - UK

Andrew Hopkins of Exscientia: the man using AI to cure disease

The British scientist’s company employs artificial intelligence to drastically cut the time of drug development

Bangkok Post

PF aims to launch 15 low-rise projects

SET-listed developer Property Perfect Plc (PF) plans to launch 15 low-rise housing projects worth a combined 26.2 billion baht, of which nearly half are joint ventures with Hongkong Land and Sumitomo.

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