Bank of Japan made a landmark rate pivot. Here’s what happens next

Neon advertisements in Osaka’s Dotonbori district in Japan Alexander Spatari | Moment | Getty Images Japan’s central bank on Tuesday finally ended its experiment with negative rates and unconventional easing tools which were aimed at reflating the world’s fourth-largest economy. The Bank of Japan’s decision came just days after Rengo, Japan’s largest federation of trade … Read more

What went wrong at Cruise, a pivot at Vroom and a home for Tesla’s Dojo supercomputer

TechCrunch Mobility is a weekly newsletter dedicated to all things transportation Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility – the same weekly newsletter you’ve been reading, but with a new name and a few changes. As I mentioned … Read more

3 players Alex Cora’s side could pivot to as Yoshinobu Yamamoto dream fades

The Boston Red Sox are one of the potential landing spots for Japanese phenom Yoshinobu Yamamoto. That being said, it appears more likely that they are falling behind other contenders, such as the Los Angeles Dodgers and New York Yankees. If this does prove to be true, the Boston Red Sox will have plenty of … Read more

Discord’s mobile overhaul is a pivot to friends and messages

Discord rolled out a long-awaited mobile redesign on Tuesday that is a noticeable departure from its desktop version, with the focus being on communicating and sharing with friends — including in group and individual direct messages. With the revamp, the Discord app will display navigation tabs as soon as you open the app, including a separate … Read more

Inside One iPhone Factory Powering Apple’s Pivot to India

Set back from a dusty highway in South India, three newly completed factory buildings rise up behind a black spiked iron fence. In their shadow, several yellow construction vehicles sit beside mounds of upturned soil and the skeleton of a half-built warehouse. On a May afternoon this year, a group of women in blue and … Read more

Procurement is painful, so Pivot wants to simplify it

Earlier this year, a big French tech company started requiring an email to the CEO for every purchase above €1,000. That’s because they didn’t have the right tool to manage procurement. Meet Pivot, a new French startup that wants to overhaul spend management solutions. Pivot wants to work with young companies that are growing fast … Read more

Russia failed to keep peace in Nagorno-Karabakh, in pivot away from Armenia

Comment on this storyComment RIGA, Latvia — With virtually the entire population of Armenians feeling from Nagorno-Karabakh, refugees are voicing rage over the loss of their homeland and accusing Russia of betrayal after peacekeepers sent by Moscow failed to protect them. The lightning military operation by Azerbaijan to seize back the disputed mountainous region made … Read more

SoftBank-backed Improbable slashes losses by 85% after metaverse pivot

Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Virtual reality startup Improbable said Wednesday that it reduced losses by 85% in 2022, a year that saw the company pivot its focus to powering new “metaverse” experiences. … Read more

Sea’s progress pivot at expense of earnings stems from e-commerce competitors

Forrest Li, chief govt officer of Sea Ltd., in Singapore, on Wednesday, Might 3, 2023. Ore Huiying | Bloomberg | Getty Pictures Shares of Southeast Asian tech big Sea plummeted this week after lacking income expectations and saying it might deal with progress over earnings — a reversal from current cost-cutting measures within the face … Read more