Fuji TV’s chairman and president resigned due to a sexual misconduct allegation against former TV personality Masahiro Nakai, sparking public and industry backlash. Advertisers, including major brands like Nissan and Toyota, withdrew sponsorships after learning that Fuji TV knew of the allegations for six months but did not disclose them, leading to calls for reforms and a need to rebuild trust with viewers and sponsors from both the government and shareholders.
Full Article
About 300 employees laid off by China-linked Singapore firm facing US sanctions over Iran oil shipments
Read a summary of this article on FAST.SINGAPORE: A China-linked, Singapore-based firm, CCIC Singapore, has laid off hundreds of employees and is going into liquidation due to US sanctions for its role in obscuring the origins of Iranian oil shipments. The firm, a subsidiary of a state-owned enterprise, notified employees of retrenchments after being blacklisted on May 13, leading to salary delays and dissatisfaction over severance packages. Employees have reached out to labor organizations for...
Read more