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Chinese-built logistics hub inaugurated in Ethiopia to promote e-commerce

STORY: Chinese-built logistics hub inaugurated in Ethiopia to promote e-commerce SHOOTING TIME: Feb. 29, 2024 DATELINE: March 2, 2024 LENGTH: 00:03:56 LOCATION: Addis Ababa CATEGORY: ECONOMY SHOTLIST: 1. various of the new e-commerce logistics hub in Addis Ababa, the capital of Ethiopia 2. SOUNDBITE 1 (English): ALEMU SIME, Ethiopian Minister of Transport and Logistics 3. SOUNDBITE 2 (English): MESFIN TASEW, CEO of the Ethiopian Airlines STORYLINE: The Ethiopian Airlines has inaugurated a new e-commerce logistics hub in Addis Ababa, the capital of Ethiopia, to meet the surging demands of online shoppers and retailers. Speaking at the inaugural ceremony that took place on Thursday, Ethiopian Minister of Transport and Logistics Alemu Sime said the new e-commerce facility aims to streamline operations and inventory management before goods are dispatched to customers. Built by China National Aero-Technology International Engineering Cooperation, the e-commerce logistics hub covers about 15,000 square m

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U.S.-SAN LEANDRO-MACY'S-STREAMLINE OPERATIONS

(240228) -- SAN LEANDRO, Feb. 28, 2024 (Xinhua) -- Customers take a rest while shopping at a Macy's store which will be closed soon in San Leandro, the United States, Feb. 27, 2024. In a move to streamline operations and focus on its core business, U.S. department store chain Macy's on Tuesday announced a strategic plan dubbed "A Bold New Chapter." The plan, while outlining broader initiatives, notably includes the closure of approximately 150 underperforming stores by 2026. This significant decision aims to allocate resources more effectively, allowing the company to focus on revitalizing and modernizing the remaining 350 locations. (Photo by Li Jianguo/Xinhua)

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U.S.-SAN LEANDRO-MACY'S-STREAMLINE OPERATIONS

(240228) -- SAN LEANDRO, Feb. 28, 2024 (Xinhua) -- A customer shops at a Macy's store which will be closed soon in San Leandro, the United States, Feb. 27, 2024. In a move to streamline operations and focus on its core business, U.S. department store chain Macy's on Tuesday announced a strategic plan dubbed "A Bold New Chapter." The plan, while outlining broader initiatives, notably includes the closure of approximately 150 underperforming stores by 2026. This significant decision aims to allocate resources more effectively, allowing the company to focus on revitalizing and modernizing the remaining 350 locations. (Photo by Li Jianguo/Xinhua)

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U.S.-SAN LEANDRO-MACY'S-STREAMLINE OPERATIONS

(240228) -- SAN LEANDRO, Feb. 28, 2024 (Xinhua) -- A customer shops at a Macy's store which will be closed soon in San Leandro, the United States, Feb. 27, 2024. In a move to streamline operations and focus on its core business, U.S. department store chain Macy's on Tuesday announced a strategic plan dubbed "A Bold New Chapter." The plan, while outlining broader initiatives, notably includes the closure of approximately 150 underperforming stores by 2026. This significant decision aims to allocate resources more effectively, allowing the company to focus on revitalizing and modernizing the remaining 350 locations. (Photo by Li Jianguo/Xinhua)

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U.S.-SAN LEANDRO-MACY'S-STREAMLINE OPERATIONS

(240228) -- SAN LEANDRO, Feb. 28, 2024 (Xinhua) -- A customer shops at a Macy's store which will be closed soon in San Leandro, the United States, Feb. 27, 2024. In a move to streamline operations and focus on its core business, U.S. department store chain Macy's on Tuesday announced a strategic plan dubbed "A Bold New Chapter." The plan, while outlining broader initiatives, notably includes the closure of approximately 150 underperforming stores by 2026. This significant decision aims to allocate resources more effectively, allowing the company to focus on revitalizing and modernizing the remaining 350 locations. (Photo by Li Jianguo/Xinhua)

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Shiseido to consolidate product brands in streamlining drive

TOKYO, Japan - Shiseido Co. President Masahiko Uotani announces in Tokyo on Dec. 17, 2014, a plan to consolidate 28 of some 120 product brands as part of efforts to streamline its business operations.

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Major contractors Hazama, Ando to merge

TOKYO, Japan - Hazama Corp. President Toshio Ono (L) and Ando Corp. President Toshiaki Nomura hold a press conference in Tokyo on May 24, 2012. The contractors, both listed on the First Section of the Tokyo Stock Exchange, announced they will merge April 1, 2013, to streamline operations amid a downturn in construction spending since the global financial crisis began in 2008.

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1st meeting of panel to check TEPCO's assets

TOKYO, Japan - Kazuhiko Shimokobe (L), a lawyer heading a panel of experts to check the financial status of Tokyo Electric Power Co., speaks at the first meeting of the panel at the prime minister's office in Tokyo on June 16, 2011. Prime Minister Naoto Kan (R) told the panel to compile a report by September. The panel was launched to streamline TEPCO's operations to lessen the burden on taxpayers from the utility's enormous compensation payments over the Fukushima nuclear crisis.

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TEPCO asks gov't to help in paying nuclear disaster damages

TOKYO, Japan - Tokyo Electric Power Co. President Masataka Shimizu (L) hands a letter of request to industry minister Banri Kaieda (R) at the prime minister's office in Tokyo on May 10, 2011. TEPCO asked the government to help it pay the enormous costs expected in compensating victims of the nuclear disaster at the Fukushima Daiichi power plant while promising to streamline the company's operations to the utmost extent.

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Panasonic may mark over 300 bil. yen in FY 2008 group net loss

OSAKA, Japan - Photo taken on Jan. 28, 2009, shows the headquarters of Panasonic Corp. in Osaka. Panasonic is expected to report more than 300 billion yen in consolidated net loss in the business year through March due chiefly to additional outlays needed to streamline its manufacturing operations and valuation losses on its stock holdings, sources familiar with the matter said Feb. 1.

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Japan Post to review business ties for profitability: new chief

TOKYO, Japan - Japan Post President Yoshifumi Nishikawa said April 2 the public entity for postal services will review its business and capital relations with some 70 companies and affiliates in a bid to streamline operations before its privatization in October.

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Seiyu to cut 1,600 jobs to streamline operations

TOKYO, Japan - Seiyu Ltd. President Masao Kiuchi speaks at a press conference in Tokyo on Jan. 16. He said the supermarket chain operator it will cut up to 1,600 jobs in its group workforce through a voluntary retirement program in a bid to streamline operations.

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Tokyu Corp. to streamline group hotel operations

TOKYO, Japan - Flanked by Yozo Inagaki, president of Tokyu Hotel Chain Co., Tokyu Corp. President Shinobu Shimizu (R) speaks at a news conference Dec. 27. The leading railway firm said it will streamline the group's hotel business in a stock-swap deal that will make Tokyu Hotel Chain a wholly owned subsidiary.

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Bank of Japan to close Kitakyushu, Otaru branches

TOKYO, Japan - Photo, taken Oct. 4, shows the Bank of Japan's Kitakyushu branch in Fukuoka Prefecture, which the central bank plans to close along with its Otaru branch in Hokkaido as part of government efforts to streamline the bank's operations. The proposed closures, earmarked for 2001, are the first since the central bank was founded in 1882, and will reduce the number of BOJ main branches in Japan to 31.

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Japan Post to review business ties for profitability: new chief

TOKYO, Japan - Japan Post President Yoshifumi Nishikawa said April 2 the public entity for postal services will review its business and capital relations with some 70 companies and affiliates in a bid to streamline operations before its privatization in October. (Kyodo)

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Panasonic may mark over 300 bil. yen in FY 2008 group net loss

OSAKA, Japan - Photo taken on Jan. 28, 2009, shows the headquarters of Panasonic Corp. in Osaka. Panasonic is expected to report more than 300 billion yen in consolidated net loss in the business year through March due chiefly to additional outlays needed to streamline its manufacturing operations and valuation losses on its stock holdings, sources familiar with the matter said Feb. 1. (Kyodo)

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Toshiba to incur around 500 bil. yen net loss in FY 2015

File photo taken in July 2015 shows a building which houses Toshiba Corp.'s headquarters in Tokyo. The electronics maker expects a record group net loss of around 500 billion yen ($4.13 billion) for the business year ending in March 2016, as it makes greater efforts to streamline operations following its profit-padding scandal, a company source said on Dec. 19, 2015. (Kyodo) ==Kyodo

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1st meeting of panel to check TEPCO's assets

TOKYO, Japan - Kazuhiko Shimokobe (L), a lawyer heading a panel of experts to check the financial status of Tokyo Electric Power Co., speaks at the first meeting of the panel at the prime minister's office in Tokyo on June 16, 2011. Prime Minister Naoto Kan (R) told the panel to compile a report by September. The panel was launched to streamline TEPCO's operations to lessen the burden on taxpayers from the utility's enormous compensation payments over the Fukushima nuclear crisis. (Kyodo)

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Major contractors Hazama, Ando to merge

TOKYO, Japan - Hazama Corp. President Toshio Ono (L) and Ando Corp. President Toshiaki Nomura hold a press conference in Tokyo on May 24, 2012. The contractors, both listed on the First Section of the Tokyo Stock Exchange, announced they will merge April 1, 2013, to streamline operations amid a downturn in construction spending since the global financial crisis began in 2008. (Kyodo)

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TEPCO asks gov't to help in paying nuclear disaster damages

TOKYO, Japan - Tokyo Electric Power Co. President Masataka Shimizu (L) hands a letter of request to industry minister Banri Kaieda (R) at the prime minister's office in Tokyo on May 10, 2011. TEPCO asked the government to help it pay the enormous costs expected in compensating victims of the nuclear disaster at the Fukushima Daiichi power plant while promising to streamline the company's operations to the utmost extent. (Kyodo)

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Shiseido to consolidate product brands in streamlining drive

TOKYO, Japan - Shiseido Co. President Masahiko Uotani announces in Tokyo on Dec. 17, 2014, a plan to consolidate 28 of some 120 product brands as part of efforts to streamline its business operations. (Kyodo)

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Seiyu to cut 1,600 jobs to streamline operations

TOKYO, Japan - Seiyu Ltd. President Masao Kiuchi speaks at a press conference in Tokyo on Jan. 16. He said the supermarket chain operator it will cut up to 1,600 jobs in its group workforce through a voluntary retirement program in a bid to streamline operations. (Kyodo)

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Tokyu Corp. to streamline group hotel operations

TOKYO, Japan - Flanked by Yozo Inagaki, president of Tokyu Hotel Chain Co., Tokyu Corp. President Shinobu Shimizu (R) speaks at a news conference Dec. 27. The leading railway firm said it will streamline the group's hotel business in a stock-swap deal that will make Tokyu Hotel Chain a wholly owned subsidiary.

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Bank of Japan to close Kitakyushu, Otaru branches

TOKYO, Japan - Photo, taken Oct. 4, shows the Bank of Japan's Kitakyushu branch in Fukuoka Prefecture, which the central bank plans to close along with its Otaru branch in Hokkaido as part of government efforts to streamline the bank's operations. The proposed closures, earmarked for 2001, are the first since the central bank was founded in 1882, and will reduce the number of BOJ main branches in Japan to 31.