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Success of Pokemon GO adds impetus for change at Nintendo

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Success of Pokemon GO adds impetus for change at Nintendo The phenomenal success of   Pokemon GO   and the surge in Nintendo Co's market value by $17 billion in just over a week has been seized upon by one of its most vocal investors to press for a change of strategy at the company. Until Pokemon GO, a mobile game, was launched just over a week ago,   Nintendo had taken every opportunity to say its main focus was still gaming consoles, and games for smartphones were just a means to lure more people to them. But the success of Pokemon GO - unforseen even by its creators - has shown the potential for augmented reality and for Nintendo to capitalise on a line-up of popular characters ranging from Zelda to Super Mario. Seth Fischer, founder and chief investment officer at Oasis Management, is one of Asia's best known hedge fund managers and has long been a small but loud shareholder. Encouraged by the success of mobile games like "Candy Crush", he has campaign...

Two-day G7 summit starts in Japan

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Two-day G7 summit starts in Japan A two-day Group of Seven (G7) summit started at Ise-Shima in Japan on Thursday. The meeting is being attended by   G7   country heads – US President Barack Obama, French President Francois Hollande, German Chancellor Angela Merkel, Canadian Prime Minister Justin Trudeau, Italian Prime Minister Matteo Renzi and Japanese Prime Minister Shinzo Abe, public broadcaster NHK reported. Abe is chairing the summit. The group will first visit Ise Jingu, a huge shrine of Japan's Shintoism. The leaders are expected to discuss the values of the   Japan G7 , solidarity and the global economy. Other subjects will be discussed at five subsequent sessions, including how to sustain global economic growth, the response to terrorism, the refugee crisis and climate change. The leaders will aim to clearly express their solidarity on policy in their summit declaration on Friday.