Yusuke Mitsumoto had a hunch: what if you paid people instantly for their used goods over the internet, with no guarantee that they would hand them over.
The 36 year-old e-commerce entrepreneur launched an app in June to test the idea. It worked better than he imagined; after 16 hours, he was stunned to discover he was on the hook for 360 million yen ($3.2 million) and shut the service down. A day later, truckloads of clothes and electronics gadgets started to arrive, with his startup’s employees forming a bucket line to move packages into his company’s tiny office in Tokyo.
Chef Nobu Matsuhisa is the culinary world’s Madonna — he’s most widely known by his first name only. After emigrating to the U.S. from Japan in the late ’70s, Nobu built a high-end sushi empire that’s unparalleled; it now encompasses more than three dozen restaurants across the globe, from Malibu to Manila, Beijing to Budapest.
Nobu began his career as a restaurateur in Peru, where he first established the Japanese fusion cuisine that he’s become known for worldwide. But it wasn’t until he moved to L.A. and opened up his eponymous restaurant, Matsuhisa, in 1987 that he struck culinary gold: It quickly became a celebrity hot spot and attracted the attention of silver-screen legend Robert De Niro, who would go on to become one of Nobu’s business partners.
North Korea has vowed to exact “thousands-fold” revenge against the US after the UN imposed new sanctions in response to the regime’s recent tests of intercontinental ballistic missiles.
In a statement carried by the official KCNA news agency, the regime said the sanctions were a “violent violation of our sovereignty” and part of a “heinous plot to isolate and stifle” the country.
On Saturday the UN security council unanimously backed new sanctions that could slash the regime’s $3bn in annual export revenue by a third. The measures target key export revenue earners such as coal, iron, lead and seafood – but not oil.