TOKYO -- Nissan Motor revised its earnings projection upward on Wednesday to a net profit of 60 billion yen ($548 million) for this fiscal year through March 2022, saying it expects to avoid its previously anticipated third consecutive year of net loss.

The Japanese automaker, which announced in May that it would record a net loss of 60 billion yen for the fiscal year, now believes it can mitigate the risks of the global chip crunch on its production. Sales of newly launched models

TOKYO -- Alongside traditional favorites like track and field and gymnastics, the Tokyo Olympics are drawing global attention with new "urban sports," including skateboarding, sports climbing and BMX freestyle.

These sports are especially popular with young people and allow even teenage athletes to find sponsors and travel internationally -- without coaches hovering nearby. They have the potential to reshape the image of sports, whose "win at all costs" ethos and rigid hierarchies are a turnoff for many youth.

"I want to win a gold medal with

TOKYO -- The Tokyo Olympics have finally opened after a long journey filled with controversy, and an unprecedented one-year postponement because of the COVID-19 pandemic.

The proceedings officially began with Friday's opening ceremony at the National Stadium , a mostly subdued affair mixed with joyous moments like a high-tech drone show, and capped by tennis star Naomi Osaka lighting the Olympic cauldron.

We're tracking the latest medal count .

Read our breakdown of the events to watch .

Here are the latest developments:

Nikkei Asia is tracking the spread of the coronavirus that was first detected in the central Chinese city of Wuhan.

Cumulative global cases have reached 195,199,879, according to Johns Hopkins University in Baltimore. The worldwide death toll has hit 4,175,769.

For more information about the spread of COVID-19 and the progress of vaccination around the world, please see our interactive charts and maps.

-- Global coronavirus tracker charts

-- Status of

Ian Bremmer is the president of Eurasia Group and GZERO Media and author of "Us vs. Them: The Failure of Globalism."

The conventional wisdom in the United States was that President Donald Trump was extremely tough on China but suspiciously soft on Russia. Critics charged that his tariff war with China was aggressive to the point of self-defeating. Some also claimed that Trump lived in Russian President Vladimir Putin's pocket, for reasons unknown.

Then, when Joe Biden was elected president, these same pundits predicted the

TOKYO -- Nissan Motor revised its earnings projection upward on Wednesday to a net profit of 60 billion yen ($548 million) for this fiscal year through March 2022, avoiding its previously anticipated third consecutive year of net loss.

The Japanese automaker, which announced in May that it would record a net loss of 60 billion yen for the fiscal year, now believes it can mitigate the risks of the global chip crunch on its production. Sales of newly launched models are also expected to

TOKYO -- The Tokyo Olympics have finally opened after a long journey filled with controversy, and an unprecedented one-year postponement because of the COVID-19 pandemic.

The proceedings officially began with Friday's opening ceremony at the National Stadium , a mostly subdued affair mixed with joyous moments like a high-tech drone show, and capped by tennis star Naomi Osaka lighting the Olympic cauldron.

We're tracking the latest medal count .

Read our breakdown of the events to watch .

Here are the latest developments:

Nikkei Asia is tracking the spread of the coronavirus that was first detected in the central Chinese city of Wuhan.

Cumulative global cases have reached 195,199,879, according to Johns Hopkins University in Baltimore. The worldwide death toll has hit 4,175,769.

For more information about the spread of COVID-19 and the progress of vaccination around the world, please see our interactive charts and maps.

-- Global coronavirus tracker charts

-- Status of

TOKYO -- The Tokyo Olympics have finally opened after a long journey filled with controversy, and an unprecedented one-year postponement because of the COVID-19 pandemic.

The proceedings officially began with Friday's opening ceremony at the National Stadium , a mostly subdued affair mixed with joyous moments like a high-tech drone show, and capped by tennis star Naomi Osaka lighting the Olympic cauldron.

We're tracking the latest medal count .

Read our breakdown of the events to watch .

Here are the latest developments: