TOKYO : Japan’s government and central bank will act to stop the yen’s decline if it depreciates to the 145 per U.S. dollar level, more than half of economists polled by Reuters said. Market participants closely watch how the government and the Bank of Japan (BOJ) respond to currency moves, […]
Year: 2023
BEIJING : China’s market regulator on Thursday announced a five-month campaign that will ensure platform companies optimise their protocols, to protect the rights of consumers and vendors. The State Administration for Market Regulation said it will supervise and guide platform firms to conduct self-examination, and improve their protocols to overcome […]
SYDNEY: Australian Prime Minister Anthony Albanese said today the government would block the construction of a new Russian embassy near the country’s parliament, citing threats to national security. Russia currently holds the lease for a parcel of land near Parliament House in Australia’s capital Canberra, where it had planned to […]
MELBOURNE : Australia has rolled out a series of grants to critical minerals companies hoping to speed up development of a battery chemical industry and will soon announce details of a national industry strategy, its resources minister said on Thursday. Australia is pushing to reap more value from its mineral […]
US reporter Carl Bernstein has warned that artificial intelligence (AI) is a “huge force” which poses challenges for the future of journalism. Bernstein and his colleague Bob Woodward were the reporters at the heart of the Watergate scandal and the fall of President Nixon in 1972. AI’s rapid take-up has […]
Ukraine’s capital Kyiv has been attacked from the air by Russia for the ninth time this month. One person has been killed and two more wounded in a missile strike on Odesa, a Black Sea port city in the south west, officials say. Blasts were also heard in central regions […]
NEW YORK : Bankers are beefing up risk management, monitoring and emergency procedures around the use of social media after an internet-fueled run toppled Silicon Valley Bank two months ago and sparked turmoil in the industry. In board rooms across the United States, executives are devising programs and plans to […]
LONDON : Japanese businesses have committed to invest almost 18 billion pounds ($23 billion) in Britain ahead of a meeting with Prime Minister Rishi Sunak on Thursday, including funding for offshore wind power and other clean energy projects. Sunak is in Japan for a Group of Seven leaders’ summit and […]
England’s water and sewage companies have apologised for not “acting quickly enough” to tackle sewage spills. They have faced mounting public anger over continued spilling of raw sewage into rivers and seas. In 2022, raw sewage was dumped into rivers and seas for 1.75 million hours – or 825 times […]
HANOI: Vietnam on Thursday raised its average retail electricity price by 3 per cent, the government said, in a move that could put upward pressure on inflation. Annual inflation in the Southeast Asian country has been easing since the beginning of the year, with April consumer prices rising 2.81 per […]