By Tetsushi Kajimoto and Rocky Swift TOKYO (Reuters) – Tokyo sushi stalwart Kyubey is among Japanese retail businesses riding a tourism boom, fuelled by the weak yen and fostering an increase in consumer prices and hopes for a boost to the broader economy. Inbound visitors rose to 2.07 million in June, the Japan National Tourism …
Visitors to Japan top 2 million in June for the first time since COVID Read More »
By Tim Kelly and Sam Nussey TOKYO (Reuters) -Japan needs to rapidly expand computing power as it vies to become a global leader in artificial intelligence, said Hideki Murai, a special AI adviser to Prime Minister Fumio Kishida. “The government’s key priority is computing power. We feel a real sense of crisis about that,” Murai, …
Japan needs computing power surge to stay in AI race, says govt adviser Read More »
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar bounced on Wednesday after inflation in the United Kingdom cooled more than economists expected in June, sending the pound sharply lower against other major currencies. Britain’s rate of inflation was its slowest in over a year at 7.9%, according to data that will ease some …
Dollar gains as pound tumbles on cooling UK inflation Read More »
BEIJING (Reuters) -State-owned Aluminum Corporation of China said on Wednesday that Chairman Liu Jianping has resigned due to a “work adjustment”. The departure, just two years into Liu’s tenure as chairman, comes days after a unit of the company was reported by Bloomberg to have terminated some aluminium contracts amid a government-led investigation into deals …
Chairman of Chinese aluminium giant Chalco resigns after two years Read More »
By by Ella Cao and Kevin Yao BEIJING (Reuters) -China on Wednesday pledged to make the private economy “bigger, better and stronger” with a series of policy measures designed to help private business and bolster the flagging post-pandemic recovery. Weak growth in the world’s second-largest economy has created an urgency to revive the private sector, …
China to increase support for private firms to bolster recovery Read More »
BERLIN (Reuters) – Volkswagen said it remained intent on commissioning an independent audit of its Xinjiang plant in China and was convinced that doing so would provide valuable insight, after some investors and activists criticised the mechanism as ineffective. The United Nations and rights groups estimate that more than a million people, mainly Uyghurs and …
Volkswagen convinced Xinjiang audit will provide insight on human rights situation Read More »
MANILA (Reuters) – A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Wednesday rejected a 267 billion pesos ($4.9 billion) unsolicited offer from a local consortium to operate and upgrade the country’s ageing main international airport. The panel said it preferred to invite bids for the airport modernisation project, which based on the …
Philippines rejects private sector’s $4.9 billion offer to upgrade ageing airport Read More »
By Clare Jim and Xie Yu HONG KONG/SHANGHAI (Reuters) – China state-backed Greenland Holdings has defaulted on a dollar bond worth $432 million due to a missed amortization payment, sources with knowledge of the matter said on Wednesday. The default adds to the debt woes plaguing the Chinese property sector as more liquidity troubles have …
China state-backed developers Greenland, Sino-Ocean in debt payment trouble Read More »
By Maki Shiraki and Daniel Leussink TOKYO (Reuters) -Nissan and Renault will make an announcement in the coming days on their restructured alliance and have finalised the deal, three people familiar with the matter said, capping 10 months of sometimes tense negotiations. The automakers announced a framework agreement in February and had aimed to finalise …
Nissan, Renault ready to announce new alliance deal in days -sources Read More »
SEOUL (Reuters) – South Korea’s finance minister said on Wednesday inflation would likely slow to the mid-2% level in the fourth quarter of this year, while reiterating the government’s stance of no requirement for an extra budget. Minister Choo Kyung-ho said there might be some volatility in agricultural prices in the next couple months, due …
South Korea Finance Minister: no need for extra budget to support flood recovery Read More »
