Japan’s central bank raises interest rates to highest level since 1995
Bank of Japan hikes benchmark rate to 1 percent, continuing shift away from decades of ultra-low borrowing costs.
Category Archives: Economy
US stock market jumps as US-Iran deal stirs hopes for end to energy turmoil
Benchmark S&P 500 rises 1.7 percent, while tech-heavy Nasdaq jumps 3.1 percent.
Stock markets soar, oil falls as US, Iran confirm deal to end war
Asian stock markets surge as Washington and Tehran announce agreement to end hostilities and reopen Strait of Hormuz.
South Korea fines Coupang $408m over biggest data leak in country’s history
Data protection watchdog says e-commerce giant failed to implement safety measures and delayed reporting breach.
OpenAI says China-based actors stoking opposition to AI data centres
AI company says ChatGPT accounts sought to 'exploit and amplify existing public concerns' about energy prices.
Indonesia’s rupiah falls to record low against US dollar
Currency plunge comes as energy shock from the Iran war casts a cloud over Southeast Asian economies.
South Korea’s SK Hynix enters exclusive $1 trillion club
Chipmaker becomes second South Korean company in history to hit milestone.
Starbucks’ Korean sales fall after backlash to ‘Tank Day’ ad campaign
Coffee chain has seen 'very significant' drop in sales after campaign that evoked crackdown, local operator says.
Oil prices fall amid mixed signals on US-Iran peace deal
Japan's stock market surges to record high on hopes of an end to US-Israel war on Iran.
Malaysia orders TikTok to address ‘defamatory’ content about king
Watchdog instructs social media giant to strengthen moderation following circulation of 'grossly offensive' content.
Prices surge, jobs disappear as war strains Iran’s economy
New Supreme Leader Mojtaba Khamenei says the country must defeat its enemies in an economic and cultural struggle, as we
A 42bn-euro dilemma: What is stopping EU from holding Israel to account?
Trade, history, internal rifts: Inside European deadlock over suspending lucrative association agreement with Israel.
Why oil prices aren’t what you think – and what it means for global supply
Growing gap between physical and on-paper oil prices points to more serious energy shock than appreciated, analysts say.
Social media making young people less happy, report finds
Heavy social media use has contributed to 'worrying decline' in wellbeing in Western countries, report says.
Epstein urged media mogul to give up control of affairs, citing health
Late sex offender urged US-Canadian billionaire Mortimer Zuckerman to enter guardianship or conservatorship, files show.
Stock markets surge after US lawmakers move to end government shutdown
US Senate vote to end shutdown delivers reprieve to investors worried about AI valuations and weakness in US economy.
Will millions of low-income Americans lose food stamps during shutdown?
About 42 million people rely on SNAP benefits but now face reductions or losing access altogether.
US-China now in a ‘very different kind of trade war’, experts warn
China's recent expanded export restrictions on rare-earth metals was a 'power play' before Trump-Xi meeting.
How does China’s K visa work and can it compete with the H-1B?
China is rolling out a new visa aimed at foreign talent in STEM just as the US is tightening eligibility for the H-1B.
YouTube to pay $24.5m to settle lawsuit over Trump’s account suspension
Video platform settles lawsuit filed in response to Trump's suspension over the January 6, 2021, riot at US Capitol.