TOKYO: Japan’s new economy minister, Ryosei Akazawa, said on Friday that the timing of changes in the Bank of Japan’s monetary policy should be aligned with the government’s broader goal of exiting deflation. “The timing of various monetary policy changes is very important,” Akazawa said in a press conference. “It’s […]
Business
NEW YORK: US dockworkers and port operators reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the US East Coast and Gulf Coast, the two sides said Thursday (Oct 3). The tentative agreement is for a wage hike of around 62 […]
MUMBAI : Companies’ global hiring intentions are expected to hold steady in the fourth quarter of 2024, even though the outlook for the quarter ahead was weaker than the final quarter of 2023, ManpowerGroup’s Employment Outlook Survey showed. The global hiring outlook for the fourth quarter of 2024 was slightly […]
NEW DELHI : Electronic components maker Jabil will set up a manufacturing plant in India’s southern state of Tamil Nadu with an investment of about 20 billion rupees ($238.2 million), the state’s industries minister said on Tuesday. U.S.-based Jabil, a supplier to Apple, will base its plant near the city […]
TOKYO: Japan’s consumer inflation rate likely picked up in July for a third consecutive month, a Reuters poll of 18 economists showed, keeping the central bank on course to consider another rate hike after lifting short-term rates to 0.25 per cent last month. Other data next week is forecast to […]
Switzerland’s Sonova on Tuesday introduced a hearing aid that utilises real-time artificial intelligence to improve speech clarity from background noise, the first such product in the global market. Along with the hearing aid, named Sphere Infinio, Sonova is launching a new Infinio platform. Sonova had said in May it expected […]
TOKYO: Japan’s SoftBank Group is expected to report a modest first-quarter profit on Wednesday but investors are set to hone in on whether the tech investment giant will either announce a major share buyback or flag its willingness to embark on one. The results come amid much market turmoil, particularly […]
The flagship project under China’s Belt and Road Initiative has run into a lack of sustained investment, which analysts said is holding back its progress. GWADAR, Pakistan: The China-Pakistan Economic Corridor (CPEC) was launched to much fanfare almost a decade ago, with US$54 billion worth of infrastructure projects planned. But […]
BEIJING: China’s services activity in May accelerated at the quickest pace in 10 months while staffing levels expanded for the first time since January, a private sector survey showed on Wednesday (Jan 5), pointing to sustained recovery in the second quarter. The Caixin/S&P Global services purchasing managers’ index (PMI) rose […]
NEW YORK: A former Meta engineer on Tuesday accused the company of bias in its handling of content related to the war in Gaza, claiming in a lawsuit that Meta fired him for trying to help fix bugs causing the suppression of Palestinian Instagram posts. Ferras Hamad, a Palestinian-American engineer […]