TOKYO: The Bank of Japan must immediately end its negative interest rate policy as it has allowed companies to delay efforts to boost productivity by keeping borrowing costs ultra-low, said ruling party heavyweight Shigeru Ishiba. “It’s an extreme policy that shouldn’t exist in the first place,” Ishiba said of negative […]
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England flyhalf Marcus Smith limped off during a training session on Monday and could be sidelined for their Six Nations opener against Italy at the weekend. With flyhalf Owen Farrell ineligible for selection after signing with French club Racing 92, Smith’s absence would “definitely be a blow,” England attack coach […]
BEIJING : China’s major southern city of Guangzhou fully relaxed home purchase limits for some people on Saturday and said it would increase affordable housing supply, in a move to support the local property market. Properties with a floor area of more than 120 square metres (1,292 square feet) are […]
HONG KONG : Chinese asset managers are lining up for licenses to operate in Dubai, said Ian Johnston, chief executive of the Dubai Financial Services Authority (DFSA), as warming ties between China and the Middle East continue to offer business opportunities. “(Chinese) investment management and asset management firms have been […]
SYDNEY: Taiwanese diplomats today said they were confident of retaining “a strong bond” with key partner Tuvalu as speculation mounted that the Pacific micronation could soon switch its allegiance to Beijing. The dwindling list of countries that officially recognise Taiwan shrunk earlier this month, when Nauru abruptly severed diplomatic ties […]
Thatcher Demko collected his fifth shutout of the season as the host Vancouver Canucks claimed a 2-0 victory over the Chicago Blackhawks on Monday night and moved to top spot in the league standings. While Demko made 31 saves – a dozen of them in the third period – to […]
Bitcoin celebrated its 15th birthday this month by bursting onto Wall Street with an ebullient bang. Now the adolescent asset may have to grow up fast. Investors have embraced 11 U.S. exchange traded funds (ETFs), tracking bitcoin’s spot price, that began trading on Jan. 11 after receiving regulatory approval; after […]
SEOUL: Seoul’s chief of police has been charged with professional negligence over the deadly 2022 Halloween crush that killed nearly 160 people, prosecutors in the South Korean capital said. On October 29, 2022, tens of thousands of people ― mostly in their 20s and 30s ― had been out to […]
SAN FRANCISCO: Microsoft said yesterday that a Russian state-sponsored group hacked into its corporate systems on January 12 and stole some emails and documents from staff accounts. The Russian group was able to access “a very small percentage” of Microsoft corporate email accounts, including members of its senior leadership team […]
WASHINGTON: US President Joe Biden yesterday said he spoke with Israeli Prime Minster Benjamin Netanyahu about possible solutions for creation of an independent state for Palestinians, noting that not all countries have their own militaries. Biden’s call with Netanyahu was the first in nearly a month, the White House said, […]