Tag: Business
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Japan moves toward first-ever consumption tax cut, adds to fiscal strain
TOKYO, June 17 : Japan is moving toward temporarily cutting its consumption tax on food to 1 per cent in what would be the first effective reduction of its kind, further straining its already worsening finances. The proposal, presented by a senior executive of the ruling Liberal Democratic Party (LDP) to a ke
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Analysis:BOJ deputy’s brief moment at the helm reveals deeper inflation anxiety
TOKYO, June 17 : When the Bank of Japan’s second-in-charge stepped in for his sick boss at this week’s historic policy meeting, he delivered a surprisingly blunt message: The bank was in danger of falling behind the curve on inflation.Deputy Governor Shinichi Uchida, a career central banker seen as among pros
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China securities regulator warns against speculating on ‘tech hype’ and using AI for stock picking
China’s top securities regulator warned that authorities will crack down on market behavior that rides the coattails of technology themes to hype stock prices.
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Uzbek president pledges continued reforms, tax-free zone at Tashkent forum
TASHKENT, June 17 : Uzbekistan’s President Shavkat Mirziyoyev promised on Wednesday to continue economic reforms in the fast-growing Central Asian country, including establishing an independent financial regulator.”We are always open to investors interested in cooperating with Uzbekistan and ready for an equa
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Telegram challenging Indian government order that temporarily blocks its use, report says
NEW DELHI, June 17 : Messaging app Telegram has filed a petition in court challenging an Indian government order that has temporarily blocked use of the platform in an effort to prevent exam fraud, legal website Bar and Bench reported on Wednesday.The blocking of the app, which began on Tuesday and will run u
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Toyota shareholders back Toyoda as chairman and new CEO Kon at annual meeting
TOYOTA CITY, Japan, June 17 : Toyota Motor shareholders re-elected Akio Toyoda as chairman and backed new CEO Kenta Kon as a board member on Tuesday, endorsing the automaker’s leadership at the first annual meeting held during Kon’s tenure.Shareholders also approved the re-election of four other directors.
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Italian mother takes on Meta, TikTok after daughter’s death
ASTI, Italy, June 17 : In the span of just a few months, Irene Roggero Ugues watched her daughter Rossella’s behaviour change as social media fed her an increasing stream of self-harm content, before the 12-year-old died by suicide.Only after Rossella’s death did Irene and her husband unlock her devices. They
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Bank of Korea vows to respond until inflation eases towards target
SEOUL, June 17 : The governor of the Bank of Korea on Wednesday vowed to adjust policy to curb inflation, as the central bank said price pressures were expected to keep inflation above its target through next year, even with progress toward ending the U.S. war with Iran.”We will actively respond until we are
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Philippines’ Globe Telecom moves ahead with Mynt IPO-related filings
June 17 : Philippines-based communications firm Globe Telecom said on Wednesday its board approved two filings related to the proposed initial public offering of its e-wallet unit Mynt with the Securities and Exchange Commission and the local stock exchange. Here are some more details:• Globe Telecom
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Vietnam maintains 2026 GDP target despite trade deficit, inflation pressure
HANOI, June 17 : Vietnam will stick to its economic growth target of 10 per cent this year, despite a widening trade deficit and other challenges, a deputy finance minister said on Wednesday. The Southeast Asian country’s trade deficit is estimated to have hit $15 billion in the first half of this year, Nguye
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