Tag: Business
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Japan food self-sufficiency ratio falls to 37%, below 2030 goal of 45%
TOKYO, Aug 7 : Japan’s food self-sufficiency ratio fell to 37 per cent for the fiscal year ended March 31, down 1 per centage point from a year earlier and well below the government’s 45 per cent target for fiscal 2030, the agriculture ministry said on Friday.The ratio, among the lowest of developed economies
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Starlink rival Eutelsat sees revenue growth in 2027 on OneWeb momentum
Aug 7 : Eutelsat said on Friday it expects revenue to increase slightly next year as the French satellite operator seeks to build momentum in its satellite internet business.The company said in a trading update it expected to deliver slight revenue growth in 2027, compared with stable revenue in the previous
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Japan set for third quarter of growth on solid domestic demand: Reuters poll
TOKYO, Aug 7 : Japan’s economy is expected to have expanded for a third straight quarter in April-June, as solid domestic demand and a decline in imports offset headwinds from the Middle East conflict, a Reuters poll showed on Friday.Here are a few details:• Gross domestic product (GDP) in real terms
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Philippine economy posts slowest growth in five years in second quarter
MANILA, Aug 7 : The Philippine economy grew at its weakest annual pace since 2021 in the second quarter due to a slump in construction and softer domestic demand, but the government said there were some signs that activity may improve in the second half of the year.Growth slowed to 2.3 per cent in the…
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ByteDance targets mega AI model nearing Anthropic’s Mythos, FT reports
Aug 7 : ByteDance is training an AI model that could approach the size of Anthropic’s most cutting-edge Mythos system, the Financial Times reported on Friday, citing people with knowledge of the matter.Reuters could not immediately verify the report.
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Japan’s April yen intervention set daily record as pressure persists
TOKYO, Aug 7 : Japanese authorities conducted a record single-day yen-buying intervention in foreign exchange markets in April, selling $40 billion of the country’s currency reserves, as they resumed massive yen-buying operations to stem the yen’s slide.Market participants remain on high alert for further int
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Trump unveils trade actions to compete with China on solar and chips
Polysilicon, the raw material used in semiconductors and solar panels, is primarily produced by China.
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Japan June household spending falls on weather, Iran conflict clouds outlook
TOKYO, Aug 7 : Japanese household spending fell unexpectedly in June, government data showed on Friday, as weather-related factors weighed on outlays, while analysts expect private consumption to be subdued amid sentiment hit by the Middle East conflict. • Consumer spending dropped 3.3 per cent year-on
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James Hardie’s ASX-listed shares near one-year high after earnings forecast upgrade
Aug 7 : James Hardie raised its annual earnings forecast on Friday, citing AZEK acquisition synergies, manufacturing efficiencies and demand in its legacy fiber cement business, sending its Australia-listed shares to a near one-year high. The company also reported a 54 per cent jump in first-quarter adjusted
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Dollar drifts higher as traders eye Iran talks ahead of US jobs data
TOKYO, Aug 7 : The dollar drifted higher against the yen and euro on Friday, building on the previous day’s gains as doubts about an Iran peace deal buffed the U.S. currency’s appeal as a haven.The greenback also drew support from higher Treasury yields after a Financial Times report citing sources close to F
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