Tag: Business
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Japan’s wholesale inflation hits 3-year high as fuel costs, weak yen bite
TOKYO, July 10 : Japan’s wholesale inflation accelerated in June at the fastest pace in more than three years as firms aggressively passed on rising costs from the Middle East conflict, data showed on Friday, bolstering the case for further interest rate hikes.The data came in the wake of a Bank of Japan repo
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Japan will explore ways to encourage GPIF to boost domestic investment, minister says
(Corrects date to Friday, not Thursday, in first paragraph)By Makiko Yamazaki and Leika KiharaTOKYO, July 10 : Japanese Finance Minister Satsuki Katayama said on Friday the government wants to explore ways to encourage pension funds, including the Government Pension Investment Fund (GPIF), to increase
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Fast Retailing shares slide in Tokyo after Uniqlo operator’s results, yen warning
TOKYO, July 10 : Shares in the Japanese owner of clothing brand Uniqlo slid sharply on Friday after the company raised its profit forecast but warned about the impact of the weak yen.Fast Retailing slid as much as 5.1 per cent in early Tokyo trading. After the bell on Thursday, the company announced it was…
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OpenAI’s AGI deployment chief Fidji Simo to step down after medical leave
July 9 : OpenAI’s CEO of AGI deployment Fidji Simo said on Thursday she will step down from her full-time role and pivot to a part-time advisory position at the ChatGPT maker, following an extended medical leave for a neuroimmune condition.”Three months ago, I had to go on medical leave after a severe exacerb
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Japan’s wholesale prices spike in July on higher energy costs, weak yen
TOKYO, July 10 : Japan’s wholesale prices in June surged 7.1 per cent from a year earlier, accelerating from the previous month in a sign of mounting inflationary pressure from the energy shock caused by the Middle East conflict.The rise in the producer price index was faster than the median market forecast f
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Pioneering aviator and astronaut trainee Wally Funk dead at 87
July 9 : Wally Funk, the trailblazing aviator who became the oldest person to fly to space some 60 years after first undergoing astronaut training with 12 other American women at the dawn of the Space Age, has died in Texas at age 87.Her death was announced in a statement posted on Thursday to social…
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Japan will not convey in advance preference on BOJ policy, minister says
TOKYO, July 10 : Japan’s government would never convey in advance its preference on how the central bank should set interest rates, Economy Minister Minoru Kiuchi said on Friday, brushing aside market concern over political interference in monetary policy.Concerns that dovish premier Sanae Takaich’s administr
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OpenAI unveils long-awaited “super app” as rivalry with Anthropic intensifies
July 9 : OpenAI showcased a new AI agent on Thursday meant to help white-collar workers access the power of coding tools without the sticker shock. The agent, called ChatGPT Work, combines OpenAI’s popular chatbot with its AI coding tool, Codex, to create documents, presentations and websites, the company sa
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OpenAI’s AGI deployment chief Fidji Simo to step down
(Corrects Fidji Simo’s designation in headline and paragraph 1)July 9 : OpenAI’s CEO of AGI deployment Fidji Simo said on Thursday she will step down from her full-time role and transition to a part-time advisory position at the ChatGPT maker after an extended medical leave.”Three months ago, I had to
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Australia’s NEXTDC signs $1.6 billion senior debt facilities to fund expansion
July 10 : Australian data center operator NEXTDC said on Friday it had signed new senior debt facilities of A$2.3 billion ($1.60 billion) to support capital expenditure required for recent customer contract wins and ongoing data center developments.• The new facilities mark an A$500 million increase to the
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