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China Premier Li visits Auckland, stirring up hope of new trade
Chinese Premier Li Qiang arrived in New Zealand's northern hub of Auckland on Friday, stirring up hope of new trade avenues among the country's business leaders. The New Zealand China Council -- which represents some of the country's biggest exporters and most influential companies -- was slated to meet with Li on Friday evening.
China elder care sector plugs smart gadgets to fill workforce gaps
With internet-connected sleep monitors, robotic arms and calorie-counting cafeteria plates, China's elder care industry is hoping automation will provide the solution to an ageing population and a shrinking workforce. The turn to high-tech solutions is a stark contrast to the traditional Chinese ideal of ageing at home under the care of family members.
China waits anxiously for economic plan as gloom reigns
Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty balconies emblematic of a slowing economy that has not kept pace with the country's ambitions. The Chinese private sector's once-freewheeling growth has slowed significantly, in part because of crackdowns on companies such as tech giants and tutoring firms.
Asian markets, yen drop ahead of key Bank of Japan decision
Asian markets and the yen weakened against the dollar Friday ahead of a policy decision by the Bank of Japan, while the euro remained under pressure as critical French parliamentary elections approach.
IMF board approves Argentina payout of almost $800 mn
The IMF executive board voted Thursday to approve a payout of almost $800 million for Argentina as it continues a program of drastic economic reforms under its libertarian president, Javier Milei.
Microsoft faces heat from US Congress over cybersecurity
Members of US Congress on Thursday pressed Microsoft to explain a "cascade of avoidable errors" that allowed a Chinese hacking group to breach emails of senior US officials. "The Board finds that this intrusion was preventable and should never have occurred," the review said, pinpointing "the cascade of Microsoft's avoidable errors that allowed this intrusion to succeed."
Argentine monthly inflation lowest in 2.5 years
Monthly inflation in economically troubled Argentina came in at 4.2 percent in May, the lowest in two-and-a-half years, mainly due to a drop in consumption, the INDEC statistics agency said Thursday. Economist Hernan Letcher of the CEPA economics think tank told AFP the inflation drop was explained, in large part, by a "significant fall in consumption."
Bond-buying in focus as Bank of Japan decides policy
The Bank of Japan is expected to hold interest rates steady on Friday but reports said it could gradually reduce its vast hoard of government bonds as it shifts away from a long-running ultra-loose monetary policy. And because reducing government bond purchases is already widely expected, if the BoJ does not decide to do this, the yen will decrease further, he warned.
Boeing to check undelivered 787s due to fastener issue
Boeing said Thursday it is examining fasteners on some undelivered 787 jets after discovering problems with their installation in the latest manufacturing shortcoming to face the company.
AFP
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