AFP
19848 articles published since 08 Mar 2022
19848 articles published since 08 Mar 2022
Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.
A high-profile Vietnamese real estate tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages. Many of its real estate projects are in prime locations in central Ho Chi Minh City.
Massive overseas and domestic investments offer Japan a chance to reclaim its tech crown, but to become a convincing alternative to China the country must embrace rapid innovation, experts say. "The traditional corporate culture in Japan tends to be risk-averse and hierarchical, which can stifle the rapid innovation typically seen in the software industry."
One of the largest wooden structures ever built is taking shape in Osaka, but hopes that Expo 2025 will unite the world are being dogged by cost blowouts and a lack of public enthusiasm. Expo 2025 global PR director Sachiko Yoshimura maintained that global participants would be "united" by the event even though there are conflicts in Ukraine, Gaza and elsewhere.
Patek Philippe's chief says he is not anxious about the prospects for top-end timepieces, despite Swiss watch exports slowing overall after three years of spectacular growth. "Right now, I can't think of a market in trouble -- not at the top end, in any case," Stern said.
Asian markets mostly fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks. Analysts said that while reducing interest rates would be a major boost for equities, investor optimism about company profits was crucial.
At a run-down job centre in the suburbs of India's financial capital Mumbai, 27-year-old Mahesh Bhopale dreams of a well-paid government post -- just like millions of other young, unemployed graduates. The International Labour Organization estimates 29 percent of India's young university graduates were unemployed in 2022.
The former Japanese-language translator for Shohei Ohtani was charged with bank fraud on Thursday for allegedly stealing more than $16 million from the Los Angeles Dodgers superstar to pay off gambling debts.
Apple on Thursday promised it would stop a Palestinian flag emoji from being suggested to some iPhone users when they type "Jerusalem" in messages. She pointed out no flag emojis were suggested when an array of other capital cities were typed into iPhone messages.
AFP
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