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Author's articles
Financial security, not fine art, helps drive Japan stocks to record high
Before Japan's asset bubble catastrophically burst in the early 1990s, stockbroker Ryuta Otsuka remembers waving a 10,000-yen note to hail a taxi after evenings sipping champagne at high-end Tokyo nightclubs. You couldn't catch one without waving a 10,000-yen note," he told AFP. The bill was worth around $70 back then and now -- although in the 1980s a greenback could buy a lot more than today.
Airbus says Vietjet to buy 20 widebody A330-900 planes
European aviation giant Airbus said Thursday that Vietnamese airline Vietjet Air has agreed to buy 20 of its A330-900 planes. Vietjet signed a memorandum of understanding with Airbus for the widebody aircraft, which will replace its current fleet of leased A330-300 planes, Airbus said in a statement.
Japan's Nikkei breaks bubble-era record
Japan's blue-chip Nikkei 225 on Thursday finally broke through a record high set just before the country's asset bubble catastrophically burst in the early 1990s. Its stock market was hit by global downturns such as the burst of the dot-com bubble in the early 2000s and the 2008-2009 financial crisis.
Massive leak shows Chinese firm hacked foreign govts, activists: analysts
A Chinese tech security firm was able to breach foreign governments, infiltrate social media accounts and hack personal computers, a massive data leak analysed by experts this week has revealed. The leaked data also revealed the fees that hackers could earn, they said -- including $55,000 from breaking into a government ministry in Vietnam.
TSMC diversifies out of hotspot Taiwan with new Japan plant
TSMC diversifies out of hotspot Taiwan with new Japan plant
Asian markets open higher after US tech gains
Asian markets opened mostly up on Thursday, after higher-than-expected earnings from tech giant Nvidia and as investors weigh Fed minutes signalling most US officials are in no rush to cut rates. Investors were looking to the European Central Bank's minutes of its most recent meeting on eurozone monetary policy, to be released later Thursday, for clues on when it could start cutting rates.
In a doughnut in Japan, unlocking the power of the Sun
With its tangle of pipes and pumps leading to a metal pot the size of a five-storey building, Japan's JT-60SA machine looks to the untrained eye like a contraption from 1970s sci-fi.
Qantas says profits down but reputation rebounding
Qantas reported a slide in half-year net profits Thursday but said its reputation had "bounced back" under a new leader after taking a battering since the Covid-19 pandemic. Qantas said its net profit dropped 13.2 percent year-on-year to Aus$869 million (US$570 million) in the six months to December 31.
Nvidia quarterly profit soars on demand for AI chips
Nvidia on Wednesday said its profit soared to $12.3 billion in the recently ended quarter on record high revenue driven by demand for its chips to power artificial intelligence. The Silicon Valley chip titan reported record revenue of $22.1 billion in the quarter than ended late January and record high revenue of $60.9 billion for the fiscal year.
AFP
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