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Tech fans Tokyo rally on broadly positive day for Asian markets
A surge in tech firms helped Tokyo's Nikkei lead most Asian equities higher on Friday as investors headed into the weekend on a broadly positive note, with US rate-cut hopes out-muscling concerns about a government shutdown. The advance helped push Tokyo's Nikkei 1.9 percent higher, while there were also gains in Sydney, Singapore, Bangkok, Wellington, Taipei, Jakarta and Manila.
Spain's Benidorm embraces its Franco-era mass tourism model
Fifty years after General Francisco Franco's death, Benidorm still clings to the mass tourism model it pioneered under his dictatorship, even as protests against overtourism sweep other Spanish holiday hotspots. Criticised for decades for its high-rise skyline and dense crowds, in recent years it has been hailed as a model of sustainable tourism.
Cyberattack halts shipments from Japan's biggest brewer
A damaging cyberattack on Japanese beer giant Asahi this week has halted shipments from its breweries and there is no resumption in sight, the company warned Friday, fuelling fears of shortages.
US farmers hit by trade war to get 'substantial' aid: Treasury chief
US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts. "You should expect some news on Tuesday on substantial support for our farmers, especially the soybean farmers," Bessent told CNBC early Thursday.
Boom or bubble: How long can the AI investment craze last?
The staggering investments in artificial intelligence keep coming: Last week, AI chip giant Nvidia announced it would invest $100 billion to help OpenAI, the frontrunner in generative AI, build data centers.
US Treasury chief says 'fully prepared' to support struggling Argentina
US Treasury Secretary Scott Bessent said Thursday that his agency was "fully prepared to do what is necessary" in support of Argentina, a week after revealing both sides were in talks over an economic aid program. Last week, Bessent announced that he was in talks with Buenos Aires on a $20 billion program of support to end a run on the Argentine peso.
Musk joins 'cancel Netflix' campaign
Elon Musk has urged his 227 million social media followers to cancel their Netflix subscriptions, accusing the streaming platform of promoting what he describes as transgender propaganda. In a later post on the issue, Musk encouraged his followers to "Cancel Netflix for the health of your kids."
Tesla car sales lifted by end of US electric auto tax credit
Tesla reported higher global third-quarter auto deliveries on Thursday, joining a broad slate of automakers seeing a surge in electric vehicles ahead of the phaseout of a US tax credit. While the figures did not break down sales by region, automakers saw a jump in US electric vehicle sales due to the September 30 expiration of a tax credit under legislation backed by President Donald Trump.
Germany reviews warship order after delays
Berlin said Friday it was reviewing a major warship order that has faced lengthy delays, as reports suggested a German group might take over the project from a Dutch shipbuilder. The contract for the six warships -- set to be the largest vessels in the German fleet -- was awarded years ago to Dutch group Damen Naval, and is reported to be worth over 10 billion euros ($12 billion).
AFP
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