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19879 articles published since 08 Mar 2022

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Yen strengthens on reports Ueda picked as Bank of Japan chief
Yen strengthens on reports Ueda picked as Bank of Japan chief
Business and Economy

Japan's government plans to nominate economics professor Kazuo Ueda as Bank of Japan governor, reports said Friday, an unexpected pick that sent the yen rallying against the dollar. Reports in Japanese media including the Nikkei business daily and public broadcaster NHK said the government plans to nominate Ueda, a former BoJ policy board member, as governor.

UK skirts recession with zero fourth-quarter growth
UK skirts recession with zero fourth-quarter growth
Business and Economy

Britain's economy avoided recession after flatlining in the last three months of 2022, but finance minister Jeremy Hunt warned Friday it was "not out of the woods yet" over surging inflation. "We are not out the woods yet, particularly when it comes to inflation," Hunt said, but also noted that "our economy is more resilient than many feared".

EU prepares response to new US green subsidy plan
EU prepares response to new US green subsidy plan
Business and Economy

Confronted by competition from Washington's vast green tech investment plan, European leaders opened the way Friday towards a relaxation of their own restrictions on state aid. European capitals fear the US subsidies for clean tech will lure investment across the Atlantic, and torpedo the bloc's recovery plans.

Texas, other US states mull ban on Chinese buying land
Texas, other US states mull ban on Chinese buying land
Business and Economy

The US state of Texas is considering barring Chinese citizens from buying property on national security grounds -- and as tensions with Beijing rise other states may follow suit. The state legislature, citing national security concerns, passed a law that barred any project linked to the governments of China or the other three nations from connecting to the grid.

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