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Japan tuna price soars past $270,000 at New Year auction
Japan tuna price soars past $270,000 at New Year auction
by  AFP

The top-selling tuna at Tokyo's traditional New Year auction sold for more than $270,000 on Thursday, nearly double last year's price, breaking a pandemic trend of slumping demand. Last year's top-selling tuna, bought by the same pair of bidders, went for just 16.88 million yen, with observers blaming subdued demand as a Covid wave ripped through Japan in early 2022.

Fed officials do not expect US interest rate cuts this year
Fed officials do not expect US interest rate cuts this year
by  AFP

US central bankers do not expect it will be "appropriate" to start cutting interest rates this year with inflation remaining high, according to minutes of the latest Federal Reserve policy meeting released Wednesday. "No participants anticipated that it would be appropriate to begin reducing the federal funds rate target in 2023," the meeting minutes added.

Stellantis to build electric 'air taxis' with Archer
Stellantis to build electric 'air taxis' with Archer
by  AFP

Global automaker Stellantis will produce electric "air taxis" developed by US aviation company Archer, it announced Wednesday at the major Consumer Electronics Show (CES) in Las Vegas. This time, Stellantis is expected to mass produce Archer's aircraft as the exclusive contract manufacturer in Covington, Georgia, in the eastern United States.

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