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Other data next week is expected to show the Tokyo-area consumer price index (CPI) fell again in June as slow consumer demand amid the coronavirus pandemic caused a further easing of prices. The Bank of Japan's quarterly tankan business sentiment survey was expected to show the headline index for big manufacturers' sentiment rose to plus 15 from plus 5 in March, the poll of 16 economists showed. "Large manufacturers are expected to see corporate profits improve as the yen remains on a depreciating trend, and are supported by steadily increasing conditions in exports due to a recovery in overseas economies," analysts at the Japan Research Institute wrote.
Winning three of the last four games isn’t enough with a wounded Nets team on the other side, not when he has his name etched on the last two Most Valuable Player Award trophies before this season.
Asian shares extended losses for the week, U.S. Treasury yields climbed and the greenback hovered near two-month highs on Friday as investors digested comments from the U.S. Federal Reserve projecting rate hikes in 2023. While the Fed messaging indicated no clear end to supportive policy measures such as bond buying, signals of faster-than-expected rate hikes indicated its concern about inflation as the U.S. economy recovers from the COVID-19 pandemic. "What is pretty obvious is that the inflation genie is starting to sneak out of the bottle, and that will be a major driver of interest rates in the short to medium term," said James McGlew, executive director of corporate stockbroking at Argonaut in Perth.
Police in India have summoned Twitter's top official in the country to answer allegations that the U.S. firm did not stop the spread of a video that allegedly spread "hate and enmity", according to an official police notice seen by Reuters. Police in Ghaziabad in northern Uttar Pradesh state this week registered a case after a video shared widely by Twitter users this week showed a few men, apparently Hindu, beating an elderly man believed to be a Muslim and cutting his beard. The controversy comes when India's federal government has locked horns with Twitter over non-compliance with certain federal rules, raising concerns that the platform may no more enjoy protection against user-generated content.
Spotify has purchased a startup called Podz that could make it easier to find new podcasts to listen to on the platform.
Japan's top medical experts warned on Friday that holding the Olympics during the COVID-19 pandemic could increase infections, and said banning all spectators was the least risky option, setting up a possible collision with organisers.The report, led by top health adviser Shigeru Omi, was released after Tokyo 2020's organising committee chief told the Sankei newspaper she wanted to allow up to 10,000 spectators at stadiums for the global sport extravaganza.
Bank of Japan announces its decision to hold steady on monetary policy
(Bloomberg) -- Bank of America Corp. expects all its vaccinated employees to return to the office after Labor Day in early September, and will then focus on plans to bring back unvaccinated workers. BlackRock Inc. will allow only fully-vaccinated workers to come back to work starting next month.Taiwan continues its effort to procure vaccines, with the government authorizing chip giant TSMC and the foundation of Foxconn founder Terry Gou to negotiate for 10 million doses. The U.S. will invest $3.
Samoa's incumbent prime minister suffered a setback in his bid to retain power Friday when a court disqualified one of his party's candidates over bribery, further boosting his rival's majority.
(Bloomberg) -- Iron ore, one of the hottest commodities in the early days of the raw materials rally, has now become the most volatile as bulls and bears joust over the trajectory of prices.In a series of wild swings, the ore that fuels China’s vast steel industry surged to a record, collapsed into a bear market and then returned to a bull market in the space of about a month. Its gyrations in the past 30 days mark the mineral as the most volatile of the two dozen most traded commodities around
Corporate bond markets show optimism riding high
Clive Palmer has predicted he will win his High Court battle with the state of Western Australia, claiming he has been subjected to "layers of persecution" that threaten the rule of law.The full bench has reserved its decision and will reconvene on Tuesday, having concluded a four-day hearing in Canberra.
The Hamilton creator’s stage-musical-turned-movie is, in body and soul, a celebration of community
The Malaysian high court has granted AirAsia X Bhd a nine-month extension on a restraining order which prevents creditors from filing any legal proceedings against it, the airline said in a stock exchange filing. The filing on Thursday said the extension runs nine months from the day of the announcement. The court had granted a restraining order in March for three months, as the budget airline undergoes a restructuring of its 64.15 billion ringgit ($15.5 billion) debt.
Writer-creator Annie Weisman fictionalises her own eating disorder struggles in a show that is let down by its flimsy storylines
The comedian and actor reins himself in for this Netflix dramedy, which is nicely heartfelt and restrained once you get past the projectile vomit gags
It’s Hayek who tries valiantly to hold together the seams of a film that almost immediately starts unravelling
A solar panels installer has been fined $300,000 after a harnessed apprentice fell to his death through a warehouse skylight at a job in the Hunter region.Jaryd Hayter began working as an electrical apprentice for PV Solar Pro Pty Ltd only one week before he fell at the site at Tomago on August 23, 2018The 19-year-old suffered multiple skull fractures indicating severe traumatic head injury and his life support was withdrawn on September 5.
Vietnam introduced national guidelines on social media behaviour on Friday which encourage people to post positive content about the Southeast Asian country and require state employees to report "conflicting information" to their superiors. The code prohibits posts which violate the law and "affect the interests of the state" and applies to state organisations, social media companies, and all their users in Vietnam. "Social media users are encouraged to promote the beauty of Vietnam's scenery, people and culture, and spread good stories about good people," reads the code, which was contained in a decision from the information ministry and dated June 17.
A woman on TikTok has shared the awkward moment when she arrived at a wedding wearing an identical dress to the bridal party. Read more.