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Bank of Japan hikes interest rate to 17-year high, signals more
The Bank of Japan hiked interest rates on Friday to their highest level in 17 years and signalled more were in the pipeline despite fears of turmoil under US President Donald Trump.
Tax change sows anger on England farms
In a field in southwest England where his dairy cows graze, Adam Stanbury said he feared the government's new farm tax, coupled with existing economic headwinds, will ruin his family business and many others.
Asian markets build on Trump rally, yen steady ahead of BoJ
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.
Climate change cooks up Japanese 'cabbage shock'
Japan's much-loved "tonkatsu" pork cutlets come with a mound of freshly shredded cabbage, but a surge in the price of the humble vegetable has prompted chef Katsumi Shinagawa to skimp on servings. Chef Shinagawa does not want to pass on the price increases to his customers, however.
Trump says will demand interest rates drop 'immediately'
US President Donald Trump said Thursday he would seek to bring interest rates lower by unleashing energy production, and would speak to the Federal Reserve if needed. Trump told reporters in Washington later on Thursday that he would like to see interest rates come down "a lot," adding that lower oil prices should help them to fall.
Saudi crown prince promises Trump $600 bn trade, investment boost
Saudi Crown Prince Mohammed bin Salman promised on Thursday to pile $600 billion into US trade and investments as he congratulated Donald Trump on his return to the White House.
US falling behind on wind power, think tank warns
The United States is falling behind the European Union in the rollout of wind power and risks being overtaken by China, a think tank said Thursday, days after Trump announced a crackdown on new wind projects.
US news giant CNN eyes 200 job cuts, streaming overhaul
US news network CNN will shed six percent of staff, some 200 people, the outlet said Thursday as it embarks on a major shakeup of staffing and programing amid a deluge of political news. In November the storied Associated Press news agency said it would slash almost eight percent of jobs as the US-based wire battles client cancellations and economic headwinds.
Sacklers, Purdue to pay $7.4 bn over opioid crisis: NY state
Several US states have reached a $7.4 billion settlement with the Sackler family and their pharmaceutical company Purdue over the opioid crisis that has ravaged the lives of millions of Americans, officials said Thursday.
AFP
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