AFP
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Uniqlo owner reports record annual earnings
Uniqlo's parent company Fast Retailing on Thursday announced "a record high performance in fiscal 2024" with domestic profits in Japan boosted by hot summer weather and a tourism boom. Domestic Uniqlo stores maintained a "strategic inventory of core summer ranges through the end of the summer season" and enhanced its marketing initiatives, Fast Retailing said.
China's solar goes from supremacy to oversupply
Strong state support and huge private investment have made China's solar industry a global powerhouse, but it faces new headwinds, from punitive tariffs abroad to a brutal price war at home. The sector's supersonic expansion has overleveraged the domestic industry, overloaded China's grid and sparked a brutal price war, experts say.
Asian markets track Wall St record as Hong Kong, Shanghai stabilise
Asian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers. The gains led a rally across Asia, which came after the Dow and S&P 500 chalked up fresh records on Wall Street thanks to a burst in tech giants including Amazon and Apple.
China's central bank says opens up $70.6 bn in liquidity to boost market
China's central bank boosted support for markets on Thursday as it launched a "swap facility" offering firms access to $70.6 billion in liquidity as Beijing seeks to raise confidence in the country's flagging economy.
'A casino in every kitchen': Brazil's online gambling craze
Fernanda, a cleaner from Rio de Janeiro, lists off the items she sold to feed her online gambling addiction, one of millions of Brazilians caught in a betting craze that has swept the nation. The Brazilian government recently published a list of around 200 betting sites that have been licensed to operate after agreeing to the new regulations.
'Sleeper agent' bots on X fuel US election misinformation, study says
Hundreds of apparent pro-Russian bot accounts on X are pushing US election misinformation and amplifying false narratives about Democratic contender Kamala Harris, a research group said Thursday, calling them "sleeper agents" for having evaded detection for years.
Pharrell Williams to co-chair Met Gala exploring Black dandyism
Singer and designer Pharrell Williams is among the co-chairs of New York's next Met Gala, which will wade into race relations in the context of fashion, the museum announced Wednesday.
Ratan Tata: Indian mogul who built a global powerhouse
Industrialist Ratan Tata, who has died aged 86, was credited with transforming India's Tata Group into a globally renowned conglomerate with a portfolio ranging from software to sports cars.
Indian business titan Ratan Tata dead at 86
Indian industrialist Ratan Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, has died at age 86, the company said late Wednesday.
AFP
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