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Nuclear power sparks Australian election battle
Nuclear power sparks Australian election battle
Economy
by  AFP

Rich in solar and wind power, and bulging in critical minerals for renewable energy technology, Australia touts itself as a leader in the race to net zero carbon emissions. The row is reminiscent of the "climate wars" -- a years-long political face-off over the need to slash carbon emissions -- that Prime Minister Anthony Albanese vowed to end when he took power three years ago.

Tokyo stocks rise as BoJ holds rates steady
Tokyo stocks rise as BoJ holds rates steady
Economy
by  AFP

Japanese stocks rose Thursday as the central bank kept its key interest rates steady as expected, in thin trade with most Asian markets shut for the May 1 holiday. Several markets were shut in Asia for holidays on Thursday, including in Hong Kong and mainland China.

Bank of Japan holds rates, lowers growth forecasts
Bank of Japan holds rates, lowers growth forecasts
Economy
by  AFP

The Bank of Japan on Thursday left its key interest rate unchanged but revised down its growth forecasts, warning that US trade tariffs are fuelling economic uncertainty. Bank officials began lifting borrowing costs last year after nearly two decades of ultra-loose monetary policies aimed at kickstarting torpid economic growth in Japan.