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Japan's next PM eyes snap election, reports say, as stocks sink
Japan's next PM eyes snap election, reports say, as stocks sink
Economy
by  AFP

Japan's incoming prime minister Shigeru Ishiba is poised to call snap elections for October 27, local media reported Monday, as equities plunge on a strong yen and fears that tax hikes are on the cards. Ishiba is finalising plans to dissolve parliament on October 9 ahead of general elections on October 27, local media reported on Monday.

Tokyo stocks dive on strong yen as Hong Kong, Shanghai extend rally
Tokyo stocks dive on strong yen as Hong Kong, Shanghai extend rally
Economy
by  AFP

Stocks plunged more than four percent in Tokyo on Monday after the yen surged in reaction to Shigeru Ishiba's election last week as the head of Japan's ruling party, which boosted expectations the Bank of Japan will continue hiking interest rates. Among the measures unveiled over the last week were interest rate cuts, easing of how much banks must keep in reserve and softer rules on buying a home.

Britain's last coal-fired power station closes
Britain's last coal-fired power station closes
Economy
by  AFP

The UK's last coal-fired power station will officially close its doors on Monday, making Britain the first G7 country to end its reliance on the fossil fuel to produce electricity. The history of Britain's reliance on coal dates back to 1882, when the world's first coal-fired power station was built in central London. ajb/har/ju/yad