Latest

Weak yen pressures Bank of Japan rate decision
Weak yen pressures Bank of Japan rate decision
Economy
by  AFP

The Bank of Japan was widely expected to keep its ultra-low interest rates unchanged Friday but analysts say the tumbling yen is putting pressure on officials to act. The central bank ditched its negative interest rate policy in March as it announced its first hike in 17 years, giving a brief lift to the yen.

End of the road? Philippine jeepneys face uncertain future
End of the road? Philippine jeepneys face uncertain future
Economy
by  AFP

The first jeepneys rolled onto the streets of the Philippines just after World War II -- noisy, smoke-belching vehicles initially made from leftover US Jeeps that became a national symbol. - 'Spirit of the jeepney' - Teodoro Caparino, who has been driving a jeepney for 35 years, hopes the government will decide to fix existing jeepneys rather than replace them with "Chinese-made vehicles".

Japan anime studio draws on talent of autistic artists
Japan anime studio draws on talent of autistic artists
Technology
by  AFP

Diagnosed with autism, Shoko Sakuma says she struggled working in accounting but now she is putting her childhood love of drawing to work in a special Japanese animation studio. The groundbreaking initiative aims to provide job training and confidence to people with autism who can find it hard to cope in Japan's often high-stress and long-hours work environment.

Snap shares pop after revenue tops expectations
Snap shares pop after revenue tops expectations
Technology
by  AFP

Shares in social media company Snap, which runs the youth-focused Snapchat, soared nearly 25 percent on Thursday after it reported more quarterly revenue than expected by analysts. Snap reported revenue of $1.2 billion compared with $989 million in the same period a year earlier.

Oil: 'Mother of corruption' in Venezuela
Oil: 'Mother of corruption' in Venezuela
Economy
by  AFP

Corruption in Venezuela's oil industry is a many-headed monster that has devoured billions of dollars in taxpayers' money in the past 20 years, experts say. To date, oil-related graft has cost the country tens of billions of dollars, with "very little chance of getting it back," she said.

Microsoft expands its AI empire abroad
Microsoft expands its AI empire abroad
Technology
by  AFP

Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is willing to pay to remain a top player in this crucial market. Since February, Microsoft has unveiled AI investments of $3.4 billion in Germany, $2.1 billion in Spain and $2.9 billion in Japan, over two years.

United by grief, families of Boeing crash victims demand justice
United by grief, families of Boeing crash victims demand justice
Economy
by  AFP

They can't bring back their children, siblings or partners, but five years on, the families of the 2019 Boeing crash victims want to ensure a similar tragedy never happens again. Ike Riffel, who lost his two children in the crash, said he is hopeful that the group of family members can get justice for the victims.

Microsoft, Google earnings shine as AI drives revenue
Microsoft, Google earnings shine as AI drives revenue
Technology
by  AFP

Microsoft and Google on Thursday drubbed quarterly earnings expectations as the tech titans continued investing heavily in artificial intelligence promising to shake up the way people live. In its push, Microsoft has moved beyond OpenAI and signed partnerships with other promising AI startups such as Mistral AI, as well as investing heavily internationally.