Author: Press Room

Japan, declares tourist after tourist, investor after investor, is red hot. The yen is tumbling, the shopping is amazing, the stock market is flying, the sushi is cheap. It is also, perhaps, the only place in the world right now where you can buy a globally successful $20bn company for free.And glorious though that notionally knockdown pricing sounds, it may yet spoil an important element of the party.Like all good tricks, this so-far-hypothetical $20bn great gratis grab takes a bit of setting-up. For a start, to be the lucky buyer you have to be Toyota Motor — global carmaker supreme,…

© Reuters. FILE PHOTO: Chinese Commerce Minister Wang Wentao speaks at a news conference in Beijing, China March 2, 2023. REUTERS/Florence Lo BEIJING (Reuters) -Chinese Commerce Minister Wang Wentao urged Japan to correct its “wrongdoing” of imposing chip export controls, according to a statement from the Chinese commerce ministry on Monday. Wang made the comments during talks with Japanese Trade Minister Yasutoshi Nishimura on May 26 at the Asia-Pacific Economic Cooperation (APEC) conference. Wang was quoted as saying that Japan had ignored China’s strong opposition and opinion within the industry and that its actions “seriously violated” international economic and trade…

© Reuters. FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located in central Sydney, Australia, May 5, 2017. Picture taken May 5, 2017. REUTERS/David Gray/File Photo (Reuters) – Australia’s AMP (OTC:) said on Monday Blair Vernon will take over from Peter Fredricson as its chief financial officer and will dissolve the structure of its local wealth management arm in a bid to simplify its operational model. Shares of the 174-year-old wealth manager traded 1.4% higher as at 0224 GMT, marking their second straight session of gains. The move comes as assets under…

Revolutionary web3 Recycle-to-Earn (R2E) platform ecoterra just introduced a fresh batch of major beverage brands into its ecosystem, including the likes of Coca Cola, Carlsberg and Evian, further boosting the environmentally conscious protocol’s utility.Users of the ecoterra application will be able to scan and recycle bottles from the above-mentioned brands plus a host more like Dr Pepper prior to recycling them via Reverse Vending Machines (RVMs), and be rewarded with cryptocurrency for doing so.The addition of further big-name brands into the ecoterra ecosystem is a major boost to the award-winning project, which is at the forefront of web3’s push to…

Washington leaders responded on Sunday to the bipartisan Fiscal Responsibility Act, a deal reached between House Speaker Kevin McCarthy, R-Calif., and President Biden to evade defaulting on the country’s financial obligations.Both McCarthy and Biden held their posture as long as they could with a looming deadline of June 5, and on Sunday, reached a final agreement with just days to spare.”The Fiscal Responsibility Act does what is responsible for our kids, what is possible in divided government, & what is required by our principles,” McCarthy said on Twitter. “Republican resolve achieved this transformative change to how Washington works.”Senate Republican Leader…

Mike Cannon-Brooks is the cofounder and co-CEO of Australian software company Atlassian. Renee Nowytarger/The Sydney Morning Herald via Getty Images Helietta Holdings—an investment vehicle controlled by Australian tech billionaire Mike Cannon-Brookes’ Grok Ventures—has agreed to acquire the assets of Sun Cable, months after the project that was once touted as the world’s largest solar energy initiative went into liquidation amid shareholder disagreements. The transaction is expected to be completed by end-July this year, Sun Cable’s administrator FTI Consulting, said in a statement on Friday. Financial details weren’t disclosed. The agreement with Helietta concludes months of deliberations led by FTI Consulting…

Stack of old clothes to discard (declutter) or donate. Recycling fabric cotton.getty Picture this: an open room, sunlight pouring through the windows, a place for every object and every object in its place. Serene, isn’t it? What we’re imagining here is not simply an appealing living space; it’s a state of being, a way of life that can offer surprising benefits to both our wallets and our well-being. Fifteen years ago, this weekend, my life changed forever. I was introduced to minimalism by my neighbor. When I woke up that morning, I imagined it would be a typical Saturday cleaning…

Mainland Chinese companies have been moving into premium office areas in Hong Kong’s Central business district, taking over the prime locations left vacant by foreign groups in the wake of the pandemic. ByteDance, the Chinese owner of social media platform TikTok and one of the country’s most valuable tech start-ups, is taking over about 16,000 sq ft of office space in the city’s second-tallest office building this year from Switzerland-based bank Julius Baer, which is moving to a less central location, according to three people with knowledge of the deal. An affiliate of state-owned China National Petroleum Corporation is set…

3/3 © Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo 2/3 By Rae Wee SINGAPORE (Reuters) – The dollar was firm on Monday as economic resilience in the United States raised market expectations for further rate hikes by the Federal Reserve, while news that a debt ceiling deal had been finalised sparked some risk-on sentiment. The greenback notched a fresh six-month high of 140.91 yen in early Asia trade and was headed for a monthly gain of more than 3% against the Japanese currency. The yen’s renewed…

© Reuters. FILE PHOTO: A man walks under an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato By Kevin Buckland TOKYO (Reuters) -Japan’s share average rose on Monday to its highest level since July 1990, buoyed by optimism over a U.S. debt ceiling deal and a weaker yen. Shares of Japanese chip-related companies continued to outperform after AI euphoria lifted Wall Street peers. The Nikkei jumped as high as 31,560.43 within the first 10 minutes of trading, although gains mitigated over the course of the session to see…