AFP
13875 articles published since 08 Mar 2022
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Bank of Japan's 'bazooka' chief Kuroda's record tenure
Bank of Japan governor Haruhiko Kuroda is stepping down after a 10-year tenure defined by his signature "bazooka" of easy money policies, designed to reboot the country's moribund economy. Later that year, Kuroda announced another step -- buying as many or few 10-year government bonds as necessary to ensure their yields remained steady at zero.
Kazuo Ueda nominated next Bank of Japan governor
Economics professor Kazuo Ueda was nominated Tuesday as the Bank of Japan's next governor, tasked with navigating a way forward after a decade of extraordinary monetary easing. Kazuo Momma, executive economist at Mizuho Research and Technologies and a former assistant governor at the Bank of Japan, told AFP that Ueda had "never been hawkish with regard to the BoJ's monetary policy."
Japan GDP rebounds less than expected in fourth quarter
Japan's economy expanded just 0.2 percent in the last quarter of 2022, a smaller rebound than expected despite the long-awaited reopening of the country to tourists, government data showed Tuesday. A new Bank of Japan governor will be nominated later Tuesday, with economics professor Kazuo Ueda widely expected to replace Haruhiko Kuroda after his decade-long tenure ends in April.
Data analytics firm Palantir posts quarterly profit
Secretive data analytics specialist Palantir Technologies on Monday announced its first profitable quarter since the US company was founded nearly 20 years ago. While Palantir's data practices and algorithms are secret, the company claims it follows a roadmap which is, if anything, more ethical than its tech sector rivals.
Ford to build new US electric battery plant with Chinese partner
US auto manufacturer Ford announced Monday that it will build a new $3.5 billion battery plant in Michigan, diversifying its battery offerings with technology from a Chinese company as it boosts electric vehicle production.
App allows Mexicans to reach out after death
Providing a welcome voice from beyond the grave, a Mexican app has been launched to store messages and last wishes for users to share with loved ones after their death. "Mexicans laugh at death, but it's hard for them to talk about it," said Miguel Farrell, the creator of Past Post.
Along underwater highway, workers fix Channel tunnel at night
Deep under the Channel, men in orange jackets and white hard hats drive up and down one of the world's longest underground highways, beavering away to keep passenger trains running. In another part of the tunnel, workers in orange safety jackets pump resin into the sides of the tunnel to avoid any water filtering through.
Russia says gas exports sank in 2022 but oil up
Russia said Monday its gas exports plummeted by 25 percent in 2022 after the Ukraine conflict brought turmoil to Moscow's ties with key buyers in Europe. He said that while gas deliveries to Europe had dropped off sharply, those to new buyers, in particular China, were rising rapidly.
Rising panic over blocked imports in crisis-hit Pakistan
Pakistan business chiefs are clamouring for the cash-strapped government to allow manufacturing materials stuck at the key port of Karachi into the country, warning that a failure to lift a ban on imports will leave millions jobless.
AFP
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