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Ski prices rise but skiers keep coming, for now
Ski prices rise but skiers keep coming, for now
Economy
by  AFP

In the heart of the Austrian Alps, workers at the world's leading ski maker churn out pair after pair for international clients who are undeterred by the sport's snowballing costs. Austrian ski lift operators have also hiked prices this year, in line with other resorts throughout the Alps.

Japan begins on-site inspection to Toyota unit Daihatsu
Japan begins on-site inspection to Toyota unit Daihatsu
Economy
by  AFP

Japanese officials on Thursday started an on-site inspection at the headquarters of Toyota subsidiary Daihatsu, the transport ministry said, after an investigation found it had rigged safety tests and was forced to suspend all shipments of its vehicles.

Asian markets track Wall St losses as traders pause after rally
Asian markets track Wall St losses as traders pause after rally
Economy
by  AFP

Asian markets turned negative Thursday as investors took their foot off the gas after an extended rally fuelled by expectations the Federal Reserve will slash interest rates next year. "An upside surprise in the figures is crucial to bolster the credibility of the Federal Reserve's efforts to push back against market rate cut expectations.

Warner Brothers Discovery explores merger: report
Warner Brothers Discovery explores merger: report
Technology
by  AFP

Warner Brothers Discovery shares slid more than 5 percent Wednesday after reports emerged that the media and entertainment giant is exploring a merger with rival Paramount Global. Warner Brothers Discovery had a market value of about $28.4 billion based on its closing share price Wednesday -- more than double the roughly $10.3 billion valuation of Paramount Global based on its closing share price.