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Crisis-ridden Boeing hopes for quiet annual meeting
Crisis-ridden Boeing hopes for quiet annual meeting
Economy
by  AFP

Boeing's annual meeting on Friday comes amid an exceptionally difficult period for the crisis-ridden company, creating potential for drama at an event that is usually a snooze-fest. The company, under heavy regulatory scrutiny following recent safety and quality control problems, has defeated shareholder proposals at past annual meetings that usually have lasted an hour or less.

China says could buy up commercial housing to boost property market
China says could buy up commercial housing to boost property market
Economy
by  AFP

A top Chinese economic official said Friday the state could buy up commercial real estate in a bid to boost the country's ailing housing market, currently battling an unprecedented debt crisis. And in a bid to boost the ailing market and ensure millions of unused homes go to those in need of housing, Beijing's State Council met Friday, state news agency Xinhua said.

Rapidus 'last opportunity' to put Japan back on global chip map
Rapidus 'last opportunity' to put Japan back on global chip map
Technology
by  AFP

Japan's Rapidus project that brings together some of the world's biggest companies is the "last opportunity" to put the country's once-dominant semiconductor sector back on the global map, its chairman warned. And its success should inspire young engineers to further growth Japan's chip sector, he added.

Putin in trade push on final day of China trip
Putin in trade push on final day of China trip
Economy
by  AFP

Russian leader Vladimir Putin was in the northeastern city of Harbin on Friday, the final day of a visit aiming to promote crucial trade with China and win greater support for his war effort in Ukraine. Putin will hold a press conference with Russian media later in the day.

Chinese officials meet to mull support for developers: Bloomberg
Chinese officials meet to mull support for developers: Bloomberg
Economy
by  AFP

Chinese leaders are meeting Friday with top housing officials to discuss a possible plan for the government to buy millions of unsold homes in a bid to support the struggling property sector, Bloomberg reported. Among those plans could be a scheme by Beijing to have local governments purchase millions of unsold homes across the country, Bloomberg said.