Latest News

Musk heads to France for Macron meeting
Musk heads to France for Macron meeting
Business and Economy
by  AFP

Billionaire Elon Musk is set to meet French President Emmanuel Macron in Paris on Friday for the second time in just over a month, as France aims to curry favour and attract investment from the Tesla boss. Musk and Macron held talks in May and afterwards the maverick boss of Twitter and SpaceX said he was considering big investments in France.

Bank of Japan sticks to ultra-loose monetary policy
Bank of Japan sticks to ultra-loose monetary policy
Business and Economy
by  AFP

The Bank of Japan said Friday it would maintain its long-standing, ultra-loose monetary policy as it looks to boost economic growth. Shigeto Nagai of Oxford Economics said the Bank of Japan did not seem in a hurry to change its ways, "despite recent upside surprises both on the growth and inflation fronts".

Asian markets mostly up as traders eye China stimulus
Asian markets mostly up as traders eye China stimulus
Business and Economy
by  AFP

Hopes China will unveil fresh measures to kickstart its ailing economy lifted most markets Friday, while the dollar struggled to bounce from losses fuelled by bets the Federal Reserve is near the end of its tightening cycle. However, Tokyo struggled on a stronger yen, even as the Bank of Japan on Friday stood pat on its ultra-loose monetary policy.

Top executive quits Nissan in new leadership turmoil
Top executive quits Nissan in new leadership turmoil
Business and Economy
by  AFP

Nissan top executive Ashwani Gupta is leaving the company, the Japanese automaker said Friday, in a surprise departure that will revive concerns about the stability of the firm's leadership. Nissan said Gupta had "elected to leave the company to pursue other opportunities effective June 27", without detailing the reasons for his departure.