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Most Asian markets up as traders weigh China hope, recession fear
Most Asian markets up as traders weigh China hope, recession fear
Business and Economy
by  AFP

Asian markets mostly ticked higher Friday after a rocky week that saw recession fears return to the fore, offsetting growing hope that China's emergence from zero-Covid will help boost the struggling global economy. However, the mood in Asia was more upbeat as traders prepared for an expected boost from China's reopening after three years of painful lockdowns.

Meta says reviewing call to make adult nudity policies more inclusive
Meta says reviewing call to make adult nudity policies more inclusive
Business and Economy
by  AFP

Meta was reviewing a call by its oversight board to make its policies on adult nudity more inclusive, a spokesperson said Thursday, after the tech giant removed two Instagram posts showing transgender and non-binary people with their chests bared. But the board also seized the opportunity to call on Meta, which also owns Facebook, to make its broader policies on adult nudity more inclusive.

Japan inflation hits four percent in December
Japan inflation hits four percent in December
Business and Economy
by  AFP

Japan's consumer prices rose four percent in December from a year earlier, a level not seen since December 1981, fuelled in part by higher energy bills, government data showed Friday. Rises in electricity and gas bills, as well as telecommunication fees and price hikes for a range of processed foods contributed to the December acceleration, the government data showed.

Boeing ordered to face MAX victims' families in US court
Boeing ordered to face MAX victims' families in US court
Business and Economy
by  AFP

A US federal judge on Thursday ordered Boeing to appear in court next week to face family members of those killed in crashes of the 737 MAX who are challenging the aviation giant's prior government settlement. Two crashes of Boeing planes in October 2018 and March 2019 resulted in 346 fatalities and led to a global grounding of the MAX model for more than a year and a half.

Netflix soars to 230 mn subscribers, co-founder steps down
Netflix soars to 230 mn subscribers, co-founder steps down
Business and Economy
by  AFP

US streaming giant Netflix on Thursday said it ended last year with more than 230 million global subscribers, beating analysts' expectations as hits such as "Wednesday" and "Harry & Meghan" enticed new viewers. "2022 was a tough year, with a bumpy start but a brighter finish," the company said in a letter announcing bumper fourth quarter earnings.

NASA, Boeing team up to develop lower-emissions aircraft
NASA, Boeing team up to develop lower-emissions aircraft
Business and Economy
by  AFP

The US space agency NASA is teaming up with aviation giant Boeing to develop a next-generation commercial aircraft that emits less carbon. NASA and Boeing said development of the next-generation plane could help meet the White House and industry's objective of net-zero carbon emissions from aviation by 2050. cl/des

Fed Vice Chair sees high rates 'for some time' to cool prices
Fed Vice Chair sees high rates 'for some time' to cool prices
Business and Economy
by  AFP

Interest rates will need to remain high for some time even as inflation eases, Federal Reserve Vice Chair Lael Brainard said Thursday, vowing the central bank plans to "stay the course" in fighting price increases. "Even with the recent moderation, inflation remains high, and policy will need to be sufficiently restrictive for some time," Brainard said in prepared remarks for an event in Chicago.