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Uniqlo parent company to boost Japan wages up to 40%
Uniqlo parent company to boost Japan wages up to 40%
Business and Economy
by  AFP

Uniqlo's parent company said Wednesday it would raise the wages of thousands of its employees in Japan by up to 40 percent to help it become more competitive globally. The salary bump will apply to around 8,400 full-time employees out of the 56,000 working for parent company Fast Retailing in Japan.

Asian markets rise again on recovery hope as inflation data looms
Asian markets rise again on recovery hope as inflation data looms
Business and Economy
by  AFP

Asian equities pushed higher Wednesday as investors were buoyed by China's reopening and optimism that key data due this week will signal a further slowdown in US inflation. "Although we are not pitching a tent in that camp just yet, many investors are starting to believe China's reopening could be faster than expected on pent-up demand, a robust economic rebound and fewer supply constraints."

France pushes forward with plan to speed up renewables
France pushes forward with plan to speed up renewables
Business and Economy
by  AFP

French MPs on Tuesday moved ahead with a law to accelerate the deployment of renewable energy, as the country's nuclear plants suffer a maintenance crisis and Russia's invasion of Ukraine drives up energy costs. Russia's invasion of Ukraine at the same time as the nuclear power crisis has upped the pressure to boost alternative sources of energy.

Canadian mining giant says nearing deal on huge Panama pit
Canadian mining giant says nearing deal on huge Panama pit
Business and Economy
by  AFP

The Canadian mining giant First Quantum Minerals said Tuesday it is close to an agreement with Panama to avert the closure of Central America's largest copper mine. First Quantum, one of the largest copper miners in the world, began commercial copper production at the site in 2019, through its local affiliate, Minera Panama.