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Shares in Chinese developer Kaisa plunge as trading resumes
Shares in Chinese developer Kaisa plunge as trading resumes
Business and Economy
by  AFP

Debt-laden Chinese property developer Kaisa's share price hit a record low on Friday as trading resumed following an 11-month trading halt, with the company saying it is in negotiations with creditors. Shares fell as much as 41 percent to a record low of HK$0.5 (about six US cents) on Friday morning, after the trading halt was lifted as a result of the data release.

Bank of Japan leaves policy unchanged as Kuroda bows out
Bank of Japan leaves policy unchanged as Kuroda bows out
Business and Economy
by  AFP

Japan's central bank left its ultra-easy monetary policy unchanged in its last meeting before Governor Haruhiko Kuroda steps down and is replaced by economics professor Kazuo Ueda. Kuroda, 78, will step down at the end of his second term on April 8, after a tenure -- the longest-ever for a Bank of Japan chief -- defined by his signature "bazooka" easy-money policies.

Warnings over AI and toxic beauty myths dog TikTok's Bold Glamour filter
Warnings over AI and toxic beauty myths dog TikTok's Bold Glamour filter
Business and Economy
by  AFP

TikTok's latest sensation is a real-time filter called Bold Glamour that sashays right past debates over toxic beauty standards on social media, going all in on giving users a new face. Quietly released to the app's more than a billion users, Bold Glamour convincingly blends a user's real face with an AI-generated ideal of a supermodel, drawing both laughs and alarm.

Japan parliament approves new central bank chief Ueda
Japan parliament approves new central bank chief Ueda
Business and Economy
by  AFP

Japan's parliament on Friday approved economics professor Kazuo Ueda as the central bank's next governor, after a decade of monetary easing by outgoing chief Haruhiko Kuroda. Ueda told lawmakers last month that he saw the "continuation of monetary easing as appropriate", warning of uncertainty in financial markets and the global economy.