Business Recorder

BOJ’s net income falls due to higher interest payments on reserves

TOKYO: The Bank of Japan saw net income fall in fiscal 2025 as rising interest rates boosted payments made on excess reserves parked with the central bank, its earnings data showed on Wednesday. Since exiting a decade-long, massive stimulus progra…

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Business Recorder

Israel says killed new chief of Hamas armed wing in Gaza strike

JERUSALEM: Israel said on Wednesday it had killed the new head of Hamas’s armed wing in Gaza, Mohammed Odeh, after killing his predecessor earlier this month despite an ongoing ceasefire. Israeli Defence Minister Israel Katz said the “commander of…

#Israel

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North Korea tests AI-guided missiles and artillery rockets designed for modern warfare, KCNA says

SEOUL: North Korea has tested a mix of tactical ballistic missiles, artillery rockets and AI-guided precision cruise missiles designed for modern warfare under leader Kim Jong Un’s supervision, KCNA state news agency said on Wednesday. Having adva…

#NorthKorea #MissileTest

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Samsung plans $1.5 billion chip testing plant in Vietnam, document shows

HANOI: Samsung Electronics plans to invest 39 trillion dong ($1.5 billion) in Vietnam to build a semiconductor testing plant, its proposal document showed, an expansion that will help ease a global shortage of memory chips driven by surging AI dem…

#Samsung #Vietnam

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New Zealand central bank holds rates steady in tight vote, warns hikes to come sooner

WELLINGTON: New Zealand’s central bank held rates steady on Wednesday, but a split vote underscored a knife-edge decision, as policymakers warned rates will need to rise sooner and by more than expected to counter an energy shock rippling through …

#NewZealand #CentralBank #Economy

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New Zealand dollar rallies as RBNZ comes close to hiking

SYDNEY: The New Zealand dollar bounced on Wednesday after the country’s central bank came unexpectedly close to lifting interest rates, while its Australian peer dipped as data showed headline consumer price inflation slowed in April. The Reserve …

#NewZealand #RBNZ

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Oil pulls back as traders look for progress on US-Iran talks

BEIJING: Oil prices pulled back from recent highs on Wednesday, erasing some of the previous day’s 4% gain as traders sought clarity on complex negotiations between Iran and the US after renewed hostilities set back efforts to reopen the Strait of…

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Copper hits near two-week high, aluminium hovers around four-year peak

London copper prices rose to a near two-week high on Wednesday, as lower oil prices eased fears of inflation and slowing economic growth, while aluminum hovered near its highest level in more than four years on supply concerns. Three-month copper …

Business Recorder

Sevastopol governor says Ukraine used Storm Shadow missiles in attack

Air defence units in the port of Sevastopol in Russian-occupied Crimea downed over 20 Ukrainian drones early on Wednesday, with Ukraine also using Storm Shadow missiles, the city’s governor said on Telegram. There were no injuries according to pre…

#Sevastopol #UkraineWar

Business Recorder

Growing food economy with shared kitchens

The evolution of the global food industry is moving away from the traditional high street restaurant to a more efficient, shared infrastructure. Around the world, restaurants are increasingly replacing expensive dining rooms with the shared kitche…

#FoodEconomy #EconomicVision