Rapid gains by the euro against the dollar are worrying a growing number of policymakers at the European Central Bank, raising the chance its asset purchases will be phased out only slowly, three sources familiar with discussions told Reuters. The scheme is due to expire at the end of 2017 but formal talks over its […]
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Euro zone inflation beats estimates and edges closer to ECB's target
Euro zone inflation rose to 1.5 percent year-on-year in August, narrowly beating analyst expectations and edging slightly closer to the European Central Bank’s (ECB) target, according to flash estimates released by Eurostat on Thursday. The European Union’s statistics office projected consumer prices in the euro zone would reach its highest level in four months in […]
Read moreEscalating efforts to repatriate one of the ruling Communist Party’s most wanted exiles, Chinese police have opened an investigation on a new allegation, rape, against New York-based billionaire Guo Wengui, who has been releasing what he calls official secrets ahead of a pivotal party leadership conference. Two Chinese officials with direct knowledge of the investigation […]
Read moreThe United States on Thursday flew some of its most advanced warplanes to South Korea to take part in bombing drills aimed at intimidating North Korea, after Pyongyang fired a midrange ballistic missile over Japan earlier this week, South Korea’s military said. Two U.S. B-1B supersonic bombers and four F-35 stealth fighter jets joined four […]
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Theresa May is in Japan to talk trade — but she can't give Tokyo what it really wants
British Prime Minister Theresa May is in Tokyo this week, actively attempting to assuage fears that Japanese business leaders have on the possible impact of Brexit on their U.K. businesses. But corporate owners don’t necessarily care about the bilateral terms between Japan and Great Britain. Instead, they really want a liberal global trading environment. And […]
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France’s Macron could be about to face his defining moment amid fierce protest and plummeting support
The French government is to unveil final details of proposed labor reforms Thursday in what is seen as a key plank of President Emmanuel Macron‘s political and economic strategy for the next five years but also a highly contentious issue inside the country. The recently-elected president wants to make the labor market more flexible to […]
Read moreLG Electronics launched a phone with a huge 6-inch screen as the South Korean firm tries to take users away from Samsung’s Note series of devices. The LG V30 is the company’s “phablet” device as it looks to take advantage of the trend towards bigger screens. Key specs include: A dual rear camera with 16 […]
Read moreChinese regulators are looking into an antitrust complaint filed against Apple that accuses the tech giant of abusing its market position in the mainland, according to the law firm that filed it. Lin Wei, managing partner at Beijing-based law firm Daxiao, also known as Dare & Sure, said he and his colleagues filed the complaint […]
Read moreMore than half of China’s oil production will be at risk if tensions between North Korea and its North Asia neighbors spirals into conflict, energy consultancy Wood Mackenzie warned. Military action could halt the flow of crude oil imports to South Korea, Japan and China, which together account for 34 percent of seaborne oil trade […]
Read moreAn Amazon Alexa-powered humanoid robot could be wheeling its way to a home near you. Chinese technology firm Qihan launched the Sanbot Nano on Thursday equipped with Amazon’s voice assistant that is featured in its Echo speaker. The 2.7 foot robot will go on sale in October for $2,800, and will be available in English […]
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