Japan utilities rise as PM calls for restarting Nuclear Reactors
Shares of Japanese utility companies have risen. Prime Minister Fumio Kishida called for up to nine nuclear reactors to be brought online this winter. to help avert an energy crisis. Hokkaido Electric Power Co. led the gains on Friday advancing as much as 4.5%. After Kishida told the Ministry of Economy, Trade, and Industry to […]
Pagani to continue releasing V12 Hypercars after scrapping EV plan
Pagani has no plans to make electric cars after conducting a four-year study on whether they would be suitable for the brand. The head of the company, Horacio Pagani, thinks that electric vehicles are too heavy and lack emotion. That most of the energy they use is not produced. He also believes that the climate […]
Bank Indonesia mandate is in the spotlight as lawmakers debate finance law
Indonesian lawmakers are resuming discussions on the financial sector reform bill that risks eroding the autonomy of their central bank. Indonesia has sought to renew its financial sector laws since 2020. Talks stalled due to the pandemic and investor concerns about the central bank’s independence. Since then, Parliament’s finance committee has revived meetings. They have […]
The US and South Korea to Share Data on Crypto Cases
The U.S. and South Korean governments have reportedly agreed to share data on ongoing crypto cases. It includes the case surrounding Terraform Labs CEO Do Kwon and the collapse of the terra cryptocurrency (LUNA) and stablecoin terrausd (UST). The U.S. and South Korea to Share Data on Crypto Research South Korean Justice Minister Han Dong-hoon […]
Apple plans an extreme sports watch with a larger screen and metal case
Apple Inc. plans its largest smartwatch display to date. A larger battery, and a sturdy metal case as part of the upcoming Apple Watch. Apple Watch aims for extreme sports athletes, according to people with knowledge of the plans. The rugged version of the Apple Watch will have a screen. The screen measures 2 inches […]
The Perfect Cheap and Cheerful Motorsport
“The Wacky Races cartoon from the late 1960s featured exciting competition, with characters like Mean Machine piloted by Dick Dastardly and Muttley taking on the mighty Turbo Terrific driven by Peter Perfect.” Infinitely fun and ultimately harmless, it was a tempting yet unrealistic first taste of motorsport for budding petrol heads. But does any real-world […]
Hong Kong stock market sees uncertain future as China grows
Under Chinese rule, Hong Kong’s stock market has more than tripled. That’s still below Shanghai. Hong Kong’s benchmark stock index has earned a total return of more than 230 percent since delivery in July 1997. That compares with 320% of the Shanghai Composite Index and 580% of the S&P 500 Index in the United States. […]
IMF says Sri Lanka deal moves forward and needs guarantees from creditors
IMF says Sri Lanka deal moves forward and needs guarantees from creditors. The International Monetary Fund says, “Significant progress” has been made toward an aid program for Sri Lanka. It requires restoring debt sustainability and financing guarantees from the country’s creditors. It also requires “far-reaching” fiscal reforms. “Monetary, fiscal and other actions by the authorities […]
Virtual Currency is the “largest Ponzi Scheme in Human History”
The chairman of China’s Blockchain Services Network Development Alliance (BSN), Shan Zhiguang insisted. He and his colleague insisted in a recently published op-ed that virtual currency is “the largest Ponzi scheme in human history”. However, they have said that the “value of blockchain technology must not be ignored because of virtual currency.” Opinion piece claims […]
India’s Currency Dove urges slow hikes as rates approach neutrality
A dove of Indian monetary policy signals. It is time to abandon the aggressive pace of increases in borrowing costs. It says the inflation-adjusted real interest rate is approaching neutral ground. As a result, it will reach a level where it can help control inflation without stifling economic growth. Sticking to larger increases instead carries […]