TOKYO: Japan’s core inflation hit a more than two-year high in May, exceeding the central bank’s 2% target for well over three years, keeping it under pressure to resume interest rate hikes despite economic pressure from U.S. tariffs. The data underscores the challenge the Bank of Japan faces in juggling pressure from persistent food inflation…
BEIJING: Tesla’s first China grid-scale battery storage station using its megapack batteries will be located in Shanghai, local media Yicai reported on Friday. The deal involving an investment of 4 billion yuan ($556.8 million) was signed between the U.S. automaker, China Kangfu International Leasing Co and the Shanghai local government on Friday, according to the…
BEIJING: China’s military criticised on Friday the sailing of a British warship through the Taiwan Strait as a deliberate attempt to “cause trouble”, while Taiwan’s president ordered monitoring stepped up in response to Chinese military activities. China, which views Taiwan as its own territory, though Taipei rejects that claim, has stepped up drills around the…
THE BBC has threatened legal action against Perplexity, accusing the AI startup of training its “default AI model” using BBC content, the Financial Times reported on Friday, making the British broadcaster the latest news organisation to accuse the AI firm of content scraping. The BBC may seek an injunction unless Perplexity stops scraping its content,…
JAKARTA: Indonesia expects to sign a free trade agreement with the Russian-led Eurasian Economic Union (EAEU) this year in a move likely to boost demand for its commodity exports, its senior economic minister said in a statement released on Friday. Coordinating Minister for Economic Affairs Airlangga Hartarto said the agreement would open up new opportunities…
LONDON: A Russian activist who helped collect humanitarian aid for Ukraine and evacuate Ukrainians from the war zone was sentenced on Friday to 22 years in prison by a Moscow military court, the RIA state news agency reported. Nadezhda Rossinskaya, also known as Nadin Geisler, ran a group called “Army of Beauties”, which said it…
LONDON: Britain’s grocery regulator on Friday launched an investigation into Amazon, probing whether the U.S. retail giant breached rules on timely supplier payments over a three-year period. The Groceries Code Adjudicator (GCA) said it suspected Amazon of violating paragraph 5 of the Groceries Supply Code of Practice, which mandates prompt payment to suppliers. “The alleged…
LONDON: Britain’s grocery regulator on Friday launched an investigation into Amazon, probing whether the U.S. retail giant breached rules on timely supplier payments over a three-year period. The Groceries Code Adjudicator (GCA) said it suspected Amazon of violating paragraph 5 of the Groceries Supply Code of Practice, which mandates prompt payment to suppliers. “The alleged…
LONDON: A Russian activist who helped collect humanitarian aid for Ukraine and evacuate Ukrainians from the war zone was sentenced on Friday to 22 years in prison by a Moscow military court, the RIA state news agency reported. Nadezhda Rossinskaya, also known as Nadin Geisler, ran a group called “Army of Beauties”, which said it…
NIAMEY: Several hundred armed men, many on motor-bikes, attacked a Niger army base near the border with Mali, leaving at least 34 soldiers dead and 14 wounded, the Defence Ministry said. The attackers – described as “mercenaries” by the ministry – used eight vehicles and more than 200 motor-bikes in the raid on the base…
