Posts by Riah Stelmack
Tokyo inflation likely exceeded BOJ’s 2% target again in November – Reuters poll
TOKYO (Reuters) – Consumer inflation in Tokyo for November likely surpassed the Bank of Japan’s 2% price target following a reduction in fuel subsidies and with an increase in food costs, a Reuters poll showed on Friday. The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide price trends, was expected to…
Read MoreHow Kenya’s evangelical president has fallen out with churches
William Ruto, who became Kenya’s president two years ago riding on the crest of the Christian vote, has been visibly shaken to find that over the last few months church leaders of all creeds are losing faith in him – seeing him less as a saviour and more as the greedy biblical tax collector. In…
Read MoreClip shows Burmese resistance fighters praying at replica pagoda, not ‘arriving at Golden Rock shrine’
As conflict between the military and various armed groups continues to roil Buddhist-majority Myanmar, a clip of pro-democracy fighters has been shared alongside a false claim they have arrived at a sacred site of worship called the Golden Rock pagoda. But visual clues show the pagoda is just a replica found in the country’s central region…
Read MoreJapan government to approve $140bn stimulus
Japan already has one of the world’s biggest ratios of national debt to output (Richard A. Brooks) Japan’s minority government was expected Friday to approve a $140-billion stimulus drive aimed at putting more money in consumers’ pockets after the ruling party’s worst election result in 15 years. The October 27 contest saw voters — angry…
Read MoreTrudeau plays Santa with seasonal tax break
Canadian Prime Minister Justin Trudeau is playing Father Christmas with a seasonally-timed tax break amid growing frustrations about Canada’s cost of living. The prime minister announced Thursday a two-month limited-time break on sales tax on a set list of goods during the holiday season. The list includes Christmas trees, restaurant meals, toys, alcohol and sweets,…
Read MoreVancouver airport works to move damaged Amazon Air cargo jet
Amazon has dozens of Boeing 767 freighters (pictured) in its private airline that are operated by third-party carriers. One of them couldn’t slow down on landing at Vancouver airport in Canada and went off the runway Tuesday. (Photo: Jim Allen/FreightWaves) Cargo is being offloaded from the Amazon Air freighter aircraft that ran off the north…
Read MoreJapan finds massive rare metals deposit worth $26,290,800,000
[Source] A survey by the University of Tokyo and The Nippon Foundation from April 24 to June 9 has uncovered a vast deposit of rare earth metals worth an estimated $26.3 billion near Minami-Torishima Island. Located 3.5 miles (5,700 meters) below sea level, the deposit contains approximately 230 million tons of manganese nodules rich in…
Read MoreChinese women sport Lululemons, carry Stanley cups to create ‘white woman aesthetic’
Reactions: While the trend has gone viral, some netizens are not too keen about it. One Xiaohongshu user stressed that some Chinese people simply would not be able to live a middle-class American lifestyle, especially workers “with a monthly salary of 8,000 yuan ($1,100) [who] can’t wake up at 6 a.m. for skincare and exercise.”…
Read MoreGunfire breaks out at the home of South Sudan’s former spy chief who is under house arrest
JUBA, South Sudan (AP) — Heavy gunfire erupted late Thursday in South Sudan ’s capital of Juba at the home of the country’s former spy chief who has been under house arrest for the past two months, residents said. According to witnesses, soldiers exchanged fire with Gen. Akol Koor’s security guards in Juba’s high-end neighborhood…
Read MoreCanada’s Trudeau to cut sales tax and send checks to millions of Canadians as election looms
HALIFAX, Nova Scotia (AP) — Canadian Prime Minister Justin Trudeau ‘s government announced plans Thursday to temporarily lift the federal sales tax off a number of items and send checks to millions of Canadians who are dealing with rising costs and as a federal election looms. The measures come as a cost of living crisis…
Read MoreUK and France open bribery and corruption probe into French defense firm Thales
LONDON (AP) — British and French authorities have opened a probe into France-based defense group Thales for suspected bribery and corruption. In a statement Thursday, Britain’s Serious Fraud Office said it hoped the joint probe with France’s Parquet National Financier will further reinforce their cooperation against international corruption. “Working collaboratively with our international partners is…
Read MoreKenya’s president cancels major deals with Adani Group
Kenya’s President William Ruto has cancelled two major deals involving Indian billionaire Gautam Adani, after the tycoon was indicted for fraud by US prosecutors. In his state-of-the-nation address on Thursday, Ruto said the deals had been cancelled based on “new information provided by our investigative agencies and partner nations”. The day before, Mr Adani, India’s…
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