Q1 growth likely well below target
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· Niña Myka Pauline Arceo
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Newest first · UTC+11:00Polymarket promo code NYPMAX: Deposit $20, get $20 for NBA Playoffs
The prediction market Polymarket is dishing out a new promo for the NBA Playoffs, with the Polymarket promo code NYPMAX.
· Mike Turay
Beyond FDI – the investment that calls the UAE home | The National
This week, more than a thousand companies will gather in Abu Dhabi for Make it in the Emirates – the most ambitious edition yet, under the theme of “Emerging Stronger”. In recent weeks, the UAE has demonstrated, in real time and under real pressure, what a generation of disciplined nation-building has produced.
· Badr Jafar
Our national energy transition is a rare opportunity to enrich and reward Australian workers
A good national prosperity strategy won’t just replace one industry with another; it will restore confidence across middle Australia along the way
· Thom Woodroofe
Why the RBA is predicted to deliver a third straight interest rate hike this week
While interest rate rises can’t affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bank’s best – and only – tool to fight inflation
· Patrick Commins
SoftBank aims to make data center batteries without lithium, cobalt
SoftBank and South Korean-startup Cosmos Lab plan to make the batteries on the former site of Sharp's LCD plant near Osaka. (Source photos by Nikkei)
· Staff Writer
Finance chief calls for regional cooperation in tackling economic impact from Iran war
SEJONG, May 3 (Yonhap) -- Finance Minister Koo Yun-cheol on Sunday called for strengthening regional cooperation in responding to growing external economic uncertainty from the U.S.-Israeli war against Iran, the finance ministry said.
· Kim Soo-yeon
US DoD, tech giants bid to make armed forces 'AI-first'
The US Department of Defense will integrate artificial intelligence capabilities into its networks with the help of several companies, it announced in a release Friday.
· LEO FEIERBERG BETTER
World may find itself ‘in a very Chinese time’ of data governance
Beijing’s distinct approach to AI development and its digital economy strategy could help overcome the apparently finite nature of human-generated data
· Ran Guo
World may find itself ‘in a very Chinese time’ of data governance
Beijing’s distinct approach to AI development and its digital economy strategy could help overcome the apparently finite nature of human-generated data
· Ran Guo
Budget to prioritise savings over spending amid inflation concerns
Billions in extra revenue generated by high-priced commodities like oil and gas because of the war against Iran will be saved rather than spent as the Albanese government seeks to quell inflationary pressures that are poised to force another interest rate rise from the Reserve Bank.
· Shane Wright
Calls grow to tap MPF for housing as young Hongkongers’ desire to buy homes wanes
Survey finds city’s high flat prices and long-term financial burden of mortgage repayments are driving declining interest
· Ng Kang-chung
Calls grow to tap MPF for housing as young Hongkongers’ desire to buy homes wanes
Survey finds city’s high flat prices and long-term financial burden of mortgage repayments are driving declining interest
· Ng Kang-chung
Opec’s future in question as the UAE builds its own energy system | The National
“I must create a system, or be enslaved by another man’s,” wrote English poet William Blake. Though not enslaved, the UAE was at least constrained by the Organisation of Petroleum Exporting Countries (Opec), which it left as of Friday. The energy world does indeed need a new system.
· Robin Mills
Fallow farms, more coal burning and copper shortages – how this El Nino could affect China
They warn that country’s fragmented farms are less resilient to natural disasters than bigger, more mechanised operations
· Mia Nurmamat
Fallow farms, more coal burning and copper shortages – how this El Nino could affect China
They warn that country’s fragmented farms are less resilient to natural disasters than bigger, more mechanised operations
· Mia Nurmamat
A strategic miss: R&D is Israel's brain - so why does it develop, manufacture abroad? - opinion
R&D generates significant revenue, but manufacturing capabilities are the real backbone and the truly large source of wealth.
· ZURI DABUSH
Connecting neighbors under fire: The story behind Angels of the Shelter
Tamir Cohen’s experience of finding a place to stay at night while hiking the Israel National Trail four years ago, a trail which crosses the country from Kibbutz Dan in the north to Eilat in the south and is 1,100 km. long, gave him the idea for “Angels of the Shelter.”
· JUDY SIEGEL-ITZKOVICH
What’s Iran’s 14-point proposal to end the war? And will Trump accept it?
Iran has offered a new 14-point proposal to the United States in the latest diplomatic step to reach a permanent end to the war, which has exposed the limits of US military dominance and shaken the global economy.
· Priyanka Shankar
Samsung Biologics labor union set to resume talks with management on Monday
Samsung Biologics, the biotech arm of Samsung Group, has agreed to return to the negotiation table this week, a corporate official said.
· Yonhap
Opec+ producers agree to raise output from June | The National
Seven key Opec+ producers, including Saudi Arabia and Russia, agreed on Sunday to adjust oil output and reaffirmed their commitment to maintaining market stability following a virtual meeting to assess global conditions.
· The National
Adnoc bets $55bn on local supply chains to support $150bn capex plan | The National
Abu Dhabi's state energy company Adnoc said it will award Dh200 billion ($55 billion) in project contracts over the next three years, accelerating a construction push that doubles as a strategic bet on the UAE's industrial economy.
· Jennifer Gnana
Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart
Unintended consequence of US president’s actions will be boon for China, the leading renewables manufacturer
· Heatherstewart
Takaichi bound for Australia to strengthen economic, security ties
The Prime Minister’s three-day visit will focus on defence, critical minerals and broader economic security as Japan takes a more assertive military stance
· Bloomberg
Takaichi bound for Australia to strengthen economic, security ties
The Prime Minister’s three-day visit will focus on defence, critical minerals and broader economic security as Japan takes a more assertive military stance
· Bloomberg
A weak dollar can help but also harm
FILE- This Wednesday, June 6, 2018, file photo shows U.S. currently in New York. AP Photo/Ted Shaffrey, File)
· Matt Sedensky
China powers up first green energy project with direct link to data centre
The development in Ningxia is intended to balance AI-driven demand for computing capacity with the drive to cut carbon emissions
· Sylvia Ma
China powers up first green energy project with direct link to data centre
The development in Ningxia is intended to balance AI-driven demand for computing capacity with the drive to cut carbon emissions
· Sylvia Ma
Ant Group’s bank adds stock trading to Alipay app in Hong Kong
Move comes weeks after Ant Group strengthened foothold in city’s brokerage market through acquisition of stake in Bright Smart Securities
· Yulu Ao
Ant Group’s bank adds stock trading to Alipay app in Hong Kong
Move comes weeks after Ant Group strengthened foothold in city’s brokerage market through acquisition of stake in Bright Smart Securities
· Yulu Ao
Latecomer Japan eyes slice of rising global defense spending
TOKYO — Long-pacifist Japan has shed its self-imposed ban on lethal weaponry exports, gunning for a prominent place in the global defense trade — a challenging feat that analysts say could take years to achieve.
· Agence France-Presse
Posco Holdings invests $765m in Australian lithium
Posco Holdings said Sunday it has signed a stake investment deal in Australian lithium mines as it moves to strengthen its raw material supply chain for battery materials.
· Byun Hye-jin
AI is ending era of ‘job immunity’ for young tech workers as it reshapes Israel's job market
Artificial intelligence is shaking up employment and making many employees around the world feel terrified of being made redundant. A study by the Taub Center for Social Policy Studies in Israel has objectively scrutinized how AI is reshaping the composition of the unemployed in Israel.
· JUDY SIEGEL-ITZKOVICH
Half of Korean workers say employment dropped related to AI tech
Just over half of Korean workers said that use of artificial intelligence led to their companies hiring less people than before, but just a small portion of them said AI technology has reduced their personal workload, according to a survey by a civic group on Sunday.
· Yoon Min-sik
‘I’m leaning into it’: The world is in turmoil, but Arjun is still investing
Australians are continuing to chip in to the market with many doubling down on their investments despite global uncertainty, the war in Iran and fuel shortages.
· Millie Muroi
Finance chief says Hong Kong on track for strongest quarterly growth in 5 years
Financial Secretary Paul Chan says GDP growth to accelerate, backed by 17 per cent rise in visitors and 5.2 per cent gain in retail and catering
· Vivian Au
Finance chief says Hong Kong on track for strongest quarterly growth in 5 years
Financial Secretary Paul Chan says GDP growth to accelerate, backed by 17 per cent rise in visitors and 5.2 per cent gain in retail and catering
· Vivian Au
Money & Me: ‘It’s crucial to keep a separate bank account to your husband’ | The National
Naheed Malik had dreamt of being her own boss for years before she finally made it happen. In 2018, she and a colleague left their jobs at Canadian University Dubai to launch The Loop, a communications and PR agency specialising in higher education and service providers.
· Katy Gillett
WA first-home buyers face an ‘incredibly difficult’ time. Will a $2 billion cash splash turn things around?
More than $2 billion is being tipped into housing in Western Australia in a joint state and Commonwealth effort to make it easier for first-home buyers to get into the market.
· Cameron Myles, Michael Philipps
To Lam meets Modi, ASEAN ministerial meeting, Sony's business strategy
Vietnamese President To Lam is expected to meet Indian Prime Minister Narendra Modi during his three-day trip to India this week. (Source photos by Reuters)
· Staff Writer
Samsung Biologics labor union set to resume talks with management on Monday
SEOUL, May 3 (Yonhap) -- Samsung Biologics, the biotech arm of Samsung Group, has agreed to return to the negotiation table this week, a corporate official said.
· Kang Jae-eun
Japan trade show highlights quality-of-life innovations for pets
Based in Tachikawa, western Tokyo, Zero Plus has created PetsEar, earmuffs for dogs and cats that protect their ears from loud noises. (Photo by Hideki Yoshikawa)
· Staff Writer
Why Singapore wealth-tech firms are choosing Hong Kong as their first overseas market
Chocolate Finance joins Syfe and Endowus in targeting the city’s wealthy population and idle savings
· Peggy Ye
Why Singapore wealth-tech firms are choosing Hong Kong as their first overseas market
Chocolate Finance joins Syfe and Endowus in targeting the city’s wealthy population and idle savings
· Peggy Ye
Korean banking veteran named World Bank risk director
The World Bank Group has appointed a South Korean banking veteran as its director of market and counterparty risk, the Finance Ministry said Sunday.
· Im Eun-byel
Foreign picks beat retail nearly threefold
Stocks most heavily bought by foreign investors sharply outperformed the broader market last month, delivering returns nearly three times higher than those favored by retail investors.
· Im Eun-byel
SK Group sees biggest gain in market cap on AI chip rally
Top 10 conglomerates add W1,500tr as SK, Samsung ride chip boom
· Im Eun-byel
Gov't to inject 560 bln won into S. Korean AI startup Upstage
SEOUL, May 3 (Yonhap) -- Financial authorities said Sunday they approved a 560 billion-won (US$380.6 million) investment in Upstage Co., a local artificial intelligence (AI) startup, marking the second direct investment by the Korea National Growth Fund.
· Kang Jae-eun
Fuel costs squeeze Japan's struggling traditional public bath operators
This public bathhouse in Kofu city, Japan, uses fuel oil to heat the water. (Photo by Kentaro Arai)
· Staff Writer
Finance minister declines to comment on yen intervention for now
Finance Minister Satsuki Katayama declined to comment if authorities intervened to support the yen last week, after reports said they had entered the market for the first time since 2024.
· Erica Yokoyama