A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — The US labor market is remarkably strong — unemployment is sitting at five-decade lows […]
Tokyo Reuters — The Bank of Japan (BOJ) maintained ultra-low interest rates on Friday and held off making changes to its controversial bond yield control policy, leaving options open ahead of a leadership transition in April. Though widely expected by most analysts, the decision sent the yen and local bond yields tumbling as some investors […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Reddit investors have been the butt of many jokes over the last few years, […]
London CNN — Credit Suisse can’t catch a break. In the latest piece of troubling news, the beleaguered Swiss bank has delayed the publication of its 2022 annual report following a “late call” from the US Securities and Exchange Commission on Wednesday evening. The SEC got in touch over revisions the bank had previously made […]
Hong Kong CNN — Police in central Japan have arrested three people for taking part in pranks at a sushi conveyor belt restaurant. The acts, which appear to be becoming more commonplace, have been dubbed online as “#sushitero” or “#sushiterrorism” and have affected the financial fortunes of the country’s famous rotating kaiten-style restaurants. Various perpetrators […]
Hong Kong/Seoul CNN — Kakao, one of South Korea’s top internet giants, has doubled down on its quest to take control of SM Entertainment, the iconic K-pop music agency. The tech firm announced Tuesday that it would seek to buy up to 35% of the music label, just days after a previous share sale between […]
CNN — Nearly 200 countries have agreed to a legally-binding “high seas treaty” to protect marine life in international waters, which cover around half of the planet’s surface, but have long been essentially lawless. The agreement was signed on Saturday evening after two weeks of negotiations at the United Nations headquarters in New York ended […]
Hong Kong CNN — China’s outgoing Premier Li Keqiang has announced the country’s lowest GDP growth target in decades, highlighting the domestic and global challenges the world’s second largest economy still faces despite its decision late last year to ditch draconian anti-Covid measures. Li set a target of about 5% growth for 2023 during the […]
Hong Kong CNN — A Chinese city says it has destroyed a billion pieces of personal data collected during the pandemic, as local governments gradually dismantle their coronavirus surveillance and tracking systems after abandoning the country’s controversial zero-Covid policy. Wuxi, a manufacturing hub on China’s eastern coast and home to 7.5 million people, held a […]
Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Hong Kong CNN — The US Department of Energy’s assessment that Covid-19 most likely emerged due to a laboratory […]