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[ad_1] Japan’s latest growth figures are set to confirm that it slipped in rankings to become the fourth-largest economy in the world last year, a development that reflects the impact of its feeble currency and aging demographics.While the economy is seen returning to annualized growth of 1.2% in the fourth quarter after a bruising contraction in the summer, figures for the calendar year are almost certain to show the value […]

[ad_1] Pyeongtaek, South Korea – Last week, the Japanese government participated in a ceremony commemorating Northern Territories Day.At this annual event, hundreds gather to call for the return of land captured by Soviet forces at the end of World War II. The prime minister has traditionally appeared to deliver remarks on the government’s effort to restore Japanese control of the islands — and this year was no exception. Fumio Kishida […]

[ad_1] SoftBank Group shares surged for a third day on Tuesday, following the explosive rally of its Arm Holdings, the chip designer that has almost doubled in value since making the case last week for how it will benefit from the artificial intelligence (AI) boom.SoftBank’s stock climbed as much as 11% to the highest level since May 2021. SoftBank held onto a stake of about 90% in Arm as it […]

[ad_1] Japan's Nikkei index surged Tuesday, gaining over 1,000 points to briefly trade above 38,000 for the first time in 34 years in a buying spree after a major technology firm revised its profit projections upward. The 225-issue Nikkei Stock Average ended up 1,066.55 points, or 2.89%, from Friday at 37,963.97, its highest close since January 1990. The broader Topix index finished 54.15 points, or 2.12%, higher at 2,612.03, its […]

[ad_1] Japanese startup PorMedTec announced on Tuesday that it has produced three clone piglets that have organs that can be transplanted to humans with less risk of immune rejection, paving the way for future cross-species organ transplants.The piglets, which were born Sunday using cells imported from U.S biotech startup eGenesis, will be provided to medical institutions in Japan for pre-clinical research, the firm said.PorMedTec, a spinoff of Meiji University, imported […]

[ad_1] Washington – A private Houston-based company is set this week to lead a mission to the moon which, if successful, will mark America's first lunar landing since the end of the Apollo era five decades ago.Reputation will be on the line when Intuitive Machines' Nova-C spaceship will launch atop a SpaceX rocket on Wednesday, following recent completed touchdowns by China, India and Japan.So why entrust such tasks to the […]

[ad_1] Dubai – The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping through the Red Sea pose threats to the global economy.The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, said the International Monetary Fund's managing director, Kristalina Georgieva.Its knock-on effects could impact the world the longer the fighting drags on, Georgieva told […]