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The Japan Times - Economy (English)
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UN chief due in Turkey for Ukraine grain talks
UN Secretary General Antonio Guterres was due to arrive in Turkey on Thursday to help Russia and Ukraine agree on an elusive deal to allow grain to start flowing across the Black Sea.
Italian becomes first European woman on spacewalk outside ISS
Italian Samantha Cristoforetti became the first European woman astronaut to embark on a spacewalk outside the International Space Station on Thursday, NASA footage showed.
ECB surprises with aggressive rate hike, first since 2011
The European Central Bank on Thursday brought an end to the era of negative interest rates in the eurozone, with a bigger than expected half-point hike as inflation soars and an energy crisis looms.
American Airlines reports profits despite jet fuel cost drag
American Airlines reported a profitable second quarter Thursday as the ebbing of the Covid-19 pandemic resulted in record revenues despite the hit from higher fuel costs.
Mario Draghi: Eurozone saviour felled by Italy's fractious parties
Mario Draghi, credited with helping save the eurozone as head of the European Central Bank, presided over a remarkable period of unity as Italy's premier before falling foul of its notoriously unstable political system.
Italian political turmoil looms over key ECB meeting
The European Central Bank is set to raise its interest rates for the first time in over a decade on Thursday as the collapse of the Italian government added a new dimension to the challenge facing policymakers.
Outdoor workers seek protection as heatwave scorches Europe
The death of a Madrid street sweeper from heatstroke during the heatwave gripping Europe shows the dangers outdoor workers face from extreme temperatures.
Canada Indigenous university helps students reconnect to their language
Signage in Cree that was once forbidden, artwork on the walls, and a teepee on the lawn: in this former state boarding school in Canada, associated for decades with abuse, Indigenous students are reclaiming their language and traditions.
Pope in Canada: why his apology for school abuse will be significant
Indigenous Canadians have been waiting and hoping for years for an apology from the pope for abuses at state schools run by churches in the last century, where some 150,000 Indigenous children were forcibly enrolled.
Sri Lanka's president-elect set to be sworn in
Sri Lanka's six-time prime minister Ranil Wickremesinghe was set to be sworn in as president Thursday, with officials saying he would set up an all-party unity cabinet to confront the country's economic crisis.
ECB faces dilemma as it prepares historic hike
The European Central Bank is set to raise its interest rates for the first time in over a decade on Thursday as fears of a gas supply cut cloud the outlook for the eurozone economy.
Bank of Japan sticks to easing, raises inflation forecast
The Bank of Japan dug its heels in on its easy-money policies Thursday while raising its inflation forecast, even as other countries hike interest rates to tackle soaring prices.
Asian markets fail to extend rally, focus turns to Europe
Asian investors on Thursday struggled to maintain momentum from the previous day's equity rally and keep up with another Wall Street advance as growth fears continue to haunt trading floors and sap risk sentiment.
New AI tool that turns words into art enters testing phase
A million people eager to dabble with a new artificial intelligence tool that lets them create images simply by describing them with words will soon get their wish, its creators said Wednesday.
Europe on tenterhooks over return of Russian gas to Germany
Europe anxiously awaits the return of Russian gas supplies on Thursday at the end of scheduled work on a crucial pipeline, as heavily dependent Germany accuses the Kremlin of using energy as a "weapon".
End of the line: Fed-up Sri Lankans rush for passports
One of the longest queues in the Sri Lankan capital Colombo is for the exit, as thousands of people line up outside the immigration office seeking passports to escape the country's economic crisis.
ADB slashes Asia growth forecast as fuel, food prices rise
The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.
Hit by China shutdown, Tesla boosts auto prices and sells bitcoin
Tesla reported solid quarterly earnings Wednesday despite a hit from Covid-19 lockdowns in Shanghai that Chief Executive Elon Musk said prompted the company to liquidate most of its bitcoin holdings.
United Airlines reports profit but sees higher recession risk
United Airlines reported a profitable second quarter Wednesday as strong travel demand boosted revenues, but signaled plans to rein in plane capacity as carriers confront operational challenges and recession worries.
European stocks retreat, euro dips while US shares rise
European stocks retreated Wednesday as the EU took precautionary measures in the face of reduced Russian gas supplies, but Wall Street extended its rally for a second day.
Tesla profits top estimates despite China production hit
Elon Musk's ambitious electric vehicle company scored about twice the profits in the just-finished quarter as that of the year-ago period.
The complex negotiations to get grain out of Ukraine
Talks are progressing on the opening of sea corridors to allow 20 million tonnes of grain still blocked in Ukraine and the upcoming harvests to be shipped around the world.
Americans in Paris get more bang for their buck as euro slides
As the dollar enjoys near-parity with the euro, Americans returning to Paris in droves after two years of Covid restrictions find that their greenbacks go a much longer way than they used to.
European stocks retreat, euro dips
European stocks retreated Wednesday as the EU took precautionary measures in the face of reduced Russian gas supplies.
US home sales fall again in June as prices hit new record
US home prices hit another new peak in June amid short supply, while existing home sales fell for the fifth straight month amid the ongoing rise in mortgage rates, according to industry data released Wednesday.
South Africa's power cuts take a toll on mental health
You can't do your work because there's no power. You eat late and bolt your food before the lights fail. And then to be at home, in the utter dark, gives you the creeps.
European stocks, euro drop awaiting Russia gas move, ECB
European stocks and the euro retreated Wednesday as the EU took precautionary measures in the face of reduced Russian gas supplies.
Six-time PM Wickremesinghe elected Sri Lanka president
Six-time prime minister Ranil Wickremesinghe was elected as crisis-wracked Sri Lanka's new president by the country's parliament Wednesday, with the backing of the party of the ex-leader -- who fled abroad after his palace was stormed by protesters.
China speeding up approvals for new coal plants: Greenpeace
China has ramped up approvals for new coal power plants this year, Greenpeace said Wednesday, with authorities trying to lower the risk of economically painful electricity shortages.
Sri Lanka begins vote to replace president who fled
Sri Lanka's parliament began voting Wednesday for a president to replace Gotabaya Rajapaksa, who fled abroad after his palace was stormed by angry protesters now bracing for a crackdown from his likely successor.
Rolls-Royce champions energy transition at Farnborough
British aircraft engine maker Rolls-Royce is "championing" the energy transition and the decarbonisation of aviation, its outgoing chief executive Warren East told AFP on Tuesday at the Farnborough airshow.
India's mango man, father of 300 varieties
Every day, Indian octogenarian Kaleem Ullah Khan wakes at dawn, prays, then ambles about a mile to his 120-year-old mango tree, which he has coaxed into producing more than 300 varieties of the beloved fruit over the years.
US House passes bill to protect same-sex marriage
The US House of Representatives passed a bill on Tuesday that would provide federal protection for same-sex marriage amid fears that the Supreme Court could roll back recognition of such unions.
Stocks advance, euro rallies ahead of ECB meeting
Stock markets mostly advanced on Tuesday, while the euro rallied against the dollar as traders looked ahead to a key European Central Bank meeting later this week.
Netflix subscriber numbers drop two quarters in a row
Netflix reported on Tuesday losing subscribers for the second quarter in a row as the streaming giant battles fierce competition and plateauing demand.
Stocks advance, euro rallies
Stock markets mostly advanced on Tuesday, while the euro rallied against the dollar as traders looked ahead to a key European Central Bank meeting later this week.
Airbus tails Boeing in Farnborough jet orders tussle
European planemaker Airbus trailed its fierce US rival Boeing in an orders battle on the second day of the Farnborough airshow on Tuesday, as southern England buckled under a record heatwave.
Court battle opens in Musk, Twitter buyout fight
The high stakes court battle between Elon Musk and Twitter kicked off on Tuesday, as the social media firm tries to force the entrepreneur to honor their $44 billion buyout deal.
French farms use huge fans to keep dairy cows cool
With new record high temperatures being set across France it isn't just humans that are suffering: even cows high in the mountains need fans to get through the heatwave.