Japan's New Finance Minister Says Will Closely Watch Impact of Yen Moves on Corporate, Household Activity
By Megumi FujikawaTOKYO--?The Japanese government's focus when responding to moves in the yen will be based on how it affects people's lives and economic activity, the country's new finance minister has said. "We need to take necessary measures while closely watching the effects [of currency moves] on people's lives and economic activities, rather than responding to the foreign-exchange market itself," Katsunobu Kato said in an interview with Dow Jones Newswires and other media on Monday. The yen has swung wildly against the dollar in the past months due to speculation over the course of monetary policies in the U.S. and Japan, plus uncertainties over the global economic outlook. The dollar stood at 162 yen in early July and was last trading around 148.50 yen Monday. Write to Megumi Fujikawa at megumi.fujikawa@wsj.com(END) Dow Jones Newswires10-06-24 2350ET
Source:Wall Street Journal
October 07, 2024 03:56 UTC
Freed Russian arms dealer Bout back in weapons business, WSJ reports
FILE PHOTO: Suspected Russian arms dealer Bout is escorted by DEA officers after arriving in New York(Reuters) - Viktor Bout, the Russian arms dealer who was jailed in the United States and then swapped two years ago for the U.S. basketball star Brittney Griner, is back in international arms trade, the Wall Street Journal reported on Sunday. The potential arms transfers are yet to be delivered, the WSJ reported. Bout was one of the world's most wanted men prior to his 2008 arrest in Thailand on multiple charges related to arms trafficking. For almost two decades, Bout was one of the world's most notorious arms dealer, selling weaponry to rogue states, rebel groups and murderous warlords in Africa, Asia and South America. His notoriety was such that his life helped inspire a Hollywood film, 2005's Lord of War, starring Nicolas Cage as Yuri Orlov, an arms dealer loosely based on Bout.
Source:Wall Street Journal
October 07, 2024 03:45 UTC
Video: Polls show where Harris and Trump stand in swing states weeks before the election
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Source:CNN
October 07, 2024 03:31 UTC
Activist Starboard takes $1B stake in Pfizer - WSJ
Activist investor Starboard Value has taken a ~$1 billion stake in Pfizer (NYSE:PFE) and is pushing the company to make changes. Starboard has reached out to two former Pfizer (NYSE:PFE) executives, Ian Read and Frank D'Amelio, to help the activist in
Source:Wall Street Journal
October 07, 2024 03:03 UTC
Amazon and TikTok emerge in search advertising business, Google's market share on the verge of falling below 50%
Oct 07, 2024 11:33:00Amazon and TikTok emerge in search advertising business, Google's market share on the verge of falling below 50%Google has dominated the $300 billion (approximately 46 trillion yen) search advertising market for over 10 years, securing a share of more than 50%. However, with the growth of Amazon and TikTok, it has become clear that Google's share is on the verge of falling below 50%. On the other hand, Amazon is expanding its market share, which was only 10% in 2018, but is expected to exceed 20% in 2023 and reach 24.2% in 2025. It has been pointed out that Amazon's advertising business has become a revenue source that exceeds that of AWS and Amazon Prime. Jeremy Cornfield, president of marketing firm Tinuiti, told The Wall Street Journal that TikTok's return on ad spend can sometimes rival that of Google.
Source:Wall Street Journal
October 07, 2024 02:47 UTC
Chinese hacker group 'Salt Typhoon' may have infiltrated law enforcement agencies' wiretapping systems via ISPs
Oct 07, 2024 11:05:00Chinese hacker group 'Salt Typhoon' may have infiltrated law enforcement agencies' wiretapping systems via ISPsThe Wall Street Journal has reported that Salt Typhoon, a nation-state threat actor backed by the Chinese government, may have infiltrated a U.S. internet service provider (ISP) and accessed communications interception systems used by law enforcement agencies for legitimate investigations. According to sources, Salt Typhoon may have had access not only to investigative systems but also to more general internet traffic. Verizon Communications, AT&T and Lumen Technologies were named among the ISPs affected by the breach. Generally, companies are required to promptly report and disclose any significant cyberattacks to financial regulators, but 'there are cases where they are exempt from disclosure for national security reasons,' The Wall Street Journal noted. It was unclear at the time of writing whether systems supporting the monitoring of foreign intelligence activities were also exposed to Salt Typhoon attacks.
Source:Wall Street Journal
October 07, 2024 02:10 UTC
Look! New York Times suddenly discovers Trump’s extensive ‘cognitive decline’
Throughout Donald Trump’s presidency, the New York Times faced relentless charges of selling out for access journalism — minimizing the administration’s ineptitude and cruelty in order to maintain favored status among national media companies. He voices outlandish claims that seem to be made up out of whole cloth.”In an explanatory Sunday piece on Trump’s cognitive decline, reporters Peter Baker and Dylan Freedman — should we read anything into Maggie Haberman’s byline not being on this report? — finally compile what millions of voters already have witnessed: The mental degradation of Trump:According to a computer analysis by The New York Times, Mr. Trump’s rally speeches now last an average of 82 minutes, compared with 45 minutes in 2016. Mr. Trump frequently reaches to the past for his frame of reference, often to the 1980s and 1990s, when he was in his tabloid-fueled heyday. Interestingly, in Sunday’s piece, the Times calls Trump’s condition a “cognitive change,” while the story’s URL says it’s “cognitive decline.” Even in this instance, it’s likely a telling hedge.
Source:New York Times
October 07, 2024 01:15 UTC
Kamala Harris Helped Save Teamsters’ Pensions. She Still Couldn’t Get Their Endorsement.
But two days after the meeting with Harris, Teamsters President Sean O’Brien announced that the 1.3 million-member union would not be backing Harris or Trump. O’Brien also gave Trump a lift by releasing internal polls showing members preferred the former Republican president over Harris. “The Biden-Harris administration carried out their promise to solve the Teamsters’ pension problems. AdvertisementShe said the Teamsters shouldn’t be beholden to Harris or Democrats just because they bailed out the pension funds. O’Brien himself is a trustee of the New England Teamsters Pension Plan.
Source:Huffington Post
October 07, 2024 00:43 UTC
Man Finds Baby's Urn Inside Recovered Stolen Truck
After a neighbor’s surveillance camera caught someone driving off with the truck, Ervin first filed a police report before deciding to hunt the vehicle down on his own. I had to start ... investigating myself because I didn’t want to lose my truck,” Ervin told Fox 5 Vegas. Probably about 10 people that might have been victimized during the time that [thieves] had my truck,” Ervin told Fox 5 Vegas. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone. AdvertisementBelin told Fox 5 Vegas she will continue to work to find the baby’s family.
Source:Huffington Post
October 07, 2024 00:21 UTC
Toilet Paper Panic Is Happening in the US, but Here’s Why New England Shouldn’t Worry
Could people from New Hampshire and all of New England really, be heading towards another toilet paper shortage? Almost all of our toilet paper comes from here in the U.S., Canada and Mexico, so no boats are involved, according to cnn.com. Maine Port StrikeHave you heard of the Port Strike? 90% of all toilet paper comes from here in the U.S.A. I just couldn't wrap my head around the fact that we might not have toilet paper.
Source:CNN
October 07, 2024 00:10 UTC