Outspoken market analyst’s Chinese social media accounts suspended | The Japan Times
All content on the WeChat account of Hong Hao, who is head of research at Bocom International Holdings, has been blocked since late Saturday. …Read the full story
Tag: The Japan Times
Words of warning by Japan finance minister fail to shake off yen’s weakening trend
“But given the dollar/yen’s trend is based on fundamentals and divergence in monetary policy, the market will again test the pair’s upside. …Read the full story
Japan saw record 5400 cannabis offenders in 2021
In a survey of 829 drug offenders of all ages, the agency found that more than 70% believed the drug did not pose any harm or was not that harmful. Meanwhile, the number of all drug offenders in 2021 dropped 217 from the previous year to 13,862. …Read the full story
What happens when Instagram success meets a market meltdown | The Japan Times
He had plenty of other milestones to celebrate, too, including becoming a billionaire thanks to THG’s initial public offering in 2020. The stock fell 78% from its January high after the company failed to convince shareholders that it wasn’t just an e-commerce firm, but also a high-tech software platform. THG is now trading well below […]
U.S. toughens auto-emissions standards once scorned as weak | The Japan Times
The final standards, which govern the release of carbon dioxide from the tailpipes of cars and light trucks, roughly translate into fleet-wide fuel economy values of 55 miles per gallon in model year 2026. The standards also are expected to encourage more electric vehicle sales, hastening an industry shift that is already under way, with […]
With coordinated stockpile release, Biden White House sets oil market precedent | The Japan Times
Biden announced Tuesday that the United States will release 50 million barrels of oil from the U.S. “The consequences could be subtle but pervasive,” said Benjamin Salisbury, an energy policy analyst at Height Capital Markets. While Biden’s decision to use the reserve to lower prices is unusual, it is not unprecedented. share, officials said some […]
COP26 message to business: Clean up to cash in | The Japan Times
The deal announced late Saturday, ending two weeks of fraught negotiations between nearly 200 nations, pushes countries to do much more to curb climate-warming carbon emissions. Adding to the pressure, financial services firms with around $130 trillion in assets have pledged to align their business with the net-zero goal. For the first time, the deal […]
Al Gore warns green-washing may stop the climate fight in its tracks
“There remains a yawning gap between long-term climate goals and near-term action plans” at both the corporate and government levels, the former U.S. At the same time, sustainable investing has “entered the mainstream,” providing even more openings for potential green-washing, said Gore, 73, currently chairman of Generation Investment Management. Generation Investment has just published its […]
Asia’s richest man says ‘no option’ but to make businesses green
Mukesh Ambani, Asia’s richest man, plans to transform each of the units under his refining-to-retail conglomerate to create a sustainable business model as Reliance Industries Ltd. The pivot toward a greener, cleaner version of itself won’t be an easy one for India’s most valuable company, which got about 60% of revenue from its hydrocarbon-fueled energy […]
In El Salvador’s Bitcoin beach town, digital divide slows uptake
PLAYA EL ZONTE, El Salvador – The El Salvadoran beach town of El Zonte is visibly poor, with dirt roads and a faulty drainage system. Take Zulma Rivas. President Nayib Bukele cited Bitcoin Beach as inspiration for his push to adopt the cryptocurrency nationally. She rarely uses bitcoin, she says, because like many in the […]
Tesla killed it on Bitcoin (and also sells cars)
Still, having that gain account for roughly a quarter of the entire net income of a — forgive the repetition — car company might be. At the very least, an investor might put a 10 times multiple on the regular profits but something much lower on the crypto-gain because of higher risk, volatility or so […]
Europe’s Green Revolution? Italy’s spending plans raise doubts
That amounts to 31% of the EU funds, versus the 37% prescribed. Draghi has topped this up with €9 billion of separate government borrowing, but lobbyists point out this money will not be subject to Brussels’ scrutiny and can therefore easily be revoked. Cingolani’s illustrious scientific career has focused on areas such as robotics and […]