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Economy continues to recover moderately; be careful of rising prices due to high resource prices and exchange rates – Chief Cabinet SecretaryTOKYO () – Chief Cabinet Secretary Yoshimasa Hayashi said at a press conference on the morning of the 16th that although the real gross domestic product (GDP) for the January-March period announced that day was negative due to special factors, Regarding the outlook, he said, “A gradual recovery is expected” due to wage increases and other factors. On the other hand, he expressed the view that sufficient attention should be paid to the risk that resource price and exchange rate fluctuations could push up domestic prices through increases in import prices.

TOKYO () - Chief Cabinet Secretary Yoshimasa Hayashi said at a press conference on the morning of the 16th that alt...
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MUFG plans to achieve net income of 1.5 trillion yen this fiscal year, exceeding market expectations[Tokyo 15th ()] – Mitsubishi UFJ Financial Group (8306.T)New Tab

(MUFG) announced on the 15th that its consolidated net profit forecast for the fiscal year ending March 2025 is 1.5 tri...
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U.S. Treasury warns major Austrian banks over trade with Russia, sources familiar with the matterFRANKFURT/VIENNA () – The U.S. Treasury has announced that Austrian banking giant Raiffeisen Bank International (RBI) (RBIV.VI)New Tab

warned that its access to the U.S. financial system could be restricted because of its dealings with Russia. A related ...
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China intensifies intimidation ahead of Taiwan’s new president’s inauguration, military drills near contiguous zoneTAIPEI () – Ahead of the inauguration of Taiwan’s new president, Lai Ching-de, on the 20th of this month, the Chinese military is becoming more active. According to Taiwanese authorities, Chinese military jets and ships have crossed the median line of the Taiwan Strait to infiltrate areas closer to Taiwan and are conducting practical exercises.

TAIPEI () - Ahead of the inauguration of Taiwan's new president, Lai Ching-de, on the 20th of this month, the Chine...
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Alphabet to offer AI search; Gemini performance improved[Mountain View, California, U.S., 14th ] – Google’s holding company Alphabet (GOOGL.O)New Tab

On the 14th, the company announced improvements to its generative artificial intelligence (AI) platform model ``Gemini'...
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Sony may ‘reconsider’ acquisition of US Paramount = report[14th ] – Sony Group (6758.T)New Tab

Sony Pictures Entertainment has acquired US media giant Paramount Global (PARA.O)New Tab is reconsidering its acquis...
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Amazon’s top earner AWS chief to resign[14th ] – Amazon.com (AMZN.O)New Tab

It has been announced that Adam Selipsky, CEO of Amazon Web Services (AWS), will retire on June 3rd after a three-year ...
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NY foreign exchange market = dollar falls, PPI suggests inflation will remain highNEW YORK/LONDON () – The US dollar fell in the New York foreign exchange market late on the day. The April wholesale price index (PPI) announced on the same day rose more than expected. This prompted traders to back off from expectations that the U.S. Federal Reserve would cut interest rates.

NEW YORK/LONDON () - The US dollar fell in the New York foreign exchange market late on the day. The April wholesal...
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Putin’s close aide Patrushev demoted in Russian presidential reshuffleMOSCOW () – The Russian President’s Office announced on the 14th a reshuffle of senior officials in the presidential palace. Nikolai Patrushev, secretary of the National Security Council, who designed security strategies during the Cold War, will be appointed to oversee the shipbuilding industry.

MOSCOW () - The Russian President's Office announced on the 14th a reshuffle of senior officials in the presidentia...
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USTR recommends higher tariffs on China to address ‘unfair’ practicesWASHINGTON () – The U.S. Trade Representative’s representative in Thailand on Wednesday recommended raising tariffs on China to address China’s “unfair” practices.

WASHINGTON () - The U.S. Trade Representative's representative in Thailand on Wednesday recommended raising tariffs...
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