BUSINESS

The yen rallied after forecast-topping Tokyo inflation data boosted bets on a Bank of Japan interest rate hike

Yen Rallies On Rate Hike Bets As Equity Markets Swing

The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate cut next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration.
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Chart showing how many minutes per day Australian teenagers spend on most popular social media sites/apps, according to parental control app Qustodio

Australia Passes Landmark Social Media Ban For Under 16s

Australian lawmakers passed landmark rules to ban under 16s from social media on Thursday, approving one of the world's toughest crackdowns on popular sites like Facebook, Instagram and X. The legislation ordering social media firms to take "reasonable steps" to prevent young teens from having accounts was passed in the Senate with 34 votes in favour and 19 against.
US computer chip maker Intel says that teams in Israel have been able to keep its operations running despite the war between that country and Hamas

Intel's $7.86B US Subsidy Restricts Sale Of Chipmaking Unit

Intel revealed that the U.S. government subsidies require it to retain at least 50.1% ownership of Intel Foundry if separated into a private entity, and limit sales to a single shareholder to 35% if the unit becomes public, before running into "change-in-control" provisions.
Supporters of Hezbollah celebrated the truce as a victory, but analysts say the group was severely weakened by its war with Israel

Hezbollah Under Pressure After War With Israel

With its longtime leaders dead, its military capabilities vastly diminished, and its fighters forced to retreat from southern Lebanon, Hezbollah emerges from its war with Israel facing unprecedented challenges.
Analysts say a second round could take place

Namibia Extends Voting After Logistical Issues

Namibians were still voting early Thursday, hours after polls were scheduled to close in a presidential and legislative election set to test the ruling party's 34-year grip on power in the southern African nation.

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