By Kaori Kaneko and Satoshi Sugiyama TOKYO (Reuters) -Japan’s inflation-adjusted real wages rose in June for the first time in more than two years as nominal pay gained at the fastest pace in ne[...]
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August 5, 2024
Japan plans record hike in minimum wage, NHK reports
TOKYO (Reuters) -A panel at the Japanese labour ministry has decided to raise the national average minimum wage by about 5% to 1,054 yen ($6.85) per hour this fiscal year, the biggest ever jump, publi[...]
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Japan June household spending falls 1.4% year on year
TOKYO (Reuters) – Japanese consumer spending fell more than expected in June, government data showed on Tuesday. Consumer spending contracted 1.4% in June from a year earlier, worse than the med[...]
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Fed policymakers signal rate cuts ahead, but not recession
By Lindsay Dunsmuir and Ann Saphir (Reuters) – U.S. central bank policymakers pushed back on Monday against the notion that weaker-than-expected July jobs data means the economy is in recessiona[...]
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Boeing, Spirit AeroSystems execs to testify at NTSB hearing on MAX 9 emergency
By David Shepardson WASHINGTON (Reuters) -The National Transportation Safety Board said a number of Boeing and Spirit AeroSystems executives will testify at a two-day hearing starting Tuesday on the m[...]
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Yum China says CFO to step down; KFC, Pizza Hut provide earnings boost
(Reuters) -Yum China said on Monday finance chief Andy Yeung was stepping down after nearly five years in the role and that its quarterly earnings were boosted by strong performance at its KFC and Piz[...]
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Resurgent yen brings high-flying Japan Inc back to earth
By Sam Nussey and Daniel Leussink TOKYO (Reuters) -A resurgent yen helped bring Japanese stocks crashing back to earth on Monday, leaving investors scrambling to gauge the potentially diminished outlo[...]
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Lucid gets up to $1.5 billion in funding ahead of electric SUV rollout
By Akash Sriram and Abhirup Roy (Reuters) -Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject up to $1.5 billion in cash, as the electric vehi[...]
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US judge describes how Google built and defended illegal search monopoly
(Reuters) – U.S. District Judge Amit Mehta on Monday ruled that Google had violated antitrust law by spending billions of dollars to secure exclusive agreements with developers, carriers and equ[...]
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