Wednesday , November 6 2024

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PM requests Japan’s help for north-south high speed railway

Prime Minister Pham Minh Chinh on Friday requested the Japan Bank for International Cooperation (JBIC) to support Vietnam in building a north-south high speed railway. Receiving JBIC chairman Maeda Tadashi in Hanoi on Friday, Chinh said development of the rail route can be done in multiple parts and lessons learned …

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New Hanoi Chairman sets three breakthrough priorities

Tran Sy Thanh, the new Hanoi People’s Committee Chairman, says he will prioritize breakthroughs in three areas: infrastructure, institutions and human resources. Speaking Friday afternoon after being elected to the position for the 2021-2026 term, Thanh said his first priority would be to modernize and develop quickly and synchronously the …

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Global slowdown fears darken prospects for Asian factories

Global slowdown fears darken prospects for Asian factories

Worries over a global slowdown are casting a shadow over Asia’s recovery prospects with factory activity growth slowing in Japan and Australia. This is keeping pressure on policymakers to support their economies while tightening monetary policy to combat inflation. Japan’s manufacturing activity grew at the slowest pace in 10 months …

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Dollar-strapped Argentina to loosen foreign exchange rules for tourists

Dollar-strapped Argentina to loosen foreign exchange rules for tourists

Argentina will allow foreign tourists to exchange dollars at a significantly higher rate than previously available as the country reckons with depleted foreign currency reserves. “Argentina needs the dollars brought in by tourists,” Minister of Tourism Matias Lammens told journalists on Wednesday before the measure was announced. “Today, due to …

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Snap’s report incinerates $80 billion in ad industry market cap

Snap's report incinerates $80 billion in ad industry market cap

Facebook-owner Meta Platforms, Google-owner Alphabet and other companies that sell online ads lost about $80 billion in combined stock market value. Slammed by a weakening economy, increased competition from TikTok and recent privacy changes on iPhones, the Snapchat owner missed second-quarter revenue targets and warned that “forward-looking visibility remains incredibly …

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