Atsushi Mimura, Japan’s new vice finance minister for international affairs, recently spoke to Reuters about Japan’s stance on the yen and its approach to handling exchange rate volatility. Mimura emphasized the importance of market-determined exchange rates while acknowledging the potential negative impacts of excessive volatility on economic and financial stability. Mimura stated that Japan will
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In a groundbreaking move, Bybit, the world’s second-largest cryptocurrency exchange, is set to host a livestream event featuring Web3 experts discussing the integration of blockchain technology into traditional digital platforms. The event, titled “Blinks, AI, Ignition: Bridging Web3 and Web2,” will take place on July 31, 2024, at 10AM UTC. The livestream session will focus
With the increasing need for data center capacity driven by artificial intelligence, cryptocurrency, cloud service providers, and social media companies, the demand for data centers is on the rise. According to Moody’s Ratings, data center capacity will need to more than double by 2028 to meet the growing power consumption. Companies like Digital Realty Trust
The aviation industry, particularly manufacturers like Boeing and Airbus, has been facing significant challenges in ramping up airplane production post-pandemic. Issues such as training new workers have been highlighted as key areas that will take years to rectify. The impact of these struggles extends beyond the manufacturers themselves to airlines and suppliers who are left
Spirit Airlines, a Florida-based carrier known for its budget air travel in the U.S., recently announced a change in its offerings. The airline plans to introduce new ticket packages for its highest-priced tickets, combining perks that were previously offered as add-ons for additional charges. This move comes as Spirit faces challenges such as a blocked
The future of Bitcoin and the mining industry seems to be on an upward trajectory, with H.C. Wainwright expressing optimism following the recent Bitcoin 2024 event in Nashville, Tennessee. The event, attended by over 20,000 individuals, including prominent figures like former U.S. president Donald J. Trump, highlighted the growing support for Bitcoin and the mining
McDonald’s executives recently admitted to facing challenges in recapturing consumer interest, particularly in terms of affordability. In the wake of a challenging second quarter, U.S. President Joe Erlinger emphasized the need for a renewed focus on value meal platforms. The company struggled to convince customers of its affordability, leading to declining same-store sales in key
Vanguard, a prominent asset management company, has recently appointed a new CEO who is looking to revolutionize the customer service experience through the use of artificial intelligence (AI). The new CEO, Salim Ramji, acknowledges the criticism surrounding Vanguard’s customer service and has identified AI as a potential solution to enhance customer satisfaction. Embracing AI for
California’s fiscal 2025 budget has successfully addressed the revenue gap that arose in fiscal 2024, according to a recent report by Fitch Ratings. While this budget has helped the state move towards fiscal balance, further actions will be required to ensure sustainability in the coming years. The budget allows California to maintain its AA/stable issuer
McDonald’s executives recently admitted that customers are finding the company’s prices too expensive, especially for lower-income consumers who have been facing high inflation for quite some time. This realization has come after the company’s second-quarter earnings call, where it was revealed that same-store sales have declined across all divisions. The executives are now taking a