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Business
This holiday season isn't very merry for U.S. consumers, an AP-NORC poll finds
This holiday season isn’t quite so merry for American shoppers as large shares are dipping into savings, scouring for bargains and feeling like the overall economy is stuck in a rut under President Donald Trump, a new AP-NORC poll finds. The vast majority of U.S. adults say they’ve noticed higher… Read
Nippon Steel to invest ¥6 tril over next 5 years, to upgrade U.S. Steel
Nippon Steel Corp said it aims to invest around $6 trillion yen ($39 billion) over the next five years domestically and globally, including upgrading the facilities of the recently acquired United States Steel Corp. The Japanese steelmaker's new medium- to long-term management plan unveiled Friday underscored its focus on strengthening… Read
Asian shares track U.S. stock market's rise to record highs despite AI bubble worries
Asian shares rose on Friday, tracking Wall Street’s climb to records despite a sell-off for Oracle as worries persisted about a potential bubble in artificial-intelligence technology. U.S. futures were mixed and oil prices advanced. Japan’s Nikkei 225 index climbed 1.4% to 50,836.55, rebounding from the previous session’s losses. Investors remain cautious ahead of next… Read
Pocky recall issued in Japan after customers notice off-the-mark taste caused by unintended smells
Pocky is one of Japan’s all-time favorite snacks. The chocolate-covered biscuit sticks are loved by sweets fans both young and old, and their ubiquitous presence on store shelves and affordable price means that pretty much everyone in Japan is deeply familiar with what Pocky tastes like, so palates have been puzzled… Read
Megabanks to offer up to ¥2 tril in loans to Japan chip venture Rapidus
Japan's three megabanks intend to provide loans of up to around 2 trillion yen to Rapidus Corp as the chip venture seeks to manufacture advanced semiconductors domestically, sources familiar with the matter said Thursday. The loans will be provided to the government-backed company in stages beginning no earlier than fiscal… Read
Chocolate prices high before Christmas despite cocoa fall
After soaring for nearly two years, cocoa prices dropped sharply in 2025. However, chocolate, in demand ahead of the festive holiday season, has seen prices rise. AFP examines the reasons for the divergence and the current state of the cocoa market. West Africa at heart Ivory Coast and Ghana are… Read
U.S. jobless benefit applications jump to 236,000 last week as concerns about labor market persist
The number of Americans applying for unemployment benefits jumped last week, but remain in the same historically healthy range of the past few years despite growing concern over the health of the labor market. U.S. jobless claim applications for the week ending Dec. 6 climbed by 44,000 to 236,000 from… Read
Asian shares mixed after Fed cuts rates, pushing Wall Street near its record
Asian shares were mixed on Thursday after the U.S. stock market again approached its record high following the Federal Reserve’s cut in its main interest rate. U.S. futures and oil prices fell. The Fed's rate cut was widely expected, but comments by Fed Chair Jerome Powell encouraged hopes for more cuts in… Read
U.S. Federal Reserve cuts key rate but signals higher bar for future reductions
The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs. In… Read
China surplus pushing EU to take 'offensive' trade measures: business lobby
China's mammoth trade surplus with Europe as well as challenges faced by foreign firms in the country are incentivizing Brussels to adopt more "offensive" policies, a business lobby warned Wednesday. The report by the European Union Chamber of Commerce in China underscores the turbulence in economic ties between the key… Read
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