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Giappone
How $5-a-night hostels led to Japan’s first $1 billion startup
In 2012, Shintaro Yamada was 34 years old, single and frustrated with his job. So he quit a comfortable position in Tokyo and set out to see the world. He made a point of traveling on the cheap and mixing with the locals. He stayed at $5-a-night hostels without hot ...
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Giappone
BOJ policymakers in heated debate over negative interest rate: minutes
Bank of Japan policymakers were aware of the need for pre-emptive action to achieve an inflation target, but some voiced concern a negative interest rate could cause confusion, minutes of the central bank’s January policy meeting show. The Jan. 28-29 meeting of the nine-member Policy Board came amid turbulence in ...
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Giappone
Tokyo stocks drop for fourth day as yen rapidly rises
Stocks extended their losing streak to a fourth session on the Tokyo Stock Exchange on Friday, dragged down by a wave of selling due to the yen’s rapid appreciation against the dollar. The 225-issue Nikkei average dropped 211.57 points, or 1.25 percent, to end at 16,724.81. On Thursday, the key ...
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Giappone
First EV without a battery unveiled in Aichi
Toyohashi University of Technology and Taisei Corp. unveiled Friday what they say is the world’s first electric vehicle that runs without a battery, using special tires that draw power from an electrified road surface. In a driving test at the school in Toyohashi, Aichi Prefecture, a small electric vehicle moved ...
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Giappone
Seven regional banks to invest in new asset management firm
Seven regional banks will jointly acquire a stake in an asset management company set up in August by Tokai Tokyo Financial Holdings Inc., informed sources said Friday. The move will help the banks achieve greater economies of scale in asset management at a time when they are facing an increasingly ...
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Giappone
Power sales fell for 10th straight month in February
Electricity sales by the nation’s 10 major power suppliers in February dropped 1.7 percent year on year to 72,893 million kilowatt-hours, down for the 10th consecutive month, an industry group said Friday. The decrease reflects a fall in demand for electricity for heating following a warmer than usual winter, according ...
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Giappone
Japan finalizes 11% solar incentive cut, maintains wind tariff
The nation finalized an 11 percent cut to the incentive it offers to producers of solar power for the fiscal year starting April 1 to take account of lower system costs. The rate for solar projects with 10 kilowatts of capacity or larger was reduced to ¥24 per kilowatt hour ...
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Francia
Uber France condamné pour « pratique commerciale trompeuse »
L’entreprise avait proposé comme du covoiturage une offre payante de transport de personnes, UberPop.
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Indonesia
Big Indonesia investment-rules changes to take effect soon
JAKARTA — Major easing of foreign investment restrictions that Indonesia announced last month as a "big bang" liberalisation should become effective by the end of March, a senior official said on Friday.
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Kuwait
Kuwait's foreign trade surplus shrinks 68% in Q4
Country's surplus falls to $3.5bn in fourth quarter of 2015 as low oil prices slash export revenues