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Ghana
Minority criticizes gov’t over $2.1 bn food imports
The Minority in Parliament has revealed that government, last year, spent 2.1billion dollars to import only eight food crops into the country. Minority spokesperson for Agriculture, Dr. Owusu Afriyie Akoto who made the revelation tells Citi Business News the move is driving local farmers and the agriculture sector in Ghana ...
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Ghana
Ghana likely to re-engage IMF deal over BoG deficit financing
A Deputy Minister of Finance, Mona Quartey has told Citi Business News that Ghana may have to renegotiate its deal with the IMF should Parliament approve a 5% financing of government’s budget deficit. According to her, government is willing to accept the decision of the legislature on financing government’s budget ...
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Giappone
Japan’s biggest bank to launch ATMs that use smartphone validation
The high level of security now available on smartphones has led Bank of Tokyo-Mitsubishi UFJ to plan ATMs that use validation by phone rather than card and PIN, sources said Tuesday. It will be the first major Japanese bank to offer a service that does not require bank cards. While ...
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Giappone
Yahoo sells internet assets to Verizon in $4.8 billion deal
Yahoo sealed a deal Monday to sell its core business to telecom giant Verizon for $4.8 billion, ending a two-decade run as an independent company for the internet pioneer. The agreement announced by the two companies after months of negotiations comes following a years-long decline for the iconic firm that ...
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Giappone
Penny-pinching Japanese households spend less on having fun
Whether it is the young or the old, Japanese consumers are spending less on fun, and that is bad news for Abenomics. With many pensioners on fixed incomes focused on buying the essentials, and a growing number of workers in their 20s and early 30s stuck in low-paying, nonregular jobs, ...
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Giappone Vietnam
As Japan grays, retailers covet youthful masses in Vietnam
These days, Thu Huong no longer shops at the fresh produce market near her home, opting instead to hop in a taxi and head off to Aeon Co.’s 9-month-old mall in Hanoi. There, as she shops for her family of five, she can bask in the air-conditioning and enjoy free ...
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Giappone
Avoid Japan’s hedge funds, SkyBridge chief warns, citing unease over stimulus and debt
As one of the world’s biggest investors in hedge funds, it is Raymond Nolte’s job to find traders who can navigate even the toughest markets. Right now, he trusts nobody to do that in Japan. The chief investment officer of SkyBridge Capital has zero exposure to Japan-focused hedge funds, saying ...
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Giappone
British Columbia slaps 15% tax on foreign buyers of real estate as home prices soar, supply sinks
British Columbia announced Monday it will impose a 15 percent tax on foreigners who buy residential property in Vancouver, a city with a housing shortage and soaring real estate prices. The tax — which will go into effect Aug. 2 — is the latest in a series of measures designed ...
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Giappone
Wyoming, Japanese firms unite in quest for coal
Aiming to develop new export markets for a fuel source hit by declining domestic demand, Wyoming Gov. Matt Mead on Monday signed an agreement calling for cooperation between the state and a consortium of Japanese companies in researching clean-coal technology. Mead signed a memorandum of understanding in Cheyenne with the ...
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Giappone
‘Pokemon Go’ player shoots gunman trying to rob him in Las Vegas park
A gunman and his underage driver tried to rob a group of people playing the popular “Pokemon Go” game, triggering a shootout after one of the players pulled out his own weapon at a Las Vegas park that has become a hot spot for virtual creature hunting. The incident early ...