Microsoft to invest $1.7 billion in cloud, AI in Indonesia, CEO says
Microsoft will invest .7 billion over the next four years in expanding cloud services and artificial intelligence in Indonesia, including building data centers.
japan
Yen gains on US dollar
The Japanese Yen is having one of its best weeks in history against the US Dollar, with the USDJPY pair dropping from roughly 160.00 to 153.00 due to interventions. The US Dollar Index is holding around 105.00, and there is speculation on how long the effects of the interventions will last. Japanese companies are facing issues due to the weak Yen, and tourism is boosting local inflation. The US Jobs Report data for April is expected to influence the market on Friday. The rate differential between the US and Japan is not likely to sustain the JPY appreciation.
North , ‘should drive on the right’
Cars in the north should drive on the right hand side of the road, as stated by ‘parliament speaker’ Zorlu Tore.
OECD upgrades global growth outlook as US outperforms
The global economy is growing faster than expected, with the US activity being resilient and inflation converging quickly with central banks’ targets, according to the OECD.
Digital Taxation around the World
Digital Taxation around the World | Tax Foundation Skip to content taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policies, a significant number of countries adopted unilateral tax measures targeted at digital businesses, … Read more
G7 agree deal to quit coal by 2035, but with caveat
Energy ministers from the G7 countries have agreed to end the use of coal in power generation by the first half of the 2030s. However, there is a caveat that allows for flexibility based on each country’s net-zero pathways. Germany and Japan, which heavily rely on coal-fired power plants, have been given room for manoeuvre. The agreement on coal aligns with the goal set at the COP28 climate summit to phase out fossil fuels. Additionally, the G7 countries recognize the need to reduce Russian energy revenues to support Ukraine but did not reach a common position on potential sanctions on Russian LNG.
Eyes on Eurozone inflation and GDP
The text discusses market updates including GDP data for the Euro area and Germany, US economic docket, US Dollar performance, US Treasury bond yield, Japan’s intervention in foreign exchange markets, EURUSD gains and losses, Retail Sales data from Germany, Private Sector Credit and Retail Sales data from Australia, PMI data from China, AUDUSD performance, GBPUSD performance, and Gold price movements.
Babies take part in ‘Nakizumo’ or baby crying sumo contest at Sensoji temple in Tokyo
Babies participate in a traditional Japanese ritual called ‘Nakizumo’ at Sensoji temple in Tokyo, Japan, where amateur sumo wrestlers hold them up and a referee tries to make them cry by making faces and loud noises. The winner is determined based on the loudest baby. This ritual is believed to promote the healthy growth of the children and protect them from evil spirits.
Lefkara event celebrates Hi Tek fashion
– Showcase celebrating Cypriot fashion artist Hi Tek Alexander on May 1 at MOLA Culture Factory in Lefkara.
– Event will also feature clothes of Polish-Canadian designer Magdalena Sokolowska.
– Alexander Tasou, creator of Hi Tek Designs, started his project in the early 80s, bringing industrial design and surrealism to accessories.
– His designs have been worn by famous artists from the music industry and used in science fiction films.
– Magdalena Sokolowska’s Marmalade clothing line will also be showcased at the event.
Lavish reopening of Retail Village at Nammos Limassol
The opening of the Retail Village at Nammos Limassol took place on April 27, 2024, featuring exclusive DIOR WOMENSWEAR and MENSWEAR, LORO PIANA, LOEWE, and OFF-WHITE boutiques.