Business articles

Bank of Japan slashes annual inflation forecasts

The Bank of Japan on Thursday slashed its annual inflation forecast and once again delayed its timetable for hitting a two percent target as the economy struggles to gain traction despite years of stimulus.

Japan trade balance returns to surplus in June

Japan logged a trade surplus of nearly $4 billion in June, rebounding from a deficit the previous month, but its politically sensitive surplus with the United States slipped, government data showed Thursday.

US seeks to smooth trade relations with China in talks

After riding a wave of anti-trade feeling to the White House, the Trump administration is taking a more traditional approach to resolving issues with China: a formal structure of talks that makes gradual, sometimes glacial progress.

Microsoft cloud to help Baidu self-driving car effort

Microsoft’s cloud computing platform will be used outside China for collaboration by members of a self-driving car alliance formed by Chinese internet search giant Baidu, the companies announced on Tuesday.

Natural disasters less devastating in 2017: Munich Re

Natural catastrophes worldwide were less devastating in the first half of 2017 than the average over the past 10 years, reinsurer Munich Re said Tuesday, while highlighting the role of climate change in severe US storms.

UK inflation slowed to 2.6% in June

Britain’s annual inflation rate surprisingly slowed to 2.6 percent in June, mainly owing to a drop in motel fuel prices, official data showed Tuesday.

Mahindra plans to double investment in US

Indian conglomerate Mahindra Group plans to double its US investment in the next five years, where it is hoping to its two-wheel electric scooters will win over American millennials.

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