News 

Turkish lira hits record low, down 20% against dollar this year

“If policymakers refrain from tightening monetary policy, the risk of a disorderly adjustment and a sharp economic downturn (possibly recession) will mount.”” writes Alkis Konstantinidis for cnbc.com. The Turkish lira tumbled more than 5 percent on Wednesday before recovering some ground, the latest drop in a sell-off that reflects growing investor alarm over the direction of monetary policy under President Tayyip Erdogan.”We expect the MPC to hold an interim meeting over the coming days to raise interest rates by at least 200bp,” Jason Tuvey of Capital Economics said in a…

Read More
News 

Japanese movie ‘Shoplifters’ wins Cannes Palme d’Or

“CANNES, France (Reuters) – Japanese director Hirokazu Kore-eda won the Palme d’Or at Cannes on Saturday for “Shoplifters”, a movie that wowed audiences for its delicate portrayal of family life and surprising plot twists” writes Midwest Communications Inc for 95kqds.com. A woman director, Nadine Labaki from Lebanon, won the Jury Prize – effectively the bronze medal – for “Capharnaum”, a realist drama about childhood neglect in the slums of Beirut. Poland’s Pawel Pawlikowski won Best Director for “Cold War”, a romance that moves from the peasant farms of Poland to…

Read More
News 

Japan’s longest growth streak since the late 1980s is over

“The Japanese economy shrunk in early 2018, recording its first quarterly contraction since late 2015” writes David Scutt for businessinsider.com. The surprise quarterly decline saw the seasonally-adjusted annual rate decline to -0.6%, below the -0.2% level forecast by economists.It was the first decline in nine quarters, snapping the longest stretch of continued expansion since the late 1980s.Private consumption, the largest part of the Japanese economy, was unchanged, a result that was in line with market expectations.Domestic demand lopped 0.2 percentage points (ppts) of quarterly growth, driven lower by declines in…

Read More
News 

Maeve Finally Reaches Shogun World in New ‘Westworld’ Trailer

“I was plagued by a voice…It said, ‘This is a new world” writes Estelle Tang for elle.com. Westworld screens on HBO on Sundays at 9 P.M.And in this world, you can be whatever you want to be.’” So begins our first true glimpse of Westworld’s Shogun World—with dialogue in Japanese, no less—the long-awaited Delos park where we’ll see Maeve try to find her daughter. Source: elle.com Share This:

Read More
News 

Here’s a lesson from Japan about the threat of a U.S. debt crisis

“A rapidly widening U.S. budget deficit is stoking fears among some economists of a potential debt crisis” writes Sunny Oh for marketwatch.com. Analysts say the Bank of Japan’s extraordinarily low interest rates and bond-buying operations have anchored its interest rates.The difference between the U.S. growth rate and interest rates is much narrower than in Japan.Read: Watch this for early signs the U.S. is tipping toward a debt crisis “Japan’s experience confirms that a debt crisis is difficult to imagine in a country that issues debt in its own currency, has…

Read More
Crypto News 

Coincheck Partially Reinstates Monero Support…

“Coincheck reopens sales and withdrawals of Monero despite the ban by the FSA. It is an interesting development which can set a nationwide precedent” writes Jp Buntinx for livebitcoinnews.com. These new developments come right after introducing new mandatory verification standards for users.The next development came in the form of banning Monero, Dash, and ZCash trading. Source: livebitcoinnews.com Share This:

Read More
News 

Glassdoor to be acquired by Japanese firm Recruit Holdings for $1.2 B

“Its parent company Recruit Group was founded in 1960, has 45,000 employees across 60 countries and is listed on the Tokyo Stock Exchange” reports yourstory.com. Hisayuki Idekoba (Deko), COO of Recruit and Head of Recruit’s HR Technology Segment, said about the Glassdoor acquisition, “I am delighted to welcome Glassdoor to the Recruit Group.In a press release about the acquisition, Robert Hohman said, “Glassdoor has transformed how people search for jobs and how companies recruit.The Group operates a wide range of services, including HR technology, recruitment advertisement, employment placement, staffing, housing…

Read More
News 

Japan’s Recruit Buying Jobs Website Glassdoor for $1.2 Billion

“Recruit Holdings Co., the Japanese jobs and consumer portal, is buying U.S. jobs website Glassdoor Inc. for $1.2 billion in cash as it seeks to push deeper into overseas markets” writes Reed Stevenson for bloomberg.com. The Japanese company made its last big acquisition abroad with the purchase of job-search engine Indeed in 2012. Glassdoor runs the second-largest job website in the U.S. and is known for hosting anonymous employee reviews about the culture and management of their companies. Source: bloomberg.com Share This:

Read More