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07.10.2024 21:49
Have We Reached Peak Human Life Span? After decades of rising life expectancy, the increases appear to be slowing. A new study calls into question how long even the healthiest of populations can live.

07.10.2024 22:05
Speculative yen buying retreats as prospects dim for big U.S. rate cut - Nikkei Asia TOKYO -- Speculative yen buying is shrinking in the foreign exchange market, pushing the Japanese currency down near 150 against the U.S. dollar, as expectations for a large interest cut by the Federal Reserve Board faded on surprisingly robust jobs numbers released last week.U.S. Consumer Price Index (CPI) data for June and the jobs report for July were both significantly below market expectations, triggering concerns about the health of the U.S. economy and spurring speculation about large rate cuts by the central bank.

07.10.2024 22:17
Corporate reform: Henry Kravis (8) - Nikkei Asia When George, Jerry and I founded KKR in 1976, the acquisition method we now call private equity was unknown. After a series of big acquisitions, our business approach garnered attention, including from the media and the U.S. Congress. I'd argue that while no doubt mistakes have been made, including by us and KKR, many have misunderstood (or greatly simplified) the model. They have overlooked how value is created -- and for whom.It's not possible to create long-term value by simply loading a company with debt and cutting costs. Nobody will partner with you or entrust you with their valuable capital if that is your business model. We would not have stayed in business with the support of our clients if that was our business model.

07.10.2024 23:00
South Korea lets in more foreign workers, vying with Japan and Taiwan - Nikkei Asia SEOUL -- From higher caps for low-skilled workers to a training center for shipbuilding specialists, South Korea is ramping up efforts to attract foreign workers also being courted by neighboring Japan and Taiwan.Average pay for low-skilled foreign workers in South Korea significantly outpaced comparable figures in Japan and Taiwan as of 2022, according to Mitsubishi UFJ Research and Consulting. South Korea is also opening its doors wider to working foreign students, entrepreneurs and advanced degree holders in a bid to court a wide range of international talent.

07.10.2024 23:15
Japan seeks homegrown 'unbreakable' quantum encryption by 2030 - Nikkei Asia TOKYO -- The Japanese government will support the development of quantum encryption technology by 2030, enlisting partners potentially including Toshiba and NEC in an effort to defend against the next-generation of cyberattacks, Nikkei has learned.The Ministry of Internal Affairs and Communications will provide the assistance to selected quantum encryption developers, with applications set to begin as soon as next year. The effort will involve tens of billions of yen (10 billion yen equals $68 million) in public-private investment over five years starting fiscal 2025.

07.10.2024 23:21
Lammy defends Chagos deal, saying it saves important UK-US military base Foreign secretary says status quo not sustainable as Tory MPs accuse Labour of giving away key assetDavid Lammy has hailed the decision to return the Chagos Islands to Mauritius as a deal to save a strategically important UK-US military base, after accusations from opposition MPs that a key asset was being given away.The government announced last week that it was going to hand over the Chagos Islands to Mauritius, ending years of bitter dispute over Britain’s last African colony, but the military base on Diego Garcia will remain under UK control. Continue reading... ...