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date
05/08/2026
SoftBank Group is leveraging the vast data resources in Japan's industrial and retail sectors to create an artificial intelligence economic circle, which includes the recently announced investment in 7-Eleven's operator, Seven & i Holdings. SoftBank's president and CEO, Junichi Miyakawa, stated that the investment in Seven & i "will help support the development of the next generation of convenience stores." SoftBank Corp, the telecommunications company under SoftBank Group, and its affiliated payment processing company PayPay will each invest 100 billion yen (approximately $635 million) in Seven & i. Miyakawa remarked, "We do not intend to operate convenience stores. We aim to support a new retail model using artificial intelligence and robotic technology."
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2 m ago
Cathay Pacific executives stated that the e-commerce tax has not yet had a noticeable impact on European cargo routes.
2 m ago
Glencore's performance report shows that the company's profits have significantly increased, primarily benefiting from the rise in core commodity prices and its trading division experiencing one of its best performances in recent years. The surge in energy prices due to the conflict in Iran has led to severe fluctuations in the global commodity market, bringing additional gains to Glencore. The company reported core earnings of $10.1 billion for the first half of the year, an 86% increase compared to the same period last year. Glencore announced that it will return an additional $1.5 billion to shareholders, including $1 billion in special dividends and $500 million in share buybacks. The turmoil in the energy market caused by the Middle East conflict has unexpectedly benefited commodity trading companies. Meanwhile, this situation has also boosted the coal business, which is one of Glencore's largest profit sources. Additionally, copper prices hit an all-time high in the first half of the year, driven by multiple factors, including the rapid development of the artificial intelligence (AI) industry and the impact of trade tariffs. Glencore also stated that it will apply for a secondary listing in Australia.
3 m ago
Reserve Bank of India Governor Mahesh Kumar Jain: The excess liquidity may only be a short-term situation, with the peak possibly appearing around September.
3 m ago
Eastern Space: IPO preparation work has been initiated.
3 m ago
Reserve Bank of India Governor Mahesh Kumar Jha: It is expected that there will be no significant changes to the interest rate setting rules.
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