Author: News Room

By Farah Master, Tingshu Wang and Xiaoyu Yin HONG KONG/BEIJING (Reuters) – China’s rapidly aging population is fuelling a promising and fast-growing market for companies providing recreational classes and activities for the elderly middle class, from yoga to African drumming and smartphone photography. The growth potential of the industry contrasts sharply with the decline of the after-school private tutoring sector following a government crackdown in 2021 aimed at boosting record low birth rates by lowering education costs. “Education industries are transitioning to the silver economy,” said Qiu Peilin, the Beijing head of Mama Sunset, an elderly learning business which has…

By Colleen Howe BEIJING (Reuters) – Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI) crude was up 10 cents to $81.14. “Geopolitical risks also remain elevated,” analysts from ANZ wrote in a note, pointing to a stepped-up campaign of Ukranian drone strikes on Russian oil refineries over the last week. On Saturday, one of the strikes…

A cyberattack caused intermittent “disruptions” for websites of multiple Alabama government agencies on Wednesday, in an incident that had state officials working throughout the day to defend their networks from hackers, a spokesperson for Alabama’s Office of Information Technology told CNN. “[W]e understand that the disruptions were initially widespread across state services, and those effects have diminished throughout the day as we have worked with our vendors to counter the denial-of-service attack,” said the spokesperson, Jeremy Ward. There was no breach of government networks or data stolen in the cyberattack, according to the office of Republican Gov. Kay Ivey, which…

The Japanese Yen continues to be undermined by the uncertainty over the BoJ’s policy stance. Hawkish Fed expectations underpin the USD and provide an additional lift to the USD/JPY pair. Investors now look to the BoJ and Fed policy decisions before placing fresh directional bets. The Japanese Yen (JPY) remains depressed for the fifth straight day on Monday and weakens further below the 149.00 mark, to over a one-week low against its American counterpart during the Asian session. The Bank of Japan (BoJ) Governor Kazuo Ueda last week offered a slightly bleaker assessment of the economy. This, along with the…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re debuting This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few…

BEIJING —  China on Monday reported economic data for the first two months of the year that beat analysts’ expectations.Retail sales rose 5.5%, better than the 5.2% increase forecast in a Reuters’ poll, while industrial production increased 7%, compared with estimates of 5% growth.Fixed asset investment rose by 4.2%, more than the forecast of 3.2%.The unemployment rate for cities was 5.3% in February.Online retail sales of physical goods rose by 14.4% from a year ago during the first two months of the year.Investment into real estate fell by 9% in the first two months of the year from a year…

The son of the late liberal Supreme Court Justice Ruth Bader Ginsburg said Sunday that giving an award bearing his mother’s name to SpaceX CEO Elon Musk and conservative media mogul Rupert Murdoch is a “desecration of my mother’s memory.” “I don’t want to speak to what our other plans might be if the foundation doesn’t see the wisdom of desisting and ending this desecration of my mother’s memory, but I will say that we will continue to fight this,” Jim Ginsburg told Paula Reid on “CNN Newsroom.” Ginsburg’s family recently sent a letter to the Opperman Foundation, which bestows the award and…

Topline A gunman barricaded himself in a Trenton, New Jersey, residence with hostages Saturday morning after killing three people in a shooting spree in the Philadelphia suburb of Falls Township that prompted a shelter-in-place, according to local police. Key Facts Law enforcement officials in Bucks County have identified 26-year-old Andre Gordon as the suspect, alleging that Gordon shot and killed two people at a residence in the community of Levittown Saturday morning, and then shot and killed a third person at another residence before carjacking a Honda CRV and fleeing. The Falls Township Police Department initially issued a shelter-in-place, but…

As an investor who particularly dislikes losing money, I primarily invest in shares but sometimes engage in short selling where I see an opportunity. A less familiar strategy. Short selling involves borrowing shares to sell at the current price, aiming to buy them back cheaper later. If the share price drops, I profit from the difference after returning the borrowed shares. Conversely, a price increase means a loss. I’ve been short Boeing BA stock since it was $215, anticipating further declines. The stock is now $182.53. A near 15% gain so far. There are several reasons why I am short…

By Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings worldwide, with the Bank of Japan seemingly on the brink of ending negative rates and the focus on how many rate cuts the Federal Reserve projects. Apart from Japan and the United States, central banks in England, Australia, Norway, Switzerland, Mexico, Brazil and Indonesia are all due to meet, with most expected to stand pat on rates. The spotlight in Asia is firmly on the BOJ as the bigger-than-expected pay hikes by major Japanese firms cemented…