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UPDATE 2-Japan to compile record $734 bln budget for next fiscal year, draft plan shows
Changes sourcing, adds more details from draftBy Takaya YamaguchiTOKYO, Dec 25 (Reuters) - Japan's government is set to compile a record $734 billion budget for the fiscal year from April due to larger social security and debt-servicing costs, adding to the industrial world's heaviest debt, a draftReuters
Wed, Dec 25
UPDATE 1-Taiwan blocks Uber's $950 mln Foodpanda deal, Bloomberg News reports
Adds details from Bloomberg report Dec 25 (Reuters) - Taiwan has blocked Uber Technologies' UBER.N $950 million purchase of Delivery Hero's DHER.DE Foodpanda business on the island because of anti-competition concerns, Bloomberg News reported on Wednesday, citing Taiwan's official Central News AgReuters
Wed, Dec 25
DeFi security sees a 40% drop in losses as CeFi faces a $694M surge in breaches
According to the Hacken Web 3 Report 2024, Decentralized finance protocols’ losses have dropped considerably by 40% year-on-year. However, the same cannot be said for centralized finance protocols, whose losses have more than doubled in the past year.
China passes value-added tax law, effective 2026
BEIJING, Dec 25 (Reuters) - China's top legislative body voted to pass the value-added tax law on Wednesday, the official news agency Xinhua said.The law will take effect from Jan. 1, 2026. (Reporting by Liz Lee and Ellen Zhang; Editing by Raju Gopalakrishnan) ((liz.lee@thomsonreuters.com;))Reuters
Wed, Dec 25
Japan government plans record $730 bln budget for next fiscal year, Jiji reports
TOKYO, Dec 25 (Reuters) - Japan's government is in final talks to compile a record 115 trillion yen ($732 billion) general account budget for the fiscal year from April, Jiji news agency reported on Wednesday.($1 = 157.1100 yen) (Reporting by Makiko Yamazaki; Editing by William Mallard) ((Makiko.YamReuters
Wed, Dec 25
NY Fed survey reveals workers are demanding higher salaries as AI threatens job security
A Federal Reserve Bank of New York survey shows that more workers are uneasy about losing their jobs. Their fears are tied to companies threatening to replace their positions with AI. Nonetheless, these anxieties haven’t caused job seekers to lower their salary demands.Cryptopolitan
Tue, Dec 24
Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000
The recent Bitcoin price action has been marked by a correction from its all-time high of $108,135 achieved just a week ago. Although Bitcoin has largely held up above the $90,000 mark, the correction has seen the cryptocurrency falling to as low as $92,500 in the past 24 hours.
Biden administration announces new Chinese chips probe, Semiconductor stocks gain
Investing.com -- U.S. semiconductor stocks mostly edged higher in premarket trading on Tuesday after the Biden administration launched a new trade investigation into Chinese-made legacy semiconductors.Investing.com
Tue, Dec 24
