Business News

The yen was pinned at levels not seen since 1986 on Tuesday, stoking worries that a direct intervention from Tokyo was ​around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the U.S. ‌rate outlook.

U.S. online shoppers clawed for deals on electronics, appliances, items for children and everyday essentials during Amazon.com’s annual sales event Prime Day, spending more than $26.4 billion from June 23 through June 26, according to data firm Adobe ​Analytics.

Australia said on Saturday it would double the ​maximum penalty it can impose on tech firms that fail to uphold a ground-breaking social media ban for children, as evidence mounts that the ‌ban has had little effect on teen use.

GameStop ​pledged on Friday to pursue its proposed takeover of ‌eBay, even after the e-commerce firm rejected an unsolicited cash-and-stock offer of about $56 billion from the videogame retailer.

Samsung Group will pledge on ​Monday 1,000 trillion won ($648 billion) in South Korea over the next decade, a media report said, in a sweeping effort to turn a global AI-driven chip boom into a ‌nationwide growth engine.

President Donald Trump said on ‌Wednesday he has instructed the Department of Justice to look into oil companies for not lowering gasoline pump prices in line with falling crude costs, accusing the companies of “gouging” customers.

The ​U.S. Department of Energy announced on Tuesday $17.5 billion in conditional loans for utilities and energy companies to purchase ‌parts needed to strengthen the U.S. commercial nuclear supply chain.

Diplomacy between the U.S. and Iran has translated into relief at the pump for Americans, data showed on Monday, with gasoline ​prices falling for a sixth straight week and marking a 15% drop ‌from their May peak.

Most share markets slipped in Asia on ​Monday as doubts about the Middle East peace process sent oil prices and bond yields up again, leading investors to ‌price in more risk of higher U.S. interest rates.

TOKYO (Reuters) — Japan plans to set a target of about $2.3 trillion in combined public ​and private investment by 2040 across ‌17 strategic sectors as part of Prime Minister Sanae Takaichi’s new growth strategy, the Nikkei reported ​on Friday. The 370 trillion yen investment ​initiative, to …