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Japan's economy cools on weak capex in Q1, revised data shows
Japan's economy cools on weak capex in Q1, revised data shows TOKYO, June 8 : Japan's economy lost momentum in the January-March quarter from the previous three months over sluggish capital expenditure, revised gross domestic product (GDP) data showed on Monday, pointing to challenges ahead due to the Middle East conflict. The GDP figures released by the Cabinet Office showed the economy expanded an annualised 1.8 per cent in the first quarter, compared with the initially estimated 2.1 per...
Japan's Q1 capex stalls as Iran war concerns weigh on business confidence
Japan's Q1 capex stalls as Iran war concerns weigh on business confidence (Corrects to restore dropped word 'flat' in lead paragraph) By Makiko Yamazaki TOKYO, June 1 : Japanese companies' annual spending on plant and equipment remained almost flat in the first quarter, data showed on Monday, pausing after a year of strong growth as concerns mount over the impact of the Middle East conflict. The tepid expenditure data, which will be used to calculate revised gross domestic product figures...
Japan's Q1 capex growth stalls as Iran war weighs, raising GDP downgrade risk
Japan's Q1 capex growth stalls as Iran war weighs, raising GDP downgrade risk TOKYO, June 1 : Japanese companies' pace of annual spending on plant and equipment stalled in the first quarter after a year of strong expansion, likely prompting a downgrade to economic growth as concerns mount over the impact of the Middle East conflict. The Iran war has upended the global economic outlook, leaving oil-import-dependent Japan heavily exposed to the energy shock rippling across businesses and...
South Korea Q1 GDP grows 1.8% q/q, stronger than advance estimate
South Korea Q1 GDP grows 1.8% q/q, stronger than advance estimate SEOUL, June 9 : South Korea's economy grew in the first quarter at a stronger pace than previously estimated in April, revised central bank data showed on Tuesday. Gross domestic product grew 1.8 per cent in the January-March quarter from the preceding three months, faster than the 1.7 per cent increase estimated earlier, according to the Bank of Korea. Asia's fourth-largest economy grew 3.8 per cent from a year earlier,...
Why buying home has gotten costlier: Eight cities see price rise upto 24% in Q1
Thinking of buying a home? The price tag may have changed more than you expect. Housing prices across eight major cities climbed between 3% and 24% year-on-year in the January-March quarter of 2026, with Bengaluru leading the surge, according to a report by real estate consultant PropTiger.
Sam Altman 'accepts' clients telling him they spent entire 2026 budget in Q1
ChatGPT-maker OpenAI’s CEO, Sam Altman, has admitted that businesses are increasingly concerned about the cost of using artificial intelligence (AI). The chief executive of the AI company has revealed that some customers are telling OpenAI that they have already exhausted their annual AI budgets within the first few months of the year. Speaking at the Intelligence at Work event, Altman said concerns about AI spending have emerged rapidly among OpenAI's customers, marking a shift from earlier...
Macy's posts strongest Q1 growth in four years, raises guidance despite consumer worries
Macy's posted its strongest first-quarter comparable sales performance in four years on Wednesday, as the legacy department store's turnaround continues to show progress. Led by the 200 so-called reimagined stores Macy's has upgraded, comparable sales grew 3% overall during the quarter and 1.6% at its namesake banner. At Bloomingdale's, comparable sales grew 10.2%, helped by an array of buzzy brands, a "fun factor" unique in the luxury landscape and the recent bankruptcy of rival Saks Fifth...
Expect more of those DRAM price hikes as memory shortage continues to bite
The continuing AI memory crunch saw DRAM prices effectively double in calendar Q1, and the bad news is they are likely to rise again by more than 50 percent in the current quarter, if TrendForce forecasters are on the money. The Taiwan-based market watcher says contract prices for conventional DRAM went up by up to 98 percent during Q1. This was good for the memory chipmakers - which have seen their industry revenue spike 81 percent to $97 billion in the same period - but not so good for buyers.
Monaco GP: Antonelli stuns Ferrari duo to snatch pole, Verstappen joins front row
It was Charles Leclerc, and maybe even the Prince of Monaco, who was deemed to take pole position, but 19-year-old Kimi Antonelli had a different plan. In the first three practice rounds, it was all about Ferrari until the qualifying session came, and Mercedes took pole position for the first time this decade. Monte Carlo, Monaco - There are race weekends in Formula 1, and then there is Monaco.
Paraguay, Palau, Uzbekistan: The lesser-trod destinations travellers are flocking to this year
The latest UN Tourism report has highlighted all the ways travel is changing in 2026. International tourist arrivals grew by 2% in the first quarter of 2026, despite disruptions caused by the crisis in the Middle East in March. According to the latest data from UN Tourism, some 307 million tourists travelled internationally in the first quarter of 2026, about six million more than in the same period of 2025.