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Tuesday, December 9, 2025
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Business

China September bank loans rise less than expected as weak credit demand persists

by Priya Shah – Business Editor October 16, 2025
written by Priya Shah – Business Editor

China‘s Bank Loan ‌Growth Slows in September, Signaling Persistent⁤ Weak Demand

BEIJING, Oct. 13 – New bank loans in⁢ China rose at a slower-than-expected pace in September, indicating continued‍ weakness in credit demand despite government⁢ efforts to stimulate the⁢ economy. The increase ‍underscores ongoing⁣ challenges in bolstering growth as‌ concerns ‍mount over the property sector adn broader economic ‍outlook.

Chinese banks extended 1.39⁤ trillion‌ yuan ⁢($190.73 billion) ⁤in​ new yuan loans in September, according to data‌ released by the People’s Bank of China (PBOC) on Friday.‍ This ⁢figure falls short of the 1.55 trillion yuan forecast‌ by analysts ‌in a Reuters poll and compares to 1.48 ‌trillion yuan issued in August. The slowdown suggests that businesses and consumers remain hesitant ⁤to take ‍on new debt, even as the PBOC ⁢has implemented various easing measures, including cuts to key interest rates and reserve requirement ratios.

The data reveals a broader⁣ trend of cautious lending. aggregate financing to the real economy – a more extensive measure of ‌credit – increased 309.4 billion yuan in September, down ​from‌ 346.4 billion yuan the previous month. This includes corporate bonds, bank bills, ⁣and othre forms of ​financing.⁣

Mortgage loans, ⁤a ⁣key indicator of the health of the property market,⁢ continued⁣ to struggle. new home sales have been ​declining, ​and developers face mounting​ debt pressures. The PBOC‌ data showed that 581.6 billion yuan in‌ household ⁤loans were issued in September,of which ⁤498.3 billion yuan were mortgage‍ loans.

Analysts say the weaker-than-expected loan growth highlights the ‌need for more targeted‍ and forceful policy support ⁤to revive credit demand and bolster economic activity. The PBOC‌ is⁢ expected to‍ maintain its accommodative monetary policy stance in‍ the coming⁤ months, but the effectiveness of these measures will depend on restoring confidence among businesses and consumers. The next key data release⁣ will ⁣be‍ October’s figures,which will provide further insight into the⁢ trajectory of ​china’s credit growth and its ⁢impact on the overall economy.

October 16, 2025 0 comments
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World

Sumo Tournament in London: Royal Albert Hall Hosts Historic Event

by Lucas Fernandez – World Editor October 16, 2025
written by Lucas Fernandez – World Editor

Sumo Comes to london: Historic Grand Tournament Begins at Royal Albert Hall

LONDON – A five-day Grand Sumo Tournament commenced ‌today at London’s iconic Royal Albert⁣ Hall,marking a landmark​ moment for the customary japanese ​sport and its growing international fanbase. The​ event,which sold out its roughly 27,000 tickets,represents the first ‌time a full-scale sumo‍ tournament has been⁢ held in the United Kingdom.

The tournament’s debut in London underscores sumo’s increasing global appeal, with organizers already planning a future exhibition in Paris scheduled for June of next year. This expansion aims to cultivate a wider audience for the sport, steeped in centuries of Japanese ritual ⁢and ‌athleticism, and to share its unique cultural significance with the world. The opening ceremony included traditional prayers for the wrestlers’ safety and success, led by gyoji referees who purified‌ the dohyo – the sumo ring – with sake.

Yokozuna Grand champion Hoshoryu expressed his astonishment at seeing a dohyo constructed within the Royal⁣ Albert ‍Hall in​ an interview with NHK,stating his⁣ eagerness to compete in the historic venue. “I believe the audience will enjoy the bouts, too,”⁣ he added.

Enthusiasm among attendees is palpable. ⁤A 49-year-old fan who traveled from Hungary specifically to witness the tournament shared her excitement, noting her support for Hoshoryu and anticipation of seeing the wrestlers perform in such a renowned location. “the more tournaments I watch, the more rikishi I like,” ‍she said, confirming she held tickets⁣ for both nights of the ​event.

Spectators also highlighted the personal⁤ connections they’ve made with the ⁤wrestlers. A London resident recounted ⁣a positive encounter with Hakuoho ⁢the day prior,⁢ declaring her support for him. Another attendee, a 41-year-old man from Leeds, was‌ visibly moved, expressing his admiration for Tobizaru‌ and the⁢ growing passion for sumo⁤ throughout England and europe.⁢ “There’s genuine passion for it around in England,in Europe,” he stated,adding that ​he intends to ​attend ⁢the Paris exhibition.⁢

The tournament is‍ expected to further elevate ‍sumo’s profile internationally, building on ​recent gains in popularity and solidifying its place as a captivating global sport.

October 16, 2025 0 comments
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World

UK’s Nscale to supply Microsoft with 200,000 Nvidia AI chips

by Lucas Fernandez – World Editor October 15, 2025
written by Lucas Fernandez – World Editor

UK’s Nscale‌ to Provide Microsoft with 200,000 Nvidia AI Chips

LONDON, ⁢October 26, 2023 -⁤ microsoft has contracted UK-based ⁤infrastructure provider Nscale to supply 200,000 Nvidia H100 Tensor Core GPUs, critical components for powering artificial ​intelligence workloads. ⁤The‍ multi-million ⁤pound deal‍ underscores the ⁤growing demand for AI processing power and positions Nscale as a ⁣key‍ player in the rapidly ⁢expanding AI hardware supply chain.

This agreement arrives as‍ microsoft accelerates its investment in AI, ‌notably through its partnership with OpenAI⁢ and the integration of AI capabilities across ​its product suite. The substantial chip order will bolster Microsoft’s capacity to meet surging demand for AI​ services from customers globally, ‍while ‍concurrently supporting the‍ UK’s ambition to become an AI superpower.​ Nscale⁢ will manage the entire lifecycle of the GPUs, from procurement and integration to deployment and maintenance, offering Microsoft a streamlined solution for⁢ scaling ⁣its⁣ AI infrastructure.

Nscale,​ founded ​in 2019,⁤ specializes in providing high-performance computing infrastructure for AI ⁢and machine learning applications. The company secured ⁢a £14.5 million funding round in July 2023 to expand ⁣its operations and meet growing ⁢customer‌ demand. The⁤ Nvidia‍ H100 GPUs are currently among the most advanced AI chips available, offering notable performance gains‍ over previous generations and are vital for training ⁢and deploying large language models⁤ and other complex AI ​applications.

The chips will ‌be delivered throughout 2024 and 2025,​ according to Nscale, and will be utilized within Microsoft’s global network of datacenters. This partnership ‌highlights the increasing reliance on specialized infrastructure providers to navigate the complexities of sourcing and managing cutting-edge AI ⁣hardware.

“This​ is a‌ landmark⁤ deal for⁣ Nscale and a testament to the UK’s growing ⁤strength in‌ the AI sector,” said Alex Fitzgerald, Nscale’s Chief ⁤Executive Officer, in a statement.​ “We are proud to be partnering with Microsoft to deliver the infrastructure ⁢needed to power the next‌ generation of AI innovation.”

Microsoft ‌did not promptly respond to requests for comment.

October 15, 2025 0 comments
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Business

Exclusive: Japan’s Rakuten weighing US IPO of credit card business, sources say

by Priya Shah – Business Editor October 15, 2025
written by Priya Shah – Business Editor

Rakuten Group Corp is considering an initial public offering⁢ (IPO) of ⁤its credit card business in the United States, potentially valuing the unit at more than $8.6 billion, people with knowledge of the matter said.

The Japanese ‌e-commerce and fintech conglomerate is working with‍ advisors to explore a listing that could occur as early as next year, the sources said. ⁣An IPO would allow Rakuten to ‌unlock value ⁢from the ​fast-growing credit card division and fund further expansion in a competitive market. Rakuten’s credit card business, known for its rewards program and partnerships, has seen significant growth in ⁢recent years, fueled by ⁤increasing consumer ⁤spending and a​ shift towards digital ‌payments.The move comes as Rakuten⁣ seeks to streamline its operations and focus⁣ on core‌ businesses, following ⁢a period of investment in areas like mobile ⁤communications and fintech.

rakuten ‌is weighing a U.S. ⁣IPO to‌ capitalize on investor ‌appetite for high-growth fintech companies and potentially achieve a higher valuation than ‌it could in Japan,the sources added. The company aims‌ to leverage the U.S. market’s deeper pool of capital and broader⁤ investor base. The potential IPO could be one of the largest fintech listings in recent years, attracting significant attention from Wall Street.

The ‌credit ⁤card‌ unit’s revenue rose 18% to⁣ 256.8 billion yen ($1.7 billion)⁣ in the first half of 2024, according to Rakuten’s earnings report. It boasts over 21 million cardholders. ​Rakuten has not finalized the details of the IPO, including the size of the offering and the ‌exchange where it will be listed, and the plans could change, the sources cautioned. Representatives for⁢ Rakuten declined⁢ to comment.

October 15, 2025 0 comments
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World

Japan Political Crisis: New Prime Minister Race After LDP-Komeito Split

by Lucas Fernandez – World Editor October 14, 2025
written by Lucas Fernandez – World Editor

Takaichi Vows‍ to Fight ‍for ⁢Premiership as Japan’s Political Landscape Shifts

TOKYO-Teh race to succeed Yoshihide Suga as​ Japan’s prime minister intensified ‌Tuesday, with ⁢newly elected Liberal Democratic⁤ Party ⁢(LDP) leader Takaichi Sanae acknowledging doubts⁣ about her ​ability⁢ to secure the top office, but pledging to continue her campaign.The ​sudden ⁢dissolution of the 26-year-old coalition between the ⁢LDP and Komeito ‍has unleashed a flurry of ⁢political maneuvering as parties attempt to forge new alliances and position themselves⁣ for power.

The unraveling of⁣ the ⁤long-standing LDP-Komeito ​partnership creates ⁢a power vacuum with significant⁣ implications‌ for domestic ⁣policy and Japan’s role on the⁣ international stage. The next prime‌ minister will ‍face pressing issues including economic recovery from the pandemic,an aging population,and ⁣regional security concerns. With no clear majority in parliament, the outcome hinges on complex negotiations⁤ and potential coalition building,⁣ potentially ushering in⁣ a period⁤ of political instability or a realignment of Japan’s political forces.

Takaichi addressed LDP Diet members Tuesday, apologizing for Komeito’s withdrawal and expressing determination despite skepticism surrounding⁤ her premiership prospects.”People⁣ are saying that ⁢even ⁤though I became‍ party president, ⁢I might⁣ not⁣ become prime minister,” she stated, adding, “so,​ thay are feeling sorry ‌for ‍me, but I will never give up.”

Some within the LDP have suggested that if ‌Takaichi’s chances ‍of becoming​ prime minister appear slim, Ishiba Shigeru should remain in⁢ a leadership position. Simultaneously, opposition parties are actively​ exploring opportunities to capitalize ⁣on the shifting dynamics.

The LDP initiated discussions with the Democratic⁢ party for the People (DPFP), seeking their cooperation in Diet proceedings and exploring the possibility of‍ a coalition. However, the Constitutional Democratic ‌Party of Japan (CDP), the largest opposition group,⁤ is ⁤pursuing a broader unification of opposition forces, ‌with the ambition of elevating DPFP President Tamaki Yuichiro to the prime ministership.

“I believe we are facing⁣ an ⁤extremely⁤ significant time,” CDP‍ President ⁣Noda Yoshihiko declared. “I‌ will work with other ⁢opposition parties to unite ⁣with true and‍ solid strength, so we can​ spark change within the ruling party.”

Despite the CDP’s efforts, DPFP President Tamaki has cautioned against ‍a full-fledged opposition alliance, citing policy differences, notably regarding national security. Representatives from the CDP,Japan Innovation Party,and DPFP convened tuesday and agreed to a leaders’⁢ meeting as early as Wednesday to further discuss potential collaboration. ​

the Japan Innovation Party ‍and DPFP emphasized the need for agreement on essential‍ policies ​before any coordinated action. Separately, the⁤ DPFP and Komeito held talks, agreeing to prioritize consensus-building on issues related to politics ‌and money.

October 14, 2025 0 comments
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News

University of Phoenix Owner Jumps 18.8% on NYSE Debut

by David Harrison – Chief Editor October 10, 2025
written by David Harrison – Chief Editor

The owner of the university of Phoenix saw ⁢its valuation surge to ‌$1.35 billion ⁢on Thursday as ⁣shares jumped in their debut on the New York Stock Exchange.‌ Apollo ⁣Global Management Inc. shares rose as high as $9.50, a nearly 20% increase from the initial public offering price⁣ of $8, following the spin-off of the for-profit university.

The debut reflects investor confidence in Apollo’s strategy to separate its retirement services and benefit governance businesses from the University ‍of Phoenix. The move aims to ⁢unlock value and address‍ concerns ‌about⁤ the university’s reputation and financial performance, which have been plagued by regulatory scrutiny and declining enrollment in recent years. The university now operates as an independent, publicly traded ⁣company under the ticker symbol⁤ “PHNX.”

October 10, 2025 0 comments
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