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IN THE NEWS

Bank of Japan hikes inflation forecast on soaring energy prices

Bank of Japan hikes inflation forecast on soaring energy prices

Japan's central bank hiked its full-year inflation forecast on Thursday but cautioned that it sees rising prices, driven by a surge in commodity costs cause by the Ukraine war, as a volatile and temporary trend.

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Giant tooth of ancient marine reptile discovered in Alps

Giant tooth of ancient marine reptile discovered in Alps

The fossils of three ichthyosaurs -- giant marine reptiles that patrolled primordial oceans -- have been discovered high up in the Swiss Alps, and include the largest ever tooth found for the species, a study said Thursday.

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Indonesia suspends all exports of palm oil

Indonesia suspends all exports of palm oil

Indonesia began imposing a complete ban on palm oil exports Thursday, as the world's largest producer of the commodity risked destabilising a global vegetable oil market already hitting peak prices.

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Australia cricket great Slater's charges dropped over mental health

Australia cricket great Slater's charges dropped over mental health

The former Australia Test batsman Michael Slater has had domestic stalking and intimidation charges against him dropped under mental health laws.

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New Zealand Rugby back in the black after first profit in years

New Zealand Rugby back in the black after first profit in years

New Zealand Rugby has posted its first profit in four years with the announcement Thursday of a NZ$5.5 million (US$3.6 million) surplus for 2021.

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Global pledges of justice for Ukraine war crime victims

Global pledges of justice for Ukraine war crime victims

Several countries and organizations, including the UN, pledged on Wednesday to bring to justice any perpetrators of war crimes committed during Russia's invasion of Ukraine.

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Asian markets enjoy respite from heavy selling pressure

Asian markets enjoy respite from heavy selling pressure

Asian markets enjoyed some much-needed gains Thursday having so far suffered a troubled week, with sentiment lifted by a bargain-buying, a positive lead from New York and Europe, and further pledges of economic support for China's economy.

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Aston Villa to face Leeds in Brisbane pre-season friendly

Aston Villa to face Leeds in Brisbane pre-season friendly

Aston Villa and Leeds United will clash for a July friendly in Australia, the latest English Premier League clubs to announce a return to pre-season touring after the Covid pandemic.

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Surge in prices creates headache for Germany's brewers

Surge in prices creates headache for Germany's brewers

The Veltins brewery in Germany was already wrestling with pandemic-spurred hikes in ingredient and transport costs over the last year, but a surge in energy prices sparked by Russia's invasion of Ukraine threatens to be a bitter pill for the business.

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First 'Avatar 2' footage shown as Disney, Universal hit CinemaCon

First 'Avatar 2' footage shown as Disney, Universal hit CinemaCon

James Cameron said his long-delayed sequel to "Avatar," the highest-earning movie of all time, would "push the limits of what cinema can do," as Disney and Universal presented first looks at their upcoming movies in Las Vegas Wednesday.

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