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Japan PM pledges to fix problems with ID card rollout

BLOOMBERG Japanese Prime Minister Fumio Kishida promised the public he would fix problems with the introduction of a national ID card that have damaged support for his government and raised concerns about data breaches. Kishida told a news conference he is taking seriously the problems with what is known as the “My Number” card. “We will work on the complete ...

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Sunak struggles to contain Tory anxiety over UK mortgage costs

BLOOMBERG Prime Minister Rishi Sunak faces mounting pressure from members of his Conservative Party to help Britons struggling with surging mortgage costs, amid fears that the UK’s sticky inflation and skyrocketing interest rates will cost them their seats in the next general election. Data showed the government is struggling to deliver on its promise to halve inflation this year, with ...

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Yuan extends drop as PBOC’s weak fix worsens sentiment

BLOOMBERG China’s yuan tumbled past the closely watched 7.2-per-dollar level and analysts are bracing for more losses after Beijing showed little resistance to the decline. The offshore yuan fell as much as 0.3% to 7.2007 to the greenback, the weakest since November. A lack of aggressive stimulus from authorities is fuelling a wave of selling in Chinese assets, with a ...

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