Japan’s real wages fall for 23rd straight month, dampening Bank of Japan’s hopes for ‘virtuous cycle’
The data comes after Japan’s unions secured the highest wage increases in 33 years. But those pay hikes benefit only a fraction of Japan’s workers.
China says innovations, not subsidies, are powering EV edge as Yellen raises ‘overcapacity’ concerns
China’s Minister of Commerce Wang Wentao on Sunday said the allegations about “overcapacity” by the U.S. and Europe were without merit.
How this UK-based firm is growing a more sustainable cannabis
Growing cannabis indoors uses a lot of energy, resulting in higher emissions, but a U.K. cultivator claims to be the first to do so in a carbon-negative way.
‘Big leap of faith’: This couple quit corporate life and turned an arty side hustle into a business
Omar and Summer Obaid set up art e-commerce business Abstract House in 2016 and expect to make around £2 million in revenue this year.
State-backed cyberattacks, AI deepfakes, and more: Experts reveal UK election cyber threats
Cyber experts expect malicious actors to interfere in the upcoming elections in several ways, not least through disinformation aided by artificial intelligence.
China commerce minister kickstarts Europe trip with Chinese EV firms meeting
China’s commerce minister initiated his European tour by meeting with BYD and CATL, addressing concerns about unfair subsidies in China’s EV industry.
CNBC Daily Open: What rate cut?
CNBC’s Daily Open is going on a two-week hiatus after today’s newsletter. We’ll be back on Monday April 22. See you then!
Brazil judge opens inquiry into Musk for obstruction involving social media company X
Brazilian Supreme Court Justice opened an inquiry into Elon Musk for obstruction of justice involving social media company X, according to a court document.
Russian nuclear company reports attack on Zaporizhzhia plant
A Russian corporation accuses Ukraine’s military of attacking the Zaporizhzhia nuclear power station, prompting the U.N. to demand a halt to such incidents.
Asia markets mixed ahead of central bank decisions, U.S. and China inflation data this week
Four central banks in the region will announce rate decisions, while investors will also assess the impact of inflation numbers from the U.S. and China
