Funding & Business
Yuan’s Gradual Advance May Offer Boost to Emerging Currencies
China’s new-found tolerance for steady yuan appreciation looks set to re-accelerate a rally in emerging-market currencies, as investors brace themselves for lower US interest rates.
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From airline tickets to burgers, from groceries to gig work — technology now allows companies to change prices in real time, sometimes a hundred times a day, as grocery chain REMA 1000 in Norway does. Advocates say it maximizes efficiency and sometimes even helps consumers. Critics argue it can gouge buyers and underpay workers. The concept of prices as moving targets has been polarizing, but perception and timing play important roles in determining the winners and losers of dynamic pricing. (Source: Bloomberg)
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US Deputy Secretary of State Christopher Landau on Sunday expressed regret over the recent detention of hundreds of South Korean workers in Georgia.
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Iran’s top security body warned that European threats to reinstate UN sanctions on the country could hinder efforts to restore international inspections at Iranian nuclear facilities.
In a statement on Sunday, the Supreme National Security Council — Iran’s chief security and foreign policy body — said Tehran had agreed to submit reports on its nuclear sites to the International Atomic Energy Agency under an agreement that could pave the way for the Vienna-based agency to resume site visits.
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