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Adani Energy Secures Japanese Funding For 6,000 MW Green Energy Corridor
Adani Energy Solutions Ltd (AESL) on Monday said it has secured long-term financing from a consortium of Japanese banks for its flagship high-voltage direct current (HVDC) transmission project.
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Japanese Bank Employees Vow In Blood Against Embezzlement
A bank in Japan has implemented an extraordinary policy where employees have signed a pledge in blood, promising to take their lives if found guilty of embezzling funds
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Meta Says its Llama AI Models Being Used by Banks, Tech Companies
Meta's Llama AI models are seeing a rise in use, the company headed by Mark Zuckerberg said. The mostly free-of-charge Llama models have been downloaded almost 350 million times since Meta began releasing them publicly last year.
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Japanese Watch Giant Casio Forays into NFT Space: Details
Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin game.
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Bank of Japan Initiates Discussion With 60 Firms on Pilot Programme for Digital Yen
The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various themes including the business and technological features of...
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Japanese CBDC’s Pilot to Go Live in April, New Forum to Register Consultations from Insiders
Japan will be launching its digital currency for pilot test next month in April. Private companies will be onboarded by the BoJ to be participants in the testing of the digital JPY. The focus is to analyse and justify the fundamentals of the proof-of-concept (PoC) for this CBDC, which has been under testing in Japan since April 2021.
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Japan Asks for Crypto to Be Controlled as Traditional Banks, Calls for Global Regulation of Sector
The financial regulators of Japan have urged global regulatory bodies in finalising that the crypto sector should be treated just as traditional banks are, across the globe. As per the Japanese authorities, the crypto technology in itself is not to be blamed for risking the financial stability of crypto investors. Rather, it’s the lack of rules g...
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Bank of Japan Plans to Rope-In Other Major Lenders in Digital Yen CBDC Trials: Report
Moving forward on its CBDC plans, the Bank of Japan (BoJ) is looking to rope-in a bunch of other mega banks to test the digital yen. The three Japanese megabanks, while unnamed officially, are reportedly supposed to be Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and Mizuho Financial Group Inc.
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Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
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First Omicron Case In US Fuels Global Alarm Over Coronavirus Variant
Fears over the impact of the Omicron variant of the coronavirus rose on Thursday after the first case was reported in the United States and the Japanese central bank warned of economic pain as countries respond with tighter containment measures.
-
Adani Energy Secures Japanese Funding For 6,000 MW Green Energy Corridor
Adani Energy Solutions Ltd (AESL) on Monday said it has secured long-term financing from a consortium of Japanese banks for its flagship high-voltage direct current (HVDC) transmission project.
-
Japanese Bank Employees Vow In Blood Against Embezzlement
A bank in Japan has implemented an extraordinary policy where employees have signed a pledge in blood, promising to take their lives if found guilty of embezzling funds
-
Meta Says its Llama AI Models Being Used by Banks, Tech Companies
Meta's Llama AI models are seeing a rise in use, the company headed by Mark Zuckerberg said. The mostly free-of-charge Llama models have been downloaded almost 350 million times since Meta began releasing them publicly last year.
-
Japanese Watch Giant Casio Forays into NFT Space: Details
Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin game.
-
Bank of Japan Initiates Discussion With 60 Firms on Pilot Programme for Digital Yen
The Bank of Japan on Thursday kicked off a series of discussions with 60 companies on a pilot programme for developing a digital yen, joining peers around the globe ramping up efforts towards issuing digital versions of their currencies for retail use. The discussions will touch on various themes including the business and technological features of...
-
Japanese CBDC’s Pilot to Go Live in April, New Forum to Register Consultations from Insiders
Japan will be launching its digital currency for pilot test next month in April. Private companies will be onboarded by the BoJ to be participants in the testing of the digital JPY. The focus is to analyse and justify the fundamentals of the proof-of-concept (PoC) for this CBDC, which has been under testing in Japan since April 2021.
-
Japan Asks for Crypto to Be Controlled as Traditional Banks, Calls for Global Regulation of Sector
The financial regulators of Japan have urged global regulatory bodies in finalising that the crypto sector should be treated just as traditional banks are, across the globe. As per the Japanese authorities, the crypto technology in itself is not to be blamed for risking the financial stability of crypto investors. Rather, it’s the lack of rules g...
-
Bank of Japan Plans to Rope-In Other Major Lenders in Digital Yen CBDC Trials: Report
Moving forward on its CBDC plans, the Bank of Japan (BoJ) is looking to rope-in a bunch of other mega banks to test the digital yen. The three Japanese megabanks, while unnamed officially, are reportedly supposed to be Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and Mizuho Financial Group Inc.
-
Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
-
First Omicron Case In US Fuels Global Alarm Over Coronavirus Variant
Fears over the impact of the Omicron variant of the coronavirus rose on Thursday after the first case was reported in the United States and the Japanese central bank warned of economic pain as countries respond with tighter containment measures.
