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Matt Haldane - Nobel laureate Paul Romer sees diminishing returns for AI, as FDI still ‘killer app’ for emerging economies - scmp.com - Japan - China - Usa - Hong Kong

Nobel laureate Paul Romer sees diminishing returns for AI, as FDI still ‘killer app’ for emerging economies

“The growth of digital technology hasn’t in the past ushered us into this new era of much more rapid productivity growth, and I doubt that it’s going to do it now,” Romer told the South China Morning Post on the sidelines of the UBS Asian Investment Conference in Hong Kong on Tuesday. “So I think the perception that somehow everything has changed is like the perception that cyber currencies are going to change the world.”

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Narendra Modi - Nirmala Sitharaman - S&P upgrades outlook on India's sovereign rating to 'positive' - cnbc.com - India

S&P upgrades outlook on India's sovereign rating to 'positive'

S&P Global Ratings raised India's sovereign rating outlook to 'positive' from 'stable' while retaining the rating at 'BBB-', saying on Wednesday the country's robust economic expansion was having a constructive impact on its credit metrics.

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Jeff Cox - Sara Eisen - Fed's Williams says inflation is too high but will start coming down soon - cnbc.com - Usa - New York - New York

Fed's Williams says inflation is too high but will start coming down soon

NEW YORK — New York Federal Reserve President John Williams on Thursday said inflation is still too high but he is confident it will start decelerating later this year.

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Narendra Modi - India's central bank must be revamped for the economy's sake - asia.nikkei.com - India - Mumbai

India's central bank must be revamped for the economy's sake

Karan Mehrishi is the author of "The India Collective: What India is Really All About" and the forthcoming "The Making of Monetary Policy in India: Imagining the Future."

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RIHO NAGAO - Nikkei staff writer - Japan's chipmaker Rapidus to get government guarantee for loans - asia.nikkei.com - Japan - Tokyo - county Will

Japan's chipmaker Rapidus to get government guarantee for loans

TOKYO -- The Japanese government will seek guaranteeing loans for the Tokyo-backed chipmaker Rapidus to support the mass-production of advanced semiconductors.

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BHP Group drops its bid for Anglo American, ending plans to create a global mining giant - apnews.com - Usa - London - South Africa - Australia - Melbourne, Australia - county Iron

BHP Group drops its bid for Anglo American, ending plans to create a global mining giant

LONDON (AP) — BHP Group has dropped its 38.6 billion pound ($49.3 billion) bid for Anglo American, ending plans to create a global mining giant focused on copper and other minerals that are expected to drive the transition to renewable energy.

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Anwar Ibrahim - Ruth Porat - Google to invest $2 billion in Malaysian data center and cloud hub - apnews.com - Malaysia - state Selangor

Google to invest $2 billion in Malaysian data center and cloud hub

KUALA LUMPUR, Malaysia (AP) — Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a U.S. tech giant in the Southeast Asian country.

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Li Qiang - Toshimitsu Motegi - China, Japan agree to restart ruling party talks after six-year hiatus - asiaone.com - Japan - Tokyo - China - Usa - South Korea

China, Japan agree to restart ruling party talks after six-year hiatus

TOKYO - China and Japan have agreed to resume regular talks between their ruling parties for the first time in six years, said officials from Japan's coalition government on May 29.

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