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Japan considers currency intervention

The Japanese government and central bank are considering measures, including unilateral intervention in the currency market, to counter any abrupt gains in the yen, the Nikkei newspaper reported. Intervention might take place if yen demand jumps abruptly following UK’s vote to leave the EU, and thereFULL STORY

Law firms see opportunity in Brexit peril

As the reality of Britain’s vote to exit the EU sank in on Friday, international law firms began sending out e-mails, warning actual and potential clients of issues that could arise due to Brexit. Some set up 24-hour hotlines to field queries. However, behind the marketingFULL STORY

Taiwanese firms face patent claims

Taiwanese exporters are facing rising threats from patent infringement accusations in the US, which could have an adverse impact on exports to the US market, the Ministry of Economic Affairs said. Since last month, firms operating in the US market have filed three complaints withFULL STORY

China censors rumors on WeChat, like rise of robots

To the list of things that should not be uttered in modern China, add these: Padded bras cause cancer. The Earth is on the brink of falling into a period of darkness for six days. Robots will soon conquer entire industries and eliminate the needFULL STORY

Lotte chair beats back brother’s third attempt at ouster

Lotte Holdings Co shareholders voted to leave Lotte Group chairman Shin Dong-bin in his post of director of the holding company, Lotte Group said in a statement, rejecting a third bid by his brother to seize control of the family-run South Korean conglomerate amid aFULL STORY

Sites set to auto-block extremist videos

Some of the Web’s biggest destinations for watching videos have quietly started using automation to remove extremist content from their sites, according to two people familiar with the process. The move is a major step forward for Internet companies that are eager to eradicate violent propagandaFULL STORY

In Israeli desert, world’s highest solar tower looks to future

By Daphne Rousseau

In the middle of southern Israel’s desert, engineers are hard at work building the world’s tallest solar tower, reflecting the nation’s high hopes for renewable energy. Once completed late next year, the Ashalim Tower will rise to 240m, taller than Paris’ Montparnasse Tower and London’s Gherkin,FULL STORY

Binge watching: teaching robots how to react

By William Kole

Remember The Jetsons’ robot maid, Rosie? Massachusetts Institute of Technology (MIT) researchers think her future real-life incarnations can learn a thing or two from Steve Carell and other sitcom stars. MIT says a computer that binge-watched YouTube videos and TV shows such as The Office, TheFULL STORY

How mushrooms fueled scientist’s flight to S Korea

By Hyung-jin Kim

Lee T.B. fled North Korea not because he suffered from dire poverty or persecution at home, as many other defectors have. He did it for mushrooms, and to fulfill his wife’s dying wish. He has studied the fungi for decades and has created products with themFULL STORY

US stocks nosedive after ‘Leave’ vote

The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain’s decision to leave the EU caught traders wrong-footed. In the busiest trading volume for a single session in nearly five years, financial stocks ledFULL STORY

Brexit sends European equities plunging

Britain’s surprise vote to leave the EU sent shockwaves across global markets on Friday as it ushered in a new element of uncertainty in a world already plagued by weak growth. London’s benchmark FTSE 100 index plummeted 7.5 percent at the open, but began to recoverFULL STORY

London dealers scramble as Brexit sparks gold rush

After staying up all night in London to watch the EU referendum results, and mourning the outcome, Lauro Franzese decided to make some money. “I thought I might as well get something out of it,” the 61-year-old army veteran said as he walked the streets ofFULL STORY

Asian markets reel over shock from Brexit vote

Asian stocks on Friday posted their steepest slump in 10 months as Britain’s vote to leave the EU stunned investors, raising concern that a divided Europe would further damage global growth. The MSCI Asia Pacific Index fell 3.7 percent to 125.23 on Friday in Hong Kong,FULL STORY

Pound plummets to 30-year low, while yen soars

The pound made history, plunging with UK stocks after the nation voted for a Brexit. Sterling slid by the most on record against the US dollar, reaching its weakest level since 1985, as the nation opted to quit the EU after more than four decades. TheFULL STORY

World Business Quick Take

BANKING Alibaba activities probed China’s central bank is to study shadow banking activities at Alibaba Group Holding Ltd (阿里巴巴) as it tries to ensure a fair environment exists for competition in the industry, Governor Zhou Xiaochuan (周小川) said. Alibaba engages in activities that fall under the FinancialFULL STORY

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