Japan's finance ministry will over the next fiscal year issue the fewest super-long government bonds, known as JGBs, in 17 years, according to a plan approved by the cabinet on Friday. The reduction by nearly a fifth from the previous fiscal year to bonds worth around 17.4 trillion yen ($111.6 billion), reflects the new administration's sensitivity over the rise of JGB yields to a series of record highs in recent weeks. Learn More

China's state iron ore buyer is using increasingly hardball tactics against mining giants such as BHP to tighten its grip on the $132 billion seaborne market and extract better terms for steel mills, just as a giant new source of supply is set to strengthen its hand. China Mineral Resources Group (CMRG) in November asked its steel mills and traders not to buy spot cargoes of a second BHP product, months after it blacklisted a first that drew concern from top supplier Aust

Social media platforms with infinite scrolling, auto-play and algorithmic feeds will be required to display warning labels about their potential harm to young users’ mental health under a new law, New York Governor Kathy Hochul announced on Friday. "Keeping New Yorkers safe has been my top priority since taking office, and that includes protecting our kids from the potential harms of social media features that encourage excessive use," Hochul said in a statement. Learn More