The Week In Numbers Yen recovers US jobs slow
From the US job market slowing sharply, to the yen recovering from a 40-year low, here’s a roundup of the big financial stories of the week.
#News #Newsfeed #yen #japaneseyen #usjobs #google #openai #labormarket
AI Generated·May contain errors
Comments are disabled for this video.
From the yen in turmoil to a low-value e-commerce crackdown, this is The Week in Numbers.
$161.2 is where the yen recovered to on Friday, having bounced from a 40-year low on Tuesday.
After trading at $162.84 on Tuesday, Japan issued a fresh warning to currency markets.
Finance Minister Satsuki Katayama said Tokyo was in regular contact with Washington on
The currency's prolonged weakness has worsened the squeeze on households and
businesses already grappling with higher energy prices linked to the Iran war.
57,000 jobs were added to the U.S. economy in June as hiring slowed sharply. It's roughly
half the amount that economists, polled by Reuters, had expected. The Labor Department's
jobs report also showed the unemployment rate dropped to 4.2 percent last month.
The numbers point to a cooling labor market.
Five percent is the stake OpenAI has discussed,
giving the U.S. government, The Financial Times reported on Thursday.
AI firms face growing scrutiny in Washington over the potential misuse of advanced models
and whether Americans will share in the sector's profits. President Donald Trump said last month
he was exploring options to give the public a stake in leading AI companies.
Reuters couldn't immediately verify the report.
4.1 billion euros is the record fine Alphabet unit Google will pay after Europe's top court
dismissed its fight against a penalty imposed by EU antitrust regulators. It was fined for
using its Android mobile operating system to block rivals. Google has racked up close to
$12.6 billion in EU fines in the last decades for various antitrust infringements.
Three euros is the fee the EU has slapped on low-value e-commerce parcels from China.
It's the first step against what it calls unfair competition from firms like Xi'an,
Timu, and AliExpress. It's a setback for the platforms that
used a duty-free customs exemption to sell goods at ultra-low prices.

