Reuters

By Khanh Vu

HANOI (Reuters) - Vietnam's annual inflation rate edged up to 4.44% in May, official data showed on Wednesday, nearing the government's target ceiling of 4.5% for the year and a potential challenge to efforts to boost credit growth to drive activity.

The Southeast Asian country, a regional industrial hub, also reported strong growth in exports and industrial output in the month, but rising inflation could be a concern for... (continue reading...)

By Leika Kihara

TOKYO (Reuters) -The Bank of Japan may raise interest rates if sharp falls in the yen boost inflation or the public's perception of future prices move more than expected, board member Seiji Adachi said on Wednesday.

While short-term currency moves alone would not trigger a policy shift, the central bank could raise interest rates if excessive yen falls persist and have a big impact on inflation expectations, Adachi said in a... (continue reading...)

By Renju Jose and Kirsty Needham

SYDNEY (Reuters) - Papua New Guinea Prime Minister James Marape on Wednesday blamed "extraordinary rainfall" and changes to weather patterns for multiple disasters in the Pacific Island nation this year, including a landslide last week which may have killed thousands.

Parts of a mountain in the Maip-Mulitaka area in Enga province in PNG's north collapsed in the early hours of last Friday and Marape said... (continue reading...)

By Anna Tong

SAN FRANCISCO - OpenAI's board only learned of the existence of ChatGPT when they saw it on Twitter, former board member Helen Toner said in an interview on "The Ted AI Show" podcast that aired Tuesday.

Toner provided her first detailed account of the backstory behind the dramatic firing and rehiring last November of OpenAI's CEO Sam Altman, painting a picture of a manipulative executive who fostered a "toxic atmosphere". 

SEOUL (Reuters) - Samsung Electronics' union in South Korea has declared it will start taking strike action, including advising members as an initial protest to take annual leave on June 7, a union official said during a live-streamed press conference on Wednesday.

The union accounts for about 28,000 workers, or more than a fifth of the company's total workforce, according to union officials.

A group of union officials made the... (continue reading...)