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Four states sue Trump administration over cuts to public health funding
Four Democratic-led states filed a lawsuit on Wednesday that seeks to block the Trump administration from terminating $600 million in public health funding.
Four States Sue Trump Administration Over Cuts to Public Health Funding
By Jan Wolfe Feb 11 (Reuters) - Four Democratic-led states filed a lawsuit on Wednesday that seeks to block the Trump administration from terminating $600 million in public health funding. In a complaint filed in federal court in Chicago, the states — California, Colorado, Illinois, and ...
New rule to bar green card holders from US Small Business Administration loans
A new rule by President Donald Trump's administration will bar green card holders from applying for U.S. Small Business Administration loans and limit SBA loan eligibility to citizen-owned businesses, an SBA notice showed.
AbbVie sues US health agency over Botox price controls
Feb 11 (Reuters) - AbbVie sued the U. Department of Health and Human Services on Wednesday, challenging a decision by the Centers for Medicare & Medicaid Services to impose price controls for Botox.
UN agency begins clearing huge Gaza City waste dump as health risks mount
The United Nations Development Programme began clearing a huge wartime garbage dump on Wednesday that has swallowed one of Gaza City’s oldest commercial districts and is an environmental and health risk.
Fix energy prices to be competitive, business leaders tell EU
Top business leaders urged the European Union on Wednesday to act urgently to bring down energy prices, saying that was key for European industries to be able to compete with the United States and China.
Instagram's leader to testify in court on app design, youth mental health
Instagram's leader is set to face questions in court for the first time on Wednesday about whether the Meta-owned app's design is fueling a youth mental health crisis.
Lavrov says US restrictions on Russia's role in Venezuela oil business are discrimination
Russian Foreign Minister Sergei Lavrov said on Wednesday that new U.S. restrictions on the role of Russia and other countries in Venezuela's oil business were blatant discrimination.
Kaiser reaches $30 million settlement with US Labor Dept over mental health care practices
The U.S. Department of Labor on Tuesday said it has settled with Kaiser Foundation Health Plan to resolve multiple investigations into the company's practices on mental health and substance use disorder services.
Republican-led US House panel issues subpoenas to eight health insurers, Axios reports
House Judiciary Committee Republicans have subpoenaed eight Affordable Care Act health insurers for documents as part of a widening investigation of potential fraud surrounding the use of premium subsidies, Axios reported on Tuesday.
BP reports fourth-quarter 2025 profits in line with expectations
BP posted a fourth-quarter underlying replacement cost profit, or adjusted net income, of $1.54 billion on Tuesday, compared with expectations of $1.55 billion in a company-provided poll of analysts and $1.17 billion a year ago.
Standard Chartered names Peter Burrill as interim CFO
Standard Chartered , on Tuesday appointed Peter Burrill as interim group chief financial officer, replacing Diego De Giorgi, who steps down with immediate effect to pursue an external opportunity.
Salesforce cuts less than 1,000 jobs, Business Insider reports
Salesforce made cuts to its workforce at the beginning of this month, with the reduction involving fewer than 1,000 roles, Business Insider reported on Monday, citing a person familiar with the matter.
US to cut $600 million in public health grants to Democratic-led states, Bloomberg News reports
The U.S. Department of Health and Human Services is expected to cut about $600 million in public health grants to California, Minnesota, Illinois and Colorado because they do not align with the White House's priorities, Bloomberg News reported on Monday, citing people familiar with the matter.
Amazon discusses AI content marketplace with publishers, The Information reports
Amazon has signaled to publishing industry executives that it is planning to launch a marketplace where publishers can sell their content to firms offering artificial intelligence products, The Information reported on Monday.
Catherine O'Hara’s cause of death confirmed by medical examiner
Catherine O’Hara, the comic actor known for “Schitt’s Creek” and “Home Alone,” died of a pulmonary embolism, according to her death certificate released by the Los Angeles County Medical Examiner’s Office and shared by TMZ on Monday.
US Medicare Agency Proposes Regulation to Reduce Fraud Across Health Insurance Programs
Feb 9 (Reuters) - Centers for Medicare & Medicaid Services on Monday proposed regulations to crack down on fraud and misleading practices by health insurance agents and brokers to lower health care costs. (Reporting by Sneha S K in Bengaluru; Editing by Alan Barona) Copyright 2026 ...
Israeli strikes in Lebanon kill 4, including a child, Lebanese health ministry says
Israeli forces killed four people, including a child, in southern Lebanon on Monday, Lebanon's National News Agency reported, citing the health ministry, in two separate strikes that the Israeli military said targeted members of the Shi'ite Muslim armed group Hezbollah.
Argentine markets swayed by politics and new fiscal regularization scheme
Argentine financial markets traded cautiously on Monday as political developments increasingly weighed on short- and medium-term investment decisions.
Ferrari releases teaser images of new Luce electric sports car
Ferrari released teaser images of its new fully electric sports car on Monday, revealing the name and interior design of the eagerly awaited first for the luxury Italian carmaker.
Uber to acquire delivery business of Turkey's Getir
Uber said on Monday it agreed to acquire the delivery arm of Turkey's Getir from Mubadala, its Emirati controlling shareholder, expanding the U.S.-based company's Turkish footprint.
UK PM Starmer Tells Staff Politics Should Be Force for Good
LONDON, Feb 9 (Reuters) - British Prime Minister Keir Starmer told his staff on Monday that politics should be a force for good and emphasised the importance of moving forward, following the resignation of his chief of staff and director of communications. Starmer's top aide Morgan ...
DSM-Firmenich to sell animal health business to CVC Capital
Chemicals company DSM-Firmenich has agreed to sell its Animal Nutrition & Health business to CVC Capital for an enterprise value of around 2.2 billion euros ($2.6 billion), it said on Monday.
Chinese robot makers ready for Lunar New Year entertainment spotlight
In China, humanoid robots are serving as Lunar New Year entertainment, with their manufacturers pitching their song-and-dance skills to the general public as well as potential customers, investors and government officials.
New Zealand mosque shooter tells court mental health forced him to plead guilty
A white supremacist who killed 51 Muslim worshippers at two mosques in New Zealand seven years ago said on Monday that he was irrational when he pleaded guilty, local media reported, as he sought to overturn his conviction in a New Zealand court.
Oil drops more than 1% as concerns about possible US-Iran conflict ease
Oil prices dropped more than 1% at Monday's open as concerns about a possible conflict in the Middle East between the U.S. and Iran eased after both countries finished a round of talks on Friday.
Hims & Hers to stop offering compounded semaglutide pill after FDA crackdown
Hims & Hers said in a statement on Saturday that it will stop offering access to the compounded semaglutide pill after the U.S. Food and Drug Administration said it would take action against the telehealth provider for its $49 weight-loss pill.
Trump backs merger between Nexstar and Tegna
U.S. President Donald Trump on Saturday publicly backed a proposed merger between local television station operator Nexstar Media and its smaller rival Tegna .
Sports leaders reach consensus on new gender policy
Global sports leaders have reached consensus on a new set of eligibility criteria for transgender athletes, with the new policy expected to be announced within the first half of this year, the International Olympic Committee said on Saturday.
Trump signs order threatening tariffs on nations doing business with Iran
U.S. President Donald Trump signed an executive order on Friday that may impose a 25% tariff on countries that do business with Iran.
Trump Signs Order Threatening Tariffs on Nations Doing Business With Iran
WASHINGTON, Feb 6 (Reuters) - U.S. President Donald Trump signed an executive order on Friday that may impose a 25% tariff on countries that do business with Iran. The order comes as tensions between Iran and U.S. continue to simmer even as the two countries engaged in talks this week.
Exclusive: Vista Equity Partners and Intel to lead investment in AI chip startup Samba Nova, sources say
Private equity firm Vista Equity Partners is leading a new funding round of over $350 million in artificial intelligence chip startup SambaNova Systems, marking a rare departure from its traditional focus on enterprise software, according to people familiar with the matter.
Business Lookahead: Near, far, wherever markets are
STORY: From Japan's snap election to key U.S. data, these are the stories to watch in business and finance in the coming week. :: Japan votesJapan's Prime Minister Sanae Takaichi is hoping for a stronger mandate as voters head to the polls on Sunday.The closely-watched lower house election is shaping up to be one of the most unpredictable in years.A strong showing by Takaichi's Liberal Democratic Party would allow her to expand stimulus.That could heighten concerns about Japan's finances and push up government bond yields further in a selloff that could ripple out overseas.:: AI winners and losersCisco Systems and Germany's Siemens Energy report earnings on Wednesday.They've benefited from the AI boom in different ways, but now Barclays says that trade is "seeing extreme dispersion."That’s been evident in sliding software and data analytics stocks, which have plunged as traders focus on the existential threat posed by increasingly powerful AI models.AI enablers, companies contributing to the global AI data center build-out, meanwhile, have fared better. :: Delayed data dumpA double dose of major U.S. economic reports should give investors a critical view of the economy, following a delay by the recently ended three-day government shutdown.The January non-farm payrolls report, now due on Wednesday, is expected to show an increase of 70,000 jobs, according to a Reuters poll. Then, on Friday, the Bureau of Labor Statistics is set to release the January consumer price index, one of the most closely watched measures of inflation.
Justice Department casts wide net on Netflix's business practices in merger probe, WSJ reports
The Justice Department is investigating whether Netflix has engaged in anticompetitive tactics as it probes the streaming giant's proposed acquisition of Warner Discovery's studios and streaming service, the Wall Street Journal reported on Friday.
Justice Department casts wide net on Netflix's business practices in merger probe, WSJ reports
The Justice Department is investigating whether Netflix has engaged in anticompetitive tactics as it probes the streaming giant's proposed acquisition of Warner Discovery's studios and streaming service, the Wall Street Journal reported on Friday.
FIS aims to quash penis-enlargement sideshow, but science makes sense
World skiing's governing body has moved swiftly to quash talk of ski jumpers injecting their penises with paraffin or hyaluronic acid to gain a competitive edge, but scientists and ski jumpers at the Winter Olympics say if true it would make perfect sense.
Israel’s war on Gaza’s healthcare continues in full force under ‘ceasefire’
Israel continues to target Gaza's heroic medics, while tens of thousands of patients remain trapped without treatment.
Carlyle Group quarterly profit rises on private-equity dealmaking
Asset manager Carlyle Group posted a rise in fourth-quarter profit on Friday, helped by income from deals at its private-equity arm and solid gains across its credit and secondaries businesses.
Japan's Itochu posts record 9-month profit on consumer business strength
Japan's Itochu on Friday posted a 4% rise in nine-month net profit through December 31 to 705.3 billion yen ($4.5 billion), a record for the period, boosted by strong consumer businesses, including food, textile and its convenience-store chain.
Indian central bank raises loan limits for small businesses, backs REIT lending
India’s central bank on Friday announced measures to boost credit to small businesses and the real estate sector to improve access to formal financing and strengthen last-mile lending, Governor Sanjay Malhotra said in his policy address.
MGM Resorts beats quarterly profit estimates on steady sports betting business
Casino operator MGM Resorts International reported fourth-quarter profit above Wall Street estimates on Thursday, driven by strong performance in its online sports-betting business.
MGM Resorts beats quarterly profit estimates on steady sports betting business
Casino operator MGM Resorts International reported fourth-quarter profit above Wall Street estimates on Thursday, driven by strong performance in its online sports-betting business.
Amazon projects $200 billion in capital spending this year
Amazon.com on Thursday joined its Big Tech peers in projecting massive capital expenditures in 2026, the freshest sign yet that tech companies will not be hitting the brakes on their hefty AI investments anytime soon.
Anthropic releases AI upgrade as market punishes software stocks
Technology startup Anthropic on Thursday launched what it called an improved artificial intelligence model, days after its product advances helped kick-start a selloff of traditional software stocks.
VIEW Hims and Hers Health's compounded Wegovy pill offering fuels market jitters
Hims & Hers said it would begin offering compounded versions of Novo Nordisk's Wegovy pill at an introductory price of $49 per month.
How to build a business case for indirect tax process automation
Transforming your indirect tax process requires clear ROI metrics, proactive objection handling, a SMART roadmap, AI integration, and early planning.
Exclusive: Hims and Hers Health launches copy of Wegovy pill at $49
Online telehealth company Hims and Hers Health will begin offering copies of Novo Nordisk's new Wegovy pill at an introductory price of $49 per month, the company said Thursday, about $100 less than the brand name.
Chevron names new heads of strategy, trading, business development
Chevron Corp on Thursday outlined senior leadership changes that will take effect in 2026, with several long-serving executives retiring and internal candidates stepping into key roles across strategy, trading and business development.
A tumultuous two decades in Thailand's politics
Thailand has seen two coups, multiple rounds of street protests and court rulings that have brought down five prime ministers in the past two decades, underlining the intractable power struggle between conservatives, reformists and populists in the Southeast Asian country.
Large blaze breaks out at German research centre
Firefighters are responding to a large blaze that broke out at a research centre in the south-western German city of Darmstadt on Thursday morning, according to police.
Taiwan's ASE sees its advanced packaging business doubling to $3.2 billion in 2026
ASE Technology Holding, the world's largest chip packaging and testing provider, on Thursday said it expects its leading-edge advanced packaging business to double in size to $3.2 billion in 2026. The Taiwanese company made the comment on a conference call following its quarterly earnings, which saw it report fourth-quarter revenue of T$177.9 billion ($5.62 billion), up 9.6% from a year earlier. It booked a 58% rise in net income.
Google goes from laggard to leader as it pulls ahead of OpenAI with stellar AI growth
Alphabet is taking on OpenAI with a gusto that underscores Wall Street's perception that the Google parent is the leader in AI, a turn of events from a year ago when investors thought it was badly lagging behind rivals and punished its stock.
New York City joins UN health network after Trump withdrew US from WHO
The New York City Health Department on Wednesday said it has joined the World Health Organization's global outbreak response network following President Donald Trump's withdrawal of the U.S. from the U.N. health agency.
New York City Joins UN Health Network After Trump Withdrew US From WHO
By Kanishka Singh WASHINGTON, Feb 4 (Reuters) - The New York City Health Department on Wednesday said it has joined the World Health Organization's global outbreak response network following President Donald Trump's withdrawal of the U.S. from the U.N. health agency. WHY'S IMPORTANT Following ...
Google parent Alphabet forecasts sharp surge in 2026 capital spending
Alphabet said on Wednesday it was targeting capital expenditure of $175 billion to $185 billion this year, in yet another aggressive ramp-up in spending from the Google parent as it deepens its investments to push ahead in the AI race.
Israeli strikes kill 18 in Gaza, patient crossings at Rafah halted, Palestinian officials say
Israeli tank shelling and airstrikes killed 18 people, including four children, in Gaza on Wednesday, and Israel halted the passage of patients through the Rafah border crossing, Palestinian officials said.
Saif al-Islam Gaddafi, son of late Libyan leader, has been killed, sources say
The most prominent son of late Libyan leader Muammar Gaddafi, Saif al-Islam Gaddafi, has been killed, sources close to the family, his lawyer Khaled el-Zaydi and Libyan media said on Tuesday.
Wegovy maker Novo Nordisk appoints Jamey Millar head of its US business
Danish drug maker Novo Nordisk said on Wednesday it had appointed Jamey Millar head of its U.S. business, and Hong Chow head of product and portfolio strategy.
Euro zone banks tightening access to business credit, ECB survey shows
Euro zone banks tightened access to corporate credit last quarter and expect to see further tightening ahead due to widespread economic uncertainty, partly related to trade policies, the European Central Bank's quarterly Bank Lending Survey showed on Tuesday.
Orsted sells European onshore business to CIP for $1.7 billion
Danish wind farm operator Orsted said on Tuesday it has agreed to sell its European onshore business to Copenhagen Infrastructure Partners (CIP) for 1.44 billion euros ($1.70 billion).
Top consulting firms test boundaries with China workarounds
Faced with a fraught geopolitical environment, global consultancies are turning to riskier ways to do business in China that some industry and legal experts say test the boundaries of Western sanctions and Beijing's drive to curb foreign involvement in sensitive sectors.
Jeffrey Epstein's ties to politicians, business titans and other figures
The U.S. Justice Department's release of millions of internal documents related to Jeffrey Epstein has revealed the late financier and sex offender's ties to many prominent people in politics, finance, academia and business - both before and after he pleaded guilty in 2008 to prostitution charges, including soliciting an underage girl. Evidence in multiple legal and criminal cases has also shed light on these connections.
Factbox-Jeffrey Epstein's Ties to Politicians, Business Titans and Other Figures
Feb 2 (Reuters) - The U.S. Justice Department's release of millions of internal documents related to Jeffrey Epstein has revealed the late financier and sex offender's ties to many prominent people in politics, finance, academia and business - both before and after he pleaded guilty in 2008 to ...
France adopts 2026 budget after two no-confidence votes fail
New budget includes a $7.6m military spending increase and aims to cut the deficit to 5 percent by end of 2026.
Hong Kong business confidence rises despite US-China tensions, survey notes
Business confidence in Hong Kong has improved for 2026 despite continuing global uncertainty, according to a survey report published on Monday by the American Chamber of Commerce in Hong Kong.
Alibaba to spend $431 million for Lunar New Year AI push as chatbot war heats up
Alibaba said on Monday it will spend 3 billion yuan ($431 million) to attract users to its Qwen AI app during the Lunar New Year holiday, heating up a race between China's largest tech firms.
Japan's top business lobby invites activist fund Elliott for governance talks
Japan's biggest business lobby, Keidanren, has invited activist investor Elliott Investment Management to a private meeting on March 5 to discuss issues of corporate governance, it told member firms in a notice seen by Reuters.
Kennedy Center to cease entertainment operations for two years, Trump says
The John F. Kennedy Memorial Center for Performing Arts should not host any events for two years, starting on July 4, President Donald Trump posted on Sunday.
Kennedy Center to cease entertainment operations for two years, Trump says
Feb 1 (Reuters) - The John F. Kennedy Memorial Center for Performing Arts should not host any events for two years, starting on July 4, President Donald Trump posted on Sunday. "Based on these findings, and totally subject to Board approval, I have ...
Kennedy Center to Cease Entertainment Operations for Two Years, Trump Says
Feb 1 (Reuters) - The John F. Kennedy Memorial Center for Performing Arts should not host any events for two years, starting on July 4, President Donald Trump posted on Sunday. "Based on these findings, and totally subject to Board approval, I have determined that the fastest way to ...
Oil falls by over $1 per barrel as Iran talks in focus
Oil prices fell by over $1 per barrel on Monday as U.S. President Donald Trump said over the weekend Iran was "seriously talking" with Washington.
India hands Apple a win by letting foreign firms fund equipment for manufacturers
India's government on Sunday handed a major win to Apple by allowing foreign companies to freely provide machines to their contract manufacturers set up in certain areas for five years, without fearing any tax risk.
Union, Marathon meeting as strike deadline looms for US refineries
Negotiators for the United Steelworkers union (USW) and Marathon Petroleum continued to meet on Saturday, just hours ahead of a deadline for possible strikes at multiple U.S. refineries and chemical plants, the union said.
Israeli strikes kill 12 in Gaza, health ministry says
Israeli airstrikes in Gaza killed at least 12 people, the Palestinian health ministry said, with children reported to be among the fatalities in the latest violence rattling a tenuous ceasefire.
Measles cases in South Carolina rise by 58 to 847, state health department says
South Carolina reported 847 measles cases on Friday, state health data showed, including 58 additional infections since Tuesday, as officials warned the widening outbreak could last weeks or months amid lagging vaccine uptake.
Videogame stocks slide on Google's AI model that turns prompts into playable worlds
Shares of videogame companies fell sharply in afternoon trading on Friday after Alphabet's Google rolled out its artificial intelligence model capable of creating interactive digital worlds with simple prompts.
South Africa orders expulsion of Israeli envoy, declared persona non grata
South Africa accuses Israeli representative of 'gross abuse of diplomatic privilege' as Israel orders reciprocal move.
Health Rounds: Apple watches help patients monitor a common heart disorder
Apple watches are proving useful in screening for the common heart rhythm disorder atrial fibrillation, or AFib, according to two studies published in the Journal of the American College of Cardiology.
Fintech lender SoFi profit jumps on strong growth in fee‑based businesses
Consumers are shifting high-cost credit-card balances to fintech lenders to take advantage of low-interest personal loans. SoFi's financial services business, which includes credit card and investing products, saw revenue surge 78% in the quarter ended December 31 to $456.7 million. Fee-based businesses help insulate fintechs from interest-rate swings.
Trump says 'very dangerous' for UK to get into business with China
U.S. President Donald Trump on Thursday warned the United Kingdom against getting into business with China, saying it would be "very dangerous."
UK business confidence weakens as doubts grow over wider economy
British business confidence has weakened this month after executives' view of the global economic outlook declined to its darkest in a year, a survey by Lloyds showed on Friday.
Apple acquires audio AI startup Q.ai
Apple on Thursday said it has acquired Q.ai, an Israeli startup working on artificial intelligence technology for audio.
World discovers it can hedge US trade risk
It will be many years before the United States' allies can contemplate dispensing with the need for its military might or challenging the tech supremacy of its Silicon Valley giants.
Exclusive: UK’s Schroders discussed private capital tie-ups in growth push, sources say
Schroders has held high-level talks about potential tie-ups to speed up the growth of its private capital business, three people familiar with the matter told Reuters, as the 222-year-old British asset manager seeks to gain scale.
Marsh's fourth-quarter profit rises on strength in insurance business
Insurance broker Marsh reported a rise in fourth-quarter profit on Thursday, helped by robust performance in its risk and insurance services business.
Comcast sheds more broadband customers as wireless competition mounts
Comcast lost more broadband customers than expected in the fourth quarter, as rivals lured away consumers with aggressive offers, piling pressure on the company's mainstay business.
Alibaba to merge with China's Zelos on $2 billion robovan business, WSJ reports
Alibaba's logistics arm plans to merge its autonomous-driving unit Cainiao with China's Zelos Technology, forming a new entity valued at approximately $2 billion, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.
Pakistan becomes latest Asian country to introduce checks for deadly Nipah virus
Authorities in Pakistan have ordered enhanced screening of people entering the country for signs of infections of the deadly Nipah virus after India confirmed two cases, adding to the number of Asian countries stepping up controls.
Blackstone's biggest hedge fund business returned 12% in 2025, sources say
Blackstone's biggest hedge fund platform, Absolute Return Composite (AR), returned nearly 12% last year, beating the benchmark HFRX Global Hedge Fund Index's 7.1% gain, two people familiar with the numbers said on Wednesday.
General Dynamics fourth-quarter revenue rises on strong defense business
General Dynamics posted a rise in fourth-quarter revenue on Wednesday, driven by growth in its combat and marine systems segments.
Hong Kong scientists launch AI model to better predict extreme weather
A team of Hong Kong scientists has developed an artificial intelligence weather-forecasting system to predict thunderstorms and heavy downpours up to four hours ahead, compared with the range of 20 minutes to two hours now.
India reports two Nipah virus infections as Thai, Malaysia step up screening
India is monitoring Nipah virus infections, with two reported from its eastern state of West Bengal since December, the health ministry said, as some Southeast Asia nations step up scrutiny of air travellers.
Puma's long slide: the rise and fall of a German sports icon
Germany's Puma and fierce rival Adidas have their roots in the very same house where brothers Rudolf and Adolf Dassler launched their shoe business a century ago, before a major fall-out between the siblings split the company in two.
C3.AI in talks to merge with startup Automation Anywhere, The Information reports
Enterprise artificial intelligence software provider C3.AI is in talks to merge with privately held startup Automation Anywhere, The Information reported on Tuesday, citing people familiar with the discussions.
Measles cases in South Carolina rise by 89 to 789, state health department says
South Carolina reported a surge to 789 measles cases on Tuesday, state health data showed, including 89 additional infections since Friday, as officials warned the widening outbreak could last weeks or months amid lagging vaccine uptake.
WhatsApp unveils high-security mode, latest tech firm to offer users stronger protection
Meta's WhatsApp messaging service is offering users an advanced security mode, joining a growing number of U.S. tech firms that are letting users opt into stronger protections against hackers in exchange for a more restrictive experience.
US health insurers slump after 2027 Medicare Advantage payments proposal disappoints
Shares of health insurers tumbled in premarket trading on Tuesday after the Trump administration proposed a smaller-than-expected increase to next year's Medicare Advantage plans.
China's Anta Sports buys 29% Puma stake for $1.8 billion, rules out full takeover
China's biggest sportswear brand Anta Sports Products said on Tuesday it would buy a 29.06% stake in Puma from the Pinault family for 1.5 billion euros ($1.8 billion), making it the biggest shareholder in the German sportswear maker.
FX intervention justified if yen moves rapid, Japan business lobby head says
Currency intervention would be justified if it is aimed at arresting rapid moves in the yen, Yoshinobu Tsutsui, head of Japan's biggest business lobby Keidanren, said on Tuesday.