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In October, Japan will face a fresh round of price increases and tax-related rule changes.
A new wave of price hikes on food and services is scheduled for October, further squeezing the budgets of Japanese households, while freelancers and the self-employed may have to endure higher tax burdens under a new invoice system.
The persistent effects of a weaker yen, which inflates...
Fed Minutes predict a 'soon' slowdown in interest rate hikes and a 'likely' recession in 2023
According to meeting minutes disclosed Wednesday, Federal Reserve officials agreed in November that they would need to halt the pace of interest rate rises shortly.
While noting that inflation had not yet showed significant indications of abating, the minutes stated that "a strong ...
Impact Of Hike In Petrol Prices
In an attempt to escape the impact of rising oil prices, thousands of drivers are racing to automobile repair shops to install liquefied petroleum gas (LPG) or electric systems in their cars. Energy Reform's president, Surasak Nittiwat, said that the business has seen a 200 percent year-over-...
Price of Redmi Note 10 increases for the second time this month
Highlights
- Xiaomi increases prices of Redmi Note 10
- Poco M3 prices are also hiked by Rs 500 in India, now it costs Rs.15,999.
Xiaomi has hiked the price of Redmi Note 10 for the second time this month. The new prices have started to ...
IT COMPANIES GAVE HIKES AFTER DELAYS
Highlights:
- The second round of salary hike and promotions has started in many IT companies after months of the previous one.
- Last year’s salary increment was downturn due to loss in businesses at the time of the pandemic.
HALDIA PETROCHEMICALS WANTS 50 PERCENT CAPACITY HIKE
HIGHLIGHTS
- Haldia Petrochemicals wants to increase its capacity hike by 50%.
- Haldia Petrochemicals is starting a project in order to produce 345,000 tonnes per annum of additional polymer.
- To facilitate new ventures, Haldia Petrochemicals h...
IMPORTED BEEF FROM THE U.S IN JAPAN TO SEE AN EMERGENCY TARIFF HIKE
Highlights –
- Imported beef from the U.S in Japan to see an emergency tariff hike.
- The tariff hike will be imposed starting later this week.
- The tariff is said to jump from 25.8% to 38.5% for a month under a bilateral trade agreement.<...
NETFLIX INC. IN JAPAN RAISED ITS SUBSCRIPTION FEES FOR TWO PLANS
Highlights –
- Netflix Inc. in Japan raised its subscription fees for two plans.
- The streaming company increased the fees by about 13%.
- In the summer of 2020, Netflix reported 5 million subscribers in Japan alone.
- The new sub...
JAPAN CHAIN STORES ASSOCIATION REPORTS RISE IN SUPERMARKET SALES IN 2020
Highlights –
- Japan Chain Stores Association reports a rise in Supermarket sales in 2020.
- Newly opened supermarket sales, operated by 56 companies totaled $123.34 billion.
- Food sales on a same-store basis climbed 4.7 percent in 2020.
U.S.A TO HOLD OFF HIKE IN TARIFFS WORTH $7.5 BILLION ON EUROPEAN AND UK GOODS
Highlights –
- U.S.A to hold off the hike in tariffs worth $7.5 billion on European and UK goods.
- The U.S had threatened the latter with a hike in tariffs over subsidies for Airbus.
- Last year the U.S had raised border taxes on more tha...
AUSTRALIAN UNIVERSITIES MAKE DRASTIC CHANGES IN COURSE FEES
HIGHLIGHTS
- Australian education going under major changes
- As the government has planned a revised fee structure base on employability ratio
As Australia is hit by the economic crisis, it is on the verge of collapse. The Australian go...
ZIMBABWE’S FOOD INDUSTRY WORKERS TO GET PAY HIKE BETWEEN 80% AND 135%
Highlights:
- Employers and employers in the food industry have concluded wage negotiations for the first quarter of this year.
- The least paid employee will be earning an average of US $3000 including allowances.
As pe...
COVID-19 REDUCES SALES IN JAPAN’S AUTOMOBILE AND RETAIL INDUSTRIES
Highlights:
- Japan has been on the edge of recession due to the consumption tax hike of October 2019
- COVID-19 has drastically hit the sales of retail and automobile industry in Japan
February recorded a sharp reduction in sales across...
JAPANESE WAGYU-BEEF PRICES FALL DUE TO TAX HIKE
Highlights:
- Japan raised its consumption tax in October 2019
- January 2020 recorded a price reduction by 9 per cent as compared to 2019
Wagyu beef is considered prime quality cut in Japan. The consumption tax hike in October saw a res...
Joanne is All Set to Reveal the Grittier Side
For some voyagers, the account of killed hiker Peter would make them reevaluate an Aussie outback experience, however for British on-screen character Joanne, it's actually what brought her here just because of 13 years back. Finding the job of Falconio's better half, Joanne Lees, in the t...