The economy minister of Japan pays a visit to Yasukuni Shrine prior to the autumn festival.

Yasutoshi Nishimura, the Minister of the Japanese Economy, paid a visit to the Yasukuni Shrine in Tokyo on Monday, a day before the festival that is held there in autumn.

Nishimura stated to the reporters that he made a ritual offering, which he paid for out of his own money, after he h...

In a recessionary Germany, Berlin prepares for a conflict over budget cuts

The largest economy in Europe is experiencing financial difficulties for the first time in nearly a decade, and it is up to three contending parties to resolve them.

Official data released on Thursday revealed that Germany has officially entered a recession, with economic output falling...

Sharad Pawar describes the withdrawal of Rs 2000 banknotes as the act of a temperamental individual.

Monday, the leader of the Nationalist Congress Party, Sharad Pawar, compared the decision to withdraw Rs 2000 notes from circulation to the actions of a "moody person." The Reserve Bank of India announced the discontinuation of Rs 2,000 currency notes from circulation on May 19 BI and s...

With the domestic economy booming and international risk appetite low, Mukherjee Saurabh

Until definitive clarity emerges on that, I think we will see a degree of apprehension throughout the globe on markets, whether it be Indian equities, American equities, or even European shares," says Saurabh Mukherjee, Founder, Marcellus Investment Managers. The economy appears to be in exc...

As the economy weakens, governments and businesses around the world are investing less in technology and fewer in services for running a business

On Thursday, HCL Technologies NSE 1.60% reported a 19% increase in consolidated net profit, to Rs 4,096 crore, compared to the same period last year. To the tune of Rs 26,700 crore, quarterly income was up nearly 20% year-over-year. The final tally surpassed expectations, which were put at Rs 3,6...

Investment in information technology and business services around the world drops as the economy cools

Concerns about the global economy have resulted in a decrease in spending on information technology and business services during the past three months. According to data compiled by technology advisory firm ISG, spending dropped to $23bn in Q3 2022, down 3% from the same period in 2021. Investmen...

These nations want to end the global 'poly crisis' by focusing on factors other than gross domestic product.

The global standard for measuring economic health has become inadequate for a rising number of countries. Finland, Iceland, Scotland, Wales, and New Zealand are all part of the Wellbeing Economy Governments cooperation, which is led by a majority of women. As it grows in size over the next severa...

Germany has agreed to withdraw from the Energy Charter Treaty

The pact has been criticized for impeding attempts to minimize the use of fossil fuels by permitting corporations to sue for damages. The agreement commits its signatories to its terms for a period of 20 years.

Germany is leaving the Energy Charter Treaty, stated Economy Minister Robert...

In October, inflation has consumers feeling more pessimistic than ever

Just two weeks before the midterm elections, Americans' concerns about the current status of the economy and inflation caused a dramatic decline in consumer confidence in October.

The Conference Board's measure of consumer confidence fell to 102.8 from 107.8 in September, primar...

Even though the Fed survey indicates that the economy grew in September, expectations for the future are becoming more pessimistic.

A national survey of the 12 regional banks of the Federal Reserve revealed on Thursday that the U.S. economy grew marginally in September, helped by a substantial upswing in travel and tourism and constant or expanding activity in manufacturing.

Higher interest rates and inflation are h...

Thailand's Economy Will Be Boosted by Digital Technology

The direction of Thailand's Digital Economy and Society Development Fund (DE Fund) for 2023 has been set by General Prawit Wongsuwan, Deputy Prime Minister and Chair of the DE Fund Executive Committee, to enhance Thai economic and social development capability through digital technology.

Thailand will adopt Personal Data Protection by June

Thailand's Digital Economy Promotion Agency (DEPA) has stated that the Personal Data Protection Act will be implemented (PDPA). It was charged with creating a digital start-up and service provider account registration system. To increase the services available to digital firms in Thailand, di...

Is Thailand's future in the metaverse

Thailand has been focusing on the digital economy as a new economic engine in the aftermath of the 2014 military coup, which has resulted in a slowdown in growth.

The persistent slow economic performance has been blamed on a long-running political struggle and fundamental changes in eco...

An MoU was Signed Between DES Ministry and Huawei for Further Strengthening the Cloud Collaboration

On Friday, a memorandum of understanding (MoU) was signed between the Digital Economy and Society (DES) Ministry and Huawei Technologies (Thailand) with the aim to further deepen the cooperation in Government Cloud.

This move will hopefully improve the digital governance’s operati...

UAE Announces New Regulations to Support Non-Oil Economy

The first Cabinet meeting of the year in UAE focused on strengthening the country’s economy by easing foreign investment and promoting businesses.

The UAE is well aware of the fact that as the world moves towards cleaner and renewable energy sources, its oil and gas sector that on...

UAE is Expecting 20 Percent Rise in Patent Applications

The United Arab Emirates has introduced a new law concerning the industrial property in the region with the aim of boosting the confidence of investors and stimulating innovation. 

The country’s Ministry of Economy is expecting a rise in the number of patent applications by 2...

Dubai’s Economy Recovering from the Pandemic

Dubai has announced that 181 billion dirhams have been set aside as the budget of the next three years to improve the Emirati’s quality of life and to ensure that it continues to attract foreign talent.

The budget is focused on recovering from the Covid-19 and enhancing developmen...

US PRODUCTIVITY SLUMPS SHARPLY AT 4.8% RATE IN OCTOBER-DECEMBER QUARTER

Highlights

• The report released on Thursday stated that after rising strongly in the first two quarters, the productivity fell at a rate of 4.8 percent in the last quarter

• The labor costs has gone up by 6.8 percent rate in the quarter ended in December after it we...

JAPAN GOVT. TO SECURE 20,000 FREEZERS FOR HOSPITAL STORAGE OF COVID-19 VACCINES

Highlights –

• Japan govt. to secure 20,000 freezers for hospital storage of COVID-19 vaccines.
• The govt. will sign contracts with four freezer makers.
• Japan govt. has secured 310 million vaccine doses from Pfizer Inc., Moderna Inc., an...

U.S. TREASURY SECRETARY NOMINEE JANET YELLEN TO PRESENT $1.9 TRILLION STIMULUS PACKAGE

Highlights

• The Senate Finance Committee's hearing is expected to feature several topics like foreign-exchange policy to taxes

• The most important topic in this hearing will be the President-elect Joe Biden’s $1.9 trillion coronavirus relief plan