
Japan’s Offshore Wind Sector Expands as Foreign Firms Boost Investments and Workforce
Aug 24, 2024 13:56 pm UTC| Business Economy
Japans offshore wind industry is gaining momentum as foreign energy companies increase investments and expand their workforce. With new public tenders and government support, the sector is poised for growth, though...

September Rate Cut Nearly Certain as Fed Signals Dovish Shift, Say Experts
Aug 22, 2024 14:29 pm UTC| Economy
The Federal Reserve is poised for its first interest rate cut since 2020, as the minutes from Julys FOMC meeting reveal broad support among officials for a September reduction. Experts now view a rate cut as nearly...

Thailand’s Central Bank Holds Rates Steady Amid Political Uncertainty and Economic Evaluation
Aug 22, 2024 14:26 pm UTC| Business Economy
Thailands central bank kept its benchmark interest rate at 2.5% during its August 21 meeting, citing the need to evaluate the potential economic impacts of recent political instability. Despite inflation trending below...

Asian Markets Slide as Investors Await Key U.S. Economic Data and Fed Signals
Aug 22, 2024 03:31 am UTC| Economy
Asian markets declined on August 21, ending a strong recovery streak in global equities. The dip comes as investors anticipate key U.S. economic data and Federal Reserve speeches, which could signal future interest rate...

Japan’s Exports Surge 10.3% in July, Boosted by Weaker Yen and Auto Demand
Aug 22, 2024 03:12 am UTC| Economy
Japans exports increased by 10.3% in July, driven primarily by a weaker yen and robust demand for chip parts and automobiles, according to data from the Ministry of Finance. Despite a surge in imports, the rise in exports...

UAW Threatens Nationwide Strike as Stellantis Allegedly Breaks Production Promises
Aug 20, 2024 15:43 pm UTC| Economy
The United Auto Workers union announced on August 19 that it may initiate a nationwide strike against Stellantis, accusing the automaker of failing to uphold production commitments. The dispute, involving tens of thousands...

Oil Prices Drop 2% Amid Gaza Ceasefire Talks and China's Economic Slowdown
Aug 20, 2024 15:39 pm UTC| Economy
Oil prices fell by 2% on August 19, with Brent crude dropping below $80 per barrel. The decline comes as successful Middle Eastern peace talks seem likely to reduce supply risks, coupled with concerns over weakening demand...