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The Cabinet of Japan in the March review pointed to the gradual recovery of the country's economy, noting, however, signs of weakness in production and exports. Fears caused by the upcoming consumption tax in October and the consequences of the US and Chinese trade disputes forced the Japanese government to worsen the assessment of the state of the country's economy for the first time in 3 years. The consumption tax in Japan may rise in October from 8% to 10%. The concern is also caused by a slowdown in the Chinese economy and fluctuations in financial and capital markets.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
KYC Policy