After more than a decade, the Bank of Japan has finally decided to raise interest rates, marking the end of the world’s only negative rates regime. This decision comes in light of early signs of robust wage gains in Japan, giving the central bank confidence in the country’s economic growth trajectory. Despite the increase in
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China recently released economic data for the first two months of the year, surpassing analysts’ expectations. Retail sales rose by 5.5%, exceeding the forecasted 5.2% increase. Meanwhile, industrial production saw a significant increase of 7%, compared to estimated growth of 5%. Fixed asset investment also performed well, rising by 4.2%, higher than the predicted 3.2%.
In a country like China, where youth unemployment rates are soaring and traditional job-hunting methods are proving to be ineffective, young professionals are turning to unconventional approaches to secure employment. One such surprising method that has gained popularity among job seekers is the use of the dating app Tinder as a platform for professional networking.
North Korean leader Kim Jong Un recently made headlines by using a Russian luxury limousine gifted to him by President Vladimir Putin. Kim’s sister, Kim Yo Jong, praised the car’s “special function” and highlighted the deepening ties between the two countries. The high-end Aurus Senat limousine was sent to Kim by Putin in February, a
It is concerning to see that a company as prominent as Tesla had to settle a racist discrimination lawsuit involving one of its employees. The fact that a federal jury awarded $3.2 million in damages to Owen Diaz, a Black man who worked as an elevator operator at Tesla’s Fremont, California factory, raises questions about
Meal delivery firm Deliveroo recently reported a £31.8 million ($40.7 million) loss in its full-year results, which is a significant improvement from the previous year’s loss of £294.1 million. However, when adjusting for one-off costs related to exiting certain markets, the company’s adjusted earnings came in at £85.4 million, surpassing its earlier guidance and showing
In the current economic landscape, inflation is slowly easing its grip on most economies worldwide. As the world watches closely, investors are monitoring interest rate decisions, with many anticipating a series of rate cuts to occur this year. The Economist Intelligence Unit recently released a report indicating that while interest rates in most economies are
Boeing’s recent crisis surrounding its Max planes has caused a ripple effect on some of its biggest customers, prompting them to reconsider their growth strategies for the foreseeable future. The airline CEOs have expressed concerns about the ongoing quality control issues, slow production increases, and delays in the certification of new aircraft. Southwest Airlines, known
Japan recently avoided a technical recession as newly revised official data revealed that the economy rebounded in the October-December period of the previous year. Despite this positive turn of events, the upward revisions were not as strong as anticipated. While there was noticeable growth in capital expenditure, private consumption continued to show weakness, which contributed
Saudi Arabia’s state oil giant, Aramco, recently reported a 25% decline in profit to $121.3 billion in 2023. This is a significant drop from the $161.1 billion profit reported in 2022. Despite this decrease, Aramco has decided to boost its mega dividend payout to stakeholders and the Saudi government. The base dividend for the fourth