As a result of massive pay increases granted by businesses during yearly wage talks, Japanese workers' average base pay increased by 2.5% in May, marking the highest rate of increase in 31 years. Part-time employees witnessed especially significant increases.   However, as a result of rising...

According to Federal Reserve Bank of New York President John Williams, the Fed has successfully slowed the rate at which consumer prices are rising in the United States, but it has not yet reached its inflation target. Williams stated at a Reserve Bank of India event in Mumbai that "at this point,...

According to Luis Gallego, CEO of International Consolidated Airlines Group S.A. (IAG), European airlines would have to increase ticket prices to offset the expense of cutting harmful emissions, as reported by the Financial Times. Gallego said that abandoning flying would have a significant effect...

While talks with China are ongoing, the European Commission has placed temporary extra charges on the importation of Chinese electric motor vehicles (EVs) into the EU. "The Commission concluded that the EV value chain in China benefits from unfair subsidization, which poses a risk of economic...

In order to offset Western sanctions imposed over the Ukraine crisis, Russia's central bank advised enterprises to adopt "multiple choice solutions" to enable payments with overseas partners, including cryptocurrency and other digital assets.   The previous few weeks have seen significant...

China's population is declining, and this will eventually have a negative impact on the country's economy, labour force, and fiscal policy.   According to estimates derived from analysing UN-released world population data, "the working age population [in China] will fall so rapidly over the...

EU nations are unsure whether to approve more taxes on electric cars made in China, underscoring Brussels' difficulty in garnering support for its biggest trade case to yet as Beijing threatens extensive reprisal.   According to a government source, Germany, whose automakers made almost a...

According to EU statistical office Eurostat, the EU purchased 183.8 million tonnes of energy products worth €95.5 billion between January and March of 2024. Comparing the two, the former decreased by 10.4% and the latter by 26.4% year over year. In terms of value, natural gas imports decreased by...

The London Stock Exchange Group reports that the Hong Kong Stock Exchange saw $6.3 billion in share and convertible bond offers in the first half of this year, a 43.8% decrease from the same period last year. According to Hong Kong Business, it is the lowest since 2003, when SARS interrupted...