According to a report by the International Energy Agency (IEA), the demand for fossil fuels must be reduced by 25% by the end of the decade in order to stop global warming By 2030, demand for coal, oil, and natural gas must each decline from 5.8 billion tons in 2022 to 3.25 billion tons, 77 million...

The components of a new economic stimulus package that will be put together next month to assist households in easing the pain of price increases and improve salaries were presented by Japan's Prime Minister Fumio Kishida on Monday. According to Kishida, his cabinet would be given the go-ahead to...

Global investors have been drawn to Indonesia by its EV-friendly policies, but experts believe there is potential for even greater investment growth in Southeast Asia's automotive sector as a whole.   Anindya Novyan Bakrie, CEO and president director of Bakrie & Brothers, an Indonesian...

European households and companies continue to experience high inflation, and the region's central banks have not yet declared success in bringing it down to target.   However, September saw a shift in the tone of their communications as some central banks paused interest rate increases after...

The percentage of credit card payments that are past due will increase at the fastest rate in 30 years in the United States, excluding the time of the financial crisis in 2008–2009, Goldman Sachs analysts forecast. In 2021, the proportion of credit cards whose owners failed to make timely payments...

Even China's 1.4 billion people wouldn't be able to fill all the vacant flats strewn around the nation, a former official claimed on Saturday in a rare instance of public criticism of the crisis-hit real estate sector in the nation.   The once-important Chinese real estate market has been in...

Given the "extremely high uncertainties" surrounding the prospects for both domestic and international development, the Bank of Japan kept its ultra-loose monetary policy and left interest rates unchanged on Friday.   The Bank of Japan announced in a policy statement following its meeting in...

According to South Korea, the United States has been contacted to clarify any ambiguities over incentives for chip investment and export restrictions.   Before the year-long waiver for Samsung Electronics and SK Hynix to import American chip-making equipment into China expires next month,...

A flurry of product announcements from startups and IT giants have been made nearly daily as a result of China's obsession with generative artificial intelligence, but investors are warning that a shakeout is about to occur as cost and profit demands increase.   A senior Tencent executive...