Tag: Business
Former Minister Yamagiwa Named Chip Czar by Japan’s LDP
Japan's ruling party, the Liberal Democratic Party (LDP), has appointed Daishiro Yamagiwa as the new chairman of its semiconductor promotion group. This move comes as the government aims to enhance funding for the semiconductor...
Chinese Tech Giants Establish AI Teams in Silicon Valley – A Strategic Move for...
Chinese tech giants have recently made a strategic move by establishing artificial intelligence (AI) teams in Silicon Valley. This decision reflects their commitment to innovation and growth in the rapidly evolving tech industry.By setting...
Lowering Power Costs in China’s Factory Heartland: Support for Exporters
China's industrial heartland, particularly the southern province of Guangdong, is making efforts to lower electricity prices to support struggling exporters and shift economic challenges to power plants. Negotiations for new annual contracts are underway,...
Pakistan’s Fiscal Year 2022: No Further Tax Increases Planned
Pakistan's government has announced that there will be no additional taxes imposed in the current fiscal year. The Finance Minister, Muhammad Aurangzeb, expressed confidence in meeting the tax revenue target of 13 trillion rupees...
Goldman Sachs Downgrades Australia Economic Forecast Amid Trump Tariff Concerns
Goldman Sachs Group Inc. has revised its economic growth forecast for Australia in 2025, citing potential negative effects from the anticipated increase in tariffs on China by the incoming Trump administration. The new forecast...
US Bank Trading Assets Surpass $1 Trillion Milestone
US Bank recently announced that its trading assets have surpassed the $1 trillion milestone. This achievement highlights the bank's strong performance in the financial markets and its ability to generate significant returns for its...
October Inflation Shows Slight Increase Amid Long-Term Downward Trend
The latest inflation report released by Statistics Canada for the month of October is expected to show a slight increase, according to economists. Despite this uptick, experts believe that overall, inflation is on a...