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Economy
Toyota global output record high for November as supply-crunch eases
Toyota Motor Corp. said Monday that its global output for November rose 1.5 percent from a year earlier to 833,104 vehicles, hitting a record high for that month.
While four other Japanese carmakers, including Nissan Motor Co. and Honda…
Japan aims to reduce reliance on energy and food imports
The central government aims to step up efforts to reduce the country’s reliance on imported energy sources and food as prices soar due to growing geopolitical tensions and a weaker yen.
Funding for measures to strengthen the country’s…
Prices set to rise in Japan for over 7,000 food items on cost hike
Food prices will continue to surge in Japan in the first four months of 2023, with those of more than 7,000 items set to climb on the back of rising logistics and personnel, as well as high material costs, according to a recent survey by a…
With China ties still thawing, Australia looks to double India trade
Australia is eyeing India’s burgeoning middle class to help offset the economic damage wrought to some of its major exports by the twin headwinds of Covid-19 and heavy restrictions imposed by its biggest trade partner, China.
With a…
Turkish-Saudi business and investment forum kicks off
The activities of the Turkish-Saudi Business Forum were launched, featuring the Turkish Minister of Treasury and Finance and the Saudi Minister of Investment.
The forum came to start real steps to reach the goal of bilateral trade volume…
Australia facing economic time bomb amid surging interest rates
Soaring inflation is leading to sharp interest rate rises around the world, but the consequences could be much worse for Australia because of its staggeringly high levels of household debt.
In each month since May, Australia’s central…
India’s export destinations: Netherlands and Brazil leapfrog ahead
Netherlands and Brazil have jumped ahead from their previous positions on India's list of export destinations in the ongoing fiscal, a TOI report showed.
Citing commerce department data, the report highlights that the Netherlands is now…
Germany pushes back on Putin’s ‘blackmail’ with gas terminal
Germany opened its first state-chartered liquefied natural gas vessel as Europe’s largest economy races to replace Russian gas amid an energy crunch and freezing temperatures.
“As of today, Germany and the EU will become a great deal more…
Japan New Year domestic trips forecast at 72% of pre-pandemic levels
The number of holidaymakers in Japan making domestic trips during the New Year vacation period is expected to rise by 3 million from a year earlier but remain at 71.8 percent of pre-pandemic levels, or 21 million people, according to travel…
Malaysia to cut power subsidies to large businesses, PM Anwar says
Malaysia will start reducing power subsidies for large businesses and multinational corporations, Prime Minister Anwar Ibrahim said, as the government looks to channel spending toward the needy.
Subsidies should not be given to…