Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Japanese Labor Groups Seek Significant Wage Hikes in Face of Wage Decline

In September, Japan witnessed an 18month consecutive decline in real wages and a sustained drop in consumer spending. Increasing prices have eroded th

In September, Japan witnessed an 18month consecutive decline in real wages and a sustained drop in consumer spending. Increasing prices have eroded the purchasing power of households, raising the pressure on labor groups to push for higher wages. These wage trends are closely observed by financial markets, and the Bank of Japan sees substantial pay increases as vital to ease its loose monetary policy. Inflationadjusted real wages fell by 2.4% in September compared to the previous year, with a slight improvement from a 2.8% drop the previous month. The consumer inflation rate used for calculating real wages, which includes food but excludes rent, slowed to 3.6%, the lowest in a year. Read More..

B2B Tech News | 2 years ago        

Bitcoin Makes Remarkable Comeback, Reaching 18Month Price High

Bitcoin has more than doubled in value this year, rebounding from a turbulent 2022. It recently reached around $35,000, the highest level in 18 months

Bitcoin has more than doubled in value this year, rebounding from a turbulent 2022. It recently reached around $35,000, the highest level in 18 months, following a 64% drop last year. Anticipations of the U.S. SEC approving cryptocurrency ETFs after a decade of consideration have contributed to a 25% rally in the past two weeks. A federal appeals court decision favored Grayscale Investments in its ETF creation. Despite potential shortterm price fluctuations, Bitcoin is expected to rise in the long term, as stated by James Butterfill, head of research at CoinShares. Read More..

B2B Tech News | 2 years ago        

NimbusPost Empowers Small Businesses with AIPowered Global Shipping Services

The holiday season is crucial for ecommerce and D2C brands, but it also brings order surges that stress courier partners, especially for MSMEs engaged

The holiday season is crucial for ecommerce and D2C brands, but it also brings order surges that stress courier partners, especially for MSMEs engaged in global imports. To address these challenges, NimbusPost, a techdriven shipping aggregator, has launched import services from Far East countries to India, focusing on China, Hong Kong, South Korea, and Singapore. They use AI, machine learning, and automation to simplify logistics, help clients choose suitable couriers, and offer tools to reduce nondelivery reports. NimbusPost plans to expand into logistics markets in the US, Australia, Singapore, Dubai, and other Southeast Asian countries. Read More..

B2B Tech News | 2 years ago        

Russian Oil Cuts 300,000 Barrels a Day Reduction Continues Until Year End

Russia will extend its voluntary oil export cuts by 300,000 barrels per day until the end of 2023, as announced by Deputy Prime Minister Alexander Nov

Russia will extend its voluntary oil export cuts by 300,000 barrels per day until the end of 2023, as announced by Deputy Prime Minister Alexander Novak. These cuts began in September and October and will continue through late December 2023. Additionally, a market analysis will determine whether to continue or increase these cuts in the future. Russia initially reduced oil production by 500,000 barrels per day in April 2023, which will persist until late December 2024. These cuts aim to support OPEC+ efforts to stabilize oil markets. The decision to extend and expand these cuts followed various meetings and discussions throughout the year. Read More..

B2B Tech News | 2 years ago        

South Koreas ShortSelling Ban Paving the Path to Fair Play

To provide a "level playing field" for institutional and ordinary investors, South Korea will reintroduce the restriction on short sales of shares, wh

To provide a "level playing field" for institutional and ordinary investors, South Korea will reintroduce the restriction on short sales of shares, which will last until at least June 2024. For the majority of equities, the prohibition remained in effect until May 2021, when it was lifted for shares of businesses with significant market capitalization in the KOSPI200 and KOSDAQ150 indexes. The action is meant to combat unethical trading practices and perceived disparities between institutional and individual investors. In June, the prohibition will be reevaluated to determine whether or not enough progress has been made to justify lifting it. In addition, South Korea is looking into the practices of naked shortselling and other aspects of shortselling by international investment banks. Read More..

B2B Tech News | 2 years ago        

Berkshire Hathaways Resilience Profits Soar Despite Losses

Berkshire Hathaway, led by Warren Buffett, reported a net loss of $12.77 billion in the third quarter, up from $2.8 billion the previous year. This lo

Berkshire Hathaway, led by Warren Buffett, reported a net loss of $12.77 billion in the third quarter, up from $2.8 billion the previous year. This loss was primarily attributed to a decline in stock prices, including holdings in Apple. However, the company achieved a record operating profit of $10.76 billion, a 41% increase, thanks to robust performance in its insurance business and higher yields from U.S. Treasury bills due to rising interest rates. The Geico auto insurance and reinsurance units benefited from fewer car accidents and a calm hurricane season. Berkshire now holds a record $157.2 billion in cash, positioning it for potential significant acquisitions as stock repurchases slowed to $1.1 billion, and the company sold $5.3 billion more stocks than it purchased. Read More..

B2B Tech News | 2 years ago        

Itochus Profit Decline Linked to Resource Price Drop

Itochu, a Japanese trading company, reported a 14.5% decrease in net profit for the first half of 2023. The company attributed this reduction mainly t

Itochu, a Japanese trading company, reported a 14.5% decrease in net profit for the first half of 2023. The company attributed this reduction mainly to decreased pricing for iron ore and coal. For the entire fiscal year that ends in March 2024, the business has updated its profit prediction, raising it by JPY 20 billion $169 million to JPY 800 billion $6.8 billion. This change stems from anticipated improvements in nonresource business development and a depreciating value of the yen. Itochu also disclosed a JPY 75 billion $636 million share repurchase programme in addition to the revision of the earnings expectation. Read More..

B2B Tech News | 2 years ago        

Westpac Thrives with 25% Profit Boost

Australian bank Westpac has announced a 25% rise in yearly earnings, offsetting a decline in mortgage lending profits with corporate lending and oneti

Australian bank Westpac has announced a 25% rise in yearly earnings, offsetting a decline in mortgage lending profits with corporate lending and onetime advantages. Its consumer sector, which accounts for about 25% of all mortgages in Australia, experienced a 7% drop in earnings. But profit growth was also seen in the banks smaller commercial and institutional groups, and it also benefited from lower onetime charges, like losses on asset sales. Profits for Westpac as a whole rose to AUD 7.2 billion $4.7 billion. The bank has increased the value of its shares and intends to repurchase AUD 1.5 billion of stock. Read More..

B2B Tech News | 2 years ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   13795   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   11205   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   11514   

4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
   11362   

5.  Approximately 8 billion gadgets connect on the internet every day.
   14401   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.