World

Japan’s central bank, known as the Bank of Japan (BOJ), made a significant move on Tuesday by raising interest rates for the first time since 2007. This decision marked the end of the world’s only negative rates regime and signaled a shift in its monetary policy. The BOJ raised its short-term interest rates to around

The economic data reported by China for the first two months of the year surpassed analysts’ expectations in various key areas. Retail sales increased by 5.5%, beating the forecasted 5.2% rise, while industrial production saw a significant growth of 7%, compared to the estimated 5% increase. Fixed asset investment also rose by 4.2%, exceeding the

Young people in China are facing challenges in the labor market, with fierce competition and limited job opportunities. This has led many job seekers to explore unconventional methods to secure employment. Some have even resorted to working as “full-time children” for their parents in exchange for financial support. In this scenario, platforms like Tinder have

North Korean leader Kim Jong Un recently made headlines by using a Russian luxury limousine gifted to him by President Vladimir Putin. Kim’s sister, Kim Yo Jong, praised the car’s “special function” and highlighted the deepening bilateral ties between North Korea and Russia. This gesture came after Putin sent Kim a high-end Aurus Senat limousine,

Tesla, the well-known electric vehicle maker, recently settled a racist discrimination lawsuit brought by Owen Diaz, a Black man who worked at its Fremont, California factory. The settlement, which put an end to the legal battle, was described by Diaz’s attorney as an “amicable resolution” with confidential terms. This settlement followed a federal jury awarding

Deliveroo, a leading meal delivery firm, reported a significant improvement in its financial performance, with a reduced loss of £31.8 million in full-year results. This marked a substantial improvement from the previous year’s loss of £294.1 million. The company’s adjusted earnings, which exclude one-off costs, saw a positive trend, reaching £85.4 million, surpassing the company’s

With inflation loosening its grip in most economies, investors are closely monitoring interest rate decisions as markets anticipate a series of rate cuts in 2024. Economists are expecting a mild rollback of rates later in the year, according to a recent report by the Economist Intelligence Unit. While rates in most economies are expected to

Boeing’s recent Max crisis is causing some of its major customers to rethink their growth strategies for the upcoming year and possibly beyond. The ongoing quality control issues, slow production increase, and delayed certification of new aircraft are all contributing to the decision-making process of airline CEOs. Southwest Airlines, a loyal customer of Boeing with

Japan recently avoided a technical recession with revised official data showing that the economy returned to growth in the October-December period of the previous year. This was primarily due to strong capital expenditure, which helped bolster the economy. However, the upward revisions fell short of expectations as private consumption continued to remain weak. With signs

Saudi Arabia’s state oil giant, Aramco, recently reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1 billion in 2022. Despite this decrease, Aramco still boosted its dividend payout, with a 4% increase in its base dividend for the fourth quarter, reaching $20.3 billion, and a 9% increase in its performance-linked