The number of foreign direct investment (FDI) projects in Germany declined for the fifth year in a row in 2022, according to a new survey. Germany ranked third among European countries with 832 FDI projects [Read More]
U.S. chip designer Qualcomm has recently signed an agreement to acquire the Israeli car communications company Autotalks. The amount of the deal, carried out through Qualcomm’s subsidiary Qualcomm Technologies, was not revealed, but was estimated [Read More]
The European Union’s (EU) economy has avoided a recession and is now on a path of moderate growth in 2023 and 2024, Paolo Gentiloni, European commissioner for economy, said on Monday. “The EU economy is [Read More]
The United Kingdom’s (UK) economy grew by 0.1 percent in the first quarter (Q1) of this year, official figures showed on Friday. In output terms, the services sector grew by 0.1 percent between January and [Read More]
Hong Kong’s Hang Seng Index jumped 2 percent to surpass the 20,000 points mark shortly into Monday’s afternoon trading session, and the Hang Seng Tech Index also surged nearly 2 percent. ■
THE Israeli government’s 12-month budget deficit increased significantly from 300 million shekels (82.7 million U.S. dollars) to 4.9 billion shekels in a month, mainly due to the shrinking tax revenues. The Israeli government’s total tax [Read More]
More German companies reportedly consider relocating their production abroad due to high cost structures, according to German experts and media reports. A recent survey conducted by the Association of German Chambers of Industry and Commerce [Read More]
The Bank of Japan (BOJ) has decided to maintain its ultralow interest rates at the conclusion of its two-day policy-setting meeting, the first held under new governor Kazuo Ueda. The central bank staying pat on [Read More]
– The Reserve Bank of Fiji (RBF), the country’s central bank, has approved further relaxation of exchange controls, which will come into effect from June 1. According to Fiji Broadcasting Corporation news website, the RBF [Read More]
The Japanese government has revised down the composite index of coincident economic indicators for February. According to the Cabinet Office, the revised coincident index, which reflects current economic conditions, came in as 98.6 against 100 [Read More]
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