Panasonic, a Japanese electronics company that supplies batteries to Tesla, announced on Friday ( May 9 ) that it will target 10,000 job cuts around the world as part of efforts to boost profitability. The team’s workforce, which is roughly 4 % of its workforce of almost 230, 000, mayContinue Reading
Taiwan’s trade-dependent economy increased at its fastest rate in a year in the first third of 2025, compared to the last quarter of 2024, as a result of powerful export growth and strong tech require prior to the possible US import tariffs ‘ advantages. Taiwan is a significant hub inContinue Reading
Asian stocks were volatile on Monday ( Apr 28 ) as investors assessed how the land lies on the trade war front with nations attempting to attenuate Donald Trump’s startling tariffs. After President Xi Jinping and other top officials discussed strategies to increase consumption in the nation’s second-largest business lastContinue Reading
Toyota Motor announced that it is considering whether to invest in a prospective$ 42 billion purchase of Toyota Industries, a key component provider. Following reports about the potential buyout, the manufacturer said in a filing with the Tokyo stock exchange on Saturday that” we are now exploring different options, includingContinue Reading
On Thursday ( Apr 24 ), Asian markets were mixed after President Donald Trump declared he had” no intention” to fire the US central bank head and made diplomatic remarks about his trade dispute with China. Trump’s criticism of the Federal Reserve for not cutting interest rates had sparked fearsContinue Reading
As Beijing’s trade dispute between the United States and China gets worse, a report from on Tuesday ( Apr 15 ) revealed that China has instructed its airlines to stop taking deliveries of jets from the American aviation giant Boeing. The two biggest markets have been engaged in a tit-for-tatContinue Reading
The top currency diplomat of Japan announced on Wednesday ( Apr 9 ) that it would work with the Group of Seven advanced economies and the International Monetary Fund to stop a market rout caused by US tariffs. After a trilateral meeting of executives from Japan’s Ministry of Finance, theContinue Reading
Tokyo: A rebound rally on Wall Street was halted by worries about a US-China trade war as Japan’s main Nikkei index of shares fell in early trading on Wednesday ( April 9 ). South Korea’s currency, on the other hand, dropped to its lowest level against the dollar since 2009,Continue Reading
HONG KONG: Asian markets battled on Tuesday ( April 8 ) to recover from the tariff-heavy collapse the day before, but Donald Trump’s warning of additional measures against China and Beijing’s pledge to fight” to the end” raised concerns that the trade war might worsen. Since the US president announcedContinue Reading
Trump retaliated on Monday, saying he was” no looking” at any delay in the application of tariffs. However, brokerage firm Monex stated in a note that” NVidia’s stabilization and the 2.7 % rise in the Philadelphia Semiconductor Index ( SOX ) are expected to trigger buybacks in Japan’s high-priced, semiconductor-heavyContinue Reading