Election Results Trigger 4% Dip in Japan’s Stock Market
Japan’s stock market crashed sharply after Japan’s Liberal Democratic Party elected Shigeru Ishiba as the country’s next prime minister. According to the New York Times, Japan’s Nikkei 225 index fell by 4% in early trading sessions of Monday. Mr Ishiba defeated Sanae Takaichi, a disciple of Shinzo Abe who remains
Tata And PSMC Unite to Build India’s Semiconductor Future
Tata Electronics, a subsidiary of Tata Sons, has signed a key technology transfer deal with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC), Tata Group said in a statement. Under the agreement, PSMC will help design and build a greenfield Fab in Dholera, Gujarat. They will also license various technologies and provide
Anatomy of Crypto – How Does Cryptocurrency Work?
Have you ever found yourself asking, “How does cryptocurrency work?” You’re not alone! As digital currencies sweep the globe, they’re igniting curiosity and a bit of confusion. Imagine a world where your money lives in the cloud, moving effortlessly across borders with just a few clicks. No banks, no waiting—just
China Prepares $142 Billion Bank Support Amid The Crisis.
According to Bloomberg, China plans to add $1 trillion yuan ($142 billion) to its biggest state banks by issuing new special sovereign bonds to strengthen them against the weakening economy. However, the details are not yet public and are subject to change. Bloomberg further mentions that “China is rushing to
Sri Lanka’s Parliament Dissolved For Nov. 14 Elections
Sri Lanka’s newly elected President, Anura Kumara Dissanayake, has dissolved Parliament to facilitate an early general election in the debt-laden nation, as confirmed by a government gazette notification on Tuesday. The notification indicates that the election will take place on November 14, with the new Parliament scheduled to convene on
Vietnam & U.S. Ink MoU on Lastest Technology Trends
In a recent development, Vietnam and the United States signed a memorandum of understanding (MoU) during a business forum in the U.S. to enhance cooperation in energy, artificial intelligence, and data centres. According to the Vietnamese government, the MoUs cover several key agreements, including: Energy technology transfer between Vietnam’s state
Samsung Invests In Vietnam Plant For Manufacturing OLED
South Korean electronics giant Samsung plans to expand its production in a Vietnam plant with $1.8 billion. The expansion will focus on OLED (Organic Light-Emitting Diode) displays for automobiles and technology equipment. This news comes after the meeting between Prime Minister Minh Chinh and the General Director of Samsung Vietnam,
Federal Reserve Rate Cut Fuels Gains in Asian Markets
In the latest development, the Federal Reserve reduced its interest rates by 50 basis points, bringing them to a range of 4.75% to 5%. Later, the Hong Kong Monetary Authority followed suit and reduced its interest rate by 50 basis points to 5.25%. The tax cuts led to a rally
Hong Kong Makes The First Rate Cut Since 2020
This was the first time the Hong Kong Monetary Authority (HMKA) reduced its base interest rates in the last four years after the Federal Reserve eased its monetary policy. Hong Kong’s interest rate fell by 50 basis points to 5.25% from the all-time high since 2007. HMKA Deputy Chief Executive
Japan’s Elderly Population Risen To All-Time High
Government data released after the ‘Respect for the Aged Day‘ event showed that Japan’s elderly population had risen to an all-time high of 36.25 million. While the country’s overall population is declining, the segment of those aged above has grown to 29.3% of the population, the highest number in any
