economy

Global Economy

Even Koreans Fleeing the Market: KOSPI Underperforms Worse Than War-Torn Russia

The South Korean stock market is struggling, with the KOSPI failing to rise and performing worse than Russia despite its ongoing war.
Japanese economy

Tokyo Hotel Prices Soaring Beyond $100: Why Business Travelers Are Struggling

Tokyo hotel prices have soared beyond $100 per night, with business travelers facing tough choices. Here's why prices are skyrocketing.
Japanese economy

Yen Drops After Bank of Japan Holds Off on Interest Rate Hikes

The yen weakens to $0.0064 as the Bank of Japan postpones rate hikes, prompting a sell-off in yen and dollar buying on Dec. 19.
Enterprise

Volkswagen Faces Crisis: Layoffs, Factory Closures, and Stock Plunge Amid EV Shift

Volkswagen is in crisis, laying off thousands, closing factories, and seeing stock drops as it shifts to electric vehicles (EVs).
Global Economy

Market Crash Warning? Buffett Hoards $330 Billion in Cash – What It Means

Warren Buffett's Berkshire Hathaway increases cash reserves to $330 billion, sparking concerns of a potential market crash.
Global Economy

Venezuela’s Hyperinflation: $1M Drops to $7, 35% of Population Flees

Hyperinflation in Venezuela devalues $1M to $7, forcing 7.7M people to flee. Poverty rises as many survive on garbage meals.
Global Economy

Dow Drops for 10th Straight Day, Down $1,123 to $42,326, First in 50 Years

The Dow Jones fell $1,123 to $42,326, marking its first 10-day losing streak in 50 years amid concerns over high US interest rates.
Japanese economy

Japan’s Household Financial Assets at 2,179 Trillion Yen, Down Due to Market Decline

Japan's household financial assets fell to 2,179 trillion yen due to stock market decline and a strong yen, the first drop in 8 quarters.
Enterprise

Mitsubishi Motors Joins Honda-Nissan Merger Talks, Competing with Toyota

Mitsubishi Motors may join Honda-Nissan's merger talks, potentially creating a global competitor to Toyota.
Japanese economy

Honda and Nissan to Merge: Talks Begin for New Holding Company

Honda and Nissan are in talks to merge under a new holding company, aiming to strengthen their position in the global market.
Global Economy

6.14 Million in South Korea Default on Loans; $35 Billion Past Due Balance

Over 6 million South Koreans face loan arrears, with $35 billion overdue. High interest rates and prices worsen economic strain.
Japanese economy

Japan Targets 60 Million Inbound Tourists by 2030 to Revitalize Economy

The Japanese government plans to double inbound tourists to 60 million by 2030, surpassing the auto industry in foreign revenue.