According to the leader of Japan's largest labor organization, the year 2023 will be a watershed year for salaries.

According to the leader of Japan's largest labour union, this year is crucial for the Japanese economy to shift away from decades of deflationary thinking toward sustainable real wage growth. First female leader of the Japanese Trade Union Confederation, or Rengo, Tomoko Yoshino, has emphasiz...

With the domestic economy booming and international risk appetite low, Mukherjee Saurabh

Until definitive clarity emerges on that, I think we will see a degree of apprehension throughout the globe on markets, whether it be Indian equities, American equities, or even European shares," says Saurabh Mukherjee, Founder, Marcellus Investment Managers. The economy appears to be in exc...

The global economy as seen on a map: lowered growth projections

Against the backdrop of persistent inflation and higher interest rates, economists from Wall Street to the World Bank are growing increasingly persuaded that most of the world will be in recession this year. The Washington-based lender predicts that global GDP will grow by 1.7% this year, which i...

As the economy weakens, governments and businesses around the world are investing less in technology and fewer in services for running a business

On Thursday, HCL Technologies NSE 1.60% reported a 19% increase in consolidated net profit, to Rs 4,096 crore, compared to the same period last year. To the tune of Rs 26,700 crore, quarterly income was up nearly 20% year-over-year. The final tally surpassed expectations, which were put at Rs 3,6...

Investment in information technology and business services around the world drops as the economy cools

Concerns about the global economy have resulted in a decrease in spending on information technology and business services during the past three months. According to data compiled by technology advisory firm ISG, spending dropped to $23bn in Q3 2022, down 3% from the same period in 2021. Investmen...

When it comes to innovation, Germany's economy is unrivalled

When it comes to cutting-edge innovation, Germany is currently in the lead, in no little part because of how quickly it is developing technology like autonomous vehicles. In the most recent edition of the Global Competitiveness Report published by the World Economic Forum, Germany was ranked firs...

These nations want to end the global 'poly crisis' by focusing on factors other than gross domestic product.

The global standard for measuring economic health has become inadequate for a rising number of countries. Finland, Iceland, Scotland, Wales, and New Zealand are all part of the Wellbeing Economy Governments cooperation, which is led by a majority of women. As it grows in size over the next severa...

Utilizing Digital Technologies to Realize a Carbon-Free Economy at COP27

At COP27, industrial software company AVEVA will highlight the ways in which digital technologies can assist public-private partnerships and unlock innovation to help bridge the implementation gap on climate change.

From November 6-18, 2022, Sharm El Sheikh, Egypt, will play host to the...

With an aim to support Tamil Nadu's USD 1 trillion vision plan, the chemical sector is aiming for USD 70 billion.

An official stated on Wednesday that for Tamil Nadu to realise its goal of a $1 trillion economy by 2030, the chemical industry needs to grow to USD 70 billion, or more than 10 times its current size. As the chemical sector expands to a USD 70 billion market, analysts predict that indirect job cr...

The state of Tamil Nadu has a vision of becoming worth $1 trillion, while the chemical sector there hopes to reach $70 billion.

On Wednesday, a government official in Tamil Nadu stated that in order to realize the state's goal of a $1 trillion economy by 2030, the chemical industry in the region must grow to $70 billion. This represents a more than 10-fold increase from its current size. As the chemical sector expands...

Germany has agreed to withdraw from the Energy Charter Treaty

The pact has been criticized for impeding attempts to minimize the use of fossil fuels by permitting corporations to sue for damages. The agreement commits its signatories to its terms for a period of 20 years.

Germany is leaving the Energy Charter Treaty, stated Economy Minister Robert...

In October, inflation has consumers feeling more pessimistic than ever

Just two weeks before the midterm elections, Americans' concerns about the current status of the economy and inflation caused a dramatic decline in consumer confidence in October.

The Conference Board's measure of consumer confidence fell to 102.8 from 107.8 in September, primar...

Even though the Fed survey indicates that the economy grew in September, expectations for the future are becoming more pessimistic.

A national survey of the 12 regional banks of the Federal Reserve revealed on Thursday that the U.S. economy grew marginally in September, helped by a substantial upswing in travel and tourism and constant or expanding activity in manufacturing.

Higher interest rates and inflation are h...

Germany's power bill subsidies will total €13 billion

The monies, according to Economy Minister Robert Habeck, will assist in covering costs for firms and consumers. The billions won't stop energy transmission corporations from hiking costs, though.

On Wednesday, German Economy Minister Robert Habeck announced that Berlin would pay the...

Is China too important to Germany's economy

Berlin's government is working to lessen the country's reliance on its largest commercial partner. However, the German business community is skeptical.

The Port of Hamburg is the primary seaport for Germany and serves as the country's primary point of entry to the rest of th...

Kishida is relying on high-spending travellers to boost the economy.

Fumio Kishida, the prime minister of Japan, promised to restore the country's pandemic-devastated inbound tourism industry by establishing a new target of raising international visitors' combined expenditure to more than 5 trillion yen yearly.

Kishida also stated that the govern...

Economic Indicators Are Declining, Suggesting a Recession

According to the Conference Board, a gauge of the American economy's potential decline continued in August, with the majority of its components falling into the negative region.

Following a 0.5% decline in July, the business organization's primary economic index decreased by 0.3...

India overtakes the UK to become the fifth-largest economy in the world

India overtook Britain on Saturday to become the world's fifth-largest economy. In the first quarter, the UK economy behind India in terms of GDP, according to data from the International Monetary Fund (IMF). Ten years ago, the UK had the fifth-largest GDP, while India had the twelfth-largest...

Lessons For Every Industry From Covid, Healthcare Workers, And The Rise Of The Gig Economy

The previous two years have been unlike anything business leaders I know have experienced in their careers, they all agree. Costs have skyrocketed, supply systems have collapsed, and consumer expectations of firms have changed. The change in the connection between companies and the individuals wh...

Thailand's Economy Will Be Boosted by Digital Technology

The direction of Thailand's Digital Economy and Society Development Fund (DE Fund) for 2023 has been set by General Prawit Wongsuwan, Deputy Prime Minister and Chair of the DE Fund Executive Committee, to enhance Thai economic and social development capability through digital technology.