Spain Advocates Open Dialogue With China Amid EU Tariff Debate
As shown in the recent move and shift in the international relations in the trade relations, Spain’s economy minister Carlos Cuerpo has advocated for continued engagement with China but at same time the EU is planning on imposing hefty tariffs on electric vehicles. Cuerpo speaking on October 10, 2024 said that it is crucial for […]
Spain Increases UNDP Funding For Sustainable Development
ES Spain has boosted its cooperation with the United Nations Development Programme (UNDP) in line with global sustainable development as Spain has pledged EUR 5 million (USD 5.5 million) in core funding for 2024. Increased funding of 82 % from 68 million EUR supported by Spain in 2023 signifies the country’s commitment and continued support […]
Indonesian Textile Industry Faces Challenges As Layoffs Surge
Indonesia’s once vibrant textile industry which has been a mainstay of the nation’s manufacturing base for many years, has lately been struggling as latest statistics show high levels of redundancy. The Department of Manpower states that the total number of workers laid off during the course of January to August 2024 as 46,240, showing an […]
Indonesia Breaks Ground On First Foreign Investment In New Capital Nusantara
In a historic moment for Indonesia’s Nusantara development plan, the president, Jokowi, tendered the first foreign direct investment in the new capital. The construction was officially launched on Wednesday in a ceremony involving a landmark project that is being funded by a Chinese property company. This event is a landmark in the way that Indonesia […]
Singapore Office Market Stabilizes As Tech and Legal Firms Drive Demand
Singapore’s prime office rental market has stagnated after having shown steady growth for three years, says CBRE. The stabilization of rents of offices represents a new trend of commercial property market of the unique city-state which is indicative of the shifts in the business climate and trends of workplaces. According to the report, the Chinese […]
Singapore Manufacturing Sector Shows Signs Of Recovery
The Singaporean manufacturing industry is on the path of gradual restart, with base effects aiding the improvement and the increasing role of AI technologies. As highlighted by RHB’s recent report these factors are expected to realise the recovery of the sector, that has for a long time now been facing external shocks and cut throat […]
Japanese Companies Use AI To Improve Gaming And Business Operations
Here, in a major boost for both Japanese technology and the nation’s gaming industry in particular, several large firms are beginning to invest in AI technologies as a means of elevating their respective products and services. This is particularly evident in the video games industry where AI is being contemplated for the ability it can […]
Japan Stock Market Surges On Weak Yen and Strong Chip Sector
This must be good news for Japanese investors: the Nikkei index was up today by more than 2% at the start of the trading day. This boosting was mainly due to the depreciation of Yen and a good operating in the semiconductor segment. The appreciation of the yen against key trading partners included primarily the […]
SK Hynix Expands AI Chip Production Amid Surging Demand
South Korean second-largest memory chip maker SK Hynix has doubled down its AI chip production as global demand surges. The memory chip maker is seeking to diversify and reap benefit from the recently emerging artificial intelligence technology trend that has been propelling the semiconductor business forward. The move came shortly after SK Hynix announced it […]
South Korean Companies Rush To Issue Foreign Bonds After US Federal Reserve Rate Cut
The string of rate cuts by the U.S. Federal Reserve has been viewed with enthusiasm by South Korean companies, who are preparing to flood the market with foreign currency bonds. It has followed as companies aim at benefiting from improved conditions in borrowing in the international market. The recent decision by the Fed, to cut […]