A shop employee stands in front of binoculars on display at a department store in Tokyo on October 22, 2021. Behrouz Mehri | AFP | Getty Images Japan has lost its spot as the world’s third-largest economy to Germany, as the Asian giant unexpectedly slipped into recession. Once the second largest economy in the world, … Read more
CNBC’s Jim Cramer on Wednesday said investors shouldn’t be worried in this market, listing five bearish “scares” that he said are part of the normal market rhythm and shouldn’t worry Wall Street so much. “All I ask is that when these professional bears come on, could they just remember that this is not the day … Read more
A beloved café in Sydney’s inner west has announced it will be closing its doors after over 12 years in business. Cornersmith, has been a popular café in the Inner West ever since it opened in Marrickville in 2011. The Annandale site opened in 2016 and became the only outlet when the Marrickville location closed … Read more
Customers shop at an RC Willey home furnishings store in Draper, Utah, Aug. 28, 2023. George Frey/Bloomberg via Getty Images Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers are seeing the prices decline instead of rise. Deflation has largely occurred among physical goods … Read more
Elon Musk, owner of Tesla and the X (formerly Twitter) platform, attends a symposium on fighting antisemitism titled ‘Never Again : Lip Service or Deep Conversation’ in Krakow, Poland on January 22nd, 2024. Beata Zawrzel | Nurphoto | Getty Images It remains to be seen what Tesla will do about Elon Musk’s pay just a … Read more
(L to R) Brazil’s President Michel Temer, Russia’s President Vladimir Putin, China’s President Xi Jinping, South Africa’s President Jacob Zuma and India’s Prime Minister Narendra Modi pose for a group photo during the BRICS Summit on September 4, 2017. Wu Hong | Afp | Getty Images Millionaire population in the BRICS countries will see a … Read more
A general view of the skyline of the Singapore Central Business District, the Marina Bay Sands, the ArtScience Museum and the seating platform at Marina Bay on August 1, 2015 in Singapore. Suhaimi Abdullah | Getty Images SINGAPORE â Singapore lowered its full-year growth for 2023, as official data on Thursday showed the economy grew … Read more
A car has caught fire in a major Sydney tunnel, causing multiple lanes to shut and traffic to build up. The Sydney Harbour Tunnel is currently closed southbound due to the incident, which began at 12.12pm on Thursday, while the Eastern Distributor is closed in both directions. Fire and Rescue NSW said crews were working … Read more
A Renesas Electronics Corp. central processing unit (CPU) board and microcontrollers. Kiyoshi Ota | Bloomberg | Getty Images Japanese semiconductor firm Renesas Electronics said Thursday that it would acquire Sydney-listed software company Altium for 9.1 billion Australian dollars ($5.89 billion) in cash, as it seeks to streamline its electronics design process. Renesas said it would … Read more
An editorial picture of the Japan flag set against an economic trend graph and images associated with the stock market, finance and digital technology. Manassanant Pamai | Istock | Getty Images Japan’s economy dipped into a technical recession, after unexpectedly contracting again in the October-December period, provisional government data showed Thursday. High inflation crimped domestic demand … Read more
