Economy
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Prices in Japan edged up modestly in August
Sep 23, 2018Prices in Japan edged up modestly in August, according to government data on Friday, as the world’s third-largest economy continues its years-long battle with deflation. Inflation stood at 0.9 percent year-on-year in August, still far below the... -
Oil prices slipped on Thursday after U.S. President Donald Trump criticizes OPEC
Sep 20, 2018Oil prices slipped on Thursday after U.S. President Donald Trump called on OPEC to “get prices down now!” ahead of a meeting of major oil exporters in Algeria this weekend. Brent crude oil LCOc1 was down... -
Digital currency worth around 6.7 billion yen stolen in Japan
Sep 20, 2018Digital currency worth around 6.7 billion yen ($60 million) has been stolen in Japan following a hacking attack, a virtual exchange operator said on Thursday. Osaka-based Tech Bureau, which operates virtual currency exchange Zaif, said its server... -
The UK inflation rate unexpectedly hits six-month highest
Sep 19, 2018The UK inflation rate unexpectedly rose in August to 2.7%, the highest level in six months. Economists had expected a Consumer Prices Index rate of 2.4%. The pound rose after the data was released by the... -
Robots to displace millions of jobs globally, WEF says
Sep 17, 2018Millions of jobs are likely to be displaced by automation but we have less to fear from robots than some might think, a report from the World Economic Forum has suggested. The Swiss think tank predicts that... -
Oil prices rose sharply on Tuesday
Sep 4, 2018Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane. U.S. light crude rose $1.60 a barrel from Friday’s close to a peak of $71.40,... -
UK unemployment fell by 65,000 to 1.36 million since 1975
Aug 15, 2018UK unemployment fell by 65,000 to 1.36 million in three months to June – the lowest for more than 40 years, official figures from the Office for National Statistics (ONS) show. They also show a rise... -
The US economy added 157,000 jobs in July
Aug 3, 2018The US economy added 157,000 jobs in July – 33,000 fewer than expected and well below the 248,000 created in June. Economists had forecast that the number of jobs created would be close to 190,000 for... -
India exempted sanitary pads from the Goods and Services Tax
Jul 22, 2018The Indian government on Saturday exempted sanitary pads used by women from the Goods and Services Tax (GST). GST was reduced on many other items, said an official statement issued by finance minister Piyush Goyal. It... -
Japan logged a trade surplus in June after booking a deficit the previous month
Jul 20, 2018Japan logged a trade surplus in June, after booking a deficit the previous month, official data showed Thursday, with exports rising despite ongoing international trade tensions. Finance ministry data showed a surplus of 721.4 billion yen...