Latest Business News
Bank of Japan Raises Interest Rates to 30-Year High of 0.75%
The Bank of Japan hiked its key interest rate to 0.75%, the highest in 30 years, signaling potential further increases amid economic pressures. Markets reacted calmly as the move was widely anticipated.
Japan Launches Central Asia+Japan Dialogue with €18 Billion in Business Projects
Japanese Prime Minister announced the Central Asia plus Japan dialogue initiative targeting around 18 billion euros in business projects over the next five years. Proposals include a digital hub, infrastructure fund, green energy, transport, and seismic safety cooperation.
Elon Musk Recovers $55 Billion Tesla Pay Package
A Delaware court awarded Tesla CEO Elon Musk his $55 billion compensation package, boosting his fortune amid ongoing shareholder disputes. The ruling reverses a prior rescission from 2024.
Trump Media Announces $6 Billion Merger with Nuclear Fusion Firm TAE Technologies
Trump Media has merged with fusion power company TAE Technologies in a $6 billion deal, marking a significant expansion into advanced energy. The merger aims to leverage nuclear fusion technologies.
US Forces Enforce Trump-Ordered Oil Blockade off Venezuela Coast
US forces stopped a second tanker near Venezuela following President Trump's blockade of sanctioned oil tankers, impacting global oil prices. The action raises legal concerns over military involvement in Latin America.
Japan's Exports Rise 6% in November on Strong US Shipments
Japan reported a 6% year-on-year increase in exports for November, with shipments to the US rebounding for the first time since March. This boosted world shares amid positive economic signals.
EU Delays Massive Free-Trade Deal with Mercosur Bloc
The European Commission announced a delay in the comprehensive free-trade agreement with South American Mercosur bloc due to ongoing negotiations. The decision affects transatlantic business ties.
TikTok Signs Deals for New US Joint Venture
TikTok has finalized agreements to establish a new joint venture in the US, addressing regulatory concerns and expanding operations. This move supports Southeast Asia's responsible AI and talent plans.
Trump and New Fed Chair Expected to Clash Immediately on Policy
Economists predict immediate conflicts between President Trump and his hand-picked Fed chair, with limited rate cuts anticipated due to AI-driven growth. Capital Economics forecasts only 25 basis points cut next year.
Kazakhstan President Stresses Transit and Energy Ties with Japan
President of Kazakhstan focused on transit, energy cooperation, Trans-Caspian route, critical minerals, nuclear energy, and water security in Japan summit. A business forum followed with over 150 participants.
Vietnam Accelerates Infrastructure with New Airports, High-Speed Rails, Olympic Complex
Vietnam is fast-tracking major projects including new airports, high-speed rails, and an Olympic complex to boost economic growth. This shift positions the country into high gear for development.