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Japan’s bankruptcies set to hit 11-year high

A train of the Yurikamome line, a driverless automatic train system, runs with the city skyline in the background, in Tokyo, Japan, April 21, 2021. Picture taken April 21, 2021. REUTERS/Kim Kyung-Hoon/File Photo  TOKYO — Japan’s bankruptcy filings this year are set to surpass 10,000 and hit the highest since …

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China leaders vow more ‘relaxed’ monetary policy

Photo Credit: Bloomberg BEIJING — Chinese President Xi Jinping and other top leaders said Monday they would adopt a more “relaxed” approach to monetary policy as they hashed out plans to boost the economy next year. This, as China’s consumer inflation rate slowed in November, official data showed on Monday, …

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Trump aides meet tech giants over drug sales

A 3D printed Facebook’s new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo  US President-elect Donald Trump’s transition team has invited five major tech companies, including Google, Microsoft and Meta Platforms, to a meeting in mid-December …

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US to remove China telecom equipment

WASHINGTON — The US House of Representatives is set to vote next week on an annual defense bill that includes just over $3 billion for US telecom companies to remove equipment made by Chinese telecom firms Huawei and ZTE from American wireless networks to address security risks. The 1,800-page text …

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Scholz alarmed on VW factory shutdown

Photo Credit: Bloomberg FRANKFURT — Factory shutdowns would be a wrong move by Volkswagen, German Chancellor Olaf Scholz said, adding that Europe’s largest carmaker had a responsibility to its employees. Volkswagen is in a bitter dispute with staff over pay cuts and possible plant closures aimed at countering high costs …

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Unemployment rate rises to 3.9%

Jobseekers fill out forms and queue at interviews as they apply for work at the local and overseas job fair organized by the local government at a mall in Valenzuela City on Sept. 25, 2024 (The STAR / Miguel De Guzman)  MANILA, Philippines — The Philippine Statistics Authority (PSA) on …

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TikTok closer to US ban after losing court appeal

WASHINGTON, D.C. — TikTok edged closer to being banned in the United States after it lost an appeal on Friday against a law requiring the video-sharing app to divest from its Chinese parent company by January 19. The potential ban could strain US-China relations just as president-elect Donald Trump prepares …

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