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TOKYO, Nov 2, 2023 (AFP) – Japanese Prime Minister Fumio Kishida announced on Thursday a stimulus package worth $113 billion aimed at easing the pain from inflation. Voters in the world’s third-largest economy have been squeezed by rising prices since the Ukraine war while Kishida’s poll ratings are at their lowest since taking office in 2021. “This package… is expected to total in the lower range of the 17 trillion yen ($113.2 billion) level,” Kishida […]
Tokyo, Japan | AFP | Japan is on Friday expected to announce an economic stimulus package that local media said could be worth $200 billion to cushion the impact of inflation and a weak yen. Prices are rising in the world’s third-largest economy at the highest rate in eight years, although its three-percent inflation remains below the sky-high levels seen in the United States and elsewhere. The yen has also lost over 20 percent of […]
by Tom BARFIELD Agence France-Presse FRANKFURT AM MAIN, Germany (AFP) — Germany on Wednesday said it aimed to become the world’s “number one” in green hydrogen technology, betting the fuel produced by renewable energy sources can both reduce carbon emissions and stimulate Europe’s top economy. “For reasons related to our competitiveness but above all to reach our ambitious climate goals”, ministers have agreed to pump nine billion euros ($10.2 billion) of government cash into the technology, Economy […]
by Michelle GUMEDE Agence France-Presse Johannesburg, South Africa (AFP) — South African President Cyril Ramaphosa on Tuesday announced a $26 billion relief package to support the economy and the vulnerable during the coronavirus pandemic. In a special address to the nation, Ramaphosa announced “a massive social and economic support package of 500 billion rand ($26.3 billion), which amounts to about 10 percent of our GDP.” “The impact of the coronavirus requires an extraordinary coronavirus budget…the scale […]
(Reuters) – Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.” In her first public comments as Fed chief, Yellen said the central bank would need to keep its eye on a broad range of labor market indicators, not just the unemployment rate, as it continued to assess the health of […]
