Inflation is setting new records, and Japan is no different. The cost of living in Japan has taken on a new dimension in 2022, with prices all around the globe continuing to rise on the back of tight fuel supplies, raw materials, and other shortages caused by Russia's invasion of Ukraine. Japanese households are being affected by rising energy and food prices, and worries about a global economic recession are now threatening the Japanese economy.
More recently, a weakening Japanese Yen has also taken its toll on the cost of living in Japan, although it has been known for its reputation for being a bit expensive. Manufacturers here have to hike their prices to compensate for the increase in import costs.Â
According to Japanese Prime…
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Oil demand has begun to suffer because of rising prices and a weakening global economy, although a recovery in China and robust power generation partially offset these effects. At the same time, the rate of growth in worldwide demand has slowed slightly in 2022. A further increase is anticipated in 2023, driven by the non-OECD countries' robust development track. The World Bank also cautioned that the invasion of Ukraine by Russia and its effects on supply chains, inflation, and financial conditions had accelerated the decline in global economic activity in its most recent edition. Following are some of the largest Oil & Gas firms by revenue in 2022 based on net income.
GAZPROM, RUSSIA: PJSC Gazprom is a Russian majority state-owned…
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According to the National Broadband Mission of India, the government will announce the debut of 5G services in India during the India Mobile Congress on October 1. 5G will allow Communications Service Providers (CSPs) in India to tap into new value plays from enterprise 5G and adopt next-generation technologies like Edge computing and AI. Experts opine that the value of scale can be genuinely derived from a market such as India. 5G will be an upgrade of the existing 4G networks, increasing connection capacity to meet the expanding demands of consumer and business customers across industries (such as improved traffic management and connectivity capabilities).
According to our research, the global market for 5G technology is anticipated to…
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The world is experiencing a severe energy shortage sending shockwaves from Europe to Asia. Natural gas, which heats our homes and powers industries, is in short supply. As the world recovers from the pandemic's losses, energy demand has significantly increased. It is due to the economic recovery that has been taking place.
Meanwhile, Europe is caught in a trap of its dependency on pipeline gas, meaning it cannot immediately abandon the energy trade with Russia and cut it off. The E.U. commission has drafted a plan to accelerate its energy transition and get off Russian gas but meeting new targets will impose costs in Europe and abroad. Seeing supply restrictions from the most significant energy providers globally has multiple effects. On…
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According to a recent estimate by a blockchain research company, the hackers have stolen non-fungible tokens valued at over $100 million in the year leading up to July. The rapidly growing digital asset has become a new threat in cryptocurrency hacking.
Around 50,000 pieces of traditional artwork are stolen each year worldwide, and the black market for stolen art is valued between $6 billion- $8 billion annually. With the new era of digital art, these numbers are increasing exponentially. Artists' communities over social media are going through a rough time. If an artist wants to share artwork on social media, it means opening it up to the public. It allows their followers to amplify it by sharing or supporting the artist. But artists are…
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Japanese PM Kishida Announces Special Package to Combat Inflation
Inflation is setting new records, and Japan is no different. The cost of living in Japan has taken on a new dimension in…
The Largest Oil and Gas Corporations in 2022: Who are They?
Oil demand has begun to suffer because of rising prices and a weakening global economy, although a recovery in China and…
What the 5G Revolution means for India
According to the National Broadband Mission of India, the government will announce the debut of 5G services in India…
Energy Crisis, High Inflation, and a Slipping European Economy
The world is experiencing a severe energy shortage sending shockwaves from Europe to Asia. Natural gas, which heats our…
$100 Million Worth of NFTs Stolen in the Last Year
According to a recent estimate by a blockchain research company, the hackers have stolen non-fungible tokens valued at…
