An employee at an aluminium factory in Hachioji, Japan. Associated Press
Japan’s government slashed its economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-largest economy.
The bitter trade war between China and the United States kept Asian factory activity mostly in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks.
Japan’s exports likely fell for an eighth straight month in July, a Reuters poll showed on Friday, as a protracted US-China trade war and weak global demand hurt shipments from the world’s third-largest economy.
Confidence among Japanese manufacturers rose to a more than two-year high in April, as strong demand in the electronics market and favourable exchange rate conditions boosted prospects for exporters, a Reuters poll showed on Friday.
Sheikh Mohammed explained, “During the Cabinet meeting, we reviewed the results of the UAE’s foreign trade in 2022. Our foreign trade achieved a historical record reaching more than Dhs2.2 trillion, a growth of 17%. ”
Masdar, one of the world’s fastest-growing renewable energy companies, has pledged to strengthen its support for Azerbaijan’s renewable energy development with the opening of an office in Baku, the capital city.
Hundreds of investors and business leaders have confirmed their attendance for the Sharjah Investment Forum (SIF) commencing on Wednesday to discuss current market