Vendors arrange fruits at their stall in Tokyo. Agence France-Presse
Japan’s economy contracted slightly in the first quarter as corporate and consumer spending weakened, a Reuters poll showed on Friday. Exports also deteriorated amid trade disputes and weaker global demand, hurting the trade-reliant economy. Gross domestic product (GDP) is expected to have fallen 0.2% in January-March on an annualised basis,
South Korea’s consumer inflation faltered to its slowest on record in August while second quarter economic growth was revised down on weaker exports, firming up the case for central bank rate cuts as early as next month.
Japan’s core consumer inflation wallowed at a two-year low in July, increasing pressure for the central bank to acknowledge price momentum was slowing and expand its radical stimulus programme.
The Khalifa Fund for Enterprise Development has announced the signing of a $100 million (Dhs368 million) agreement with the Ethiopian Ministry of Finance in Addis Ababa.
In recognition of the importance that Dubai holds in the global trade and investment arena, the International Chambers of Commerce (ICC) held a gala ceremony to commemorate 100 years of its existence.
Abdullah Sultan Al Owais, the Chairman of the Sharjah Chamber of Commerce & Industry, SCCI, recently received a high-level US delegation headed by Seth Oppenheim, Commercial Officer, SelectUSA Investment Summit, accompanied by George Calboh,