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Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

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Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

E

Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

E

Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

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Fallout from collapse of U.S. banks causes more trouble in Europe

STORY: Fallout from collapse of U.S. banks causes more trouble in Europe DATELINE: March 16, 2023 LENGTH: 00:00:52 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of the banks in Rome 2. various of U.S. dollar and Euros STORYLINE: Banking giant Credit Suisse lost nearly a fourth of its value Wednesday, amid the growing fallout from the collapse of two regional banks in the United States. New York-based Signature Bank was shut down Sunday by state regulators, two days after California's Silicon Valley Bank (SVB) collapsed as depositors rushed to withdraw funds. Wednesday marked the second time in three trading sessions since the U.S. bank failures, that European financial stocks were severely battered. Nevertheless, the dramatic impact on Credit Suisse in trading Wednesday was largely unexpected, since the institution is so large. According to 2022 data from Insider Intelligence, Credit Suisse was the second-largest bank in Switzerland and the 17th-largest in Europe, with an estimated 730 billion

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Canon to acquire biggest European printer maker Oce

TOKYO, Japan - Canon Inc. President Tsuneji Uchida (L) shakes hands with Anton Schaaf, chief technology officer and chief operating officer of Oce NV of the Netherlands, the biggest printer maker in Europe, during a press conference in Tokyo on Nov. 16, 2009, at which they announced that Canon will acquire Oce through a takeover bid worth about 730 million euros (around 100 billion yen).

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Tunisia to start subsidy cuts in 2023: minister

STORY: Tunisia to start subsidy cuts in 2023: minister DATELINE: June 9, 2022 LENGTH: 00:01:34 LOCATION: Tunis CATEGORY: ECONOMY SHOTLIST: 1. various of customers buying baguette, spaghetti and oil at a supermarket STORYLINE: Tunisia will implement a new subsidy system next year to reduce subsidies for basic materials gradually, Minister of Trade and Export Development Fadhila Rabhi said on Tuesday. The spending on subsidies in Tunisia is expected to reach 4.2 billion Tunisian dinars (around 1.39 billion U.S. dollars) in 2022, compared to 3.2 billion dinars in 2021 and 730 million dinars in 2010, Rabhi said at a press conference. The new system will be implemented from 2023 to 2026, and the subsidy will be directed to people and families on low incomes, she added. Rabhi stressed that this reform aims to set up a fair support system and rationalize the consumption of subsidized materials. Tunisia is seeking a 4-billion-U.S. dollar loan from the IMF to avoid bankruptcy. To this end, the North African cou

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Biden signs 1.5 trln USD omnibus spending bill into law

STORY: Biden signs 1.5 trln USD omnibus spending bill into law DATELINE: March 16, 2022 LENGTH: 00:00:50 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): JOE BIDEN, U.S. President 2. shots of Biden signing the bill STORYLINE: U.S. President Joe Biden on Tuesday signed into law a 1.5-trillion-U.S.-dollar omnibus spending bill for the fiscal year 2022 to fund the federal government through the end of September. SOUNDBITE (English): JOE BIDEN, U.S. President "With this bill, we're going to send a message to the American people -- a strong message -- that Democrats and Republicans can actually come together and get something done, and to fulfill our most basic responsibilities: to keep the government open and running for the American people, serving the American people, investing in your communities and investing in the American people, and doing it in a fiscally responsible way." The bill, which was approved by U.S. Congress last week, includes 730 billion dollars in non-d

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Sony 1st qtr net profit nearly quadruples on semiconductor recovery

Kenichiro Yoshida, chief financial officer of Sony Corp., briefs reporters on the company's group financial results for the April-June period during a news conference in Tokyo on Aug. 1, 2017. Sony's group net profit in the period nearly quadrupled from a year earlier to 80.87 billion yen ($730 million), mainly on the back of a recovery in its semiconductor business. (Kyodo) ==Kyodo

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Canon to acquire biggest European printer maker Oce

TOKYO, Japan - Canon Inc. President Tsuneji Uchida (L) shakes hands with Anton Schaaf, chief technology officer and chief operating officer of Oce NV of the Netherlands, the biggest printer maker in Europe, during a press conference in Tokyo on Nov. 16, 2009, at which they announced that Canon will acquire Oce through a takeover bid worth about 730 million euros (around 100 billion yen). (Kyodo)