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Dutch economy deteriorates further in January

STORY: Dutch economy deteriorates further in January SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 1, 2024 LENGTH: 00:00:39 LOCATION: THE HAGUE, the Netherlands CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the Hague STORYLINE: The Dutch economy showed a downward trend in January, with 10 out of 13 indicators below their long-term trend, according to Statistics Netherlands (CBS) on Wednesday. The CBS uses this method with 13 indicators, such as the gross domestic product (GDP) figures, unemployment rates, consumer confidence and the number of bankruptcies, to monitor the state and the cycle of the Dutch economy and get an overall coherent macroeconomic picture, based on all available data known to the CBS at the time. One of the indicators is the GDP, which fell by 0.3 percent in the third quarter (Q3) of 2023 compared to the previous quarter, marking the third consecutive quarter with contraction. "The contraction in Q3 can mainly be attributed to declining investments in fixed assets, a decli

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Japan's corporate bankruptcies up 35 pct in 2023

STORY: Japan's corporate bankruptcies up 35 pct in 2023 SHOOTING TIME: Earlier footage DATELINE: Jan. 17, 2024 LENGTH: 0:01:31 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of cities in Japan STORYLINE: The number of company bankruptcies in Japan increased by 35 percent in 2023 compared to the previous year due to rising prices and labor costs, a local credit research company has reported. According to a survey conducted by Tokyo Shoko Research Ltd., the number of bankrupt companies in Japan with debts exceeding 10 million yen (about 68,189 U.S. dollars) reached 8,690 in 2023. The total debt of bankrupt companies exceeded 24.026 trillion yen. Small and medium-sized enterprises with fewer employees constitute the majority of bankruptcies, according to the report, noting that the number of companies with debts below 100 million yen accounted for 74.7 percent of the total number of bankruptcies. Companies with debts exceeding 1 billion yen increased by 24 percent compared to the previous

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SWEDEN-STOCKHOLM-BANKRUPTCIES

(230726) -- STOCKHOLM, July 26, 2023 (Xinhua) -- People wait to cross a road in Stockholm, capital of Sweden, July 26, 2023. During the first six months of this year, a total of 3,949 companies went bankrupt in Sweden, the highest in a decade, Swedish Television (SVT) reported on Tuesday. More than 28,000 jobs were lost due to bankruptcies in the period, SVT said, citing the latest statistics from business and credit reference agency UC. UC said that hotels and restaurants were the most affected sectors, especially in May and June when the number of bankruptcies was 90 percent higher than in the same months in 2022. (Photo by Wei Xuechao/Xinhua)

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SWEDEN-STOCKHOLM-BANKRUPTCIES

(230726) -- STOCKHOLM, July 26, 2023 (Xinhua) -- People walk past a restaurant in Stockholm, capital of Sweden, July 26, 2023. During the first six months of this year, a total of 3,949 companies went bankrupt in Sweden, the highest in a decade, Swedish Television (SVT) reported on Tuesday. More than 28,000 jobs were lost due to bankruptcies in the period, SVT said, citing the latest statistics from business and credit reference agency UC. UC said that hotels and restaurants were the most affected sectors, especially in May and June when the number of bankruptcies was 90 percent higher than in the same months in 2022. (Photo by Wei Xuechao/Xinhua)

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SWEDEN-STOCKHOLM-BANKRUPTCIES

(230726) -- STOCKHOLM, July 26, 2023 (Xinhua) -- A man walks past a hotel in Stockholm, capital of Sweden, July 26, 2023. During the first six months of this year, a total of 3,949 companies went bankrupt in Sweden, the highest in a decade, Swedish Television (SVT) reported on Tuesday. More than 28,000 jobs were lost due to bankruptcies in the period, SVT said, citing the latest statistics from business and credit reference agency UC. UC said that hotels and restaurants were the most affected sectors, especially in May and June when the number of bankruptcies was 90 percent higher than in the same months in 2022. (Photo by Wei Xuechao/Xinhua)

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SWEDEN-STOCKHOLM-BANKRUPTCY

(230103) -- STOCKHOLM, Jan. 3, 2023 (Xinhua) -- This photo taken on Oct. 28, 2022 shows an empty premise in central Stockholm, Sweden. Between July and December 2022, 22 percent more bankruptcies were registered than in the same period in 2021, business and credit reference agency UC said in a press release. (Xinhua/He Miao)

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SWEDEN-STOCKHOLM-BANKRUPTCY

(230103) -- STOCKHOLM, Jan. 3, 2023 (Xinhua) -- This photo taken on Oct. 28, 2022 shows an empty premise in central Stockholm, Sweden. Between July and December 2022, 22 percent more bankruptcies were registered than in the same period in 2021, business and credit reference agency UC said in a press release. (Xinhua/He Miao)

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Lower house panel approves bill allowing yield cuts

TOKYO, Japan - Prime Minister Junichiro Koizumi responds to questions at the House of Representatives financial affairs committee on June 10. The committee approved a bill later allowing life insurers to lower yields guaranteed to their policyholders in order to avoid bankruptcies.

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Gov't vows to prevent chain-reaction bankruptcies

TOKYO, Japan - Economic and fiscal policy minister Heizo Takenaka (L) speaks at a government-sponsored town meeting with residents of Tokyo on March 3, as Economy, Trade and Industry Minister Takeo Hiranuma listens. Both ministers said the government will act to prevent a chain reaction of company bankruptcies following midsize general contractor Sato Kogyo Co.'s action to file for court projection from creditors.

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1.36 mil. people join May Day rallies across Japan

TOKYO, Japan - Workers join a May Day rally hosted by the National Confederation of Trade Unions (Zenroren) in Tokyo's Yoyogi Park on May 1. Zenroren President Yoji Kobayashi slammed the new administration under Prime Minister Junichiro Koizumi, saying its reform plans will result in increased unemployment and bankruptcies. About 1.36 million people joined May Day rallies across Japan.

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Gov't vows to prevent chain-reaction bankruptcies

TOKYO, Japan - Economic and fiscal policy minister Heizo Takenaka (L) speaks at a government-sponsored town meeting with residents of Tokyo on March 3, as Economy, Trade and Industry Minister Takeo Hiranuma listens. Both ministers said the government will act to prevent a chain reaction of company bankruptcies following midsize general contractor Sato Kogyo Co.'s action to file for court projection from creditors.

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Lower house panel approves bill allowing yield cuts

TOKYO, Japan - Prime Minister Junichiro Koizumi responds to questions at the House of Representatives financial affairs committee on June 10. The committee approved a bill later allowing life insurers to lower yields guaranteed to their policyholders in order to avoid bankruptcies. (Kyodo)

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1.36 mil. people join May Day rallies across Japan

TOKYO, Japan - Workers join a May Day rally hosted by the National Confederation of Trade Unions (Zenroren) in Tokyo's Yoyogi Park on May 1. Zenroren President Yoji Kobayashi slammed the new administration under Prime Minister Junichiro Koizumi, saying its reform plans will result in increased unemployment and bankruptcies. About 1.36 million people joined May Day rallies across Japan.