Germany overtakes Japan economically Now it’s official: Germany has overtaken Japan to become the third largest economy in the world after the USA and China. According to the Japanese Cabinet Office, Japan’s gross domestic product (GDP) grew by 1.9% in 2023 adjusted for inflation, while Germany’s shrank by 0.3%. However, due to the strong devaluation […]
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The German economy might have experienced a stagnant phase in 2023, but this didn’t dissuade leading international corporations from initiating significant expansion endeavors in the largest economy of Europe. In August, the Taiwanese semiconductor manufacturer TSMC selected Dresden as the location for its extensive new semiconductor production facility in Europe, with an estimated value of […]
On February 7, Brazil marked a landmark achievement, powering 92.4% of its electricity from renewables, as confirmed by the Ministry of Mines and Energy MME. Minister Alexandre Silveira praised this record, especially noting the peak energy use of 101,860 megawatts. Image by BNDES Brazil put into operation 621.56 MW of new renewable power plants in January […]
The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, versus $4.29 trillion for Hong Kong, according to data compiled by Bloomberg. That makes India the fourth-biggest equity market globally. Its value crossed $4 trillion for the first time on Dec.ue of shares listed on Indian exchanges reached $4.33 […]
The recent implementation of the newly revised Company Law in China marks a significant turning point for foreign entrepreneurs looking to register and operate businesses within the country. As per the statistics from the Ministry of Commerce, by 2022, there were 1.12 million foreign-invested enterprises in China. This burgeoning number reflects the dynamic market landscape that continually […]
The government of President Luiz Inacio Lula da Silva unveiled plans on January 22, 2024 to invest 300 billion reais (60 billion dollars) in Brazil’s industry. The funding is the backbone of a proposal the government is calling “New Industry Brazil,” a comprehensive re-industrialization plan that will provide credit and funding for sectors such as […]
