Surge in corporate bankruptcies hits Japan in May
Japan experienced a significant increase in corporate bankruptcies in May 2024, with a 42.9% rise from the previous year, totalling 1,009 cases.
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The Bhutan elections: Navigating economic challenges and national happiness
Bhutan, known for prioritizing "Gross National Happiness" over economic growth, held general elections amid economic challenges. The new government aims to reduce dependence on Indian subsidies while preserving its happiness-centered philosophy.
South Korea adapts economic strategy to navigate inflation challenges and foster growth
In its fight against persistently high inflation, the finance ministry outlines a multifaceted strategy. Plans include bringing down inflation to the 2% level within the first half of 2024 through policy measures such as tax and tariff cuts, freezing public utility costs, and other interventions.
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