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Tag: energy costs

Taxi operators facing bankruptcy in Japan hit 10-year high, according to survey

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube The number of taxi operators going bankrupt in Japan has reached a 10-year-high, according to a new survey conducted by local business information provider, Tokyo Shoko Research. Surging energy costs and a shrinking manpower pool due to an ageing population were cited as major reasons for their bankruptcy. However, with the recovery of inbound travel, the…

Inflation in the West forces Vietnam factory lay-offs

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Lay-offs have swept through Vietnam’s manufacturing hubs as Western countries experience a drop in consumer demand. The purchasing power of shoppers in the United States and Europe, the two major Western markets for goods produced in Vietnam, has plummeted due to inflation and soaring energy costs caused by the war in Ukraine. Workers said their situation…

US Democrat senator slams Biden

West Virginia’s Joe Manchin has called out the US president for pledging to shut down America’s coal-fueled power plants US Senator Joe Manchin, one of the most powerful lawmakers in Joe Biden’s own Democrat party, has blasted the president for vowing to shut down America’s coal-fueled power plants, unleashing an unusually candid rebuke of the leader just three days before the congressional midterm elections. “President…

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