Yen’s Position on Decline
As per reports, it has been revealed that Yen has continued to decline against euro. It's been seven months now and the pattern is persisting the same. While providing the details, it was found that the Yen has declined by 0.9%.
In addition, it has been found that not only the peer currencies against the Yen have been on rise, but metals as well. It was found that copper has increased by 0.6% and gold has increased by 0.2%.
Yuichi Kodama, who is the chief economist at Meiji Yasuda Life Insurance, was of the view that without a doubt, things have been proving quite negative for Japan. But, he is also aware of the fact that things will get better by 2013. He expects that growth will again knock the doors of the country in 2013.
"The U. S. economy is looking solid and China's economy may have a clear rebound this quarter, boding well for Japanese exports", said Kodama.
A number of speculations are going on, as it is also being said that the Bank of Japan will surely bring changes in the policies if the elections that are going to take place on December 16 will be won by opposition Liberal Democratic Party.
Domino's Pizza has acquired Hallo Pizza, the largest independent pizza chain in Germany. With acquisition of Hallo Pizza, Domino’s has become the largest pizza chain in Germany with more than 370 stores across the country.
The People’s Party (ÖVP) has won the parliamentary elections and 31-year-old leader Sebastian Kurz would be the youngest national leader in Europe. Kurz will be having a tough task of dealing with European leadership.
IBM is using blockchain for improving speed and security for cross-border transactions. The solution offered by IBM is focused on banking sector.
Tesla Motors has fired hundreds of employees after annual performance review. The company confirmed the move but the management hasn’t mentioned the exact number of employees fired during the current performance review.
Tesla Motors has announced recall of 11,000 Model X vehicles to fix a seat cable issue. The voluntary recall involves Model X SUVs manufactured between October 28, 2016 and August 16, 2017.
Norway is planning to add additional tax burden on consumers planning to buy electric cars.