Latest

Move over Mercedes: Chinese cars grab Mexican market share
Move over Mercedes: Chinese cars grab Mexican market share
Economy
by  AFP

The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico's luxury car market, hitting sales of traditionally dominant brands such as Mercedes-Benz and BMW. According to industry experts, Mexicans are increasingly switching from traditionally dominant sedans to Chinese vehicles due to a combination of comfort, technology and price.

Japan govt approves record budget for ageing population, defence
Japan govt approves record budget for ageing population, defence
Economy
by  AFP

Japan's government on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare, as the population ages, and defence to tackle regional threats. The 8.7 trillion yen approved Friday will help pay for measures to help attract recruits to Japan's Self-Defense Forces, and to improve relations between the US and Japanese militaries with locals in Okinawa.

Japanese shares gain on weaker yen after Christmas break
Japanese shares gain on weaker yen after Christmas break
Economy
by  AFP

Japanese stocks rose Friday on a weaker yen after a muted day on Wall Street following the Christmas holiday. The yen was "marginally stronger" on Friday, Bloomberg reported, after data showed inflation in Tokyo rose for a second month in December.