Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economy

26 Oct 2021

Japan’s New Stimulus Package Blueprint to be proposed by Early November

The Index Today

Japanese Prime Minister Fumio Kishida will lead a panel to develop a new stimulus package for next year. The proposal is expected to be finalized by early November and is aimed at minimizing the effect of the Covid pandemic.

Fumio Kishida has initiated the panel to formally debate about the new-style capitalism he wishes to implement in the system along with views on reducing income disparities among Japanese. Economy Minister Daishiro Yamagiwa said, “The proposal will include some steps that go into the stimulus package. It could also touch upon issues related to tax.”

The stimulus package expected to cost several trillion yen and will center on providing aid to regular households which have suffered the most due to Covid. The finalization of the stimulus package is yet to be discussed with more reforms underway.

©Photo: Shoko Takayasu | Bloomberg | Getty Images

Clay pottery with table linens