top of page
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.


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


14 Nov 2021

Japan May Restart Domestic Travel Subsidies by mid-January

The Index Today

According to the Nikkei newspaper, the Japanese government is weighing options to resume domestic travel subsidies as early as January next year. This move will help boost the tourism industry and ease strain on local hotels and airlines businesses affected by the pandemic.

Prime Minister Fumio Kishida’s new pandemic relief stimulus program will include a number of subsidies for domestic travel. Previously, the government paused one of its subsidy programs due to growing covid infection rates. The tourism industry has asked the government to consider the travel program and offer bigger discounts for travel during the weekdays to help counter an influx of travelers on weekends.

The Nikkei said that under the new program, more attractive discounts will be given to consumers who are willing to travel on weekdays. However, no government official has released any comment or statement on this matter so far. According to a Reuters poll, the nation’s economy saw annualized contraction of 0.8% for the third quarter due to emergency covid restrictions.


Clay pottery with table linens
bottom of page