Japan’s jobless rate seen up, Tokyo CPI far below BOJ’s inflation goal
Japan’s unemployment rate probably inched up in April, in the latest sign of a slight deterioration in the job market as the pandemic hits the labour-intensive service sector. Other data is expected to show the Tokyo-area consumer price index (CPI) fell again in May as cuts in mobile phone fees by major carriers added to […]
UK Retail spending soars as economy reopens
The official data showed that the British retail sales surged in April as shoppers splashed out on new clothes after shops reopened following months of lockdown. Sales volumes in April jumped 9.2% month on month. Clothing sales soared by almost 70%. Sterling rose slightly against the U.S. dollar on the latest sign of a robust […]
Jump in German producer prices points to higher inflation pressure
As per the data the German producer prices rose by 5.2% year-on-year in April. This is the biggest increase in nearly a decade. The rise in producer prices followed a 3.7% year-on-year increase in March. The federal statistics office said that when compared to the previous month, producer prices were up 0.8% in April. The […]
End of Wind power waste? Vestas unveils blade recycling technology
Vestas, the wind turbine maker has unveiled a new technology which enables wind turbine blades to be fully recycled. This is to avoid the dumping of old blades says the company. According to a 2017 University of Cambridge study, turbine blades are set to account for 43 million tonnes of waste in 2050. As the […]