Author: Multibagger News

TOKYO (Multibagger) – Japan faces a shortage of almost one million foreign workers in 2040 if the government wants to achieve its economic growth goals as the population dwindles, an estimate from a state-backed think tank showed on Thursday. At the current pace, 5.91 million foreign people will be working in Japan in 2040, almost one million short of the foreign workforce needed to sustain the targeted average annual growth rate of 1.24%, the Japan International Cooperation Agency (JICA)’s research arm said. The demand-supply gap in foreign labour widened more than twofold from JICA’s previous estimate in 2022, after the…

By John Davison, Emma Farge and Nidal al-Mughrabi (Multibagger) – Mohammed describes a delivery job from hell. “I get screwed on every shipment,” the Gazan trader told Multibagger. He said he has to fork out more than $14,000 for each truck of food he brings into the besieged enclave to pay sky-high transport costs, bribes to middlemen and protection from looters. That’s up from $1,500-$4,000 before the war began in October. “It’s barely worth my while. But I need food, my neighbours need food, the whole of Gaza needs food.” Mohammed said he doesn’t like it, but he’s forced to…

U.Today – has failed to regain a foothold above the $63,000 mark, which led to a move toward $61,000. Unfortunately, this outcome opens up a pathway for a plunge below $60,000. As of right now, Bitcoin is trading slightly above the crucial support level at about $60,885, according to the chart. While the 100 EMA at $63,754 and the 200 EMA at $58,260 are closer to the current price and offer support and resistance levels, the 50 EMA at $66,407 provides far-off resistance. More selling pressure may be applied to Bitcoin if it is unable to close above $63,000. There…

(Multibagger) – The state of Alaska on Wednesday said it has filed a lawsuit challenging new federal regulations imposed for oil and gas leasing in the National Petroleum Reserve-Alaska (NPR-A). In April, President Joe Biden’s administration took steps to limit both oil and gas drilling and mining in Alaska. The regulations blocked development on 40% of NPR-A to protect wildlife habitat and indigenous communities’ way of life, but did not affect existing oil and gas operations. “The new rules were passed without proper input from affected parties, exceeded their congressional authorization and were rushed into place as an end-run on…

By Krishna N. Das and Shivam Patel NEW DELHI (Multibagger) – In the Vivekananda Camp slum, adjacent to the U.S. embassy in New Delhi, communal taps supply brackish water for about two hours a day. Water delivered by tankers provides one additional bucket to each of its 1,000 residents for drinking and cooking. In parts of the arid state of Rajasthan, southwest of the Indian capital, tap water is available once every four days for an hour. In rural areas near Mumbai, women and children travel more than a mile to get water. Bengaluru, India’s tech hub of 14 million…

Investing.com– Gold prices steadied at a 10-day high in Asian trade on Thursday after growing bets on interest rate cuts by the Federal Reserve pulled down the dollar and Treasury yields. But gold’s advance was stalled by hawkish signals from the minutes of the Fed’s June meeting, while anticipation of key nonfarm payrolls data kept traders cautious. rose 0.1% to $2,359.56 an ounce, while expiring in August fell 0.1% to $2,367.15 an ounce by 00:27 ET (04:27 GMT).  Gold benefits from rate cut bets, but caution persists  The yellow metal marked strong gains on Wednesday, tracking a sharp fall in…

A look at the day ahead in European and global markets from Wayne Cole. It’s been a generally upbeat day so far in Asia as softer U.S. data burnished the case for a September rate cut from the Federal Reserve. The main event in Europe will be the UK election, where the only real unknown is how super Labour’s majority will be. The bookies are odds on for Labour and even Tory ministers have conceded they are heading for a record thumping. It is possible that tactical voting could relegate the Conservatives to third place, which would make the centrist…

Investing.com– Bitcoin price fell sharply to a two-month low on Thursday, breaking past a key support level as uncertainty over several points of selling pressure, chiefly defunct exchange Mt Gox, saw traders remain averse towards the token.  The world’s biggest cryptocurrency took little support from weakness in the dollar, which fell amid increased bets on interest rate cuts by the Federal Reserve. Broader crypto prices also followed Bitcoin lower. fell 3.2% in the past 24 hours to $59,046.0 by 23:37 ET (03:37 GMT). The token had fallen as far as $58,055.4. Mt Gox, dumping fears batter Bitcoin Bitcoin was nursing…

(Multibagger) -AbbVie lowered its 2024 adjusted profit forecast on Wednesday, citing $937 million in milestones, and research and development expenses related to acquisitions. The drugmaker has been focusing on expanding its pipeline since its blockbuster arthritis drug, Humira, lost patent protection last year. The company expects annual adjusted profit in the range of $10.61 to $10.81 per share, compared with its previous forecast of $11.13 to $11.33, a regulatory filing showed. Analysts were expecting $11.25 per share, according to LSEG data. AbbVie (NYSE:) also cut its second-quarter adjusted profit to $2.53 to $2.57 per share from $3.05 to $3.09. The…

Investing.com– Most Asian currencies firmed on Thursday as increased expectations of interest rate cuts by the Federal Reserve dented the dollar, while a fragile yen kept traders on guard over potential government intervention. But gains in Asian currencies were tempered by hawkish signals from the minutes of the Fed’s June meeting, while anticipation of key payrolls data on Friday also kept sentiment cautious. Japanese yen gains some ground, but intervention concerns remain The Japanese yen took some relief from weakness in the dollar, with the pair falling 0.2% after nearly crossing the 162 level on Wednesday.  The pair was trading…