From 1995 to 2020 Japan’s public debt rose from 92.5% of GDP to the current 254% of GDP. Greece — from 99.8% to 211%. In the US, which closes the top three — from 69% to 134%
In some countries, the growth rate was even higher: in the UAE, for example, public debt has grown almost eightfold over 25 years — from 5.1% to 39.4%
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Berkshire Hathaway Inc, run by billionaire Warren Buffett, increased its holdings in each of Japan’s top five trading houses by at least 1 percentage point to more than 6% on Monday. The move is in line with Berkshire’s 2020 announcement that its investment in Japanese trading houses is for the long term and could rise to 9.9%.
Berkshire’s stake increased to 6.59% from 5.04% in Mitsubishi Corp, to 6.62% from 5.03% in Mitsui & Co Ltd, to 6.21% from 5.02% in Itochu Corp, to 6. 75% from 5.06% in Marubeni Corp and up to 6.57% from 5.04% in Sumitomo Corp.
In the United States, laboratory meat is officially recognized as fit for consumption. It is important to understand that this is not about meat substitutes. We are talking about real meat, which is mainly made by cloning chicken meat cells. Now, it is officially recognized as safe and suitable for human consumption.
The Icelandic embassy will open in Poland on December 1. The diplomatic mission will be located in the center of Warsaw.
In the Czech Republic, free testing for hepatitis B and C, as well as HIV, is being carried out until the end of the week. You can take tests in clinics and mobile medical centers; there are 82 testing points across the country. Information about HIV and sexually transmitted infections will also be available to foreigners in ten languages, Radio Prague reports.
In the Polish city of Krakow, an «energy-saving» Christmas tree will be installed. A tree 15 meters high will be decorated not only with ordinary toys, but also with 26,000 lamps that will consume less energy than an electric kettle. Installation work is scheduled to be completed by December 3, according to the Wyborcza newspaper.
The world economy will grow by 3.1% this year, according to the Organization for Economic Cooperation and Development (OECD).
For the first time in 2.5 years in Germany, selling prices for the domestic market fell by 4.2% at once. The main reason was the reduction in the cost of energy.
US-based Deere & Co., the world’s largest manufacturer of agricultural machinery and equipment, posted a 1.8x increase in net income in the fourth fiscal quarter, driven by continued strong demand for the company’s products and overcoming supply chain challenges.
Turkish President Recep Tayyip Erdogan said that the military intends to «clear Kurdish militants» from the Syrian regions of Tel Rifat, Manbij and Ain al-Arab.
“We have the right to solve our own problems in northern Syria. …We have never been so serious about securing our borders. We will start the operation at the most convenient time for us. The administrations in Syria and Iraq should not feel threatened,” Mr. Erdogan said, speaking in parliament.
HP Inc will cut 6,000 employees over the next three years due to falling demand for PCs. And this is without taking into account the layoff of 9,000 employees three years ago. The restructuring will cost $1 billion.
In the fourth quarter of fiscal 2022, which is on the HP Inc. calendar. has already ended, the company’s revenue declined 11% year-on-year to $14.8 billion and 8% sequentially. The drop in shipments in the notebook segment reached 26%, and in the desktop — 3%.
Elon Musk has said that South Korea is one of the top candidates for a plant the company plans to build in Asia to produce electric vehicles (EVs).
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