Japanese Prime Minister Shigeru Ishiba has vowed to stay on despite the ruling coalition's loss in the elections to the upper house.The coalition, led by Ishiba's Liberal Democratic Party, lost its majority in the 248-seat House of Councillors, known as Saangiin, in Sunday's elections.The LDP-Komeito Party alliance could win only 40 of the 125 contested seats, while Japan's new right-wing populist...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.