The latest news
Japan Achieves Record $110 Billion Current Account Surplus Driven by Global Tech Boom
Tokyo, Monday, 10 August 2026.
Strong demand for AI components pushed Japan’s first-half current account surplus to a record 17.43 trillion yen, though higher energy costs triggered a unexpected monthly deficit in June.
latest news in economy
How High-Skilled Foreign Labor Drives Broader US Wage Growth
Cambridge, Monday, 10 August 2026.
A July 2026 study by the National Bureau of Economic Research reveals that expanding the H-1B visa cap yields long-term economic benefits across the United States workforce. Analyzing industry data from the 1999 to 2003 expansion period, researchers found that increased exposure to high-skilled foreign talent raised incomes for native-born workers and pre-existing immigrants. Surprisingly, these financial gains were most pronounced in non-STEM occupations, such as sales, operations, and marketing. Rather than simply increasing labor supply or generating new patents, skilled international workers act as a productivity shock. Their technical contributions optimize internal systems, allowing non-technical teams to execute tasks more efficiently. These productivity gains propagate forward through supply chains to downstream customer industries, demonstrating how targeted foreign labor boosts overall economic performance.
latest news in companies
latest news in politics
latest news in global
US Shifts to Economic Blockade as Iran Demands Concessions in Strait of Hormuz
Washington, Monday, 10 August 2026.
President Trump is pivoting to economic pressure over military strikes, leveraging severe inflation and an ongoing naval blockade against Iran as Tehran demands major US concessions to reopen the vital waterway.