Japan February Industrial Output Posts Small Rebound on Easing Covid Spike, Supply Shortages

–Carmakers, Electric/Telecom Makers See High Output in March, April –METI: Forecast May Be Revised Down; Survey Taken Before March 16 Earthquake  –METI Keeps View: Factory Output Shows Signs of Pickup –METI Repeats: To Watch Effects of Pandemic, Parts Shortages, Ukraine  By Max Sato (MaceNews) – Japan’s industrial production posted a slight rebound in February, marking […]

Italy To Raise Defense Budget To 2% of GDP, But EU Common Funding Needed – Sources

By Silvia Marchetti ROME (MaceNews) – Italy’s parliament is expected to clear on Thursday a defense budget increase to reach 2% of GDP following the Ukraine crisis, though the goal is to achieve at European level a common funding mechanism for military expenditures, according to ruling coalition sources. “We have pledged, as per NATO agreements […]