According to The Jiji News, Yamato Transport Co. and Japan Post Co. said that they will work together on deliveries made to people's private mailboxes and of small parcels.
Through the tie-up, the two companies aim to improve delivery efficiency in light of concerns over the so-called 2024 problem involving the logistics industry, or the anticipated escalation of truck driver shortages brought on by overtime restrictions set to come into effect next year.
According to The Australian Financial Review, Sydney house prices are predicted to increase as much as 9 per cent by June next year, powered by strong demand from surging population growth and scarce listings, despite further interest rate rises expected this year, Domain says.
By the end of financial 2024, Sydney median house prices are expected to hit $1.66 million, which would eclipse the $1.59 million peak set in March 2022.
Australia’s housing market is also forecast to have moved towards a well-established, steady recovery over the financial year 2024 as interest rates stabilise or begin to decrease.
Population pressures combined with chronic undersupply would fuel price increases, even as interest rates were still expected to rise this year, said Nicola Powell, Domain’s chief of research and economics.
According to The Jiji News, U.S. investment company Berkshire Hathaway Inc., led by billionaire investor Warren Buffett, has increased its stakes in Japan's five major trading houses to around 8 pct.
Back in April, Buffett met with leaders of the five companies in Japan and announced his intention of increasing investments in Japanese stocks including the trading houses.
According to The Australian Financial Review, BHP has put a $US4 billion ($5.9 billion) price tag on its decarbonisation efforts over the next seven years, warning its emissions will rise before they fall to meet the targets set by the mining giant in 2030.
The “path ahead of us is not linear,” with emissions rising in line with the miner’s growth plans, before falling again before 2030, Graham Winkelman, the group’s head of carbon management, said in an investor meeting.
According to The Australian Financial Review, Northern Star will spend $1.5 billion by the end of the decade to double the amount of gold it will produce at its massive Super Pit mine by Kalgoorlie.
The gold producer approved the project recently, becoming the second major West Australian company to move ahead with development. Evolution Mining said it would proceed with a $250 million project at its nearby gold mining operations earlier this month.
According to The Australian Financial Review, Queensland Treasurer Cameron Dick will use a $15.3 billion coal royalty bonanza to cut household power bills and inject $19 billion into state-owned clean energy projects, a spending spree economists warned could be inflationary.
The $10 billion increase in coal royalties allowed the government to deliver a record $12 billion surplus this financial year – the largest of any state in history.
But a $1.5 billion cost-of-living package and $19 billion for government-owned pumped hydro, wind, solar and battery projects will push the budget back into deficit next financial year.
According to The Australian Financial Review, growth in unit values jumped higher than that of houses across 39 per cent of all suburbs nationwide over the past three months as demand shifted towards the affordable segment of the market in response to increases in interest rates and the cost of living, data from CoreLogic shows.
Unit price growth trumped that achieved by houses in nearly a quarter of all Sydney suburbs analysed, and outperformed house price growth in more than a third of all Melbourne suburbs.
According to The Jiji News, Japan's Toyota Motor Corp. has announced a target of putting next-generation all-solid-state batteries into practical use for electric vehicles in 2027 or 2028.
As all-solid-state batteries feature short charging time and enable vehicles to travel longer distance, Toyota aims to utilize them for increasing the competitiveness of its EVs.
According to The Jiji News, Honda Motor Co. said that its U.S. aircraft unit will commercialize a new light business jet.
With its high fuel efficiency, the new aircraft will be the world's first light business jet capable of a nonstop transcontinental flight across the United States, Honda officials said.
According to The Australian Financial Review, mining giant Rio Tinto has Macquarie Capital’s bankers advising it on its switch to renewable power sources in Queensland.
Sources said Rio picked Macquarie Capital after a request-for-proposal sent out last year that centred on finding 1140 megawatts of power to supply to its Gladstone assets including the Yarwun alumina refinery which has a 3.25 million tonnes annual capacity.
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