Japan Hits Record Number of Centenarians Amid Demographic Crisis, as Global Markets and Industries Brace for Change
Japan Reaches Record Centenarian Count Amid Demographic Crisis and Rising Costs
Japan's centenarian count has hit a record high of 95,119 as of September 1, 2024, with nearly 90 percent being women amid an ongoing demographic crisis. Transitioning to the financial implications, Japan faces rising medical and welfare costs as its labor force shrinks and its population declines.
Oil prices surged on Tuesday due to US output concerns following Hurricane Francine and anticipated declines in crude stockpiles. Interestingly, the market optimism was further boosted by the Federal Reserve's expected interest rate cut and production disruptions in the US Gulf of Mexico, despite lower-than-expected demand growth from China.
Meanwhile, in the airline industry, Wizz Air is planning a 15-20% growth in passenger volume next year with new routes to the Middle East. This Hungary-based airline aims to expand its operations by deploying its first A321XLR aircraft, enhancing connectivity from Europe to the UAE, despite some geopolitical challenges and engine issues.
Speaking of expansion, UK firms are eyeing growth in Saudi Arabia following high-level talks. In the region, the UAE banking sector reported liquid assets exceeding $218 billion, while Egypt’s film industry made headlines with 'Flight 404' being their Oscars submission.
Shifting to Zimbabwe, the nation plans to cull 200 elephants amid a severe drought to help alleviate food shortages. This action, occurring in Hwange, Mbire, Tsholotsho, and Chiredzi districts, aims to meet immediate humanitarian needs and manage park capacities that currently support more elephants than feasible.
Finally, in Mali, a military training camp in Bamako was attacked early Tuesday with two explosions, highlighting the escalating insurgency threats. This incident follows recent military coups and increased attacks, posing significant security challenges in the region.