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Indian PE Firm Multiples Gets Private Debt From HSBC, Nomura

Indian PE Firm Multiples Gets Private Debt From HSBC, Nomura

Bloomberg5 days ago

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Indian private equity firm Multiples Alternative Asset Management has gotten about 5 billion rupees ($58.5 million) of private credit to back its acquisition of a controlling stake in digital product engineering platform QBurst Software Services, according to people familiar with the matter.

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LG's first 5K ultra-wide monitor with Thunderbolt 5 is made for data crunchers
LG's first 5K ultra-wide monitor with Thunderbolt 5 is made for data crunchers

The Verge

time36 minutes ago

  • The Verge

LG's first 5K ultra-wide monitor with Thunderbolt 5 is made for data crunchers

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Japan's annual births fall to record low as country's 'silent emergency' deepens
Japan's annual births fall to record low as country's 'silent emergency' deepens

Associated Press

timean hour ago

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Japan's annual births fall to record low as country's 'silent emergency' deepens

TOKYO (AP) — The number of newborns in Japan is decreasing faster than projected, with the number of annual births falling to a record low last year, according to government data released Wednesday. The Health Ministry said 686,061 babies were born in Japan in 2024, a drop of 5.7% on the previous year and the first time the number of newborns had fallen below 700,000 since records began in 1899. The decline comes about 15 years faster than the government prediction. Last year's figure is about one-quarter of the peak of 2.7 million births in 1949 during the postwar baby boom. The data in a country of rapidly aging and shrinking population adds to concern about the sustainability of the economy and national security at a time it seeks to increase defense spending. Prime Minister Shigeru Ishiba has described the situation as 'a silent emergency' and has promised to promote more flexible working environment and other measures that would help married couples to balance work and parenting, especially in rural areas where family values tend to be more conservative and harder on women. The Health Ministry's latest data showed that Japan's fertility rate — the average number of babies a woman is expected to have in her lifetime — also fell to a new low of 1.15 in 2024, from 1.2 a year earlier. The number of marriage was slightly up, to 485,063 couples, but the downtrend since the 1970s remains unchanged. Experts say the government measures have not addressed a growing number of young people reluctant to marry, while focusing largely on couples already married and plan to have or already had children. The younger generation are increasingly reluctant to marry or have children due to bleak job prospects, a high cost of living and a gender-biased corporate culture that adds extra burden only on women and working mothers, experts say. A growing number of women also cite pressure to change their surnames to that of their husband as part of their reluctance to marry. Under a civil law, couples must choose either surname to legally marry, a rule traditionally has caused women to abandon their maiden names. Japan's population of about 124 million people is projected to fall to 87 million by 2070, by when 40% of the population will be over 65.

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Weird Elantra N Sales Surge Likely Isn't a Sport Sedan Comeback

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Popularity for the humble sedan has faltered over the years, as buyers turn to more practical, higher-riding crossovers. Likewise, affordable performance cars aren't nearly as popular as they were, say, 20 years ago. That's why we're so surprised to hear the Hyundai Elantra N , a sporty sedan, just had its best sales month ever. Sadly, it's likely not a big a deal as you think. Hyundai reported May sales numbers this week, highlighting a massive 141-percent increase in Elantra N sales—the best single month for the trim since its introduction in 2021. While the company doesn't break down units sold by trim, the N's sales milestone comes as part of a 24-percent increase in sales for the Elantra overall, with 15,741 units sold. Don't get us wrong, the Elantra N is an excellent car. It punches above its weight, offering similar performance and smiles to cars that cost five figures more . But a 141-percent jump is an anomaly to big to be explained by enthusiast demand. The real reason behind the spike? It's likely due to the car's refresh, which occurred in early 2024 . When a car is replaced or refreshed, its assembly plant has to be shut down to retool for new body panels and other updates. The pause in production means dealers aren't receiving as many units, which leads to a temporary sales slump. That's what likely happened here. Dealers probably weren't able to sell many Elantra Ns last May simply because they didn't have any in stock. So comparatively, sales jumped in 2025, when inventory normalized. The addition of an automatic transmission also likely helped. That's just a theory, of course. We've reached out to Hyundai for a more concrete explanation. We'll be sure to update this article when we hear back. Either way, for the Elantra N to have its best sales month ever in 2025, four years after it went on sale, is impressive. Enthusiast-focused cars usually have the opposite occur, with the biggest sales happening at the beginning of the lifecycle. This milestone is further proof people still want affordable, fun sedans. More on the Elantra N Hyundai Slaps a Big Wing on the Elantra N The Hyundai Elantra N Nearly Dethroned the Civic Type R in a Race Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )

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