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Banking & Finance
EU approves $221 million subsidies to boost Germany’s offshore renewable energy infrastructure
New docking facilities on Germany's North Sea coast will handle heavy loads, including wind farm components
Asia
India to produce 6 million chips daily with new semiconductor unit in Gujarat
The chips produced here will serve various industries, including automotive, electric vehicles, consumer electronics
Asia
China’s international trade in goods, services up 12 percent to $593.9 billion in July 2024
For services, the value of exports was 228.8 billion yuan, while imports reached 367.1 billion yuan
Asia
South Korea’s August exports reach $57.9 billion, up 11.4 percent YoY, driven by strong semiconductor demand
Imports rose by 6 percent year-on-year to $54 billion, resulting in a trade surplus of $3.83 billion
Asia
China’s industrial companies achieve $575.1 billion in profits in first seven months
The country’s major firms reported 4.1 percent profit increase in July alone
Asia
Vietnam ports’ cargo volume soars 16 percent to 501.117 million tons, TEUs reach 16.902 million in first seven months
Despite the surge in cargo volume, sea freight rates have been declining across all routes since the end of July
Economy
Switzerland’s industrial production up 7.3 percent on manufacturing and construction
This growth rate represents the largest increase since the first quarter of 2021
Asia
South Korea’s ICT exports surge 32.8 percent to $19.4 billion on AI and mobile phones
Semiconductor exports skyrocketed by 49.0 percent to $11.23 billion
Asia
China remains Africa’s top trade partner with bilateral exchange reaching $166.6 billion in Jan-July
This represents a 5.5 percent year-on-year increase in trade volume
Asia
South Korea’s automotive exports down 9.1 percent, still hit $5.4 billion in July 2024
Hybrid vehicle sales surged by 56.6 percent year-on-year, reaching $980 million
Asia
China’s industrial output expands 5.1 percent in July, driven by strong exports and new growth drivers
Industrial profits rose 3.5 percent in the first six months of the year
Asia
China’s foreign trade hits $3.46 trillion in Jan-Jul 2024, defying economic headwinds
The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period
Asia
South Korea’s industrial output declines 0.1 percent in June, retail sales and facility investment rebound
The construction sector and public administration saw declines of 0.3 percent and 5.1 percent respectively