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China’s fiscal revenue fell 2.8 percent YoY to $1.62 trillion in H1 2024

A breakdown of the data showed that the central government collected around 5 trillion yuan in fiscal revenue

World Bank to issue first ‘drought’ bond in the next 12 to 18 months

IBRD has made $568 million of insurance payouts on catastrophe bonds

Pakistan secures new $7 billion loan program from IMF

This agreement, Pakistan's 24th IMF bailout, now awaits approval from the IMF's executive board

China’s central bank likely to hold medium-term lending rate steady next week

Weak Chinese currency has remained a major concern limiting any easing to the central bank's monetary policy

Japan’s current account surplus expands 41.8 percent to $18 billion in May 2024

Primary income came to a 4.21 trillion yen surplus, the largest since comparable data became available in 1985

South Korea’s current account surplus hits $8.92 billion in May, largest in 32 months

Exports, which played a major role in this economic shift, rose 11.1 percent year-on-year to $58.95 billion in May

Global gas demand forecast to grow 2.5 percent in 2024, driven by Asia: IEA

However, global demand growth is expected to fall below 2 percent year-over-year in the second half of 2024

Global oil demand growth slows in Q2 as EVs, economic headwinds impact consumption

The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024

China’s natural gas YoY consumption surges 11.9 percent to 143.73 billion cubic meters in January-April period

In April alone, consumption rose by 11.8 percent compared with the same period last year to total 35.46 billion cubic meters

EU natural gas demand declines by 7.4 percent in 2023

EU recorded the largest jump in demand in Finland with a 25.6 percent increase

China’s gasoline exports fall 50.8 percent to lowest in 9 years in April

Domestic travel saw a 28 percent increase compared to 2019, fueling demand for gasoline

2.5 million barrel drop in U.S. crude, 235,000 barrel gasoline drawdown as refining, demand rise: EIA

Gasoline product supplied last week was 8.9 million bpd, up slightly from the previous week

The weight loss market in 2024: three key questions we can no longer ignore

Unlocking the $100 billion weight loss market opportunity

Workplace wellness: 5 tips for a healthier office environment

Enhancing employee well-being improves organizational performance

Navigating the impact of social media on kids’ mental health and well-being 

Middle East home to some of the highest engagement with apps  

The convergence of biosciences and computation

 The Global Effort in Accelerating the 5th Industrial Revolution

Industry

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Logistics

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EU agri-food trade surplus reaches $5.43 billion in April 2024, driven by higher prices and increased exports

Exports reached €19.8 billion ($21.5 billion), mainly due to increased prices of olives and olive oil

EU, Singapore conclude negotiations for landmark Digital Trade Agreement

The agreement aims to build trust, ensure predictability for businesses, and remove barriers to digital trade

U.S. trade deficit declines 2.5 percent to $96.8 billion in June

Consumer goods imports rose 3.3 percent in June, reflecting solid domestic demand

Global business travel spending to reach $1.48 trillion in 2024, $2 trillion by 2028: Report

In 2023, the business travel industry had recovered approximately $675 billion of the $770 billion lost in 2020

Beijing foreign trade volume hits record-high $256.61 billion in H1 2024

Emerging industries stood out as key contributors to export growth in Beijing, accounting for 27.8 percent of city's total exports

Japan posts first trade surplus in three months in June at $1.4 billion

During the first six months of 2024, Japan’s trade deficit declined by more than half to $21 billion

U.S. election to drive gold’s safe-haven demand, impact broader macro variables: Report

Rising geopolitical threats and political uncertainty will likely impact financial markets around U.S. election

Global gold ETFs plummet $6.7 billion in 2024, marking worst performance in over a decade: Report

Data showed that Asia was an outlier that registered inflows of $3.1 billion in H1 2024

Euro on track for greatest monthly fall since January, dollar close to 40-year high against yen

At 172.38 yen per euro, the currency declined to a record low on the common currency early on Friday

Amazon’s market value exceeds $2 trillion as stock surges 3.9 percent on AI optimism

U.S. stock market recorded significant gains this year as enthusiasm around AI surged

Japan spends record $62 billion to prop up yen amid currency volatility

This amount exceeds the nearly 9.2 trillion yen Japan spent on yen-buying, dollar-selling operations in late 2022

Gold prices decline on stronger dollar ahead of key economic data

First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations

Miscellaneous

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Is Japan facing a profound demographic crisis as its population drops by over 500,000 in 2023?

The country’s birth rate hit a record low of 730,000 in 2023, while deaths reached a record high of 1.58 million

Amazon Prime Day 2024 shatters records, driving $7.2 billion in online sales on day one

Amazon offered early access to deals before its rime Day event this year, trying to drive earlier consumer demand

World’s population to reach 10.3 billion by 2080 with uneven demographic shifts across regions: Report

Rapid population doubling projected in 9 developing countries by 2054 due to very high growth rates

World Bank to provide affordable healthcare to 1.5 billion people by 2030

Expected shortage of 10 million healthcare workers by 2030 to further exacerbate healthcare access

10 biggest companies in the world by market capitalization

Energy powerhouse Saudi Aramco makes it to the list

What is EBITDA?

Understand one of the most popular metrics for a business's financial health

Real Estate

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U.S. home sales dip as median price rises 4.1 percent to all-time high

U.S. home sales declined 5.4 percent last month to 3.89 million units

U.S. single-family home sales at six-month low in May as supply hits over 16-year high

U.S. new home sales saw an 11.3 percent decline to 619,000 units last month, the lowest level since November 2023

China’s new home prices rise 0.25 percent in May, maintain 9-month positive trend

The central bank's $138 billion support in May helped prop up the real estate sector

Saudi Arabia, China ink two key deals to boost Kingdom’s housing sector

Agreements to develop and raise the quality of residential projects across the Kingdom

Germany’s commercial property prices down 9.6 percent in Q1 2024: Report

In Q1 this year, residential property prices declined 4.3 percent

Hong Kong home prices up 1.1 percent in March, first rise in 10 months

Higher mortgage rates, an outflow of talent and a weak market outlook impact property sales

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