Sector

Banking & Finance

See Articles
China’s industrial profits top $814 billion in Jan-Oct

Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month  

Fed to keep interest rates unchanged in December, says Nomura

Other global brokerages, including Goldman Sachs and J.P.Morgan, anticipate a 25 bps cut from the central bank next month

Fed’s Powell says no need to hurry in lowering interest rates amid stronger U.S. economy

Economy's recent performance has been 'remarkably good, by far the best of any major economy in the world'.

Fed’s Powell signals cautious approach to future interest rate cuts

Powell said the results of Tuesday's presidential election would have no 'near-term' impact on U.S. monetary policy

China central bank doesn’t buy gold for 6th straight month

Central bank buying slowed in but demand remained robust at 186 tons

China’s privately offered funds hit $2.76 trillion by end-September

Equity investment funds, valued at 10.89 trillion yuan, were the largest category

U.S. transportation department allocates $196 million for natural gas pipes modernization

Law authorized around a $1 billion investment over five years to modernize natural gas distribution pipes across the U.S

China reveals world’s largest floating offshore wind turbine, generating 62 million kWh annually for 37,000 homes

This turbine has a 260-meter diameter wind wheel and a sweeping area of 53,100 square meters

Tropical Storm Helen halts 24 percent of oil production in Gulf of Mexico

The U.S. Gulf of Mexico accounts for around 15 percent of total domestic oil production and 2 percent of natural gas production

Russia remains one of leading energy market players despite challenges, says Putin

Russia's oil exports to Asia-Pacific region grew 1.5-fold and already exceeded 60 percent

Indonesia targets 23 percent renewable energy share in total energy mix by 2025

This target encompasses a range of renewable sources, such as solar, wind, bioenergy, hydropower, and geothermal energy 

South Korea invests $3.7 billion to revamp medical education by 2030

Starting in 2025, 1,000 full-time faculty will be added at state medical schools by 2027, including 330 next year 

Japan’s ongoing efforts to implement four-day workweek to attract, retain workers

The country is grappling with a labor shortage exacerbated by a declining birthrate

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

See Articles
China’s industrial profits top $814 billion in Jan-Oct

Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month  

China’s privately offered funds hit $2.76 trillion by end-September

Equity investment funds, valued at 10.89 trillion yuan, were the largest category

South Korea inks $2 billion agreement with Philippines to boost infrastructure projects in developing nations 

The deal stipulates that Korea will allocate $905 million from the fund for the construction of the initial segment of the Laguna Lake Road Network 

U.S. current account deficit soars to $266.8 billion, reaching two-year high due to import surge

This deficit reached 3.7 percent of GDP, the highest since Q2 2022, up from 3.4 percent in Q1

China’s industrial output sees $6.4 billion export growth in August 2024

The industrial output, a key economic indicator, increased by 4.5 percent YoY in August

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

Logistics

See Articles
China’s industrial profits top $814 billion in Jan-Oct

Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month  

China’s foreign trade grows 4.6 percent YoY in October, reaching $5 trillion in ten months

Exports amounted to $2.93 trillion, up 5.1 percent YoY, and imports totaled $2.14 trillion 

China’s privately offered funds hit $2.76 trillion by end-September

Equity investment funds, valued at 10.89 trillion yuan, were the largest category

Japan exports fall for first time in 10 months in September, trade deficit reaches $1.97 billion

Soft demand in China and slowing U.S. growth weighed on Japan's exports

South Korea inks $2 billion agreement with Philippines to boost infrastructure projects in developing nations 

The deal stipulates that Korea will allocate $905 million from the fund for the construction of the initial segment of the Laguna Lake Road Network 

China’s international trade reaches $585.2 billion in August, 4 percent YoY growth

The nation's exports of goods and services totaled $322.4 billion, while imports were recorded at $263.5 billion

India dominates global IPO landscape with over 220 deals worth $12.2 billion: Report

The U.S. came in second with 133 deals of $23.1 billion while China ranked third with 69 transactions worth $5.3 billion

U.S. market reactions to CPI results signal strong Fed rate cut expectations amid mixed economic signals

CPI showed annual inflation fell by 0.4 points to a lower-than-expected 2.5 percent

U.S. recession fears diminish as stocks continue to recover globally, Nasdaq up 2.87 percent

Japan's broader Topix index also witnessed a 0.88 percent rise to 2,483.30 while the Nikkei 225 index inched up 0.56 percent to 35,025

Meta raises $10.5 billion in debt offering to supercharge AI investments, outpace competition

Analysts projected Meta's 2024 capex at $35-40 billion, but the company raised the minimum to $37 million

U.S. stocks dip amid weak 10-year Treasury demand, Nasdaq down 1.05 percent

The S&P 500 technology index declined 1.36 percent, marking the previous session's largest decline

Japanese stocks rebound after biggest slip since 1987 Black Monday, Nikkei up 10.23 percent

From July 11 to Monday's crash, the Nikkei index lost $792 billion off its peak market value

Miscellaneous

See Articles
U.S. hosts record 1.12 million international students, adding $50 billion to economy in 2023/2024

Despite competition from the U.K., Canada, and Australia, the U.S. remains the top choice for international students

NASA launches largest-ever spacecraft to Jupiter’s moon in lookout for habitable ocean world

Spacecraft spans 30.5 meters from end to end and weighs about 5,900 kilograms

Elon Musk reveals plans for five uncrewed Mars missions

Musk has often revised Starship timelines, claiming uncrewed Mars landings in five years and human landings in seven 

Japan’s land prices rise 1.4 percent as of July, marking three years of growth since 1992

This trend is attributed to heightened foreign investment spurred by the weak yen 

South Korea’s KASA, NASA collaborate on deep space exploration, lunar research, and space traffic management

The two entities pledged to identify innovative projects in space life sciences and deep space antennas

World Bank commits over $2 billion to support Bangladesh’s reforms

The Bank will reallocate $1 billion, totaling $3 billion in loans and grants for the fiscal year ending June 2025

Real Estate

See Articles
U.K. house prices rise 3.9 percent to record high in October

London continues to have the most expensive house prices in the U.K., now averaging £543,308

U.S. existing home sales fall to 14-year low in September 2024

30-year fixed-rate mortgage averaged 6.44 percent as of October 17, up from 6.32 percent one week ago

U.S. home prices rise slightly in July 2024 amid slowing momentum, improving supply conditions

Mortgage rates drop to 4.75 percent to 5.00 percent range as housing affordability improves

Japan’s land prices rise 1.4 percent as of July, marking three years of growth since 1992

This trend is attributed to heightened foreign investment spurred by the weak yen 

Canada home sales rise 1.3 percent to seven-month high in August

New listings posted a 1.1 percent month-on-month increase in August

U.K. housing market shifts positively as surveyors report first price balance in nearly two years

Expected sales for the next three months reached their highest level since January 2020, before the COVID-19 pandemic 

The company that dares to digitally enable LIFE

stc into fintech, IoT, AI, data, connectivity, 5G, e-gaming and all what matters