Worldwide

China reveals major breakthroughs in gold exploration with 168 metric tons discovered 

This development is a key step in strengthening the nation's resource security 

U.S. stocks spike amid positive CPI report

The closely watched core measurement of the Consumer Price Index slowed for the first time in months

Malaysia, Singapore launch special economic zone to boost trade and investment

The zone will offer tax incentives and include key areas in sectors such as aerospace and tourism

Eurozone inflation rises to 2.4 percent for third consecutive month in December

Core inflation remained steady at 2.7 percent for the fourth month in a row

Eurozone economy struggles as December 2024 PMI reaches 49.6

Despite exceeding 49.5, PMI remained below the 50 threshold for growth 

Microsoft to invest $80 billion in AI-enabled data centers in fiscal 2025

More than half of the anticipated spending on AI infrastructure will be concentrated in the U.S.

Smaller, budget-friendly EVs key to adoption in emerging and developed markets: Report

In 2023, 95 percent of EV sales in emerging markets were premium models, unaffordable for most consumers

Indian Railways aims for net zero carbon emissions by 2030

The rail network has commissioned 487 MW of solar energy plants as of last month

Japan approves record $730 billion budget for FY 2025

The draft got greenlighted by the Cabinet, includes 8.7 trillion yen in defense spending

Japan to cut 60 percent of greenhouse gas emissions by 2035

Officials and experts also reached a consensus on a long-term objective of achieving a 73 percent reduction by fiscal 2040

Japan tourism: Record 33 million foreign visitors welcomed in first 11 months of 2024

The data highlights Japan's pandemic recovery and reflects broader trends influencing the future of international travel 

China’s logistics sector grows 52.8 percent in November as economic recovery signals strength

This represents an increase of 0.2 percentage points compared to October 2024 

China’s economy to grow 5 percent in 2024, contributing 30 percent to global expansion

Foreign exchange reserves remain steadily above $3.2 trillion 

Mastercard to repurchase up to $12 billion shares under new program

The company also announced a quarterly cash dividend of 76 cents per share

South Korea’s ICT exports surpass $20 billion for four consecutive months

Record high semiconductor exports drove the industry’s growth

Australia orders $5.1 million penalty on Kraken operator for unlawful credit facility issuance

Bit Trade ignored its design and distribution obligations until ASIC intervened, revealing compliance deficiencies

Australia central bank holds interest rates at 4.35 percent

The economy grew by only 0.8 percent over the past year, the slowest pace of growth since the early 1990s

China’s foreign trade up 4.9 percent to $5.49 trillion in 11 months

Exports surged by 6.7 percent year-on-year, totaling 23.04 trillion yuan 

Japan’s economic growth surpasses estimates: 1.2 percent GDP revision and implications for interest rate hikes

Japan's economy grew faster than expected in July-September, driven by higher capital investment and exports 

Euro area unemployment rate steady at 6.3 percent in October 2024

In October 2024, there were around 12.971 million people unemployed in the EU

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  

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

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