Worldwide

Google agrees to pay Italy $340 million to settle Italian tax case

Google has previously faced financial penalties, including over $1 billion paid to France for tax fraud allegations

U.S. adds 143,000 jobs in January as unemployment rate slips to 4 percent

November and December payrolls were revised up by 100,000 due to routine annual adjustments

South Korea’s GDP per capita outpaces Japan and Taiwan in 2024, surpasses $36,000

The country's per capita GDP has been calculated based on a nominal growth rate of 5.9 percent

GDP remains steady in Eurozone, up by 0.1 percent in EU

Germany and France, the two largest economies within the bloc, have reported unexpected contractions

India and China to resume air travel after nearly 5 years

India noted discussions on economic concerns to promote policy transparency

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 yuanÂ