Worldwide

Microsoft launches new firm with $2.5 billion investment to accelerate AI adoption

Microsoft launches new firm with $2.5 billion investment to accelerate AI adoption

The new operating business is focused on delivering Frontier Transformation through AI for customers around the world

Eurozone inflation drops to 2.8 percent in June as energy, services pressures ease

Eurozone inflation drops to 2.8 percent in June as energy, services pressures ease

Fresh Eurostat data suggests price pressures in the euro area are becoming less intense

U.S. inflation breaks 4 percent level for first time since 2023 as oil shock pushes prices higher

U.S. inflation breaks 4 percent level for first time since 2023 as oil shock pushes prices higher

Rising energy prices linked to Middle East tensions push inflation above Fed target levels

Amazon expands India AI, cloud investment to $48 billion with additional $13 billion through 2030

Amazon expands India AI, cloud investment to $48 billion with additional $13 billion through 2030

Investment will expand AI and cloud infrastructure across Mumbai and Hyderabad

EU approves tariff cuts on U.S. goods under Trump trade deal agreement

Banking & Finance

EU approves tariff cuts on U.S. goods under Trump trade deal agreement

The move fulfills the EU’s obligations under a trade deal and helps avoid renewed tariff tensions

European Parliament advances digital euro plan as EU moves closer to central bank digital currency

Banking & Finance

European Parliament advances digital euro plan as EU moves closer to central bank digital currency

Proposed central bank digital currency would complement cash and strengthen payment sovereignty

ECB keeps cautious stance as Lagarde signals limited room for more rate hikes

ECB keeps cautious stance as Lagarde signals limited room for more rate hikes

Policymakers remain focused on inflation while supporting economic growth

Europe’s climate damage costs hit $941.7 billion as fiscal risks grow

Banking & Finance

Europe’s climate damage costs hit $941.7 billion as fiscal risks grow

A new report highlights the rising economic burden of extreme weather across the EU

U.K. interest rates stay at 3.75 percent as Bank of England warns over energy price uncertainty

U.K. interest rates stay at 3.75 percent as Bank of England warns over energy price uncertainty

The central bank warned that geopolitical tensions are clouding the inflation outlook

Eurozone’s inflation rises to 3.2 percent in May as services keep price pressures elevated

Eurozone’s inflation rises to 3.2 percent in May as services keep price pressures elevated

Eurostat data showed inflation accelerated across both the euro area and the European Union

U.K. GDP shrinks 0.1 percent in April as services drive decline, inflation eases to 2.8 percent

U.K. GDP shrinks 0.1 percent in April as services drive decline, inflation eases to 2.8 percent

Mixed signals from inflation and GDP leave policymakers balancing stability and weak momentum

U.S. strategic petroleum reserve nears lowest level since 1983 amid global supply strain

U.S. strategic petroleum reserve nears lowest level since 1983 amid global supply strain

The SPR continues to decline as geopolitical tensions and shipping disruptions pressure global energy security

May 2026 ranks second-warmest globally as rapid heatwaves, extreme weather cause disruptions

May 2026 ranks second-warmest globally as rapid heatwaves, extreme weather cause disruptions

Europe transitions rapidly from below-average baseline temperatures to intense early-season heatwaves

Japan initiates biggest budgetary reform since 1945 to eliminate structural reliance on supplementary spending packages

Japan initiates biggest budgetary reform since 1945 to eliminate structural reliance on supplementary spending packages

The reform directly addresses opposition and investor criticism regarding overly loose fiscal policies

Putin affirms BRICS drives growth as bloc generates 49 percent of global GDP expansion, $1 trillion in trade

Putin affirms BRICS drives growth as bloc generates 49 percent of global GDP expansion, $1 trillion in trade

The member states' share of global trade has more than doubled since inception

Japan’s foreign reserves drop by record $77.11 billion in May, lowest since July 2025

Japan’s foreign reserves drop by record $77.11 billion in May, lowest since July 2025

Sharp decrease is largely attributed to aggressive efforts by Tokyo authorities to stabilize the yen

Google’s Alphabet upsizes equity offering to $84.75 billion to meet high-density AI compute needs

Google’s Alphabet upsizes equity offering to $84.75 billion to meet high-density AI compute needs

Move signals strong investor appetite for tech giants expanding their AI infrastructure

Eurozone’s May Composite PMI falls to 48.5 as shrinking demand, inflation signal 0.2 percent Q2 GDP contraction

Eurozone’s May Composite PMI falls to 48.5 as shrinking demand, inflation signal 0.2 percent Q2 GDP contraction

Private sector activity contracts at fastest pace in 18 months

EU hits key labor, education targets but struggles to halt sharp environmental decline

EU hits key labor, education targets but struggles to halt sharp environmental decline

Findings indicate little to no progress was made regarding the goal of international partnerships

India approves $1 billion support to cap aviation fuel prices amid global energy pressures

India approves $1 billion support to cap aviation fuel prices amid global energy pressures

Government caps aviation turbine fuel price at INR75.6 per litre for domestic flights

World Bank and Japan launch $20 million initiative, finalize new framework to secure supply chains, critical minerals

Banking & Finance

World Bank and Japan launch $20 million initiative, finalize new framework to secure supply chains, critical minerals

New platforms extend existing partnerships of Japan with the World Bank Group on critical minerals

Trump adjusts tariffs on steel, aluminum, and copper derivatives up to 25 percent until end of 2027

Banking & Finance

Trump adjusts tariffs on steel, aluminum, and copper derivatives up to 25 percent until end of 2027

Foreign companies can qualify for a lower 10 percent tariff to incentivize local domestic production

U.S. government takes equity stakes in nine quantum computing firms under $2 billion grant package

Banking & Finance

U.S. government takes equity stakes in nine quantum computing firms under $2 billion grant package

IBM emerges as top beneficiary securing $1 billion of the total funding package

Japan’s Q1 2026 real GDP expands 0.5 percent, marking an annualized 2.1 percent growth rate

Japan’s Q1 2026 real GDP expands 0.5 percent, marking an annualized 2.1 percent growth rate

Nominal gross domestic product increases 0.8 percent during the three-month period