Worldwide

Global economic growth to stabilize at 3.2 percent this year, says OECD

Headline inflation in the G20 economies to ease to 5.4 percent in 2024 and 3.3 percent in 2025

Microsoft to invest $1.3 billion in Mexico’s cloud, AI infrastructure

Comapany also announced that it will continue to invest in the application of AI, by leveraging the AI for Good program

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

U.S. fiscal profile expected to deteriorate under incoming administration, says Moody’s

The report stated that the new administration will face a worsening fiscal landscape as debt affordability declines

U.S. consumer confidence falls to 98.7 amid labor fears, largest drop since August 2021 

Despite sharp decline in index, more households expressed intentions to purchase homes in the next six months

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

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

U.S. unemployment claims drop to four-month low in September, signaling economic strength amid rate cuts

Initial claims fell by 12,000 to 219,000 for the week ending September 14 

Bank of England holds rates at 5 percent, boosting pound to over two-year highs

The Committee unanimously cut U.K. government bond purchases by $93.77 billion, reducing the total to $523.58 billion

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

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

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

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 

China welcomes 36,968 new foreign firms and $81.7 billion in FDI in first 8 months of 2024

The high-tech manufacturing sector accounted for 12.4 percent of the total FDI, amounting to 72.1 billion yuan

U.S. aims for $250 billion in revenue with new corporate tax rules

This tax applies to companies with average adjusted income of $1 billion or more 

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 

IMF supports U.S. Fed’s anticipated easing cycle as inflation risks diminish

IMF projects core U.S. PCE inflation to end 2024 at 2.5 percent, returning to the Fed's 2 percent target by mid-2025 

Russia’s Central Bank hikes interest rate to 19 percent, second increase this year amid ongoing inflation

Annual inflation in the country is currently at 9 percent, surpassing earlier predictions

Amazon to invest $1.8 billion in Brazil by 2034

The company also committed to investing $10.47 billion in its data center operations in the U.K. over the next five years

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

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 yearÂ