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EU approves $221 million subsidies to boost Germany’s offshore renewable energy infrastructure

Banking & Finance

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

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

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

Japanese companies achieve record $244 billion in pretax profits during April-June

Japanese companies achieve record $244 billion in pretax profits during April-June

Capital spending surges 7.4 percent to 11.92 trillion yen in Q2

India to produce 6 million chips daily with new semiconductor unit in Gujarat

India to produce 6 million chips daily with new semiconductor unit in Gujarat

The chips produced here will serve various industries, including automotive, electric vehicles, consumer electronics

China’s international trade in goods, services up 12 percent to $593.9 billion in July 2024

China’s international trade in goods, services up 12 percent to $593.9 billion in July 2024

For services, the value of exports was 228.8 billion yuan, while imports reached 367.1 billion yuan

South Korea’s August exports reach $57.9 billion, up 11.4 percent YoY, driven by strong semiconductor demand

South Korea’s August exports reach $57.9 billion, up 11.4 percent YoY, driven by strong semiconductor demand

Imports rose by 6 percent year-on-year to $54 billion, resulting in a trade surplus of $3.83 billion

India’s fintech industry attracts $31 billion in investment

India’s fintech industry attracts $31 billion in investment

Startups in this field have surged by 500 percent, says Prime Minister

Eurozone inflation hits 3-year low of 2.2 percent in August, signaling possible ECB rate cut next month

Banking & Finance

Eurozone inflation hits 3-year low of 2.2 percent in August, signaling possible ECB rate cut next month

The inflation landscape is gradually improving, highlighting the progress toward the ECB's 2 percent target

Fitch reaffirms U.S. credit rating at AA+, says fiscal profile unlikely to change much after elections

The agency expects most 2017 Trump tax cuts to continue, impacting revenue and increasing deficits

Japan upgrades economic assessment for first time in over a year, reflecting improved consumer spending

Japan upgrades economic assessment for first time in over a year, reflecting improved consumer spending

The government noted that consumption is rising as shipping disruptions at some automakers ease

ChatGPT’s weekly users exceed 200 million, says OpenAI

ChatGPT’s weekly users exceed 200 million, says OpenAI

The startup also revealed that 92 percent of Fortune 500 companies are using its products

U.S. economy grows 3 percent in Q2 2024, powered by robust consumer spending and business investment

U.S. economy grows 3 percent in Q2 2024, powered by robust consumer spending and business investment

This growth marks a strong rebound from a sluggish 1.4 percent increase in Q1 2024

China’s $676 billion investment leading the global energy transition

China’s $676 billion investment leading the global energy transition

The country's wind and solar exports cut global CO2 emissions by about 810 million tons in 2023

9.11 million foreign tourists visit South Korea during January and July 2024, up 66.8 percent

9.11 million foreign tourists visit South Korea during January and July 2024, up 66.8 percent

This figure represents 97 percent of the tourist levels recorded in July 2019, prior to the COVID-19 pandemic

China’s industrial companies achieve $575.1 billion in profits in first seven months

China’s industrial companies achieve $575.1 billion in profits in first seven months

The country’s major firms reported 4.1 percent profit increase in July alone

OECD forecasts Malaysia’s GDP growth at 4.9 percent for 2024, 4.7 percent for 2025

OECD forecasts Malaysia’s GDP growth at 4.9 percent for 2024, 4.7 percent for 2025

This growth is driven by increased domestic demand and a recovery in electronics exports

South Korea sets 2025 budget at $509.71 billion amid fiscal restructuring

South Korea sets 2025 budget at $509.71 billion amid fiscal restructuring

The country allocated 29.7 trillion Won for R&D in 2025 budget

What to expect from Apple’s highly anticipated fall event on September 9

What to expect from Apple’s highly anticipated fall event on September 9

How Apple aims to reignite global growth with its fall lineup

China’s tax revenue drops 5.4 percent as non-tax revenue rises 12 percent in first 7 months of 2024

China’s tax revenue drops 5.4 percent as non-tax revenue rises 12 percent in first 7 months of 2024

Fiscal revenue declined 2.6 percent during this period

China’s telecom sector sees 3 percent YoY growth, generating $145.4 billion in revenue in Jan-July

China’s telecom sector sees 3 percent YoY growth, generating $145.4 billion in revenue in Jan-July

$36.3 billion in cloud and big data revenue drives the industry

India’s foreign exchange reserves climb to $674.66 billion

India’s foreign exchange reserves climb to $674.66 billion

This figure is just below the previous record high of $674.919 billion

$30 million data centre inaugurated in Congo to catalyze digital economy

$30 million data centre inaugurated in Congo to catalyze digital economy

The 400-rack capacity facility is expected boost DRC's digital landscape

Olympic Games boost drives France private sector to 52.7 PMI in August, fastest expansion since March 2023

Olympic Games boost drives France private sector to 52.7 PMI in August, fastest expansion since March 2023

The reading was expected to remain unchanged at 49.1

Germany commits $3.89 billion to nature-based solutions for climate, biodiversity

Germany commits $3.89 billion to nature-based solutions for climate, biodiversity

This marks the largest investment ever in nature and climate protection in Germany, says minister