Worldwide

India aims for 17 million zero-emission trucks by 2050

The country is accelerating truck electrification with 30 new policy interventions

U.S. crude oil production set for surge to 13.7 million barrels per day in 2025

New Permian wells delivering high output at 433,000 barrels per day

Australia to build world’s largest $24 billion solar farm to power 3 million homes

The project will include an array of panels, batteries and, eventually, a cable linking Australia with Singapore

Eurozone inflation climbs to 2.6 percent in July, dampening ECB rate cut hope

Core inflation, excluding food and energy, held steady at 2.9 percent despite overall inflation rising

Vietnam ports’ cargo volume soars 16 percent to 501.117 million tons, TEUs reach 16.902 million in first seven months

Despite the surge in cargo volume, sea freight rates have been declining across all routes since the end of July

Pakistan’s IT exports surge 32 percent to $297 million in July on software and telecommunications

Software consultancy services saw a significant surge, increasing by 24.53 percent to reach $77.262 million

South Korea’s mid-sized businesses hit $2.52 billion in Q2 profits on semiconductors and auto parts

The operating profits of automobile and auto parts businesses increased 18.9 percent during the same period

Euro area trade surplus hits $24.6 billion, driven by machinery and vehicles

Intra-euro area trade fell 5.9 percent in the first half of 2024, reaching EUR1,303.8 billion

Switzerland’s industrial production up 7.3 percent on manufacturing and construction

This growth rate represents the largest increase since the first quarter of 2021

Service sector fuels German employment growth, adding 229,000 jobs in Q2 2024

The total number of employed and self-employed individuals rose to 46.1 million

Only 20 percent of Japanese companies use GenAI due to expertise, accuracy concerns: Survey

The primary concern cited by 54.1 percent of respondents was a lack of skilled staff and operational expertise

India successfully launches Earth Observation Satellite-8

The satellite, designed for a one-year mission duration, carries a range of advanced technologies

South Korea’s ICT exports surge 32.8 percent to $19.4 billion on AI and mobile phones

Semiconductor exports skyrocketed by 49.0 percent to $11.23 billion

South Korea’s automotive exports down 9.1 percent, still hit $5.4 billion in July 2024

Hybrid vehicle sales surged by 56.6 percent year-on-year, reaching $980 million

U.S. inflation slows to 2.9 percent, lowest in over 3 years

Fed rate cut likely as inflation continues to decline

Australian wage growth slows to weakest pace in a year as labor market cools

RBA sees easing wage pressures, but inflation battle persists

BoE faces pressure as U.K. inflation nudges higher to 2.2 percent in July on energy cost

The increase, although expected, was slightly smaller than the 2.3 percent rise anticipated by analysts

New Zealand slashes key rate for first time in 4 years as inflation nears target

Central bank suggested at least three more cuts by the middle of next year, projecting the cash rate at 4.9 percent in the fourth quarter of 2024

Japan’s wholesale inflation surges to 11-month high as weak yen bites

The corporate goods price index hit a record high of 123.1, marking the eighth straight month of increases

Google brings powerful Gemini AI to Android, alongside new Pixel 9 phones

The smartphones come equipped with the Gemini AI features and are powered by Google's Tensor G4 processor