Worldwide

Optimism grows for U.K. markets as Bank of England slashes rates, boosts growth outlook

The BoE cut rates by 0.25 percent to 5.0 percent, a decision viewed as a close call

China broils under record-breaking temperatures, data reveals hottest July since 1961

Weathercasters warn the intense heat is far from over and is expected to persist into August

South Korea’s industrial output declines 0.1 percent in June, retail sales and facility investment rebound

The construction sector and public administration saw declines of 0.3 percent and 5.1 percent respectively

Easing inflation, weaker consumer spending signal two potential Fed rate cuts in 2024: Report

The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023

Bank of Japan surprises with rate hike for second time since 2007, trims bond buying

The central bank raised its short-term policy rate to levels not seen since 2008, defying market expectations

Eurozone GDP rises 0.3 percent in Q2 2024, exceeding analyst projections as Germany unexpectedly shrinks

Germany, Eurozone's biggest economy, unexpectedly contracted 0.1 percent in Q2

International visitors spend record $3.7 billion in Brazil in H1 2024

This represents a 15.6 percent surge compared to the first half of 2023

Key economic data releases and decisions this week: GDP, inflation, PMI and interest rates

This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings

Ethiopia secures $3.4 billion IMF financing program with $1 billion immediate disbursement

The Ethiopian central bank has floated the birr, a crucial step for securing IMF support and progressing its debt restructuring

U.S. fortifies strategic crude oil stockpile with new 4.65 million barrel purchase

This procurement is part of a series of contracts aimed at refilling the nation's emergency oil stockpile

China sees 5.4-fold jump in inbound tourism, welcoming over 4.36 million visitors in H1 2024

The number of international travelers entering China under the 72/144-hour visa-free transit policies quadrupled YoY

Malaysia applies to join BRICS, strengthening bilateral relations with Russia

Malaysia's bid to join BRICS was a key agenda item in India's PM's meeting with the Russian Foreign Minister

GCFC, IRENA collaborate to unlock innovative climate finance for sustainable energy transition

The GCFC is working to create an ecosystem that enables investments into low-carbon, sustainable, and resilient projects

Will faster than expected Q2 U.S. economic growth set stage for potential Fed rate cut?

The solid growth is driven by resilient consumer spending and business investment

EU agri-food trade surplus reaches $5.43 billion in April 2024, driven by higher prices and increased exports

Exports reached €19.8 billion ($21.5 billion), mainly due to increased prices of olives and olive oil

EU, Singapore conclude negotiations for landmark Digital Trade Agreement

The agreement aims to build trust, ensure predictability for businesses, and remove barriers to digital trade

CrowdStrike CEO says over 97 percent of Windows sensors back online

Company's shares have plummeted over 13.5 percent in the last 5 days

Is Japan facing a profound demographic crisis as its population drops by over 500,000 in 2023?

The country’s birth rate hit a record low of 730,000 in 2023, while deaths reached a record high of 1.58 million

What does Google’s decision to keep third-party cookies mean for the future of the internet?

The internet giant said it will "introduce a new Chrome experience for informed browsing choices"

Meta unveils Llama 3.1, its most capable AI model to date

As part of this latest release, Meta is introducing upgraded versions of the 8B and 70B Llama 3 models

Earth scorches new temperature record: World’s hottest day revealed

Could this be the start of a worrying new temperature trend?

Tesla profits plunge 45 percent in Q2 2024, revenues rise to $25.5 billion

Company reported its lowest profit margin in more than five years with net income declining to $1.48 billion

Global business travel spending to reach $1.48 trillion in 2024, $2 trillion by 2028: Report

In 2023, the business travel industry had recovered approximately $675 billion of the $770 billion lost in 2020