Worldwide

Brazil to be 8th largest economy as it gears up to host COP30 climate conference in 2025, says President

The Brazilian leader also noted that country's GDP grew by 2.5 percent in the last 12 months

Google introduces new AI-powered anti-theft features for Android in Brazil

Brazilian Android users with compatible devices will be able to access a beta version of these features

BRICS actively working on national currencies’ payment platform, says Russian FM

BRICS meeting to discuss international relations, conflict resolution and interaction in leading multilateral platforms

Bank of Canada lowers key interest rates to 4.75 percent, marking first cut in four years

Inflation in Canada declined this year to a three-year low of 2.7 percent in April

Australia’s trade surplus recovers to $4.34 billion in April as imports fall 7.2 percent

Exports fell 2.5 percent driven by a decline in metal ores and minerals exports

Nvidia exceeds $3 trillion mark, overtakes Apple as second most valuable company

Nvidia's stock has surged 147 percent so far this year, with demand for its AI chips significantly outweighing supply

Global travel and tourism sector to grow by about $15 trillion over next decade: WTTC

The President of WTTC praised the UAE for their efforts in utilising travel and tourism to promote sustainable development

Russia raises 2024 budget deficit estimate to $23.76 billion at 1.1 percent of GDP

Russia reduced forecasts for additional oil and gas revenues by 767 billion roubles to 1.05 trillion roubles

SAF production to triple to 1.5 million tons by 2024: Report

Around 140 SAF projects are planned by 2030, the report said

Global unemployment to dip to 4.9 percent in 2024, but challenges remain: Report

The labor market remains an uneven playing field, particularly for women

Cash losing ground to digital payment solutions in Latin America: Report

In just two years, debit cards have surpassed cash as the preferred payment option among Spanish-speaking Latin Americans

Top 15 richest countries in the world by GDP per capita PPP

Luxemburg is the country with the highest GDP per capita PPP of $143,740 in 2024

Worldwide AI chips revenue to grow 33 percent to $71 billion in 2024: Report

The value of AI accelerators used in servers is expected to increase to $33 billion by 2028

Gold prices decline on stronger dollar ahead of key economic data

First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations

Australia’s inflation hits five-month high in April at 3.6 percent annually with 4.1 percent core rate

The CPI excluding volatile items and holiday travel stayed at an annual 4.1 percent

Gold prices dip as traders reduce rate cut expectations ahead of U.S. inflation data

Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates

Public cloud spending projected to reach $675 billion globally by 2024: Report

SaaS spending is forecast to grow 20 percent to reach a total of $247.2 billion in 2024

Gold prices dip as focus shifts to U.S. inflation data

Strong dollar, possible interest rate hikes are major risks to gold prices

Gold prices recover from 2-week low ahead of U.S. inflation data

Gold prices achieved a record high of $2,449.89 but have since lost over $100

Russia’s foreign exchange reserves surge to $603.7 billion in May 2024

The country's foreign exchange reserves rose by $5.3 billion, or 0.9 percent, from May 10 to May 17

Gold prices eye largest weekly drop in 8 months

Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices

Growth is top business priority for 62 percent of CEOs in 2024: Survey

34 percent of CEOs identify AI as the top theme for business tranformation

Global carbon pricing revenues reach record $104 billion in 2023: Report

The report found that there are now 75 carbon pricing instruments in operation worldwide

Gold prices continue to decline after Monday’s record high

Traders are currently pricing in a 73 percent chance of an interest rate cut in November