Worldwide

Amazon Prime Day 2024 shatters records, driving $7.2 billion in online sales on day one

Amazon offered early access to deals before its rime Day event this year, trying to drive earlier consumer demand

World Bank to issue first ‘drought’ bond in the next 12 to 18 months

IBRD has made $568 million of insurance payouts on catastrophe bonds

Global gas demand forecast to grow 2.5 percent in 2024, driven by Asia: IEA

However, global demand growth is expected to fall below 2 percent year-over-year in the second half of 2024

Global smartphone shipments rise 6.5 percent in Q2 2024: Report

Samsung captured the top position in Q2 of 2024 with an 18.9 percent share of smartphone shipments

World’s population to reach 10.3 billion by 2080 with uneven demographic shifts across regions: Report

Rapid population doubling projected in 9 developing countries by 2054 due to very high growth rates

Global oil demand growth slows in Q2 as EVs, economic headwinds impact consumption

The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024

Global wealth poised for continued growth, $83 trillion intergenerational transfer by 2040: Report

In 2023, wealth growth across the world has recovered from its 3 percent contraction the previous year

Samsung launches new AI-powered foldable phones, smartwatches and rings

The company priced the Z Flip 6 at $1,099.99, and the Z Fold 6 starting at $1,899.99

Global gold ETFs plummet $6.7 billion in 2024, marking worst performance in over a decade: Report

Data showed that Asia was an outlier that registered inflows of $3.1 billion in H1 2024

Global PC shipments rise 3 percent in Q2 2024, Apple sees biggest jump: Report

Apple's PC shipments surged by 20.8 percent annually in Q2, marking the largest rise among global PC makers

Euro on track for greatest monthly fall since January, dollar close to 40-year high against yen

At 172.38 yen per euro, the currency declined to a record low on the common currency early on Friday

Australian shares plummet 1.4 percent as inflation surges to 4 percent, stoking rate hike fears

Morgan Stanley analysts expect an August rate hike, which may further weaken domestic trading conditions

Canada’s unexpected inflation surge dampens hopes of July rate cut

The annual inflation rate accelerated to 2.9 percent in May from 2.7 percent in April

Ferrari’s first electric car could cost over half a million dollars

The electric sports car from Ferrari is on track to launch in the fourth quarter of 2025

World Bank launches $200 million bond to fund Amazon reforestation efforts in Brazil

The principal-protected bond will provide financing for reforestation initiatives selected by the Brazilian startup Mombak

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