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business
Economy
Eurozone inflation drops to 2.8 percent in June as energy, services pressures ease
Fresh Eurostat data suggests price pressures in the euro area are becoming less intenseÂ
Economy
U.S. inflation breaks 4 percent level for first time since 2023 as oil shock pushes prices higher
Rising energy prices linked to Middle East tensions push inflation above Fed target levels
Banking & Finance
EU approves tariff cuts on U.S. goods under Trump trade deal agreement
The move fulfills the EU’s obligations under a trade deal and helps avoid renewed tariff tensionsÂ
Economy
ECB keeps cautious stance as Lagarde signals limited room for more rate hikes
Policymakers remain focused on inflation while supporting economic growthÂ
Banking & Finance
Europe’s climate damage costs hit $941.7 billion as fiscal risks grow
A new report highlights the rising economic burden of extreme weather across the EUÂ
Asia
China targets U.S. rare earth companies with new export restrictions
The move follows Washington's latest sanctions on several Chinese companies
Economy
U.K. interest rates stay at 3.75 percent as Bank of England warns over energy price uncertainty
The central bank warned that geopolitical tensions are clouding the inflation outlookÂ
Economy
Eurozone’s inflation rises to 3.2 percent in May as services keep price pressures elevated
Eurostat data showed inflation accelerated across both the euro area and the European Union
France to invest $760 million in AI expansion, sovereign government tools under France 2030 plan
New initiatives include a secure AI assistant for public servants and national data platforms
Economy
U.K. GDP shrinks 0.1 percent in April as services drive decline, inflation eases to 2.8 percent
Mixed signals from inflation and GDP leave policymakers balancing stability and weak momentumÂ
Economy
Putin affirms BRICS drives growth as bloc generates 49 percent of global GDP expansion, $1 trillion in trade
The member states' share of global trade has more than doubled since inception
Asia
Japan’s foreign reserves drop by record $77.11 billion in May, lowest since July 2025
Sharp decrease is largely attributed to aggressive efforts by Tokyo authorities to stabilize the yen
Economy
Eurozone’s May Composite PMI falls to 48.5 as shrinking demand, inflation signal 0.2 percent Q2 GDP contraction
Private sector activity contracts at fastest pace in 18 months
Banking & Finance
World Bank and Japan launch $20 million initiative, finalize new framework to secure supply chains, critical minerals
New platforms extend existing partnerships of Japan with the World Bank Group on critical minerals
Banking & Finance
U.S. Treasury yields return to 5 percent for the first time since 2007
Investors sell off government debt as Middle East conflict fuels inflation concerns
Economy
ECB Lagarde rejects eurozone stagflation fears despite rising growth, inflation risks
Baseline forecasts 0.9 percent 2026 expansion rates steady amid oil shock divergence
Banking & Finance
U.S. national debt surpasses 100 percent of GDP, hits 100.2 percent in March as it echos WWII highs
Public debt $31.27 trillion exceeds annual GDP record borrowing inaction
Economy
EU-Mercosur trade deal takes effect, cuts tariffs and opens 700 million-consumer market for EU exports
The deal unlocks major trade gains
Economy
U.S. Q1 2026 GDP grows 2 percent, beats forecasts amid inflation and global headwinds
GDP accelerates amid energy shock
Economy
Eurozone inflation hits 3 percent in April on energy surge amid Q1 GDP growth of 0.1 percentÂ
Energy prices spiked 10.9 percent amid SoH blockade fueling stagflation fearsÂ
Banking & Finance
Canada to launch first sovereign wealth fund with $18.32 billion seed capital
Canada Strong Fund will invest in major national projects with private sector partners
Asia
Bank of Japan holds interest rate at 0.75 percent, raises inflation forecast by 0.9 percent
Central bank keeps policy steady in 6–3 vote as market expected
Economy
Euro area economy contracts first time in 16 months as April PMI falls to 48.6 on services slump, energy cost pressures
Business activity weakens
Energy
EU fossil fuel imports surge $25.9 billion as crisis delivers major macroeconomic hit after 44 days
Von Der Leyen proposes fast EU energy support for vulnerable groups
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