business

India to invest $24 billion in job creation over next five years, $131.51 billion on long-term infrastructure projects

"India's economic growth continues to be the shining exception and will remain so in the years ahead," the minister said

China’s fiscal revenue fell 2.8 percent YoY to $1.62 trillion in H1 2024

A breakdown of the data showed that the central government collected around 5 trillion yuan in fiscal revenue

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

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

IMF revises up South Korea’s 2024 growth outlook to 2.5 percent, cites stable global expansion

However, the IMF has slightly lowered its 2025 growth forecast to 2.2 percent

China sees surge in foreign tourism with visa-free policies, diverse payment options

14.64 million foreign nationals entered China through various ports during the first six months of the year

South Korea’s car exports surge to new $37 billion high in 2024, driven by hybrid and electric demand

The number of cars exported totaled 1,467,196 units, up 3.2 percent over the same period

China launches its first e-visa in Shanghai

The e-visa, or electronic visa, is the digital version of the traditional paper visa

France’s economy projected to grow 0.9 percent in 2024, 1.3 percent in 2025: IMF

Real GDP grew by 1.1 percent in 2023, supported by net exports, while consumption remained weak

South Korea’s ICT exports rise for eight consecutive month, reach $21.05 billion in June

ICT exports totaled $108.9 billion, the second-highest figure for the period

Pakistan secures new $7 billion loan program from IMF

This agreement, Pakistan's 24th IMF bailout, now awaits approval from the IMF's executive board

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

U.S. inflation plunges to 3 percent, fueling bets on imminent Fed rate cuts

The BLS data also showed that consumer prices fell by 0.1 percent on a monthly basis

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

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

Japan’s current account surplus expands 41.8 percent to $18 billion in May 2024

Primary income came to a 4.21 trillion yen surplus, the largest since comparable data became available in 1985

Japan faces shortfall of nearly one million foreign workers by 2040 to meet growth goals

5.91 million foreign workers are expected to be employed in Japan by 2040

Germany’s inflation eases to 2.5 percent in June, paving way for ECB rate cut

Inflation in Europe's largest economy had already slackened to 2.3 percent in March, its lowest level since June 2021

South Korea’s industrial output falls 0.7 percent in May, semiconductor gains offset by automobile declines

Retail sales and facility investment also lost ground during the same period

South Korean government allocates $17.9 billion for R&D budget for 2025

The ministry will allocate 3.5 trillion won to AI chips, advanced biotech, and quantum tech

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