business

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

Spain’s GDP expands 2.5 percent annually in Q1 2024, exceeding initial estimates

GDP grew by 0.8 percent sequentially, a faster pace than the 0.7 percent growth seen in the fourth quarter of 2023

China’s foreign direct investment plunges 28 percent to $57.94 billion in 5-month period

The manufacturing sector attracted 28.4 percent, or 117.1 billion yuan, of the total FDI inflow

Chinese financial sector sees 8.5 percent increase in total assets, reaching $66.93 trillion

The assets of the banking sector reached 429.58 trillion yuan, up 8.1 percent YoY

Swiss National Bank lowers key interest rate to 1.25 percent in second round of rate cuts

The SNB now expects inflation to be 1.3 percent in 2024, 1.1 percent in 2025, and 1 percent in 2026.

People’s Bank of China keeps interest rates unchanged in line with expectations

The one-year LPR was kept at 3.45 percent, while the five-year LPR was maintained at 3.95 percent

U.K. inflation reaches central bank’s 2 percent target: Will policymakers respond with rate cuts?

This marks the lowest annual increase in the consumer price index since mid-2021, in line with analysts' forecasts

Japan’s exports reach $53 billion in May amid weak yen, robust global demand

The country's trade deficit narrowed to $7.7 billion, down nearly 12 percent from a year earlier

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

$1.3 trillion to lift China’s tourism sector as domestic travelers flock back

In 2019, Chinese tourists spent $248 billion abroad, accounting for 14 percent of global tourism spending

South Korea records 8th straight month of YoY export growth, reaching $58.1 billion in May

Imports declined 2 percent year-on-year to $53.1 billion, resulting in a trade surplus of $4.96 billion

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

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

China’s outbound direct investment surges to $47.41 billion in first 4 months of 2024

This represents an 18.7 percent increase compared to the same period last year

Japan posts $3 billion trade deficit in April despite surge in exports

Higher crude oil prices and a sharp drop in the value of the yen boosted the cost of imports, offsetting robust growth in exports

Brazil hikes 2024 GDP projection to 2.5 percent, sees inflation reaching 3.2 percent in 2025

The projected inflation rate for 2024 has been revised upwards to 3.70 percent

U.S. small business sentiment recovers in April after hitting 12-year low in March

Inflation remains the most important concern when operating a small business in the U.S.

$3.7 billion Saudi investments set to boost North East England’s economy, generate 2,000 jobs: U.K. Official

An Education Task Force will be also established to promote cooperation in higher education

Samsung and Google to team up for next level AI

Samsung seeks to integrate Google's second-gen Gemini Nano AI into Galaxy S25 smartphones

Brazil introduces measures to support small businesses, low-income families, and real estate market

The "Acredita" program helps provide microcredit to CadUnico registrants, enabling access to social programs like Bolsa Familia