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![Japan faces shortfall of nearly one million foreign workers by 2040 to meet growth goals](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Inflation in Europe's largest economy had already slackened to 2.3 percent in March, its lowest level since June 2021
![South Korea reveals 10-year $1.44 billion plan to develop cutting-edge green technologies for ships](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The technologies include features such as full autopilot capabilities and carbon-free engine
![South Korea’s industrial output falls 0.7 percent in May, semiconductor gains offset by automobile declines](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Retail sales and facility investment also lost ground during the same period
![Australian shares plummet 1.4 percent as inflation surges to 4 percent, stoking rate hike fears](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Morgan Stanley analysts expect an August rate hike, which may further weaken domestic trading conditions
![South Korean government allocates $17.9 billion for R&D budget for 2025](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
GDP grew by 0.8 percent sequentially, a faster pace than the 0.7 percent growth seen in the fourth quarter of 2023
![South Korea’s overseas assets reach new high of $1.911 trillion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
External financial assets reached $1.911 trillion at the end of December last year
![China’s foreign direct investment plunges 28 percent to $57.94 billion in 5-month period](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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?](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The country's trade deficit narrowed to $7.7 billion, down nearly 12 percent from a year earlier
![China pledges $20 million to UNCTAD to boost sustainable development efforts](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The contribution is aimed at supporting the implementation of the UN's 2030 Agenda for Sustainable Development
![Brazil to be 8th largest economy as it gears up to host COP30 climate conference in 2025, says President](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The Brazilian leader also noted that country's GDP grew by 2.5 percent in the last 12 months
![South Korea to post trade surplus of $43.4 billion in 2024: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The country's growth rate for 2024 has been revised up to 2.7 percent by research firm
![Global travel and tourism sector to grow by about $15 trillion over next decade: WTTC](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
The President of WTTC praised the UAE for their efforts in utilising travel and tourism to promote sustainable development
![China reclaims top spot with $196.5 billion in international tourism spending in 2023: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic
![$1.3 trillion to lift China’s tourism sector as domestic travelers flock back](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
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](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Imports declined 2 percent year-on-year to $53.1 billion, resulting in a trade surplus of $4.96 billion
![Eurozone inflation hits 2.6 percent in May, services inflation reaches 7-month high of 4.1 percent](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Until this month, Eurozone inflation had been steadily declining towards the ECB's 2 percent target
![Global unemployment to dip to 4.9 percent in 2024, but challenges remain: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The labor market remains an uneven playing field, particularly for women