economy

Euro area trade surplus hits $24.6 billion, driven by machinery and vehicles

Intra-euro area trade fell 5.9 percent in the first half of 2024, reaching EUR1,303.8 billion

Switzerland’s industrial production up 7.3 percent on manufacturing and construction

This growth rate represents the largest increase since the first quarter of 2021

Service sector fuels German employment growth, adding 229,000 jobs in Q2 2024

The total number of employed and self-employed individuals rose to 46.1 million

Only 20 percent of Japanese companies use GenAI due to expertise, accuracy concerns: Survey

The primary concern cited by 54.1 percent of respondents was a lack of skilled staff and operational expertise

India successfully launches Earth Observation Satellite-8

The satellite, designed for a one-year mission duration, carries a range of advanced technologies

South Korea’s ICT exports surge 32.8 percent to $19.4 billion on AI and mobile phones

Semiconductor exports skyrocketed by 49.0 percent to $11.23 billion

South Korea’s automotive exports down 9.1 percent, still hit $5.4 billion in July 2024

Hybrid vehicle sales surged by 56.6 percent year-on-year, reaching $980 million

U.S. inflation slows to 2.9 percent, lowest in over 3 years

Fed rate cut likely as inflation continues to decline

Australian wage growth slows to weakest pace in a year as labor market cools

RBA sees easing wage pressures, but inflation battle persists

BoE faces pressure as U.K. inflation nudges higher to 2.2 percent in July on energy cost

The increase, although expected, was slightly smaller than the 2.3 percent rise anticipated by analysts

Japan’s wholesale inflation surges to 11-month high as weak yen bites

The corporate goods price index hit a record high of 123.1, marking the eighth straight month of increases

Meta raises $10.5 billion in debt offering to supercharge AI investments, outpace competition

Analysts projected Meta's 2024 capex at $35-40 billion, but the company raised the minimum to $37 million

U.S. unemployment claims see biggest 11-month drop, easing recession fears with 233,000 filings

Government data last week showed the layoffs rate in June was the lowest in more than two years

Brazil sets out vision to develop creative economy through training, investment and productive inclusion

The guidelines would promote the producer, audiovisual, copyright, and Brazilian handicrafts

China’s foreign trade hits $3.46 trillion in Jan-Jul 2024, defying economic headwinds

The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period

Brazil reports $7.6 billion trade surplus in July 2024, exports hit record $30.9 billion

This was driven by strong performances in agriculture, extractives, and manufacturing

China’s 20 key tasks aim to revive consumer spending across entertainment, tourism and more

The tasks urged increased credit support for critical areas of service consumption to reinvigorate weak domestic demand

Optimism grows for U.K. markets as Bank of England slashes rates, boosts growth outlook

The BoE cut rates by 0.25 percent to 5.0 percent, a decision viewed as a close call

Easing inflation, weaker consumer spending signal two potential Fed rate cuts in 2024: Report

The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023

Bank of Japan surprises with rate hike for second time since 2007, trims bond buying

The central bank raised its short-term policy rate to levels not seen since 2008, defying market expectations