economy

Profits of China’s major industrial firms rise 4.3 percent to $288.49 billion in first four months of 2024

Data from the National Bureau of Statistics reported that this growth rate was the same as that registered in the first quarter

EU trade in goods surges to $55.5 billion in Q1 2024

The trade balance has shown a surplus for 3 consecutive quarters, after a period of deficit from Q4 2021 to Q2 2023

Vietnam’s YoY industrial production up 6 percent in Q1 2024

The manufacturing and processing sector grew by 6.3 percent, contributing 5.5 percentage points to the overall increase

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

UAE announces plan to invest $10 billion in Pakistan

In January 2023, the UAE agreed to roll over an existing $2 billion loan and provide an additional $1 billion to Pakistan

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

New Zealand Central Bank keeps cash rate unchanged at 5.5 percent, signals further policy tightening ahead

Consumer price inflation came in higher than expected at 4.0 percent in the first quarter of the year

U.K. headline inflation falls to 2.3 percent in April, but core and services prices remain elevated

Services inflation eased only slightly to 5.9 percent from 6 percent, missing the 5.5 percent forecast

Clean tech manufacturing investments reach $200 billion in 2023, up 70 percent: Report

China accounted for three-quarters of the total investments in this field, according to the report

China’s fiscal revenue down 2.7 percent in first four months of 2024, expenditure up 3.5 percent

For April alone, fiscal revenue fell 3.7 percent against a 2.4 percent decline in March

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. annual inflation slows to 3.4 percent in April, monthly CPI up 0.3 percent

The main drivers of the CPI increase were the rising costs of shelter (up 0.4 percent) and gasoline (up 2.8 percent)

$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

Japan’s current account surplus soars to record high of $162.56 million in fiscal 2023

Goods trade deficit decreased to $22.94 million, down from the previous year's $113.83 million

IMF maintains Nigeria growth forecast at 3.3 percent in 2024, inflation to decline to 24 percent

Potential shocks to agriculture, global food prices and oil production remain a risk to Nigeria's growth

South Korea’s GDP grows 1.3 percent in Q1 2024 driven by export recovery

The country achieved its most rapid economic growth in more than two years

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

Greece’s economy expected to grow by 2.1 percent in 2024, new report reveals

Tourism boosts country’s economy, but lower exports and consumption weigh on growth

Dollar-yen exchange rate hits 34-year peak as investors monitor Japan’s currency support measures

The dollar climbed to 154.85 yen, its highest point since the middle of 1990

China leaves benchmark lending rates unchanged in line with market expectations

The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent