investment

$30 million data centre inaugurated in Congo to catalyze digital economy

The 400-rack capacity facility is expected boost DRC's digital landscape

North America’s under-construction data center supply rises 70 percent In H1 2024 as demand continues to grow: Report

North America continued to see an increase in data center pricing during the first half of the year albeit at a slower rate than last year

Pakistan’s IT exports surge 32 percent to $297 million in July on software and telecommunications

Software consultancy services saw a significant surge, increasing by 24.53 percent to reach $77.262 million

U.S. oil and gas M&A activity surges 57 percent to $49.2 billion in 2023

Exploration and development spending last year saw a 28 percent increase to $93.1 billion

South Korea’s mid-sized businesses hit $2.52 billion in Q2 profits on semiconductors and auto parts

The operating profits of automobile and auto parts businesses increased 18.9 percent during the same period

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

Stock markets tumble on U.S. recession fears: Nikkei falls 12.4 percent, European shares near six-month low

Goldman Sachs analysts have increased their 12-month U.S. recession odds by 10 percentage points to 25 percent

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

China boosts global gold demand as purchases surge 46.02 percent in H1 2024

National gold consumption in China declined 5.61 percent annually to 523.75 metric tons

Ola Electric IPO, India’s biggest this year, set to raise $734 million

A term sheet for the IPO, which will run from August 1 to 6, values Ola Electric at $4 billion

Malaysia applies to join BRICS, strengthening bilateral relations with Russia

Malaysia's bid to join BRICS was a key agenda item in India's PM's meeting with the Russian Foreign Minister

GCFC, IRENA collaborate to unlock innovative climate finance for sustainable energy transition

The GCFC is working to create an ecosystem that enables investments into low-carbon, sustainable, and resilient projects

U.S. election to drive gold’s safe-haven demand, impact broader macro variables: Report

Rising geopolitical threats and political uncertainty will likely impact financial markets around U.S. election

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

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

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

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

South Korea reveals 10-year $1.44 billion plan to develop cutting-edge green technologies for ships

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

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