United States

U.S. Fed could start cutting rates this year but should remain cautious: IMF

IMF urges the U.S. government to reduce its high fiscal deficit and put debt on a downward trajectory

World’s population to reach 10.3 billion by 2080 with uneven demographic shifts across regions: Report

Rapid population doubling projected in 9 developing countries by 2054 due to very high growth rates

Global oil demand growth slows in Q2 as EVs, economic headwinds impact consumption

The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024

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

Fed will take interest rate decisions ‘when and as they need to be made’: Powell

Reducing policy restraint too late or too little could unduly weaken economic activity and employment, Powell stated

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

U.S. renewable energy consumption rises 2 percent to record-high in 2023: EIA

Renewable energy consumption in the U.S. exceeded coal for the first time in about 140 years

Amazon’s market value exceeds $2 trillion as stock surges 3.9 percent on AI optimism

U.S. stock market recorded significant gains this year as enthusiasm around AI surged

South Korea’s overseas assets reach new high of $1.911 trillion

External financial assets reached $1.911 trillion at the end of December last year

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

U.S. producer prices decline 0.2 percent in May

Data reveals 4.8 percent decline in energy index and 0.1 percent decline in food prices

China reclaims top spot with $196.5 billion in international tourism spending in 2023: Report

This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic

Microsoft to invest $3.2 billion in cloud and AI infrastructure expansion in Sweden

The tech giant plans to deploy 20,000 advanced GPUs at its Swedish data centers

Japan spends record $62 billion to prop up yen amid currency volatility

This amount exceeds the nearly 9.2 trillion yen Japan spent on yen-buying, dollar-selling operations in late 2022

U.S. economic growth in Q1 revised down to 1.3 percent, but consumer spending stays strong

Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace

Gold prices decline on stronger dollar ahead of key economic data

First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations

Japan develops world’s first wooden satellite, potential launch in September

"LignoSat" is expected to be launched into space aboard a SpaceX rocket from the United States

U.S. consumer confidence index climbs to 102.0 in May, but inflation concerns linger

Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April

Apple’s iPhone sales jump 52 percent in China during April 2024

Shipments of foreign-branded phones in China increased by 52 percent in April 2024 to 3.495 million units

Gold prices dip as traders reduce rate cut expectations ahead of U.S. inflation data

Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates

Gold prices recover from 2-week low ahead of U.S. inflation data

Gold prices achieved a record high of $2,449.89 but have since lost over $100

Gold prices eye largest weekly drop in 8 months

Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices

Google’s $1.1 billion investment in Finnish data center aims to power AI growth in Europe

Finland's wind power capacity has increased so rapidly in recent years, by 75 percent to 5,677 megawatts in 2022 alone