China’s manufacturing sector sank to its lowest point in six months this August, as factory gate prices plummeted and manufacturers struggled to secure new orders, according to an official survey released on Saturday. The continued decline in manufacturing activity is… Read More ›
U.S. consumer spending experienced a robust increase in July, reinforcing the notion that the economy maintained its strength in the early part of the third quarter. This development has led to speculation that the Federal Reserve may reconsider a half-percentage-point… Read More ›
As the Federal Reserve prepares for its upcoming policy meeting in September, new data reveals that inflation is continuing to ease, paving the way for a potential interest rate reduction. The Federal Reserve’s focus is now shifting from battling inflation… Read More ›
Amid India’s rapid economic growth, foreign banks from Japan and the Middle East are showing increased interest in acquiring controlling stakes in two prominent Indian banks—Yes Bank and IDBI Bank. This potential investment surge highlights India’s appeal as a burgeoning… Read More ›
China’s approach to financing in Africa is undergoing a notable transformation, as evidenced by a significant increase in loan approvals to the continent in 2023. After several years of declining financial support, Chinese lenders approved $4.61 billion in loans last… Read More ›
China has escalated its trade tensions with the European Union (EU) by launching an anti-subsidy probe into imported dairy products from the bloc. This move follows closely on the heels of the European Commission’s release of a revised draft decision… Read More ›
South Korean authorities have intensified their efforts to combat the proliferation of sexually explicit deepfake content by calling on major social media platforms like Telegram, X, Meta’s Facebook and Instagram, and Google’s YouTube to collaborate more effectively in removing and… Read More ›
California legislators are poised to make a significant decision on a bill that could reshape the landscape of artificial intelligence (AI) development and deployment in the state. Known as SB 1047, the bill has garnered substantial attention and controversy, particularly… Read More ›
In a significant step towards environmental sustainability, Lego has announced its ambitious plan to phase out fossil fuels in the production of its iconic plastic bricks by 2032. The toymaker is set to replace traditional oil-based plastics with more costly… Read More ›
UBS Global Wealth Management has increased its estimate of a U.S. recession risk to 25% from 20%, citing concerns over weakening labor market indicators, particularly softer job growth and July’s unemployment figures. These developments have heightened fears of an economic… Read More ›
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