The U.S. labor market showed signs of a slowdown in July, as the unemployment rate increased to 4.3%, the highest in nearly three years. This rise from 4.1% in June marked the fourth consecutive monthly increase, according to the Labor Department's report on Friday. The increase from a 50-year low...

Preliminary data from Eurostat show that consumer prices in the eurozone rose by 2.6% annually in July. In other words, inflation increased in comparison to June, reaching 2.5%. The anticipated decrease to 2.4% was predicted by analysts' consensus forecast reported by Trading Economics. In...

The Biden administration is set to introduce a new rule expanding U.S. export controls on semiconductor manufacturing equipment to China, aiming to curb the growth of China's advanced chipmaking industry. However, this new measure will exempt key allies, including Japan, the Netherlands, and South...

In a surprising move, the Bank of Japan (BOJ) raised interest rates on Wednesday and outlined a comprehensive plan to reduce its large-scale bond purchasing program. This decision marks a significant shift towards unwinding a decade of substantial monetary stimulus.   The BOJ increased its...

Sales of liquefied natural gas-powered heavy-duty vehicles in China increased from less than 10% to 30% of the market in the last few months of 2023. In a research titled "The threat to diesel from LNG trucking in China," Wood Mackenzie analysts stated that more than 8% of the diesel demand in the...

Companies around the world are revising their full-year sales and profit forecasts downward, impacted by rising interest rates and economic weakness in China. This adjustment has dampened the outlook for earnings growth this quarter.   Several prominent companies, including McDonald’s,...

The largest economy in the euro zone, Germany, continued to suffer as the economy unexpectedly shrank in the second quarter after avoiding a recession at the start of the year and July's inflation increased.   In comparison to the preceding three-month period, Germany's gross domestic...

Futures prices for cocoa dropped to levels not seen in over four months due to anticipation of lower demand and more supply. According to Bloomberg, the price of the most commonly traded cocoa bean futures contract in New York dropped by 4.4% to $6,650 per ton on Monday. Though demand for the raw...

Mainland China's economy received 29.1% less foreign direct investment (FDI) in January–June compared to the same period previous year. The value was 498.91 billion yuan ($68.7 billion), as reported by the Ministry of Commerce of the nation. High-tech manufacturing accounted for about 12.8% of...