Japan’s economic recovery is facing headwinds as export growth slowed in August, raising concerns about the sustainability of the recent rebound. While exports did rise for the ninth consecutive month, the increase of 5.6% year-on-year …
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French Wine Production Plummets in 2024 Due to Wet Weather and Diseases
France, the world’s largest wine producer, is facing a significant drop in wine production this year. The culprit? A combination of unfavorable weather conditions and widespread diseases that have ravaged vineyards across the country. The …
Continue readingEgypt’s Inflation Expected to Fall for Fifth Month in July
Egypt’s inflation is expected to continue its downward trend for the fifth consecutive month in July, despite recent price increases in food, tobacco, and fuel. Analysts attribute this decline to the International Monetary Fund’s (IMF) …
Continue readingThailand Offers Incentives to Boost EV Production Through Joint Ventures
Thailand, Southeast Asia’s largest auto production hub, is offering incentives to encourage joint ventures (JVs) in the automotive parts sector, specifically targeting electric vehicles (EVs). The Board of Investment (BOI) announced on Thursday that it …
Continue readingChina’s Trade Surplus Shrinks in July as Exports Disappoint
China’s trade surplus shrank more than expected in July, driven by a combination of slower export growth and unexpectedly strong imports. The country’s trade balance showed a surplus of $84.65 billion, falling short of the …
Continue readingHong Kong Retail Sales Sink Again in June, Facing Continued Challenges
Hong Kong’s retail sector continues to struggle, with sales dropping for the fourth consecutive month in June. The latest figures show a 9.7% year-on-year decline, highlighting the ongoing challenges facing the industry. While the rate …
Continue readingUS Manufacturing Gauge Dips to Eight-Month Low, But Signs of Stabilization Emerge
The Institute for Supply Management (ISM) reported that its manufacturing PMI fell to 46.8 in July, marking an eight-month low. This decline was attributed to a slump in new orders. However, despite the downturn, the …
Continue readingBrazil’s Jobless Rate Hits Decade Low, Reaching 6.9% in June Q2 2024
Brazil’s unemployment rate has reached its lowest level in a decade, dropping to 6.9% in the second quarter of June 2024. This marks a significant decline from the 7.9% recorded in the first quarter, driven …
Continue readingUkraine Suspends Foreign Debt Payments, Approaching Sovereign Default
Ukraine has taken a significant step towards a sovereign default by suspending foreign debt payments until October 1st. President Volodymyr Zelenskiy signed a law enabling this move, following a preliminary deal with its main bondholders …
Continue readingSuntory CEO Calls for Gradual Interest Rate Hikes in Japan
Suntory CEO Takeshi Niinami has urged the Bank of Japan (BOJ) to continue its gradual interest rate hikes, aiming for a 1% rate by next year. Niinami, who also heads one of Japan’s largest business …
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