The Bangladeshi government has imposed a nationwide curfew and shut down the internet in response to violent protests against a court-ordered reinstatement of job quotas for families of independence fighters. The protests, fueled by high …
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Biden’s Student Loan Relief Plan Blocked Again by Appeals Court
A federal appeals court on Thursday blocked President Joe Biden’s administration from implementing its student debt relief plan, the SAVE Plan, dealing another blow to the administration’s efforts to ease the burden of student loans …
Continue readingBrazil Freezes $2.7 Billion from 2024 Budget Amid Market Turmoil
Brazil’s Finance Minister Fernando Haddad announced a significant move on Thursday, freezing $2.7 billion (15 billion reais) from the 2024 budget. This decision comes amidst growing market concerns regarding the country’s ability to manage its …
Continue readingEU New Car Sales Soar in June, But Electric Vehicle Growth Stalls
New car sales in the European Union rose by 4.3% in June, reaching their highest level since July 2019. This increase was driven by strong performances in major markets like Italy, Germany, and Spain. However, …
Continue readingAustralia Jobs Report: Strong Growth But Unemployment Rises
Australia’s job market showed mixed signals in June, with robust employment growth but a slight increase in unemployment, leaving the Reserve Bank of Australia (RBA) with a difficult decision on interest rates. Net employment jumped …
Continue readingJapan’s Trade Growth Stalls in June as Global Demand Weakens
Japan’s exports and imports grew at a slower pace than expected in June, signaling a slowdown in economic activity both domestically and in key export markets. Exports rose by 5.4% year-on-year, falling short of expectations …
Continue readingSingapore’s June Exports Plunge Deeper Than Expected, But Recovery Signs Emerge
Singapore’s non-oil domestic exports declined by 8.7% year-on-year in June, a sharper drop than the 1.2% contraction predicted by economists. The decline was primarily driven by weakness in non-electronic products, particularly volatile items like non-monetary …
Continue readingUS Retail Sales Steady in June, Signalling Consumer Resilience
The US economy received a boost in June as retail sales remained unchanged, indicating continued consumer spending despite ongoing economic uncertainties. This resilience was particularly encouraging given the decline in auto dealership sales, which was …
Continue readingThailand’s Stimulus Budget Passes First Parliamentary Vote Amids
Thailand’s government has secured initial approval for an additional 122 billion baht ($3.4 billion) budget to fund its “digital wallet” stimulus program. This program aims to jumpstart the country’s struggling economy, which grew only 1.9% …
Continue readingDow Hits Record High as Rate Cut Bets Fuel Wall Street Surge
Wall Street stocks soared on Tuesday, with the Dow Jones Industrial Average reaching a record closing high, as investors grew optimistic about the Federal Reserve’s potential to begin easing interest rates. Strong retail sales data …
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