July Surge in U.S. Consumer Spending Sparks Debate Over Fed's Interest Rate Cut

Aug 31, 2024 14:51 pm UTC| Economy

U.S. consumer spending rose by 0.5% in July, signaling robust economic momentum despite rising inflation and fueling debate over the Federal Reserves anticipated interest rate cut next month. Julys Consumer Spending...

Australian Retail Sales Stall in July as Tax Cuts Fail to Boost Spending

Aug 30, 2024 16:50 pm UTC| Business Economy

Australian retail sales were flat in July, showing no growth despite recent tax cuts, according to data from the Australian Bureau of Statistics, reinforcing expectations that the Reserve Bank of Australia may cut interest...

Eurozone Inflation Drops to 2.2%, Paving the Way for ECB Rate Cut in September

Aug 30, 2024 16:47 pm UTC| Business Economy

Inflation in the eurozone fell sharply to 2.2% in August, clearing the path for the European Central Bank to consider a rate cut in September, as lower energy costs eased price pressures across the bloc. Eurozone...

Turkey's Foreign Trade Deficit Shrinks 41.8% in July Amid Rising Exports and Falling Imports

Aug 29, 2024 18:55 pm UTC| Business Economy

Turkeys foreign trade deficit narrowed by 41.8% in July, falling to $7.295 billion as exports surged by 13.8% to $22.5 billion and imports decreased by 7.8% to $29.8 billion, according to recent data from the Turkish...

India Prepares to Unlock Private Investment in Nuclear Energy with New Reactor Initiatives

Aug 29, 2024 18:51 pm UTC| Economy Science Technology

India is poised to open its nuclear energy sector to private investment, focusing on small nuclear reactors and Small Modular Reactors (SMRs). This move marks a significant shift from the state-owned monopoly, potentially...

Central Banking Series

Jackson Hole: how a meeting of bankers in a remote Wyoming valley could have consequences for us all

Aug 29, 2024 11:12 am UTC| Insights & Views Central Banks Economy

The economic world recently turned its attention to the resort of Jackson Hole, in a remote Wyoming valley. The annual economic policy symposium of central bankers, policymakers, academics and financial gurus took place in...

How low can we go? To cut the carbon that goes into buildings to net zero, we need radical change

Aug 29, 2024 11:09 am UTC| Insights & Views Economy

Philip Oldfield, Head of School and Professor of Architecture, UNSW Built Environment, UNSW Sydney Buildings are one of our biggest contributors to global heating. They produce 37% of all greenhouse gas emissions from...