The yen plunges to 34-year low despite interest rate hike 
What kind of diner are you? 6 types of diners who avoid plant-based meat dishes 
Fallout: an expertly crafted TV adaptation that manages to incorporate some of the best elements of gameplay 
Impact investing in Paris suburban ‘banlieue’ neighbourhoods 
Half our colleagues suffer pain and discomfort from periods. But they’re still a taboo subject at work 
Industry shutdowns are messy and painful: 4 lessons Australia’s coal sector can learn from car-makers about bowing out 
Japan Posts 7.7% Growth in Machinery Orders 
EU enlargement: What does the future hold? 
Why Africa can be the beating heart of South Korea’s technology industry 
How breakdancing became the latest Olympic sport 
Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing 
How cuts to marginal income tax could boost the UK’s stagnant economic growth 
‘They don’t have enough’ – schools in England are running food banks for families 
Pessimist and doubters of global growth will feel sigh of relief today as US economy turned out to be stronger than everyone is expecting.
- Preliminary reading shows that US economy grew 2.1% in the second quarter, beating both analysts' expectation and prior rate of 2%. GDP grew at annual rate of 3.7%.
- Moreover growth was broad based. The increase in real GDP in the second quarter reflected positive contributions from personal consumption expenditures (PCE), exports, state and local government spending, nonresidential fixed investment, residential fixed investment, and private inventory investment.
- Imports however, remains drag on the economy.
US growth will be beneficial for global economy, at a time when Chinese economy is slowing down.
Encouraging is, in spite of low energy price and economic slowdown at the beginning of second quarter, Personal consumption Expenditure prices remains steady.
- Preliminary reading showed, that PCE prices for core remained at same 1.8% level, while growth was 2.2% overall.
Dollar has gained after the release. Dollar index is currently trading at 95.44, up 0.17% for the day.
