China Aims to Boost Economy by Empowering Low- and Middle-Income Earners

Jul 31, 2024 17:35 pm UTC| Economy

China focuses on empowering low- and middle-income earners to boost economic growth, as the Politburo prioritizes wage increases and consumer spending. These measures are part of efforts to achieve a 5% GDP growth target...

Japan's Rice Inventory Hits Record Low, Prices Expected to Rise Amid High Demand

Jul 31, 2024 17:25 pm UTC| Economy

Japans private sector rice inventory fell to a record low of 1.56 million tons in June, the lowest since 1999. The drop, driven by last years heat and increased tourism, has raised concerns about rising prices amid ongoing...

BOJ Considers Rate Hike to 0.25% Amid Rising Inflation and Wage Growth

Jul 31, 2024 07:17 am UTC| Business Economy

The Bank of Japan is considering a policy interest rate hike to 0.25% at its July 31 meeting. This potential increase aims to combat rising inflation and wages, signaling a move toward normalizing monetary policy. Bank...

German Economy Contracts Unexpectedly in Q2 Amid Eurozone Recovery

Jul 30, 2024 21:05 pm UTC| Economy

According to preliminary data from Destatis, Germanys economy unexpectedly contracted by 0.1% in the second quarter of 2024, surprising analysts who had forecasted growth and highlighting ongoing economic...

IMF Releases $820 Million to Egypt, Calls for Continued Economic Reforms

Jul 30, 2024 20:57 pm UTC| Economy

The IMF has released $820 million to Egypt following its third loan program evaluation, urging the nation to pursue further economic reforms amid ongoing fiscal challenges. IMF Disburses $820 Million to Egypt, Urges...

Temasek to Invest $30 Billion in U.S. Tech and Health Sectors Over 5 Years

Jul 30, 2024 08:40 am UTC| Technology Economy

Temasek, a Singaporean state investor, aims to allocate $30 billion in the U.S. over five years, focusing on technology and health sectors. This move reflects the robust growth of the U.S. economy and its leadership in AI...

Morgan Stanley Predicts Lower Profits to Impact Economy-Linked Stocks Amid Inflation Concerns

Jul 29, 2024 21:13 pm UTC| Business Economy

Morgan Stanleys Michael Wilson forecasts a decline in US corporate earnings, predicting a downturn for stocks tied to the economy. Concerns over falling inflation and its impact on pricing power drive investor...