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Economy
Türkiye’s inflation eases to 71.6 percent in June, signaling success of economic reforms and tighter monetary policy
This marks first decrease in months as disinflation process begins
Economy
South Korea’s foreign reserves fall $620 million in June amid currency swap, bond payments
As of the end of June, the country’s foreign reserves stood at $412.21 billion
Economy
Economic growth stable but several risks could destroy ‘sandcastle economy’: Saxo Bank
Saxo Bank expects U.S. and European sovereign bond yields to remain range-bound in Q3 2024
Markets
Oil prices hold near two-month high as inventory draw offsets hurricane worries, dollar weakness
Brent crude futures for September delivery rose 0.2 percent to $86.41 per barrel
Economy
U.S. manufacturing PMI slips below 50 in June as demand remains subdued
This marked the 19th contraction in the manufacturing sector over the last 20 months
Technology
European Union says Apple’s App Store violates digital competition rules
Apple has stated that it will postpone implementing newly announced AI capabilities in Europe
Markets
Oil prices rise as demand optimism builds ahead of U.S. inventory report
Brent crude futures rose 2 percent to $86.41 per barrel
Logistics
flydubai launches direct flights to two destinations in Iran
flydubai operates flights to more than 125 destinations
Economy
Renewable energy constitutes 44.7 percent of EU electricity production in 2023: Report
Electricity and gas bills decreased in the second half of 2023
Markets
Oil prices surge amid weaker dollar, rate cut bets
Brent oil futures for September delivery increased 0.3 percent to $85.29 per barrel
Technology
Apple Intelligence: What is it, and when can you use it
Here’s everything you should know about Apple Intelligence
Logistics
China’s social logistics sector posts $18.62 trillion in first 5 months of 2024
Industrial product logistics increased by 5.7 percent year-on-year
Economy
Saudi Arabia encourages UK investors to enter Kingdom’s sports industry
The sports and entertainment industry in the Kingdom grew at an annual pace of 12 percent between 2018 and 2023
Economy
Britain’s GDP expands by 0.7 percent in Q1 2024, but long-term growth outlook remains fragile ahead of election
The economy had contracted for two consecutive quarters in the second half of 2023, indicating a recent recession
Economy
Chinese automakers set to capture 33 percent global market share by 2030: Report
By 2030, Chinese brands are likely to be dominant force around the world, selling nine million units outside China
Markets
Oil prices surge on fears of disruptions in Russia and Middle East, defying inventory build
Brent oil futures expiring in August rose 0.4 percent to $86.73 a barrel
Banking & Finance
Remittance flows to low-middle-income countries moderated in 2023, reaching $656 billion: World Bank
Remittances to LMICs are expected to grow 2.3 percent in 2024, but unevenly across regions
Banking & Finance
OPEC fund approves $605 million in new development financing for over 14 countries
Fund approves $3 million grant to establish the OPEC Fund Food Security and Climate Adaptation Facility
Markets
Japanese yen tumbles to 160 against dollar, hitting 37-year low
The strong U.S. dollar is driven by expectations the Fed will keep rates high due to a robust economy
Logistics
WTO’s $648 billion funding helps integrate developing economies into global trade
Africa and Asia are the main geographical destinations that receive 70 percent of Aid for Trade funding
Markets
Oil prices fall amid dollar strength; U.S. inventory build spurs demand fears
Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel
Miscellaneous
Top 10 most spoken languages in the world in 2024
Mastering these top languages can open doors to unparalleled personal and professional opportunities
Markets
Oil prices dip amid lingering demand concerns, U.S. inventory build
Brent oil futures expiring in August fell 0.1 percent to $84.90 per barrel
Technology
Apple is planning thinner iPhones, but that might not be enough to satisfy its users
Apple needs to pay attention to other issues as well
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