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Worldwide
Technology
Space economy set to triple to $1.8 trillion by 2035, WEF’s new report reveals
Private sector investment in space reached an all-time high of $70 billion in 2021 and 2022
Markets
Cryptocurrency market set to surpass $5 trillion in 2024: Ripple CEO
Bitcoin has surged 140 percent in the last 12 months
Economy
Fixed-rate mortgages, high interest rates put economy at risk, IMF warns Bank of England
UK leaves borrowing costs unchanged at 5.25 percent despite fall in annual inflation
Banking & Finance
China to establish $70 billion re-lending program to support science and technology sectors
21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program
Markets
Oil prices decline as Middle East tensions ease: Brent crude falls below $90
Investors await consumer price index data from U.S. and China later this week
Economy
India’s central bank holds interest rates steady as inflation persists
Central bank emphasizes inflation targets as economy aims for stability
Miscellaneous
X grants free blue verification checks to accounts with big followings
Musk said all X accounts with more than 2,500 verified subscriber followers would receive Premium features
Miscellaneous
Global food price index bounces back after hitting three-year low
This increase was primarily driven by higher prices for vegetable oils, meat, and dairy products
Economy
Bank of Japan may hike interest rates as yen hits two-week high
Japanese firms raise wages by 5.24 percent, the highest increase in 33 years
Technology
Crypto firm Ripple to launch U.S. dollar stablecoin, targeting $150 billion market
This move puts Ripple in competition with Tether and Circle in stablecoin market
Economy
Kristalina Georgieva positioned as only candidate for second term as managing director of IMF
Georgieva's current term is set to expire in September 2024
Hospitality & Tourism
Travel and tourism industry set to surpass $11.1 trillion in global economic contribution in 2024: Report
The sector will surpass its previous record by an additional $770 billion, the report says
Markets
Oil prices surge above $90, reaching highest level since October
The rise in prices is fueled by geopolitical tension and supply concerns
Technology
Will Google introduce a paid subscription option for its AI-powered search engine?
Introduction of charges would mark the first time users pay for enhancements to Google’s core search product
Energy
Oil prices likely to touch $95 during summer months: Report
Escalating geopolitical tensions and ongoing supply restrictions propel oil prices
Economy
Eurozone business activity shows signs of recovery, with services sector leading the way
The manufacturing sector struggles, faces deeper downturn
Logistics
China aims for a trillion-yuan aviation industry with focus on the low-altitude economy
China is set to redefine general aviation industry by 2030
Banking & Finance
Digital wallets empower financial inclusion and cross-border payments: Visa report
The global volume of digital wallets is forecasted to reach $12 trillion annually by 2028
Markets
Oil prices hit highest level in five months, approach $90 as OPEC output remains steady
Mixed U.S. inventories impact crude oil gains, production offset by fuel demand
Economy
Eurozone inflation drops to four-month low of 2.4 percent in March 2024
The market anticipates four ECB rate cuts, first in June
Economy
Türkiye’s inflation climbs to 68.5% as rate hikes fail to stem price rise
Education again saw the highest cost inflation at 104 percent year-on-year
Markets
Oil prices stabilize amid concerns over supply disruptions
Concerns arose from attacks on Russian refineries and potential conflict escalation in the Middle East
Industry
Manufacturing sector in China sees growth in March, ending 6-month contraction
PMI data shows growth in export orders, slow employment decline
Energy
Oil prices surge on positive economic outlook, geopolitical concerns
China and U.S. demand boost prices amid Middle East conflict
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