Worldwide

China’s service trade soars to $415.6 billion in first five months of 2024, posting 16 percent growth

Exports amounted to approximately 1.22 trillion yuan, up 11 percent, while imports stood at 1.8 trillion yuan

Bitcoin hits four-month low, declines 8.06 percent to $54,215.42

Bitcoin has lost more than 21 percent since its record high of $73,803.25 in mid-March

Oil prices hold steady, on track for fourth straight week of gains as strong summer demand and supply concerns buoy market

Brent crude futures, which have risen 7 percent over the past four weeks, dipped slightly by 2 cents to $87.41 per barrel

Eurozone composite PMI drops to 50.9 in June as business growth slows sharply

A strong expansion in the dominant services industry failed to offset a further deterioration in manufacturing

Emissions spike 50 percent at Google as AI energy demands undermine sustainability targets

Data showed that Google's emissions increased 13 percent year over year in 2023

Oil prices slide as weak U.S. economic data raises demand concerns

Brent crude futures were down 48 cents, or 0.55 percent, at $86.86 a barrel

Emerging economies set to dominate future agricultural growth over next decade: Report

India and Southeast Asian countries are projected to account for 31 percent of global consumption growth by 2033.

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

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

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

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

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

Oil prices rise as demand optimism builds ahead of U.S. inventory report

Brent crude futures rose 2 percent to $86.41 per barrel

flydubai launches direct flights to two destinations in Iran

flydubai operates flights to more than 125 destinations

Renewable energy constitutes 44.7 percent of EU electricity production in 2023: Report

Electricity and gas bills decreased in the second half of 2023

Oil prices surge amid weaker dollar, rate cut bets

Brent oil futures for September delivery increased 0.3 percent to $85.29 per barrel

Apple Intelligence: What is it, and when can you use it

Here’s everything you should know about Apple Intelligence

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

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

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

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

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