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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Bayer to cut more than 200 employees in German crop protection products segment 05/13/2025

U.S. Slashes China ‘De Minimis’ Tariff to 54% as Trade Truce Takes Effect 05/13/2025

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Economics

China notes slowdown in PMI in July

According to data issued on Sunday by China's State Statistics Office, the country's business activity index (PMI) for the industrial sector dropped to 49 points in July. Compared to 50.2 in June, the indicator decreased by 1.2 percentage points. A PMI value above 50 points indicates an increase in...

According To A Poll, UK Firms Forecast Little Growth In The Next Three Months

A monthly survey released on Sunday revealed that British firms do not expect any growth in the next three months as rising living costs constrain consumer demand. The Confederation of British Industry (CBI) said that members had above-average growth in the three months to the end of July,...

As Covid Flares Up, China's Industry Activity Unexpectedly Declines In July

According to a poll released on Sunday, China's manufacturing activity fell sharply in July after rebounding from COVID-19 lockdowns the month before, as new viral outbreaks and a bleak global outlook weighed on demand. The official manufacturing purchasing managers' Index (PMI) fell to...

IMF raises global inflation forecast-2022 to 8.3%

According to the International Monetary Fund, global inflation will be 8.3 percent this year and 5.7 percent next year, respectively. In both instances, the projection was up 0.9% percentage points from the April data. Rising energy and food costs, as well as the ongoing supply and demand...

U.S. GDP declines for the second quarter in a row

According to data from the Bureau of Economic Analysis of the Commerce Department, the U.S. economy shrank by 0.9 percent in the second quarter of 2018. Most analysts forecasted at least some increase, thus the figure was worse than expected. The statistic used by the U.S. illustrates how much the...

Nestle sales grow in the first half of 2022

One of the biggest producers of food and beverages in the world, Nestle SA, said that its sales increased 9.1% year over year to 45.58 billion Swiss francs ($47.4 billion) in the first half of the year. According to the press release, organic sales increase was 8.1 percent. While this was...

U.S. will not extend six-month intervention in oil market

According to White House economic adviser Brian Deese, the U.S. administration would not extend its six-month limit on commodity interventions in the oil market. U.S. authorities declared in late March that they would be releasing one million barrels a day for six months from the strategic reserve...

Singapore June Core Inflation Reaches A 13-Year High, Putting Tightening Worries In The Spotlight

Singapore's core consumer price index climbed at its fastest rate in more than 13 years, according to official statistics released on Monday, putting greater pressure on the central bank to consider tightening monetary policy again later this year if inflationary pressures persist. ...

China Is Planning A Real Estate Fund Worth Up To $44 Billion For The Distressed Industry: Reports

According to a central bank official of China with direct knowledge of the situation, China will form a real estate fund to assist property developers in resolving a crushing debt crisis, with a war chest of up to 300 billion yuan ($44 billion) in an effort to restore confidence in the...

With Another Record Quarter, Big Oil Is Prepared To Unlock The Cash Taps

Top Western energy corporations are likely to payout billions to shareholders when they report their second-straight quarter of record profits, boosted by excellent refining margins and high oil and gas prices. After a two-year depression, firms such as Exxon Mobil and Shell's profits have...