Egypt’s Inflation Slows to 25.7% in July Amid Lower Food Prices and Wheat Procurement

Aug 09, 2024 21:52 pm UTC| Business Economy

Egypts annual urban consumer price inflation dropped to 25.7% in July, down from 27.5% in June, according to the countrys statistics agency, CAPMAS. The faster-than-expected decline was supported by a 0.3% decrease in food...

The trouble with England – why rioting in the UK has not spread to Scotland and Wales

Aug 09, 2024 18:32 pm UTC| Insights & Views Economy

The violent unrest that has caused so much damage in the UK has not in fact happened across the UK. It has almost been exclusively confined to England. True, violent riots also took place in Belfast, Northern Ireland,...

A carry crash also kicked off the global financial crisis 17 years ago — here’s why it’s unlikely to get as bad this time

Aug 09, 2024 18:25 pm UTC| Economy

Many casual readers of the financial press will have learned a new term in the past few days: the carry trade. This is the culprit for the rollercoaster state of markets, many market commentators and journalists have...

Post-Pandemic Olympics: Unveiling Unprecedented Health Measures and Athlete Welfare Initiatives

Aug 09, 2024 04:41 am UTC| Sports Economy Health

As the world emerges from the shadow of a global pandemic, the upcoming Olympic Games have taken on a new dimension, focusing heavily on health and safety measures that were once peripheral. With the global health...

China's Export Growth Slows, Imports Surge Amid U.S. Chip Restrictions Concerns

Aug 08, 2024 21:36 pm UTC| Economy Business

In July, Chinas exports saw their slowest growth in three months at 7.0%, falling short of expectations, while imports surged by 7.2%, driven by a rush to stock up on chips before anticipated U.S. technology restrictions....

Philippines' GDP Grows 6.3% in Q2, Outpaces Forecast Despite Inflation Challenges

Aug 08, 2024 21:32 pm UTC| Economy Business

The Philippines GDP surged 6.3% in Q2, driven by increased government spending, surpassing economists forecasts. Despite this, inflation and sluggish household expenditure present ongoing challenges. The governments...

Digital Currency Revolution

Japan stock meltdown: why it rattled the crypto market

Aug 08, 2024 14:32 pm UTC| Insights & Views Economy Digital Currency

Japans stock market plunged 12% on Monday, August 5 its worst day in 37 years. The severity of the fall triggered losses in stock markets around the world. In the US, for example, the Nasdaq index dropped more than 6%,...