US productivity surges in Q2
US worker productivity increased in the second quarter, leading to a decline in labour costs.
OPEC+ pauses oil output hike amid price slump
The OPEC+ alliance has decided to temporarily halt its planned increase in oil production for two months. The…
US weekly unemployment claims fall
The number of Americans filing new unemployment claims fell in the week ending August 31, reflecting a continued…
China creates $230b brokerage giant through merger
China is consolidating its brokerage industry by merging two of its largest state-backed firms, Guotai Junan…
German manufacturing orders up 2.9% M-o-M in July
German manufacturing new orders rose by 2.9 per cent in July 2024 compared to the previous month, according to…
IFC allocates $80m for Turkey earthquake recovery
The International Finance Corporation (IFC) has proposed an $80 million financing package for Turkey's Yapi ve…
Khalda Petroleum achieves significant production gains in FY23/24
Khalda Petroleum Company reported on Thursday substantial improvements in production and operational efficiency…
China’s digital transactions reach 7t yuan in June ’24
China's digital yuan transactions totaled 7 trillion yuan ($986.07 billion) by the end of June 2024.
China to cut gasoline, diesel prices on Friday
China will lower gasoline and diesel retail prices on Friday in response to international oil price fluctuations.
ifo Institute expects ‘zero growth’ for Germany in ’24
The Ifo Institute has revised its economic growth forecast for Germany, now projecting zero growth for 2024, down…
