Japan’s wholesale inflation took a breather in April, easing concerns over skyrocketing prices and reducing the urgency for the Bank of Japan to hike interest rates, Reuters reports. This cooling trend could signal a shift in the future path of monetary policy
Ghana is raising the alarm over looming power cuts as energy demands skyrocket, while Italy’s Eni ramps up its drive to increase gas supplies. This bold move aims to secure reliable electricity and fuel economic growth, Reuters reports
Brazil has limited options to dodge the U.S. tariffs imposed during the Trump era, but surprisingly, the nation is handling the challenge far better than expected. Backed by robust trade agreements and a wide variety of exports, Brazil is effectively softening the economic blow, Reuters reports
China’s Chery and BYD could face repayment of subsidies after a government audit revealed funding irregularities. This probe highlights the increasing regulatory scrutiny as authorities ramp up oversight on automakers
The UK economy contracted for the second consecutive month this May, raising fresh concerns about its growth outlook. Experts warn that ongoing challenges could seriously hinder future progress
Brazil’s President Lula has fired back with a bold promise of reciprocal measures following former U.S. President Trump’s tariff announcement, signaling a potential escalation in trade tensions. This latest move underscores the ongoing challenges that continue to define Brazil-U.S. economic relations
Italy has revealed an ambitious plan to exit the EU deficit procedure by 2026-earlier than expected-showcasing impressive progress in slashing its budget deficit and strengthening fiscal stability, Reuters reports
German industrial output surged an impressive 1.2% in May, surpassing analyst predictions, Reuters reports. This unexpected boost showcases the remarkable resilience of Germany’s manufacturing sector despite persistent global economic headwinds
Australia’s central bank caught markets off guard by holding interest rates steady at 3.85%, bucking widespread expectations of a hike. The Reserve Bank highlighted economic uncertainty and easing inflation as the main reasons for pressing pause this time around
The UK government is taking a powerful stand by banning employers from using NDAs to silence workers who report abuse. This bold move aims to promote transparency and empower victims to speak out freely, without the fear of legal consequences, Reuters reports
A U.S. judge has ordered Argentina to surrender its stake in YPF, escalating the fierce battle over a colossal $16.1 billion judgment and turning up the heat in the high-stakes struggle over debt repayment and sovereign assets, Reuters reports
Germany is gearing up to launch an exciting six-month voluntary military service program, officials revealed to Reuters. This bold initiative aims to bolster the armed forces amid rising geopolitical tensions, while inspiring a fresh wave of young recruits to answer the call and serve their country
Illegal loggers are cashing in on Brazil’s carbon credit projects, dealing a severe blow to efforts against deforestation. Reuters reveals how these schemes exploit loopholes, threatening crucial environmental and climate goals
Retailers who embraced Made in the USA products quickly found that higher prices posed a challenge for their customers, Reuters reports. Although the shift aimed to boost local manufacturing, it faced an uphill battle winning over shoppers watching their wallets
China’s rare earth export controls are doing more than just tightening Beijing’s hold on a vital resource-they’re disrupting global supply chains and pushing manufacturing costs higher worldwide. This bold strategy is intensifying trade tensions, Reuters reports
Tesla’s car sales in Germany stumbled again in June, Reuters reveals. This drop highlights the intense competition and mounting challenges Tesla is up against from powerful local EV makers dominating the German market
Former President Donald Trump stressed the urgent need for Ukraine to receive Patriot missile systems to protect itself from Russian aggression, while strongly denouncing President Vladimir Putin’s actions, Reuters reports
UK markets plunged dramatically on Thursday, echoing the intense selloff of 2022, as growing concerns over the finance minister’s policies sent shockwaves through investors. Anxiety soared amid rising fears of economic instability and surging market volatility, Reuters reports
A sudden radar glitch plunged northern Italy’s air traffic control into chaos, forcing a temporary halt to all flights, officials revealed. The malfunction disrupted critical radar systems, sparking delays as technicians scrambled to resolve the issue
A UK man has appeared in court, accused of sending cryptocurrency to Russian separatists, Reuters reports. Authorities say these funds have been used to support pro-Russian militants active in conflict zones. The investigation is ongoing
