BIS warns of challenging economic environment but sees need for interest rate hikes only in extreme cases
The Bank for International Settlements (BIS) published its annual report today, warning of a still “challenging” global economic environment. Nevertheless, the institution believes that the global economy will achieve a soft landing and predicts a continued decline in inflation, with indices returning to the targets set by central banks. The BIS report suggests that, although […]
France is holding one of its most important elections in decades – see what’s at stake
French voters will head to the polls this Sunday after Emmanuel Macron called for early parliamentary elections. This election is considered one of the most important in recent decades, with significant consequences for both France and Europe. Over the next two weeks, France could experience a government aligned with either the far left or far […]
The man who ranks among the richest in the world wants to reform India’s largest slum
Gautam Adani, whose wealth has surpassed that of Jeff Bezos, plans to redevelop Dharavi, India’s largest slum. However, residents are protesting the project out of fear for their jobs. When Masoom Ali Shaikh arrived in Mumbai in 1974, the area where he opened his business was just barren land. Today, Dharavi is one of Asia’s […]
Demand for part-time employees in the USA is increasing
The demand for part-time jobs in the United States saw a significant increase of 8.9% in May 2024 compared to January 2022. This rise sharply contrasts with the more moderate growth of 1.5% observed in full-time employment during the same period, according to current data from the Labor Department. The employment landscape indicates a growing […]
Industrial activity and the service sector in China slowed down in June, according to the latest data
The Purchasing Managers’ Index (PMI) from the National Bureau of Statistics stood at 49.5 in June, remaining unchanged from the previous month. This index, a key measure of economic activity, continues to be below the 50 mark, which serves as a dividing line between growth and contraction in the economy. The result aligns with the […]
Gold closed higher due to the weakening of Treasury yields and the dollar abroad
The precious metal for August delivery closed up 1.01%, priced at $2,336.60 per troy ounce on the Comex, the metals division of the New York Mercantile Exchange (Nymex). This movement was triggered by the weakening of Treasury yields and the dollar abroad following a series of mixed economic data from the United States. U.S. economic […]
The US justice system reopens the case against Meta over alleged favoritism towards foreign workers
A US appeals court reopened a class-action lawsuit on Thursday (27th) from a software engineer who claims that Meta Platforms Inc., the company behind Facebook, Instagram, and WhatsApp, did not hire him because it preferred to allocate positions to foreign workers willing to accept lower wages. The case raises sensitive questions about workplace discrimination and […]
European stock markets closed in the red, reflecting a cautious sentiment amid political uncertainty in the region
A major concern is the uncertainty surrounding fiscal consolidation, which continues to raise significant worries among investors. Additionally, the stance of the European Central Bank (ECB) remains in focus, as its officials adopt a cautious approach toward potential further interest rate cuts. This caution was underscored by recent comments from leaders emphasizing the need for […]
Kapsel, which returned from the dark side of the Moon, is opened and scientists reveal discoveries
The capsule containing samples from the dark side of the Moon, collected by the Chinese mission Chang’e-6, was opened on Friday (28th) at a special ceremony at the Chinese Academy of Sciences. This event marks a historic moment in space exploration, as it is the first time that scientists have the opportunity to study samples […]
NASA cancels development of new space suits for spacewalks
In an announcement released on Wednesday, June 26, NASA stated that it has abandoned its plans to develop next-generation space suits. This decision ends the agreement with Collins Aerospace, which aimed to deliver the new suits by 2026. The contracts involved, which have now been terminated, were valued at over $100 million. NASA justified its […]