Tag: Asia Economy
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China exports in June jump at fastest pace since 2021 as AI boom, tariff rush lift trade
China’s trade growth accelerated far more than expected in June, as booming global demand for AI hardware and a rush by exporters to beat anticipated tariff hikes turbocharged shipments.
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U.S. completes strikes against Iran, while Tehran targets Gulf neighbors
The U.S. has completed a third consecutive night of strikes against Iran, as Tehran targets U.S. military facilities in the region.
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Singapore’s economy expands 5.7% in the second quarter, beating expectations
The growth figure was higher than the 5.5% expected, but lower than the revised 6.3% in the first quarter.
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India’s inflation accelerates to 4.38% in June, exceeding forecasts
Inflation has risen for the eighth straight month in India, as food and energy prices rise due to the Iran war and deficient rainfall.
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Majority of U.S. workers support an AI wealth fund as tech layoffs surge, survey finds
A majority of U.S. employees now want an AI sovereign wealth fund to hold corporations more accountable, according to a recent survey, as tech layoffs rise.
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While Musk’s Neuralink drills into skulls, China’s BrainCo bets the future of brain tech is wearable
Interest in brain-computer interfaces is rising as it promises to help people with compromised neural abilities.
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Ukraine escalates attacks on tankers near Crimea as Russian fuel shortages bite
The drone strikes form part of Ukraine’s campaign designed to choke off supplies and transportation routes in and out of Crimea.
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India ramps up missile sales in Indo-Pacific as China’s assertiveness turns neighbors wary
India has signed a third pact for the supply of missiles in the Indo-Pacific region as countries in the region grow wary of China’s growing assertion.
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U.S. to continue ‘technical talks’ with Iran after Trump said ceasefire was ‘over’
The ceasefire signed last month came under serious strain in recent days as the U.S. and Iranian forces exchanged attacks for consecutive days this week.
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Why the world’s best-performing stock market this year fell into bear territory
The Kospi fell more than 5% on Wednesday, which brought it 20% below its June 19 record high, according to LSEG data.
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