Inflation in Germany Accelerates to Three-Month High Due to Energy Prices
Consumer prices rose by 2.8% year-on-year in July, the statistics office reported on Thursday.
EU to allocate €10 billion for the construction of up to seven AI-gigafactories
This step is part of the bloc’s strategy to reduce dependence on foreign technologies and develop its own artificial intelligence infrastructure.
Bank of England Keeps Interest Rate at 3.75%
The promised change in economic policy and government spending is expected to provide clearer signals regarding funding sources.
Federal Reserve leaves rates unchanged for fifth consecutive meeting, assessing inflation risks
The central bank kept the rate in the range of 3.5%–3.75% for the fifth consecutive meeting.
South Korean stocks fell 16% in two days amid investor panic
The South Korean stock market experienced one of its worst crashes in recent years.
More than half of working South Africans turn to gambling to cover debts
Over half of South African workers use gambling to cover debts and expenses, a 2026 study finds.
Japan’s population falls below 120 million for the first time in a decade
The number of Japanese residing in the country as of January 1 fell below 120 million, marking the sharpest annual decline on record.
BMW to cut up to 8,000 jobs by the end of 2027
This was reported by POLITICO according to a company representative of BMW.
Ukraine Attacks Two Major Russian Refineries for the First Time in Nearly Two Weeks
The General Staff of Ukraine in a separate statement reported that the attack on the Ryazan facility resulted in a fire, without providing additional details.
FIFA’s $20 billion company plan with Kushner support sparks UEFA outrage
“This is not FIFA’s property to sell,” UEFA stated.