Browsing: Business

China threatens Japan with severe economic consequences if Tokyo imposes new restrictions on chipmaking equipment, escalating tensions amid US-led efforts to curb China’s tech advancements.

The S&P 500 posted a 2.3% gain in August, reversing early losses, driven by strong performances in sectors like consumer staples, real estate, and healthcare.

China’s economy is under severe strain as manufacturing and property sectors struggle, raising doubts about the government’s growth target for 2024.

Oil prices dropped as insider reports revealed OPEC+ might increase production in October, countering Libya’s significant output losses.

Inflation in the euro zone dropped to 2.2% in August, heightening the likelihood of a September ECB rate cut as economic pressures ease.

Dutch inflation eased slightly to 3.6% in August, marking the first decline in four months, driven by a fall in energy costs, while food prices saw a slight increase.

Global air cargo demand rose 13.6% in July 2024, marking the eighth consecutive month of double-digit growth, according to IATA. Capacity also increased by 8.3%.

Berkshire Hathaway, led by Warren Buffett, has become the first U.S. company outside the tech sector to hit a $1 trillion market cap, marking a historic achievement.

Nvidia’s earnings, a significant indicator for AI investments, are set to reveal, potentially driving major shifts in tech stock dynamics and market stability.

Lego’s revenue climbs to $4.65 billion in 2024, led by diverse product lines and strategic partnerships.