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Elaine KurtenbachThe Diplomat |
The IMF raised its 2026 growth forecast to 3.1%, but warned that the AI boom and soaring energy costs are widening economic divides.
Kristalina Georgieva has a message for the world's economic policymakers: "we cannot keep delaying necessary policy action."
The 10-year Treasury yield is back near a one-year high as investors brace for fresh inflation data and the Fed’s Jackson Hole meeting.
Walmart, Target, Home Depot and Lowe's report earnings this week after the steepest drop in U.S. retail spending in more than a year.
Strong demand for electronics, EVs and machinery helped China's July exports beat forecasts despite slower growth.
Risk on!
Iran attacked two oil refineries in Kuwait and a key natural gas facility in Qatar that can supply one-fifth of the world’s liquified natural gas.
Global markets also took a beating, with Japan’s benchmark Nikkei 225 index plunging more than 5% and markets across Europe losing between 2% and 3%.
“A significantly smaller team, using the tools we’re building, can do more and do it better,” the Block CEO said.
“We believe we need more balance, less hysteria and hype,” said Philip Schellekens, the UNDP's chief economist for the Asia Pacific.
Exports to the United States fell 16%, but that was less than half the 34.5% drop seen in May.
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