The UK economy saw growth of 0.4% in May, according to flash figures released by the Office for National Statistics. This surpasses the 0.2% expansion forecasted by economists in a Reuters poll. The British pound strengthened against the US dollar following the announcement, reaching a four-month high. After a shallow recession in the first quarter
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In the last five years, Chinese exchange-traded funds (ETFs) have experienced a remarkable surge in growth, with inflows reaching new highs year after year. According to Morningstar, the annual inflows to China ETFs have nearly quintupled over the past three years, indicating a significant increase in investor interest and participation in the Chinese market. Morningstar’s
Barcelona, Spain, known for its rich history, stunning architecture, and beautiful beaches, is currently facing a crisis due to mass tourism. The city has been grappling with the negative effects of overtourism for years, and tensions reached a boiling point recently. Protesters, fed up with the influx of tourists, took to the streets of Barceloneta
The Asia-Pacific markets opened with a mixed performance on Monday as investors eagerly awaited key economic data releases from both the U.S. and China later in the week. Overnight election results in France added to the uncertainty, as the left-wing New Popular Front coalition clinched the largest number of seats but fell short of an
Mainland China investors have been closely monitoring the performance of U.S. stocks, while also expressing disappointment in the lackluster performance of stocks in China. Despite clear macroeconomic differences, there were several Chinese stocks in the first half of the year that saw significant gains, including some artificial intelligence companies. One notable example is Foxconn Industrial
As Hurricane Beryl made its way through the Gulf of Mexico and towards the south Texas coast, it left behind a trail of destruction. Starting as a Category 2 hurricane in Tulum, Mexico, the storm toppled trees and caused havoc in the area. Thankfully, there were no reported injuries or deaths in Mexico due to
The recent British election night brought about a significant surprise with the unexpected gains seen by the right-wing Reform UK party. Exit polls are indicating that the party, led by Nigel Farage, is forecasted to secure 13 seats in the U.K.’s parliament, a vast improvement from the zero seats it held in the 2019 general
Bitcoin, the world’s most popular cryptocurrency, witnessed a drastic drop in its price, falling to approximately $57,000 per coin. This decline occurred on Thursday, marking a two-month low following the release of the U.S. Federal Reserve’s meeting minutes from June. The central bank’s indication of no immediate plans to cut interest rates had a direct
Hurricane Beryl has been declared the strongest-ever hurricane in July, breaking the latest in a series of records as it causes widespread destruction in the Caribbean. The tropical cyclone has set numerous records that experts say are tied to climate change, as it developed faster and much earlier in the year than similar phenomena. It
Federal Reserve Chair Jerome Powell recently discussed the progress made on inflation over the past year at a central banking forum in Sintra, Portugal. He acknowledged that progress had been made in bringing inflation back down to the target rate of 2%. However, he mentioned that further evidence was needed to ensure that inflation was