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World Humanitarian Day Highlights Rising Threats to Aid Workers

The United Nations is observing World Humanitarian Day today, focusing on the alarming increase in attacks on aid workers globally. Last year was the deadliest...

Russia Aims to Capture 10% of China’s Pork Market

Russian pork producers plan to capture 10% of the Chinese pork market in the coming years, leveraging current trade disputes between Beijing and Brussels. China,...

Goldman Sachs Reduces Probability of U.S. Recession

Goldman Sachs has lowered the probability of the U.S. economy slipping into a recession within the next 12 months to 20% from a previous...

Moody’s Upgrades Ireland’s Rating Outlook to Positive

Moody's has upgraded Ireland's rating outlook from stable to positive while reaffirming the country's Aa3 rating. The Aa3 rating indicates that Ireland's obligations are considered...

Mood in German Retail Sector Significantly Deteriorates

German retail sentiment sharply declined in July, with retailers particularly pessimistic about their current situation. The Ifo Institute in Munich reported that the retail sentiment...

Vietnam Seeks Loans and Technology from China for Transport Infrastructure

Vietnam has requested preferential loans and technology from China to develop its transport infrastructure. The request was made by Vietnam's President To Lam during his...

Australia Fears China’s Economic Troubles Could Cost Billions

Australia is concerned that China's economic slowdown and the falling price of iron ore could create a significant budget shortfall. Iron ore prices have dropped...

Spain’s Trade Deficit Narrows in June

Spain's trade deficit in June 2024 dropped to its lowest level in over a year. Imports decreased by 7.3% year-on-year to EUR 33.7 billion. Exports fell...

Global Digital Economy to Reach USD 16.5 Trillion by 2028

Global digital economy projected to reach USD 16.5 trillion by 2028. Expected to represent 17% of global GDP by 2028. Online retail and travel sectors are...

Varta Reaches Agreement with Creditors on Debt Restructuring

Key Points: Varta has agreed to a restructuring plan with creditors, significantly reducing its debt and providing fresh liquidity. MT InvestCo and Porsche will play crucial...

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