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Value of Norway’s Sovereign Wealth Fund Rises in H1 2024

Oslo, August 14, 2024 – The value of Norway's sovereign wealth fund, the largest in the world, increased by 1.475 trillion Norwegian kroner (approximately...

UK Inflation Rises to 2.2% in July, Surpassing Central Bank’s Target

London, August 14, 2024 – The UK's year-on-year inflation rate increased to 2.2% in July, surpassing the Bank of England’s (BoE) 2% target for...

Allianz UK Sells Musical Insurance Portfolio to Howden

London, August 14, 2024 – Allianz UK has completed the sale of its musical insurance book to Howden, marking a significant transaction in the...

Brown & Brown Expands UK Presence with Acquisition of CI Group

London, August 13, 2024 – U.S.-based insurance brokerage Brown & Brown has completed the acquisition of CI Group, a prominent UK trade credit specialist,...

Fitch Downgrades Israel’s Credit Rating to A Amid Gaza War

Tel Aviv, August 13 – Rating agency Fitch downgraded Israel's credit rating from A+ to A on Tuesday, citing worsening geopolitical risks due to...

Boeing’s Orders Surge in July Thanks to Farnborough Airshow

Chicago, August 14 – Aircraft orders for U.S. manufacturer Boeing surged in July, following a sluggish first half of the year due to quality...

Japanese Stock Market Rebounds Strongly at the Start of the Week

Tokyo, August 13 – The key index of the Tokyo Stock Exchange, Nikkei 225, surged nearly 3.5% at the close of trading on Tuesday,...

Global Electric Vehicle Sales Rise by 21% in July

London, August 13 – Global sales of fully electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs) increased by 21% year-on-year in July, driven by...

Unemployment in South Africa Surges Above 33%, Highest in Two Years

Pretoria, August 13 – Unemployment in South Africa rose above 33% in the second quarter, marking the highest level in the past two years....

Growth in U.S. Producer Prices Slows in July

Washington, August 13 – The growth in U.S. producer prices slowed in July 2024, indicating further cooling of inflationary pressures. This development brings the...

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