France's GDP growth accelerates thanks to the Olympics Economic growth in the second quarter of the year was 0.2 per cent. Insee observes that internal demand is 'showing signs of improvement, driven by a resurgence in household spending'. It increased by 0.5 per cent in the third quarter, with approximately half of this growth attributed to leisure and entertainment services connected to the...

The European Union's statistics office reported preliminary data showing a 0.4 per cent growth in Eurozone GDP in the third quarter of 2024 compared to the previous three months. The eurozone economy saw a growth of 0.9 percent on a yearly basis. According to Trading Economics, experts had anticipated a 0.2% quarterly and 0.8% annual increase in GDP for July-September. The economy of the...

Pyongyang has confirmed the launch of an intercontinental ballistic missile towards the Sea of Japan on Thursday morning. The missile department of North Korea carried out a significant test on Thursday. According to a spokesperson from the DPRK Defense Ministry, the recent test launch, authorized by the leader of the DPRK, enhanced knowledge on their strategic missile capability and showcased...

The EC declared on Tuesday that it will enforce 'definitive countervailing duties' ranging up to 35.3 percent on Chinese imports of battery electric vehicles (BEVs) for duration of five years. The research revealed that unfair subsidies in China's BEV value chain pose a risk of economic harm to BEV manufacturers in the EU. The duties will become effective the day following their publication in...

A public opinion poll by USA Today and Suffolk University shows that both US Vice President Kamala Harris and former President Donald Trump have nearly the same level of support among Americans. 45% of participants showed a preference for Harris, while 44% favored Trump. Nonetheless, in August, those percentages stood at 48% and 43%. Simultaneously, 57% think Harris lacks sufficient elaboration...

According to sources cited by the Associated Press, US officials are investigating how classified US intelligence information about Israel's plans to strike Iran was made public. The documents are said to have originated from the National Geospatial-Intelligence Agency and the National Security Agency. As per the documentation, Israel is currently in the process of readying its military forces...

According to Verisk, insurance companies might have to pay between $30 billion and $50 billion to cover the losses on insured property caused by Hurricane Milton in Florida last week. Compensation for victims affected by the previous hurricane Helen could potentially reach an additional $11 billion. Analysts point out that evaluating the damage from each hurricane may be challenging due to the...

According to the Fiscal Monitor report from the IMF, global government debt may surpass $100 trillion (equivalent to 93% of global GDP) by 2024. There are predictions of further growth in the medium term, potentially reaching 100% of GDP by 2030. In a severe situation, global debt may rise by almost 20 percentage points beyond the projected baseline, reaching 115% of GDP by 2026. It is very...

US President Joe Biden stated that the approximate damage caused by Hurricane Milton and its consequences in Florida is around $50bn. The president mentioned that efforts are being concentrated on reinstating power in Florida and clearing away debris. Biden added that the government will make every effort to assist those in the impacted areas in restoring order and returning to their homes....