The latest data on wholesale inventories has been released, revealing a decrease of 0.3%. This figure aligns with the forecasted drop, suggesting a bearish outlook for the US Dollar (USD).
Extreme weather events such as heatwaves, flooding and wildfires could wipe as much off euro zone GDP in the next five years as the global financial crisis or the COVID-19 pandemic, a senior European Central Bank official said on Wednesday.
The impact of U.S. tariffs on Japan’s exports and output was limited for now, but many companies worried about the risk of weaking global demand ahead, the central bank said on Thursday.
Most Asian stocks advanced on Thursday with technology shares tracking gains in Nvidia, which recently crossed a $4 trillion valuation, although concerns over U.S. trade tariffs remained in play.
Malaysia could secure a 15% tariff rate under a potential trade deal with the United States, a figure notably lower than the 20% tariff recently agreed upon in Vietnam’s trade pact with the US, said MIDF Amanah Investment Bank.
In the Igarapé Lourdes Indigenous Territory in the Brazilian Amazon, community members gather to listen to José Palahv Gavião. An Indigenous teacher and cooperative leader, he speaks about the past and the future of Amazonian rubber.