South Africa, the most industrialized nation in Africa, is expected to surpass Nigeria and Egypt as the continent’s largest economy in 2024, according to the...
Chinese Builder Country Garden Faces First Default as Bond Payment Looms
Country Garden Holdings Co., one of the most indebted property developers in the world, has not made any public statement about its overdue bond interest...
How the pandemic has changed Japan’s consumption patterns
Japan’s economy, which relies heavily on domestic consumption, has been hit hard by the Covid-19 pandemic. The changes in how people live and work have...
The Federal Reserve may have reached the end of its rate hike cycle, according to some experts. This could mean that the high savings rates...
Greece’s credit rating improves as Italy faces downgrade
Greece’s credit rating has been upgraded by one of the major rating agencies, while Italy’s rating has been lowered amid political and economic uncertainty. This...
IEA warns of gridlock risk in global energy transition
The International Energy Agency (IEA) has released a new report that highlights the urgent need to expand and enhance electricity grids globally to meet climate...
China’s Belt and Road Initiative: A Decade of Global Engagement
China is hosting its third Belt and Road Initiative (BRI) Forum in Beijing this week, celebrating 10 years of its signature foreign policy project that...
How inflation affects retail sales in the US
Retail sales in the US increased by 0.7% in September, beating the expectations of economists and showing the resilience of consumers amid rising prices and...
Canada’s inflation rate cools down to 3.8% in September
Canada’s annual inflation rate eased to 3.8% in September, down from 4.0% in August, according to Statistics Canada. The decline was mainly due to lower...
China’s Economy Finds a Foothold in Third Quarter as Consumption Rises
China’s economy showed signs of stabilization in the third quarter of 2023, as the government increased support and consumer spending picked up, while the property...
Frontera supercomputer enables cutting-edge science across disciplines
The Frontera supercomputer, the most powerful academic system in the U.S., has been supporting a wide range of scientific projects that require massive computational resources....
Aurora: The supercomputer that will supercharge materials discovery
Researchers at Argonne National Laboratory are preparing to use one of the world’s first exascale systems, Aurora, to accelerate the design and discovery of new...
Lies of P reaches one million sales milestone in less than a month
Lies of P, the dark and twisted action RPG inspired by the classic tale of Pinocchio, has achieved a remarkable feat of selling over one...
KT Cloud Launches AI SERV, a Cost-Effective and High-Performance Cloud Service for AI Inference
KT Cloud, the cloud subsidiary of KT, announced on Monday the launch of AI SERV, a new cloud service that provides high-performance graphic processing units...
Android 14 update causes serious issues for some Pixel 6 users
Some Pixel 6 users who have updated their devices to the new Android 14 OS are facing major problems, such as losing access to their...
Bandcamp Faces Massive Layoffs After Songtradr Takeover
Bandcamp, the popular music platform that supports independent artists, has been hit by a wave of layoffs after being acquired by Songtradr, a music licensing...