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economy
China’s manufacturing posts strongest quarter since 2020
China's manufacturing sector closed out its strongest quarter in nearly six years, with a private business survey released on Wednesday showing factory activity expanded for a seventh consecutive month in June even as the pace of growth eased slightly.
ECB warns Europe’s heatwave is fueling inflation
A record-breaking heatwave gripping Europe is no longer just a public health emergency — it is rapidly being reframed as a structural threat to the continent's already fragile economy, with central bankers, insurers, and economists warning of hundreds of billions…
China’s economy picks up in June on rebounding exports
China's economy showed signs of recovery in June after two months of weakness, with factory activity accelerating and US-bound export orders posting sharp year-on-year gains, according to the China Beige Book's survey of 1,321 businesses conducted from June 1 to…
Study warns European incomes could fall 27% as deadly heatwave shatters records
As Europe endures one of its most severe early-summer heatwaves on record, a new study warns that the economic toll of such events on households is far greater than previously understood — and set to worsen dramatically without aggressive climate…
Venezuela set to reveal $240B debt in largest restructuring
Venezuela is poised to disclose a total debt burden of $240 billion as it prepares for what would become the largest sovereign debt restructuring in history, the Financial Times reported on Wednesday, citing sources familiar with the plans.
BOJ members push for faster rate hikes toward 2% neutral
The Bank of Japan released a summary of opinions from its June 15-16 policy meeting on Wednesday, revealing that several board members are pushing for additional interest rate increases to bring the central bank's policy rate closer to neutral levels.
Iran’s GDP growth falls to 0.2% as war and sanctions take toll
New official figures released by the Statistical Center of Iran on Monday show the country's economy barely grew during the Iranian year 1404 (March 2025 to March 2026), underscoring the toll of war, sanctions, and domestic upheaval on a nation…
Iran’s record internet blackout threatens mass layoffs as economic toll mounts
Iran's economy is reeling from the combined effects of war, a record-long internet blackout, and an intensifying U.S. sanctions campaign, with mass layoffs sweeping across industries from petrochemicals to the tech sector and threatening the livelihoods of millions.