Australia's economy has slowed to its most sluggish pace since 2009, when the GFC slammed the brakes on GDP growth, but the weak headline result may not stop the government announcing a budget surplus a year earlier than planned.
China's yuan slumped to a fresh 11-year low against the dollar on Monday and stocks fell as the Sino-US trade war sharply escalated, threatening to inflict more damage on the world's largest economies and weigh further on global growth.
Australia’s central bank held rates at an all-time low of one percent on Tuesday as it weighed the impact of past easing, though markets are wagering the tide of policy stimulus sweeping the world will compel it to cut again before year-end.
Japan’s core inflation slowed to its weakest in about two years in June, underlining policymakers’ long battle to boost consumer prices and adding to speculation the Bank of Japan could deliver more stimulus later this month.
India’s dominant services industry last month grew at its slowest pace since September, hampered by a weaker expansion in domestic demand that dragged the pace of hiring to a six-month low, a private survey showed.
Iran’s currency plunged to another record low on Sunday, dropping past 100,000 rials to the US dollar following US decision to reimpose sanctions against Tehran after unilateral withdrawal from the Iran nuclear deal in May.
Researchers from the FAMU-FSU College of Engineering developed a class of breakthrough motion sensors that could herald a near future of ubiquitous, fully integrated and affordable wearable technology.
Power plants that burn natural gas produce significantly less pollutants and greenhouse gases than coal-burning plants, according to current estimates of how much methane escapes from such power plants, as well as from oil refineries, and estimates could be off by a wide margin, a new Purdue University study found.
German Chancellor Angela Merkel suggested that the euro was too low for Germany but made clear that Berlin had no power to address this ‘problem’ because monetary policy was set by the independent European Central Bank (ECB).