China’s gaming industry has taken a monumental step forward with the release of Black Myth: Wukong, a game that has shattered world records and showcased the nation’s potential in the global gaming market. The action-packed title, set in mythological China, made headlines by selling over 10 million units just three days after its launch on
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New Zealand house prices are expected to see a turnaround in the upcoming year, with a projected 6% increase as a result of interest rate cuts implemented by the Reserve Bank of New Zealand, as indicated by a recent Reuters survey of property strategists. Despite facing significant interest rate hikes, the real estate market in
US inflation, as measured by the PCE Price Index, has remained steady at 2.5% year-over-year in July. The stability in inflation comes at a time when the USD is gaining strength due to the overall performance of the economy. However, despite the positive economic indicators, inflation remains a key consideration for the upcoming decisions in
Recent data from the Ministry of Finance in Japan has indicated a promising increase of 7.4% in corporate spending on plant and equipment in the second quarter. This rise in expenditure has sparked optimism for a potential domestic-led recovery in economic growth within the country. The upcoming revised gross domestic product (GDP) figures, scheduled for
China holds a significant role in the Australian export market, accounting for one-third of all Australian exports. This strong trade relationship has a direct impact on Australia’s GDP, with over 50% of the country’s economy linked to international trade. As a result, any fluctuations in Chinese imports can have a major effect on the Australian
In August, services inflation in the Euro Zone stood out with an annual rate of 4.2%, up from July’s 4.0%. This unexpected increase has raised questions among economists, with some attributing it to a possible “Olympic effect” in France. The Paris Games may have temporarily inflated services costs, adding a unique element to the economic
Gold has been facing a glass ceiling at $2525 an ounce on the spot market, struggling to break through for the past two weeks. However, a series of smaller pullbacks and more frequent rallies towards the resistance point to impressive buying pressure in the market. Over the past two weeks, a triangle has formed on
The decision by local power regulator Aneel to impose an additional charge on electricity bills in September has raised concerns among Brazilians. The drop in reservoir levels at hydroelectric plants during the dry season has prompted this increase in costs, impacting consumers across the country. Despite the growth of wind and solar power in Brazil,
Chinese President Xi Jinping expressed his desire for improved relations with the United States during a meeting with U.S. national security advisor Jake Sullivan. President Xi emphasized the importance of finding “a right way” for the two countries to get along, despite escalating tensions in recent years. Despite the challenges in the China-U.S. relationship, President
The gold market has recently experienced a drop below $2,500 following the release of the US PCE report, which has increased the likelihood of a rate cut by the Federal Reserve in September. Traders are currently expecting a 25 basis point cut rather than a more aggressive 50 basis point reduction. This cautious policy easing
China’s manufacturing sector experienced a slowdown in August, reaching a six-month low as indicated by the official factory survey. The purchasing managers’ index (PMI) fell to 49.1 from 49.4 in July, below the critical 50-mark that separates growth from contraction. This decline was unexpected, missing the median forecast of 49.5 in a Reuters poll. This
The recent U.S. economic data has had a significant impact on Wall Street stocks, leading to a rise in stock prices and the Dow scoring a second consecutive all-time closing high. This positive trend was fueled by findings that U.S. consumer spending increased solidly in July, indicating a strong economy with moderate price rises. As