The budget deficit for the US in July reached $291.143 billion, reflecting a 19.4% increase compared to the same month last year, according to the Finance Department of the country. Revenues rose by 2.5%, reaching $338.492 billion. The budget received $27.7 billion from customs duties, nearly four times the amount from last year ($7.1 billion). Expenses rose by 9.7% - reaching $629.635 billion,...

Armin Papperger, head of the arms firm Rheinmetall AG, informed the Financial Times that prices for tanks, armored vehicles, and artillery are expected to drop in the years ahead. This was his remark concerning concerns that increasing European budgets will result in inflation with minimal advantages for taxpayers. Papperger stated that the decrease in expenses will be realized via large-scale...

China is advising local firms against utilizing Nvidia Corp.'s H20 processors, particularly for government applications, according to Bloomberg, which references sources. Nvidia developed a tailored version of its AI chips (H20) for the Chinese market, considering Washington's previous limitations on semiconductor supplies to China. In April, US officials prohibited Nvidia from selling these...

According to preliminary estimates from the World Gold Council (WGC), global central banks raised the amount of gold in their gold and foreign currency reserves by 22 tons in June. WGC analyst Krishan Gopaul observes that purchases have steadily increased for three consecutive months, although the outcome for the first half of the year is below the figure from the same timeframe last year (around...

In France, the Energy Regulatory Commission revealed that state subsidies for renewable energy sources (RES) will increase by 23% in 2026, reaching an all-time high of €9 billion. The notable rise in expenditures stems from the increasing adoption of solar, wind, and biogas energy throughout the nation. Simultaneously, France continues to obtain a considerable portion of its electricity from...

According to research firm Gartner, global expenditure on information technology (IT) will rise by 7.9% in 2025, surpassing $5.4 trillion. Expenditure on data centers will increase significantly this year, by over 42%. Simultaneously, IT services will continue to be the largest sector, with an estimated value of around $1.7 trillion. According to Gartner Vice President John-David Lovelock,...

According to The Financial Times, France aims to have champagne and other wine items removed from the list of goods subjected to the 15% tariffs by the US. The Financial Times reports that the trade deal announced on Sunday between the US and the EU has “created confusion” in Brussels and Paris regarding which goods might be exempt from the new US tariffs. The EU sources from the FT mentioned...

Japan's 10-year government bond yields reached their peak since 2008 following news of a trade agreement with the United States and speculation about the prime minister's resignation. The yield increased by 10 basis points to 1.59% annually during Wednesday's trading. US President Donald Trump announced that Japan will put $550 billion into the American economy as part of a trade agreement with...

Bloomberg reports that investors from mainland China have acquired almost $102 billion in Hong Kong stocks this year. Chinese investors have purchased HK$800 billion ($101.9 billion) in Hong Kong-listed stocks, only $8 billion away from the annual record established in 2024. Hong Kong's Hang Seng Index has risen 24% this year, marking one of the highest increases among the globe's major stock...