According to European aerospace company Airbus, there will be a 42,430 aircraft worldwide demand for new passenger and freight aircraft between 2024 and 2043. The company’s Global Market Forecast 2023 reads that the two most populous nations in the world, China and India, will be the main growth drivers. The demand for narrow-body aircraft will be 33,510, while the demand for wide-body...

Global smartphone shipments rose 6% year over year in the second quarter of 2024, marking the greatest growth in three years, reads a preliminary analysis from Counterpoint Research. Nearly every region of the world saw sales rise for the third consecutive quarter, with Europe and Latin America experiencing growth rates above 10%. Samsung continues to lead the worldwide smartphone industry with...

Global oil demand is expected to peak at 102 million barrels per day in 2025, according to British oil and gas major BP. The latest version of the BP Energy Outlook report forecasts that energy produced by wind and solar power facilities would increase dramatically at the same time. The two global energy development scenarios that BP researchers take into consideration are the one that follows...

Analysts surveyed by FactSet believe that US corporations whose shares are used to calculate the S&P 500 stock index saw their profits rise by about 9% in the second quarter, marking the biggest growth since the start of 2022. The S&P 500 has increased by almost 16% since the beginning of 2024 thanks to increases in the stock prices of a select group of major technology companies, such as...

According to the Financial Times' calculations based on recently disclosed annual reports, the "Big seven" Western financial firms cut the number of employees in their investment banking divisions in China last year by 13%, or 1.781 thousand individuals, which is the largest reduction in many years. These include JPMorgan Chase & Co., UBS, HSBC, Credit Suisse, Deutsche Bank, Morgan Stanley,...

Among the firms used to calculate the S&P 500 U.S. stock index, Super Micro Computer's shares emerged as the most rapidly growing in the first half of the year, according to MarketWatch. The company’s stock price increased by 188%, or 2.9 times. According to MarketWatch, this was made possible by the industry's overall upswing in anticipation of a growth in the need for AI technologies as well as...

Major US banks plan to boost their dividend payments to shareholders after passing the stress tests conducted by the Federal Reserve. The Fed came to the conclusion that the banks could survive a significant economic downturn, and as a result, they intend to release excess capital to shareholders. JPMorgan Chase & Co. intends to increase its quarterly dividend to $1.25 per share from $1.15...

According to Reuters, cargo ships in Singapore, the world's largest seaport, must wait days to be loaded and unloaded. This resulted from the Houthis' bombardment of merchant ships in the Red Sea, which hampered the flow of cargo. The Red Sea is constantly under attack, therefore ship operators would rather take longer routes around Africa.  There are fewer actual journeys now that ships...

A report by the United Nations Conference on Trade and Development (UNCTAD) shows that worldwide foreign direct investment (FDI) flows decreased by 2% to $1.33 trillion in 2023 amid general concern about the prospects for global economic development. According to UNCTAD data, the amount of foreign direct investment (FDI) flowing globally in 2023 decreased by 2% to $1.33 trillion. Amidst the...