A survey by a New York-based institute found 71% of Hong Kong graduates are highly optimistic about their career prospects, significantly above the global average of 59%. Graduates view Hong Kong's finance sector positively and are proactively using AI in job applications.
Fed officials removed their rate cut outlook for this year, indicating a hike is possible. Member Warsh declined to submit his forecast for the "dot plot," criticizing the tool and signaling a review of Fed communication. Projections now show a median fed funds rate of 3.8% by year-end 2026.
BMW shares dropped to a 5-year low after the German automaker lowered its 2026 profit forecast due to declining demand in China and disruptions from the Iran war impacting costs and consumer sentiment. Analysts expressed concern over a lack of clarity on company structures and costs.
BMW AG anticipates a substantial decline in pre-tax profit due to weakening demand in China and the impact of the Middle East crisis. The company has lowered its profitability targets and plans to accelerate cost-cutting measures.
The International Energy Agency (IEA) predicts a 1.1 million bpd drop in global oil demand in 2026 due to the Middle East conflict, revising its May forecast downwards. Demand fell sharply in April-May, with recovery expected in Q4 2024.
Elara Securities reports India's FY27 export outlook is challenging due to moderating global demand and high electronics imports. However, a weaker rupee, strong services exports, and remittances are expected to cushion external pressures, suggesting the worst phase is behind.
A US-Iran peace deal offers India a near-term macroeconomic reprieve by lowering oil prices and stabilizing trade. However, early monsoon weakness and potential El Niño conditions are emerging as the next major challenge for growth and price stability, shifting focus to domestic climate risks.
India gains short-term macroeconomic relief from a US-Iran peace deal easing oil prices and stabilizing trade. However, early monsoon weakness and potential El Niño conditions present the next major test for growth and price stability, shifting focus to domestic climate risks.
Google co-founder Sergey Brin believes AI will supercharge human progress rather than make jobs obsolete. He cited AlphaGo's impact on Go players as an example of AI acting as a training partner that pushes humans to new heights.
A 48-year-old Hongkonger with over 20 years of experience as a light goods van driver is considering a career change to become a private driving instructor due to a gloomy economic outlook and increased competition in the logistics industry. He sees an opportunity with the Transport Department's announcement of 332 new licenses for driving instructors.
Dnv riduce le previsioni sull'idrogeno pulito ma prevede investimenti per 3.000 miliardi di dollari entro il 2060. La tecnologia è matura, ma mancano domanda stabile e politiche di sostegno. La Cina dominerà la produzione di elettrolizzatori.
Bitcoin ETFs have shed $2.1 billion in June, continuing a trend of outflows that has seen net assets decline significantly. Experts cite macroeconomic and geopolitical factors, including inflation and the US-Israel war, as key drivers, with differing views on the market's recovery.
France faces a challenging economic outlook for 2026, with forecasts predicting slower growth and higher inflation. The European Central Bank's recent interest rate hike, driven by energy prices and the war in Iran, is impacting real estate credit, raising concerns for consumers and borrowers.
The Kiel Institute for the World Economy (IfW) maintains its 2026 growth forecast for Germany at 0.8% despite Middle East conflict impacts. However, the 2027 outlook is cut from 1.4% to 1.0%. Rising commodity prices and geopolitical tensions are dampening economic dynamism.
The German economy's recovery hinges on the Gulf conflict's outcome, warns the IWH. Tensions and rising energy prices could lead to stagnation in 2026, while easing could bring 0.9% growth. State spending and exports offer some support.
Microsoft's long-standing issues with apps like Outlook and Weather are highlighted, with XDA reporting poor optimization and high memory usage. Clipchamp's offline limitations and Microsoft 365's pricing model are also criticized.
KKR's mid-year report predicts AI will drive a productivity boom, but warns this growth may concentrate in fewer sectors, potentially leading to extreme economic shifts not seen since the 1870s. Defense and power sectors are identified as long-term winners.
Gold prices show a bearish structure with a downtrend in place, facing resistance at 152,000. Silver trades cautiously with a negative bias, with resistance at 240,000. Experts advise caution and risk management.
The national apartment move-in outlook index for June surged 10.5 points to 84.6, driven by improved financial conditions for prospective buyers due to rising housing prices and a strong stock market. Seoul surpassed the 100-point threshold, indicating positive sentiment.
AI Financial Corp. sees improved outlook after a $1.5B crypto deal with Trump family partners soured, leading to a 92% stock drop. The company faces Nasdaq delisting if stock doesn't stay above $1.
US inflation rose 0.5% in May, reaching 4.2% annually, driven by energy costs linked to the Iran conflict. This complicates Donald Trump's political standing ahead of the November mid-term elections, as he had promised to lower prices and end military entanglements.
Bitcoin rebounds 7.5% from $59,353 to $63,800 amid short liquidations, but experts and market indicators suggest the outlook remains bearish due to macroeconomic pressures and fading institutional demand.
Australia's snow season has officially started with initial snowfalls boosted by snowmaking technology, despite predictions of a potentially slushy season due to climate change and El Niño. Resorts report strong interest and diversified offerings to ensure sustainability amidst cost-of-living concerns and long-term climate threats.
India's economic outlook evolves with new tax relief on government securities to attract foreign investors.
