Kweichow Moutai reported its first half-year profit decline since 2014, signaling a shift in China's economic landscape. Analysts attribute the slump to a move away from real estate-heavy growth toward high-tech sectors where baijiu consumption is less common.
Campaigning has officially commenced in Nigeria for the January 16 presidential election. Incumbent President Bola Tinubu seeks a second term against rivals Atiku Abubakar and Peter Obi, while voters grapple with severe inflation and widespread insecurity.
Russians withdrew approximately €24.4 billion from banks in the first seven months of 2026, driven by fears of state asset seizures and economic instability caused by the ongoing war in Ukraine and infrastructure attacks.
China's industrial output and retail sales growth slowed in July, missing analyst expectations. The National Bureau of Statistics cited extreme weather as a factor, while Premier Li Qiang acknowledged weak domestic demand, prompting calls for further government intervention.
Zambia's President Hakainde Hichilema won re-election with about 60% of the vote, defeating 13 challengers led by Brian Mundubile in an election overshadowed by fraud allegations and tensions.
The UAE economy faces significant pressure following regional strikes and the Iran war, leading to plummeting hotel occupancy in Dubai, job cuts, and falling real estate prices. While tourism and retail struggle, insulated sectors like finance provide a cushion, sparking debate among analysts over whether the economy faces deep distress or temporary disruption.
Chinese President Xi Jinping and other top officials paid their final respects at the funeral of former premier Zhu at Beijing’s Babaoshan Revolutionary Cemetery.
A university plans to integrate artificial intelligence into 40 percent of its courses by 2030, beginning with a pilot phase in selected subjects where AI adds educational value.
Tatarstan's Head Rustam Minnikhanov aims to make the republic a key hub of Russia's unmanned economy, seeking cooperation with China through joint projects and a unified competence center.
Hong Kong's sports industry and related sectors contributed HK$46 billion (1.5% of total) in value added at basic prices to the economy in 2024, amidst a record Olympic performance in Paris.
China's economy lost momentum in July as retail sales grew just 0.6%, urban investment contracted 6.7%, and unemployment ticked up to 5.2%, increasing pressure on Beijing for further economic support.
Ukrainian drone strikes targeting warehouses of Russian e-commerce giant Wildberries have caused massive economic damage, halting operations at several logistics hubs and threatening significant losses for state-backed creditors.
The UK maintained its position as the fastest-growing G7 economy in the first half of 2026, defying IMF warnings regarding the impact of the Iran war. Strong consumer spending, aided by warm weather and the World Cup, alongside business IT investment, drove growth, though rising energy bills and inflation threaten future resilience.
Iran's economy shows signs of recovery from recent war impacts as economic activity gradually resumes, driven by private sector efforts and government engagement, according to the Iran Chamber of Commerce.
Japan's economy grew at an annualized 1.1% in the second quarter, missing expectations of 2% as soft domestic demand and higher energy prices from the Iran war weighed on growth, despite strong exports.
The UK economy expanded by 0.4% between April and June, driven by good weather and sporting events, but economists warn the outlook for the rest of the year remains weak amid potential energy price volatility.
Former Chinese Premier Zhu Rongji, key architect of China's market economy transition, dies at 97; cremation set for Tuesday in Beijing with national mourning.
The Fabian Society and Joseph Rowntree Foundation urge Andy Burnham and the government to prosecute companies using bogus self-employment practices, protecting up to 4 million gig economy workers denied statutory rights.
Iranians face extreme economic hardship, soaring inflation, and low wages amid a US naval blockade, ongoing conflict, and systemic economic woes.
US inflation eased to 3.4% in July, while retail sales dropped 0.6% and existing home sales declined due to high mortgage rates and record prices, according to recent economic data.
Thailand faces severe labor shortages and struggles to replace departed workers, particularly from Myanmar and Cambodia, due to regional conflicts, exit controls, and rising costs.
Malaysian PM Anwar Ibrahim admits shortcomings in his administration, citing higher living costs despite 6% economic growth, and signals no rush for snap elections after recent state poll losses.
Liberal democracies face a challenge from 'good life states' that promote specific visions of human flourishing, threatening liberal values of pluralism and individual choice. The author argues liberals must craft an attractive moral vision without sacrificing freedom.
German farmers warn that ongoing drought could devastate this year's harvest, while a high-rise fire in Berlin injures five and a wildfire forces evacuations near borders. Meanwhile, business registrations rise and lawmakers push an organ donor reform.
