Headline news
Inflation Indicator Continues to Cool, Signaling Possible Fed Rate Cuts
The Federal Reserve’s most closely watched inflation gauge showed continued signs of cooling in July, laying the groundwork for the first interest rate cuts in more than four years.
China PMI Improves, Early Signs of Recovery in Asian Manufacturing
According to the latest private survey data, manufacturing sectors across Asia, including China, showed initial signs of recovery in August.
Concerns Arise Over Immigration: Australia to Limit New International Student Enrolments for 2025
The Australian government recently announced plans to cap the number of new international student enrolments at 270,000 for 2025 in response to record-high migration levels and the resulting pressure on the housing market.
Italian Coast Guard Ship Capsizes, Leaving 20 Migrants Missing
On September 4, 2024, a shipwreck occurred off the coast of Italy near the island of Lampedusa, resulting in 21 migrants being reported missing and 7 survivors in critical condition.