The Chinese economy experienced a stronger growth than anticipated in the first three months of 2024, bringing relief to the nation grappling with a real estate crisis, escalating debts of local governments, and sluggish consumer spending. According to the Chinese National Bureau of Statistics, the Chinese economy expanded by 5.3 percent year-on-year in the first quarter, compared to 5.2 percent growth in the fourth quarter of 2023. The…

Apple failed to surpass Samsung as the largest smartphone brand in the first three months of 2024, according to figures from market researcher IDC. After years of a close race, Apple managed to surpass Samsung as the largest smartphone brand last year. The American manufacturer delivered slightly more smartphones than its South Korean competitor in 2023. However, Apple’s performance faltered in the first quarter of 2024. The iPhone’s…

Iran’s Response action on Sunday led to a minor loss on the Tel Aviv Stock Exchange. The Israeli economy has been significantly affected by the turmoil in the Middle East and the ongoing conflict with Hamas. The primary index, TA-35, tracking the 35 largest companies on the Tel Aviv stock market, was slightly lower on Sunday morning compared to the previous day. However, this decline is relatively moderate…

The German Association of the Automotive Industry (VDA) is pushing back against potential European import tariffs on electric cars from China, fearing the repercussions of sparking a trade war with the Asian nation. VDA President Hildegard Müller expressed concerns in an interview with Die Welt, emphasizing that additional tariffs may not resolve issues for the European and German auto industries and could, in fact, exacerbate them. The European…

In a bid to tighten the economic noose around Russia amid the ongoing conflict in Ukraine, the United States and the United Kingdom have introduced stringent measures targeting Russian metal exports. Effective immediately, significant restrictions have been placed on the trading of aluminum, copper, and nickel produced in Russia, impacting the operations of the world’s two largest metal exchanges, the London Metal Exchange (LME), and the Chicago Mercantile…