Summary: China's deflation could lead to cheaper import s globally, potentially benefiting the UK's consumer market. UK inflation may receive some relief from cheaper Chinese import s, but ongoing challenges persist. Sustained deflation in China might hinder UK exporters due to delayed spending and slower market growth. Global trade, consumption, and commodity prices could be significantly affected by a slowdown in China's economic growth. ...

Summary: A new analysis links the recent heat waves in southern Europe and North America to human-induced climate change, providing evidence that the conditions for widespread wildfires are a result of global warming. The study warns that with just over one degree of average global warming, the current weather events are already becoming more frequent, and the situation will worsen if the planet reaches two degrees of warming. The impact of these wildfires extends beyond environmental damage, affecting tourism, agriculture, trade, and the wider economy in the regions. The findings highlight the urgent need for decisive action to add...

Russia Continues Fourth Day of Attacks on Ukrainian Food Export Facilities amid Escalating Tensions Summary: Russia launches consecutive attacks on Ukrainian food export facilities for four days. Tensions escalate with Ukraine's defiance of Russia's naval blockade on grain export ports. Western leaders view the attacks as an attempt by Russia to evade sanctions and cause a global food crisis. Russia claims the attacks are in retaliation for a Ukrainian strike on a Russian-built bridge to Crimea. Concerns rise over the safety of civilian shipping in the Black Sea region. Escalations continue as Poland reinforces its border amid Russia...

Summary: Japan faces backlash for releasing radioactive water from Fukushima into the Pacific Ocean. China bans seafood imports from Japan in response to the discharge, citing potential radioactive contamination. International concerns arise over the environmental and diplomatic consequences of Japan 's actions. The incident highlights the need for global cooperation in addressing nuclear-related environmental challenges. ...

Summary: NVIDIA 's earnings report exceeded analyst expectations, leading to a 13.2% surge in stock price in extended trading. Other chip stocks , including AMD and Intel , also experienced significant gains as a result of NVIDIA 's success. ST Microelectronics , a French chip manufacturer, saw a positive stock price response due to the market's enthusiasm following NVIDIA 's earnings . ...

Summary: Russian air strikes target grain facilities in Ukraine's port cities, disrupting the grain trade. Ukraine's significant role as a grain supplier to African nations makes the attacks impactful on vulnerable communities. The motives behind Russia's aggressive actions remain unclear, but it could be an attempt to force the international community's hand in resolving the conflict. Russian air strikes have intensified as they target key grain supplies in Ukr...

Summary: China 's Evergrande , a major property developer, has filed for US bankruptcy protection amidst ongoing restructuring efforts. Trouble in China 's property market extends beyond Evergrande , with other developers also facing financial challenges . Country Garden, a significant developer, is struggling to make bond interest payments due to unfinished projects and mortgage payment issues. China 's economy is grappling with deflation, reduced growth, trade challenges, and central bank interventions. ...

Summary: China's economy experiences deflation as consumer prices decline in July, a rare occurrence in over two years. Deflation refers to a sustained drop in prices, indicating weak demand and economic challenges. China's consumer price index showed an annual decrease of minus 0.3%, partially attributed to stabilized pork prices. China's economic authorities are under pressure to take active measures to stimulate the economy and boost domestic demand . The global impact of China's deflation includes potentially cheaper Chinese products abroad, but also limited access to the Chinese market due to weak demand . ...