Heatwaves Becoming a Long-Term Drag on Economy
Since the start of summer, the Northern Hemisphere has been gripped by extreme heatwaves, with multiple countries issuing red heat alerts.
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Since the start of summer, the Northern Hemisphere has been gripped by extreme heatwaves, with multiple countries issuing red heat alerts.
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Recently, the US Treasury Department unilaterally announced the revocation of the previous sanctions exemption for Iran's oil exports, and has completely blocked the export channels of Iranian crude oil since July 17th.
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Data released by the US Department of Commerce on July 7 show that in May, the US trade deficit in goods and services widened to $77.6 billion, jumping 42.2% month-on-month to hit the highest level in 14 months since March 2025.
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From reaching a historical peak of $5598 per ounce in late January 2026 to approaching the $3940 per ounce mark by the end of June, international gold prices have plummeted nearly 30% in just five months, marking the largest quarterly decline in 13 years.
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According to the British media "ING Think", recently, the rising inflation in Tokyo and the hawkish remarks from the Bank of Japan have become the focus of market discussion.
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In 2026, the European Union’s Carbon Border Adjustment Mechanism (CBAM) officially entered the full taxation phase.
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According to data from the Ministry of Land, Infrastructure and Transport of South Korea, from January to April 2026, South Korean citizens sold stocks and bonds to liquidate their assets and directly injected funds of 3.7 trillion won into the housing market.
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he German coalition government recently launched a comprehensive economic reform package in an attempt to reverse the current sluggish economic growth and revitalize the competitiveness of Europe's largest economy.
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According to a financial news report on July 1st, the Bank of Japan unexpectedly announced at the end of the quarter that the upper limit for the 10-year government bond yield target would be significantly raised from 0.5% to 1.0%.
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On July 1, Federal Reserve Chair Powell gave his first major international speech since taking office at the ECB Sintra Annual Forum, and his key statements drew widespread attention from global markets.
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Recently, the British government, in accordance with the "Steel Industry (Nationalization) Act" that came into effect on July 16th, took the British Steel Company, which is controlled by China Jiefang Group, into state ownership without compensation.
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