US producer prices rise 2.6% annually with slight 0.1% monthly increase in May
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
China’s development centered on digital resources is gaining momentum under a new three-year plan aimed at boosting information use to support economic and social growth.
China's data-driven development has gained momentum since the launch of a three-year action plan. The 2024–2026 initiative aims to promote the use of data as a factor of production and strengthen its role in supporting economic and social development.
The National Data Administration, China’s central government agency responsible for data governance and digital development, said on Thursday that the plan has already made solid progress in turning data into a valuable resource for industries.
Since the strategy was launched over a year ago, more companies have entered the data market. According to official Luan Jie, nearly 500 digital tech firms have been established by central enterprises, and around 66% of leading companies across various sectors have begun purchasing data.
The integration of data has helped businesses achieve better performance and efficiency across a range of sectors. For instance, in agriculture, certain farming enterprises have boosted crop yields by 5.5% through data-driven fertilization strategies. Meanwhile, in the industrial sector, top companies have reduced research, procurement, and product delivery cycles by more than 30% by leveraging data across their entire supply chains.
Authorities have pledged to continue advancing pilot initiatives, addressing existing challenges, and fully implementing the national framework.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
The European Commission confirmed on Thursday it will postpone the implementation of new international banking regulations by a year, citing concerns over global alignment and competitiveness.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
The U.S. Energy Information Administration (EIA) has slightly increased its forecast for Brent crude oil prices in 2025, despite expectations of growing global stockpiles.
South Korea's main stock index, the Korea Composite Stock Price Index (KOSPI), rose by 35.19 points, or 1.23%, on Wednesday, closing at 2,907.04. This marks its highest closing level since 14 January, 2022, when it reached 2,921.92 points.
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