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U.S.-ECONOMY-CPI-UP

(240712) -- FOSTER CITY, July 12, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A customer selects goods at a supermarket in Foster City, California, the United States, July 11, 2024. U.S. consumer inflation in June increased 3.0 percent from a year ago, after climbing 3.3 percent in May and 3.4 percent in April, the U.S. Labor Department reported Thursday. (Photo by Li Jianguo/Xinhua/ABACAPRESS.COM

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U.S.-ECONOMY-CPI-UP

(240712) -- FOSTER CITY, July 12, 2024 Photo by Xinhua/ABACAPRESS.COM) -- Customers queue to buy food at a supermarket in Foster City, California, the United States, July 11, 2024. U.S. consumer inflation in June increased 3.0 percent from a year ago, after climbing 3.3 percent in May and 3.4 percent in April, the U.S. Labor Department reported Thursday. (Photo by Li Jianguo/Xinhua/ABACAPRESS.COM

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U.S.-ECONOMY-CPI-UP

(240712) -- FOSTER CITY, July 12, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A customer selects goods at a supermarket in Foster City, California, the United States, July 11, 2024. U.S. consumer inflation in June increased 3.0 percent from a year ago, after climbing 3.3 percent in May and 3.4 percent in April, the U.S. Labor Department reported Thursday. (Photo by Li Jianguo/Xinhua/ABACAPRESS.COM

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U.S.-ECONOMY-CPI-UP

(240712) -- FOSTER CITY, July 12, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A customer selects goods at a supermarket in Foster City, California, the United States, July 11, 2024. U.S. consumer inflation in June increased 3.0 percent from a year ago, after climbing 3.3 percent in May and 3.4 percent in April, the U.S. Labor Department reported Thursday. (Photo by Li Jianguo/Xinhua/ABACAPRESS.COM

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U.S. retail sales rise 0.7 pct in Sept.

STORY: U.S. retail sales rise 0.7 pct in Sept. DATELINE: Oct. 18, 2023 LENGTH: 00:01:30 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of convenience stores and a food truck in Arlington, the U.S. state of Virginia STORYLINE: U.S. retail sales rose by 0.7 percent in September from the previous month, according to data released by the U.S. Commerce Department on Tuesday. Advance estimates of U.S. retail and food services sales for September, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were 704.9 billion U.S. dollars, up 3.8 percent year over year. Total sales for the July through September period were up 3.1 percent from the same period a year ago. The July to August percent change was revised from up 0.6 percent to up 0.8 percent. Retail trade sales were up 0.7 percent from August 2023, and up 3.0 percent above last year. Nonstore retailers were up 8.4 percent from last year, while food services and drinking places were up 9.2 per

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MOROCCO-MARRAKECH-IMF-WORLD ECONOMIC OUTLOOK

(231010) -- MARRAKECH, Oct. 10, 2023 (Xinhua) -- This photo taken on Oct. 10, 2023 shows the press conference on the International Monetary Fund (IMF) release of the World Economic Outlook report in Marrakesh, Morocco. The IMF predicted that global economic growth to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024. (Xinhua/Huo Jing)

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MOROCCO-MARRAKECH-IMF-WORLD ECONOMIC OUTLOOK

(231010) -- MARRAKECH, Oct. 10, 2023 (Xinhua) -- International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas speaks at the press conference on the IMF release of the World Economic Outlook report in Marrakesh, Morocco, Oct. 10, 2023. The IMF predicted that global economic growth to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024. (Xinhua/Huo Jing)

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Huawei 2023 H1 Revenue Growth

SHANGHAI, CHINA - JULY 7, 2023 - (FILE) Huawei showcases Centeng AI cloud services and Pangu Grand Model 3.0 at the World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. On August 30, 2023, Huawei Investment Holdings Co., LTD. 's semi-annual report showed that R&D expenses increased by 4.4% in the first half of the year. In the first half of the year, net profit rose 218 percent year-on-year.

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Huawei 2023 H1 Revenue Growth

SHANGHAI, CHINA - JULY 7, 2023 - (FILE) Huawei showcases Centeng AI cloud services and Pangu Grand Model 3.0 at the World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. On August 30, 2023, Huawei Investment Holdings Co., LTD. 's semi-annual report showed that R&D expenses increased by 4.4% in the first half of the year. In the first half of the year, net profit rose 218 percent year-on-year.

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Huawei 2023 H1 Revenue Growth

SHANGHAI, CHINA - JULY 7, 2023 - (FILE) Huawei showcases Centeng AI cloud services and Pangu Grand Model 3.0 at the World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. On August 30, 2023, Huawei Investment Holdings Co., LTD. 's semi-annual report showed that R&D expenses increased by 4.4% in the first half of the year. In the first half of the year, net profit rose 218 percent year-on-year.

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Huawei 2023 H1 Revenue Growth

SHANGHAI, CHINA - JULY 7, 2023 - (FILE) Huawei showcases Centeng AI cloud services and Pangu Grand Model 3.0 at the World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. On August 30, 2023, Huawei Investment Holdings Co., LTD. 's semi-annual report showed that R&D expenses increased by 4.4% in the first half of the year. In the first half of the year, net profit rose 218 percent year-on-year.

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Huawei 2023 H1 Revenue Growth

SHANGHAI, CHINA - JULY 7, 2023 - (FILE) Huawei showcases Centeng AI cloud services and Pangu Grand Model 3.0 at the World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. On August 30, 2023, Huawei Investment Holdings Co., LTD. 's semi-annual report showed that R&D expenses increased by 4.4% in the first half of the year. In the first half of the year, net profit rose 218 percent year-on-year.

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Huawei 2023 H1 Revenue Growth

SHANGHAI, CHINA - JULY 7, 2023 - (FILE) Huawei showcases Centeng AI cloud services and Pangu Grand Model 3.0 at the World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. On August 30, 2023, Huawei Investment Holdings Co., LTD. 's semi-annual report showed that R&D expenses increased by 4.4% in the first half of the year. In the first half of the year, net profit rose 218 percent year-on-year.

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Huawei 2023 H1 Revenue Growth

SHANGHAI, CHINA - JULY 7, 2023 - (FILE) Huawei showcases Centeng AI cloud services and Pangu Grand Model 3.0 at the World Artificial Intelligence Conference in Shanghai, China, July 7, 2023. On August 30, 2023, Huawei Investment Holdings Co., LTD. 's semi-annual report showed that R&D expenses increased by 4.4% in the first half of the year. In the first half of the year, net profit rose 218 percent year-on-year.

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Japan's core consumer prices jump 3.1 pct in March

STORY: Japan's core consumer prices jump 3.1 pct in March DATELINE: April 22, 2023 LENGTH: 00:00:38 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of city views in Tokyo STORYLINE: Japan's core consumer prices jumped 3.1 percent in March from a year earlier, with food prices and those for durable goods surging, the government said in a report on Friday. The Ministry of Internal Affairs and Communications said the nationwide core consumer price index (CPI), excluding volatile fresh food items in fiscal 2022, climbed 3.0 percent from a year earlier, marking the sharpest rise since 1981. The headline figure has remained above the Bank of Japan's 2 percent inflation target for a complete year, the data showed, although government subsidies for household energy use helped soften energy prices, the data showed. But while energy prices went down 3.8 percent, with electricity, gasoline and kerosene prices dropping from a year ago, food prices leapt 8.2 percent in March. The rise in food prices was the

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Mexico's economy grows 3.1 percent in 2022: report

STORY: Mexico's economy grows 3.1 percent in 2022: report DATELINE: Feb. 25, 2023 LENGTH: 00:01:05 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. various of cities views of Mexico City 2. various of bank clerk counting STORYLINE: Mexico's economy grew 3.1 percent in 2022, supported mainly by industrial activity, according to figures released Friday by the National Institute of Statistics and Geography (Inegi). The number represents a slight upward revision, compared with the 3.0 percent growth preliminarily reported by Inegi on Jan. 31. Industrial activity, with strong links to its U.S. counterpart, grew 3.3 percent last year, according to the institute. The service sector, which contributes the bulk of the gross domestic product (GDP), increased by 2.8 percent in 2022, while agricultural activity rose at the same rate of 2.8 percent, Inegi reported. Xinhua News Agency correspondents reporting from Mexico City. (XHTV)

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Global economy projected to grow 1.9 pct in 2023: UN report

STORY: Global economy projected to grow 1.9 pct in 2023: UN report DATELINE: Jan. 26, 2023 LENGTH: 00:01:56 LOCATION: UN Headquarters CATEGORY: ECONOMY SHOTLIST: 1. various of UN officials taking seats 2. SOUNDBITE 1 (English): LI JUNHUA, UN under-secretary-general for economic and social affairs 3. various of journalists 4. SOUNDBITE 2 (English): LI JUNHUA, UN under-secretary-general for economic and social affairs 5. screenshot of slide show 6. SOUNDBITE 3 (English): HAMID RASHID, Chief of Global Economic Monitoring Branch, UN Department of Economic and Social Affairs 7. various of press briefing room STORYLINE: World output growth is projected to decelerate from an estimated 3.0 percent in 2022 to 1.9 percent in 2023, marking one of the lowest growth rates in recent decades, according to a UN report launched on Wednesday. The UN World Economic Situation and Prospects 2023 report predicted global growth to moderately pick up to 2.7 percent in 2024, as some macroeconomic headwinds are expected to begin t

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UN-WORLD ECONOMIC SITUATION AND PROSPECTS 2023 REPORT-LAUNCH

(230125) -- UNITED NATIONS, Jan. 25, 2023 (Xinhua) -- Li Junhua (C, Rear), UN undersecretary-general for economic and social affairs, holds a press briefing to launch the UN World Economic Situation and Prospects 2023 report at the UN headquarters in New York, on Jan. 25, 2023. World output growth is projected to decelerate from an estimated 3.0 percent in 2022 to 1.9 percent in 2023, marking one of the lowest growth rates in recent decades, according to a UN report launched on Wednesday. (Xinhua/Xie E)

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UN-WORLD ECONOMIC SITUATION AND PROSPECTS 2023 REPORT-LAUNCH

(230125) -- UNITED NATIONS, Jan. 25, 2023 (Xinhua) -- Li Junhua (C, Rear), UN undersecretary-general for economic and social affairs, holds a press briefing to launch the UN World Economic Situation and Prospects 2023 report at the UN headquarters in New York, on Jan. 25, 2023. World output growth is projected to decelerate from an estimated 3.0 percent in 2022 to 1.9 percent in 2023, marking one of the lowest growth rates in recent decades, according to a UN report launched on Wednesday. (Xinhua/Xie E)

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China's GDP growth slows to 3.0% in 2022

Journalists receive China's gross domestic product data for 2022 at its National Bureau of Statistics in Beijing on Jan. 17, 2023. China's economy expanded 3.0 percent in the year, showing a significant deceleration from 8.4 percent growth in 2021 due to the nation's stringent "zero-COVID" policy.

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China's GDP growth slows to 3.0% in 2022

Journalists await the release of China's gross domestic product data for 2022 outside its National Bureau of Statistics building in Beijing on Jan. 17, 2023. China's economy expanded 3.0 percent in the year, showing a significant deceleration from 8.4 percent growth in 2021 due to the nation's stringent "zero-COVID" policy.

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China's consumer prices up 2.2% in June

BEIJING, China - Customers buy bargain sale vegetables at a supermarket in Beijing on July 8, 2012. Government data showed on July 9, 2012, that China's consumer price index, a main gauge of inflation, rose 2.2 percent in June from the same month a year earlier, slowing from 3.0 percent in May.

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Japan's April-June GDP posts largest contraction in nearly 7 yrs

TOKYO, Japan - Economic and Fiscal Policy Minister Kaoru Yosano speaks during a news conference in Tokyo Sept. 12 after the government said the Japanese economy shrank an annualized real 3.0 percent in the April-June quarter, revised downward from an initially reported 2.4 percent, the largest contraction in nearly seven years.

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Japan's Cabinet OKs 79.69 tril. yen budget for FY 2006

TOKYO, Japan - Finance Minister Sadakazu Tanigaki speaks during a news conference at his ministry on Dec. 24 after the the Cabinet approved a 79,686.02 billion yen national budget for fiscal 2006, down 3.0 percent from the initial budget for the current fiscal year and moving below 80 trillion yen for the first time in eight years.

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S.Korean banks' lending rate for households hits 10-year high in September

STORY: S.Korean banks' lending rate for households hits 10-year high in September DATELINE: Oct. 29, 2022 LENGTH: 00:01:11 LOCATION: Seoul CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of Korea 2. various of apartments and banks (courtesy: Yonhap TV) STORYLINE: South Korean banks' lending rate for households hit the highest in over 10 years in September due to policy rate hikes, central bank data showed Friday. The weighted average rate for new bank loans to households was an annualized rate of 5.15 percent in September, up 0.39 percentage points from the previous month, according to the Bank of Korea (BOK). It marked the highest in more than 10 years since July 2012 amid the higher policy rates. The BOK began to tighten its monetary policy stance in August last year, raising the key rate in eight steps from a record low of 0.5 percent to 3.0 percent. The rate for mortgage loans to households rose 0.44 percentage points from August to 4.79 percent in September, while the credit loans rate

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WTO: world trade growth to slow sharply in 2023

STORY: WTO: world trade growth to slow sharply in 2023 DATELINE: Oct. 6, 2022 LENGTH: 00:01:24 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. various of WTO 2. SOUNDBITE (English): NGOZI OKONJO-IWEALA, WTO Director-General STORYLINE: World trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023, as multiple shocks weigh on the global economy, the World Trade Organization (WTO) said in a statement on Wednesday. WTO economists said in the statement that global merchandise trade volumes will grow by 3.5 percent in 2022 -- slightly better than the 3.0 percent forecast in April. However, for 2023 they foresee a 1.0 percent increase, down sharply from the previous estimate of 3.4 percent. The new WTO forecast estimates world gross domestic product (GDP) at market exchange rates will grow by 2.8 percent in 2022 and 2.3 percent in 2023 - the latter is 1.0 percentage points lower than previous projections. In their April forecast, WTO economists had to rely on simul

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NEW ZEALAND-AUCKLAND-CASH RATE-HIKE

(221005) -- AUCKLAND, Oct. 5, 2022 (Xinhua) -- An elderly woman shops at a supermarket in Auckland, New Zealand, Oct. 5, 2022. The Monetary Policy Committee of New Zealand's central bank increased the Official Cash Rate (OCR) to 3.5 percent from 3.0 percent on Wednesday. The current OCR is at its highest point in seven years. (Photo by Zhao Gang/Xinhua)

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NEW ZEALAND-AUCKLAND-CASH RATE-HIKE

(221005) -- AUCKLAND, Oct. 5, 2022 (Xinhua) -- A man works at a construction site in Auckland, New Zealand, Oct. 5, 2022. The Monetary Policy Committee of New Zealand's central bank increased the Official Cash Rate (OCR) to 3.5 percent from 3.0 percent on Wednesday. The current OCR is at its highest point in seven years. (Photo by Zhao Gang/Xinhua)

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NEW ZEALAND-AUCKLAND-CASH RATE-HIKE

(221005) -- AUCKLAND, Oct. 5, 2022 (Xinhua) -- A car enters a gas station in Auckland, New Zealand, Oct. 5, 2022. The Monetary Policy Committee of New Zealand's central bank increased the Official Cash Rate (OCR) to 3.5 percent from 3.0 percent on Wednesday. The current OCR is at its highest point in seven years. (Photo by Zhao Gang/Xinhua)

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NEW ZEALAND-AUCKLAND-CASH RATE-HIKE

(221005) -- AUCKLAND, Oct. 5, 2022 (Xinhua) -- A man works at a construction site in Auckland, New Zealand, Oct. 5, 2022. The Monetary Policy Committee of New Zealand's central bank increased the Official Cash Rate (OCR) to 3.5 percent from 3.0 percent on Wednesday. The current OCR is at its highest point in seven years. (Photo by Zhao Gang/Xinhua)

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Hungary's March annual inflation hits 15-year high at 8.5 pct

STORY: Hungary's March annual inflation hits 15-year high at 8.5 pct DATELINE: April 9, 2022 LENGTH: 00:01:10 LOCATION: Budapest CATEGORY: ECONOMY SHOTLIST: 1. various of car traffic 2. various of people buying food products in a butcher shop 3. various of people buying fruits and vegetables at a market 4. various of people eating at a restaurant STORYLINE: Hungary's annual inflation was 8.5 percent in March, up from 8.3 percent in February and the highest in 15 years, the country's Central Statistical Office (KSH) said on Friday. The figure was much higher than the official target of 3.0 percent set by the National Bank of Hungary (MNB) but met the expectations of analysts, who projected a rate of between 8.5 percent and 9.0 percent. "The increase over the past 12 months was the largest in food prices. In one month, consumer prices increased by 1.0 percent on average," KSH said. To ease the burden of inflation on the population, Hungary's government capped the prices of six basic food items in the midd

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Japan's economic revitalization minister on GDP

Daishiro Yamagiwa, Japanese minister in charge of economic revitalization, speaks at a press conference in Tokyo on Nov. 15, 2021, after government data showed Japan's economy in the July-September period shrank a real 0.8 percent from the previous quarter, or an annualized 3.0 percent.

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Japan's economic revitalization minister on GDP

Daishiro Yamagiwa, Japanese minister in charge of economic revitalization, speaks at a press conference in Tokyo on Nov. 15, 2021, after government data showed Japan's economy in the July-September period shrank a real 0.8 percent from the previous quarter, or an annualized 3.0 percent.

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Japan's Cabinet OKs 79.69 tril. yen budget for FY 2006

TOKYO, Japan - Finance Minister Sadakazu Tanigaki speaks during a news conference at his ministry on Dec. 24 after the the Cabinet approved a 79,686.02 billion yen national budget for fiscal 2006, down 3.0 percent from the initial budget for the current fiscal year and moving below 80 trillion yen for the first time in eight years. (Kyodo)

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Japan's April-June GDP posts largest contraction in nearly 7 yrs

TOKYO, Japan - Economic and Fiscal Policy Minister Kaoru Yosano speaks during a news conference in Tokyo Sept. 12 after the government said the Japanese economy shrank an annualized real 3.0 percent in the April-June quarter, revised downward from an initially reported 2.4 percent, the largest contraction in nearly seven years. (Kyodo)

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S. Korean economy to grow 3%: IMF chief Lagarde

Christine Lagarde, managing director of the International Monetary Fund, speaks at a press conference in Seoul on Sept. 11, 2017. Lagarde expressed optimism about the South Korean economy as the IMF forecast it would grow 3.0 percent in 2017 and 2018. (Kyodo) ==Kyodo