US Building Permits Fall to Lowest Level Since June 2020
In another sign of slowing momentum in the housing sector, US building permits dropped by 2% in May 2025, falling to an annualized rate of 1.393 million units, the lowest since June 2020 and below market expectations of 1.43 million....
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Cyber Attack Hits Iran’s Nobitex Exchange Amid Iran-Israel Crisis
In the midst of escalating tensions between Iran and Israel, Nobitex, one of Iran’s largest cryptocurrency exchanges, has fallen victim to a massive cyber attack. Experts believe the attack may have political motives. The $81 Million Breach: What Happened? According...
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UK Inflation Eases Slightly in May 2025
The UK annual inflation rate edged down to 3.4% in May 2025, a slight drop from 3.5% in April. As UK inflation eases, this figure matches market expectations and marks the lowest level since early 2024. ✅ The biggest downward...
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Japan’s Trade Deficit Narrows in May 2025: Imports Plunge Sharply
Japan’s trade deficit in May 2025 dropped to ¥637.6 billion, a significant improvement from ¥1,225.2 billion recorded in the same month last year. This figure also beat market expectations of a ¥893 billion shortfall. However, the improvement did not come...
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Bank of Japan Holds Rates Steady at 0.5%
The Bank of Japan (BoJ) maintained its short-term interest rate at 0.5% during its June 2025 meeting—matching market expectations and marking the highest level since 2008. The decision, taken unanimously, highlights the central bank’s cautious approach amid geopolitical tensions and...
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