AGP Executive Report
Last update: 9 hours agoChina Manufacturing: China’s factory activity stalled in May as export orders fell and input costs rose, with the official PMI slipping to 50 from 50.3—another sign momentum is cooling. Middle East & Oil: Oil jumped more than 2% as Israel expanded operations in Lebanon, lifting WTI and Brent and adding to global inflation worries. South Africa Housing: South Africa’s Reserve Bank raised rates to 7%, but a property group warns higher borrowing costs can’t fix delivery bottlenecks—slowing sales, delaying projects, and hitting jobs. Armenia Trade & Energy: Armenia says its farm exports meet EU standards, while Russia-linked gas supply remains a concern as intermediaries and market pricing could make costs “very challenging.” Digital Integration in ASEAN: ASEAN wrapped up talks on the ASEAN Digital Economy Framework Agreement, targeting a November signing to boost regional digital trade. India Payments & Crypto: UPI crossed 23.2B transactions in May; Coinbase also resumed rupee-based crypto trading in India, expanding access while operating under AML rules. Tech & Jobs Debate: An MIT-linked economist argues AI isn’t proven to cause job losses, even as tech firms rebrand layoffs as “AI evolution.” Bangladesh Fuel: Bangladesh raised retail fuel prices again, likely feeding into transport and food inflation.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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