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In September 2024, the global average surface air temperature reached 16.17°C, which was 0.73°C above the 1991-2020 average for that month. This makes September 2024 the warmest on record globally.
In 2023, the Industrial and Commercial Bank of China (ICBC) ranked as the world's largest bank by Tier 1 capital, with approximately 523.4 billion U.S. dollars. ICBC was followed by three other Chinese banks. JPMorgan Chase secured fifth place, holding 277.31 billion U.S. dollars in Tier 1 capital.
As of August 2024, the United Arab Emirates (UAE) had the fastest average fixed broadband internet speed worldwide, with an average of 297.62 Mbps. Singapore ranked a close second at 297.57 Mbps, while Hong Kong followed in third. Fixed internet connections deliver broadband to a home, office, or other fixed location, with fiber connections offering the best quality service.
Of the leading ten technology companies worldwide based on market capitalization, Samsung is the company consuming the most electricity at nearly 30 million megawatt-hours (MWh) based on the company's most recent 2023 figures. Google, Taiwan Semiconductor Manufacturing Company (TSMC), and Microsoft came in second, third, and fourth place in electricity consumption, respectively.
Depop, a social shopping platform based in the United Kingdom, was downloaded a total of 641,000 times globally in September 2024. In the recorded time period, Depop's app downloads peaked in January 2021 when they reached over 780,000 that month.
In 2024, business-to-business (B2B) digital advertising spending in the United States amounted to an estimated 18.3 billion U.S. dollars. The annual value was projected to reach 23 billion dollars by 2026.
According to a median projection in October 2024, China's GDP was expected to grow by 4.8 percent in 2024, missing the annual growth target of five percent set by the Chinese government. In the first quarter of 2020, the second-largest economy recorded the first contraction in decades due to the epidemic.
To curb the spread of the virus, the Chinese government imposed a lockdown in Wuhan, the epicenter, and other cities in Hubei province on January 23, 2020. A strict nationwide lockdown soon followed. Many factories remained closed in February, resulting in a plunge in manufacturing Purchasing Managers' Index (PMI). The shutdown of the “world’s factory” had severely disrupted global supply chains, especially automobile production. In March 2020, very few industrial sectors reported positive production growth. The pharmaceuticals sector recorded a production increase, which was mainly driven by the global demand for vital medical supplies. China had exported over seven billion yuan worth of face masks.
Apart from the manufacturing industry, the prolonged closures of business had caused significant losses in various sectors in China. The travel and tourism sector was massively affected by a drastic decline in flight ticket sales and hotel occupancy rates. The domestic tourism market expects a loss of 20 percent in revenues for 2020. Industry experts predicted that the global travel and tourism industry could lose about 2.5 trillion U.S. dollars in that year.
The UK inflation rate was 1.7 percent in September 2024, down from 2.2 percent in the previous month. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. As of the most recent month, alcohol and tobacco was the sector with the highest inflation rate. In general, the last time overall inflation was rising at comparable levels was in 1992, when inflation peaked at 8.4 percent. Between 1993 and 2021, the UK inflation rate never exceeded 5.4 percent and was usually at much lower levels.
There are various reasons for the elevated levels of inflation seen since 2021. After the COVID-19 pandemic, global supply chains struggled to meet the renewed demand for goods and services. Food and energy prices, which were already high, increased further in 2022. Russia's invasion of Ukraine in February 2022 brought an end to the era of cheap gas flowing to European markets from Russia. The war has also disrupted global food markets, with both Russia and Ukraine being major exporters of cereal crops. As a result of these factors, inflation is high across Europe and the rest of the world.
High inflation is one of the main factors behind the ongoing Cost of Living Crisis in the UK. With global energy prices spiralling, the UK's energy price cap has increased substantially. The cap, which limits what suppliers can charge consumers, reached 3,549 British pounds per year in October 2022, compared with 1,277 pounds a year earlier. Along with soaring food costs, high-energy bills have hit UK households hard, especially lower income ones that spend more of their earnings on housing costs. As a result of these factors, UK households experienced their biggest fall in living standards in decades in 2022/23, with household disposable income also expected to fall in 2023/24, and 2024/25.
This statistic shows the median age of the population in South Africa from 1950 to 2100*.The median age is the age that divides a population into two numerically equal groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population. In 2020, the median age of the South African population was 27.3 years.
The wine market revenue in Argentina was forecast to continuously increase between 2024 and 2029 by in total 1.3 billion U.S. dollars (+45.94 percent). After the sixth consecutive increasing year, the indicator is estimated to reach 4.13 billion U.S. dollars and therefore a new peak in 2029.
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