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  Global services trade growth slowed in the first quarter of 2025 to 5% year-on-year, roughly half the pace recorded in both 2024 and 2023. The appreciation of the US dollar against the euro and other currencies, coupled with increased economic uncertainty, contributed to the slowdown in services trade in the early months of the year. Services exports in Europe and North America increased by only 3% year-on-year in the first quarter of 2025, down from 8% and 11% respectively in the first quarter of 2024. In contrast, strong growth was sustained in Asia at 9%. The overall slowdown in services trade was mainly due to “Other commercial services,” a category that encompasses a wide variety of mostly digitally deliverable services ranging from financial to professional services (Chart 1). In 2024, “Other commercial services” accounted for some 60% of global services trade, with Europe contributing 40% of those exports (Chart 2). Chart 3 shows a deceleration across selected subsectors o...

  SEOUL—Humane Society International/Korea is calling on legislators to back a series of tough new legal measures to address the lack of progress by Korea’s relevant regulatory and research funding ministries toward reduction and replacement of animal testing. Statistics on laboratory animal use in 2019 published this week by Korea’s Ministry of Agriculture, Food and Rural Affairs’ Animal and Plant Quarantine Agency[1] revealed a marginal 0.4% decrease in total animal use compared to the previous year (3,712,380 in 2019 compared to 3,727,163 in 2018), together with alarming increases in animal use for testing insecticides (+187%), industrial chemicals (+115%), education and training (+77.8%), pharmaceutical quality control testing (+40%), production of genetically modified animals (+12%), and experiments in the most severe pain category (+9.7%). Borami Seo, HSI/Korea senior policy manager for research and toxicology, said: “These statistics make it clear far Korean authorities and ...

  On behalf of the co-chairs of the Inter-Agency and Expert Group on Disaster-related Statistics (IAEG-DRS) , we are pleased to announce the launch of the global consultation on the draft Global Disaster-Related Statistics Framework (G-DRSF) —a milestone in advancing global standards for disaster-related data. The development of the G-DRSF has been a coordinated effort led by UNDRR , the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) , and the United Kingdom Health Security Agency (UKHSA) . This initiative directly responds to United Nations Statistical Commission Decision 50/116 , which calls for the creation of a unified and internationally accepted statistical framework for disaster-related statistics. A Global Effort Rooted in Collaboration The draft G-DRSF represents the collective output of more than four years of collaboration among experts from official statistics, disaster risk reduction, geospatial information, and a wide range of national...

  Work is underway to grow SK Telecom’s presence in data infrastructure at home and abroad. As reported by  Data Centre Dynamics , the company plans to expand its Ulsan site in South Korea and build another facility in Vietnam. During SK’s AI Summit on November 3, company leaders said the Ulsan buildout will support 1GW of capacity. That target is more than ten times the original goal of 103MW. The expansion is part of an MoU (memorandum of understanding) between the firm and Ulsan Metropolitan City. The Ulsan data centre sits on land once used by SK Group’s chemicals subsidiary and is tied to a partnership with AWS. The construction agreement was signed in June, with ground work starting in early September. Earlier planning suggested that 41MW would be available by November 2027, with full completion set for February 2029. It is not clear if these timelines will shift under the larger build. THE cost of the upgrade is also unknown, although Korea’s Ministry of Science h...

  If there's one thing that's certain in a digital world, it's that we are surrounded by ever-increasing amounts of data. From your daily step counts to weather reports to global market trends, data is everywhere. For Mathematics and Statistics Lecturer Xun Xiao, data is his happy place. It's where he works, showing students every day how "interpreting data through statistical thinking can unlock insights in the world around them." "Our world is absolutely flooded with data. A news story is data. A photo is data. A video clip is data," Xun says. "If you want to truly make sense of modern life, you need to understand data, starting from the very basics." Data though, is "information plus noise." "The problem is noise often dominates the signal. What you see may not be the truth." That's where the study of statistics comes in. "Studying statistics teaches you how to extract meaningful information from a noisy worl...

  Australia’s mining and manufacturing sectors are taking extraordinary lengths of time to discover cyber intrusions, with new figures revealing delays that in some cases stretch well past a year — and in one instance beyond 500 days — before a breach is even noticed. Freedom of Information data compiled by industrial cybersecurity firm Secolve shows 187 data breaches recorded across the two sectors since 2018, affecting the personal information of as many as 3.6 million people. Although the dataset is de-identified, the scale and duration of undetected activity highlight a growing concern for insurers about silent exposures within industries that underpin the national economy. The figures show one operator failed to identify an intrusion for 520 days, then waited another 84 days before reporting it to the Office of the Australian Information Commissioner. Even when breaches were detected promptly, many companies held back for months before notifying regulators. Several incidents t...

  UN Trade and Development (UNCTAD) released on 15 April new   seaborne trade data.  For the first time, the dataset includes country-level statistics. Maritime transport is the backbone of global trade, moving over 80% of goods traded worldwide by volume . It connects global value chains, carrying raw materials and semi-processed goods to production hubs and delivering finished products to consumers. These flows are vital for industrialization, economic growth and job creation. Seaborne trade has evolved over the decades, shaped by containerization, the rise of developing economies and shifting production and consumption patterns. Today, digitalization, geopolitics and the push for sustainability and climate resilience are redefining the sector. A clearer picture of who ships what – and how much Reliable, up-to-date country-level data is key to understanding trade flows and guiding better transport and trade policies and investment decisions. Built from officia...

  When I first learned statistics in high school, it felt like piecing together a puzzle: manually calculating probabilities and drawing graphs. Statistical software seemed unnecessary back then, but studying economics in college changed that. Managing larger datasets and complex analyses became overwhelming. I had to adapt and learn to use the  best statistical analysis software  to interpret data, run regressions, and make sense of the numbers. Later, while working with data professionals, I gained a deeper appreciation for the nuances of these tools. We evaluated various statistical analysis software, comparing their strengths and weaknesses. My research and G2 user reviews taught me that the right software simplifies workflows, eases complex analyses, and ensures accuracy. But I also noticed how technical challenges, like limited functionality, compatibility with data formats, or un-intuitive interfaces, could slow down even the most experienced analysts. ...

  The White House said Wednesday it was unlikely that key federal inflation and labor reports impacted by the government shutdown would be released. “The Democrats may have permanently damaged the federal statistical system, with October CPI and jobs reports likely never being released, and all of that economic data released will be permanently impaired, leaving our policymakers at the Fed flying blind at a critical period,” White House press secretary Karoline Leavitt said. Economists had already expected that October's CPI data on inflation might not be released because federal workers who would have collected the data if the government had been open were not deployed after Oct. 1. After Leavitt’s briefing, the White House clarified that September’s jobs report, for which data was collected before the government shut down, would be released once the stoppage ended. However, October’s jobs report, originally scheduled to be released last week, may not be. The most recent j...

  Long memory is a phenomenon that can be described as the persistence of volatility, suggesting that past observations have an impact on future values. In financial markets, this behavior is often exhibited in volatility and thus has crucial implications for forecasting and risk management. The long memory properties of financial assets have been substantially investigated and studied, with evidence indicating that volatility is indeed a long memory process [ 1 – 4 ]. Cryptocurrencies share numerous commonalities with traditional financial assets; however, the volatility dynamics of cryptocurrencies are often found to be higher than traditional assets like stocks [ 5 ] as well as leading fiat currencies [ 6 ]. The cryptocurrency market is decentralized with no association to a higher authority and thus making the market structure unique. The significant development of cryptocurrencies demonstrated by their growing transaction volume and market capitalization has distinguished ...

  The Linen Fabric Market size was valued at USD 16.44 Billion in 2024, and the total revenue is expected to grow at CAGR of 5.33 % from 2025 to 2032, reaching nearly USD 24.3 Billion. Linen Fabric Market Overview: The global Linen Fabric Market is experiencing steady growth driven by increasing consumer demand for sustainable, natural, and breathable textiles. Linen, derived from the flax plant, is widely used in apparel, home décor, and industrial applications due to its durability, moisture absorption, and eco-friendly properties. Rising awareness of environmentally responsible fashion and interior design trends continues to boost the market's appeal across developed and emerging economies. The market outlook remains optimistic as consumers and manufacturers alike shift toward sustainable materials. Innovations in weaving technology, dyeing methods, and organic flax cultivation are enhancing linen's versatility and softness. Future trends indicate growing adoption of line...

  Introduction Big Data Statistics: By 2025, the world is expected to generate an unimaginable 181 zettabytes of data, representing an average annual growth rate of 23.13%, with 2.5 quintillion bytes created daily. This indicates an influx of roughly 29 terabytes every second, yes, you read it right. While over 97% of businesses are now investing in Big Data, only about 40% are truly effective at leveraging analytics. The global Big Data analytics market, valued at approximately $348.21 billion in 2024, is on a trajectory to reach over $961.89 billion by 2032, exhibiting a robust CAGR of 13.5%. The dominance of some unstructured data, which constitutes about 90% of all global data, underscores the complex statistical challenge. Industries, from healthcare, which could save up to $300 billion annually in the US alone through data initiatives, to entertainment, where Netflix saves an estimated $1 billion per year using data-driven recommendation algorithms, which are being funda...

  As the data intensity of grain enterprises and grain-related research amplifies at exponential rates, analytical statistical methods have kept pace through a series of strategic GRDC investments. Statistics – the arm of mathematics that to the layperson might seem as dry as last year’s stubble – is in fact one of the most powerful tools available in today’s suite of digital technologies. It is statistics that transform observations and data into the breakthrough insights that are driving modern cropping. From soil’s complex influences on yields through to detecting pioneering gene combinations in breeding trials, statistics profoundly underlie gains in farm productivity. To ensure that analytical capability is commensurate with industry needs, GRDC has made a series of special investments in this field. These occur under the umbrella of the Statistics for the Australian Grains Industry (SAGI) initiative, which evolved in 2023 to Analytics for the Australian Grains Industry – AAGI...

  The new WTO Monthly Merchandise Trade Statistics interactive tool provides access to bilateral trade data for over 120 economies and more than 200 of their trading partners across 72 product categories. The tool, contained in the WTO's Tariff and Trade Data portal, is updated weekly and draws on statistics from Trade Data Monitor (TDM), which sources trade data from government offices and agencies across the world. WTO Monthly Merchandise Trade Statistics features three interactive dashboards designed to help users explore and analyse trade trends: Short-Term Insights: Provides total trade values and growth rates by product for a selected economy, giving a snapshot of recent performance and trends. Bilateral Trade: Provides trade values and bilateral shares of two selected reporters, offering insights into key trading relationships and product-level dynamics. All Partners: Provides trade values, growth rates and partner shar...

  «When we first started the reform of the State Statistics Service, most systems were outdated, and there was no single statistical database. Now we are presenting the launch of a new portal, which is a significant result of this transformation, said Fedorov. The State Statistics Service launched a public beta of the new version of the site in September 2023. The company ERAM worked on it together with the Ministry of Digital Transformation. Previously, the Minister of Digital Transformation of Ukraine, Mykhailo Fedorov, stated in an interview with Forbes that the Ministry of Digital Affairs plans to transform the State Statistics Service into an IT company. The project price was estimated at UAH 55 million. New features of the State Statistics Service website «Now the State Statistics Service will operate as a...