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The International Monetary Fund is feeling better about the state of the global economy. It raised its growth forecast up 0.2 percentage points to 3%, but inflation worries persist.
Qin Gang has been sacked from the Chinese government. The now-former foreign ministerâs whereabouts are still a mystery as his predecessor Wang Yi returns to the role.
The US broke 2,000 high temperature records in the past 30 days. International scientists said yesterday that the intense heat waves hitting the Northern Hemisphere would be âvirtually impossibleâ without human-caused climate change.
General Motors met its electric vehicle production goal for the first half of the year. But the marketâs response to the American car companyâs earnings were mixed as it deals with battery delays.
Asia and Europe canât shake their hunger for luxury goods
LVMH has two regions to thank for the bulk of the French luxury giantâs latest revenue growth: Asia and Europe. But the US? Not so much.
Just take a look at sales growth rates in the three markets for LVMHâs second quarter:
23%: Increase in revenue in Asia (excluding Japan), compared to a year ago
22%: Increase in sales in Europe, compared to a year ago
3%: Year-over-year revenue increase in the US đŹ
Pop quiz: The cost of ad-free tunes is going up
Which country isnât subject to Spotifyâs first premium subscription price hike in 12 years?
A. Brazil
B. India
C. UK
D. Singapore
Hint: Itâs one of the fastest growing markets for the Swedish music streaming service, with an estimated 55 million users. Quartzâs Julia Malleck has the answer for you.
One big number: $190 million
Amount the US Virgin Islands wants JPMorgan to pay in penalties and disgorgement for entertaining Jeffrey Epstein as a client.
Americaâs largest bank and the US Virgin Islands have been locking horns over who did the most to facilitate Epsteinâs crimes. Quartzâs Ananya Bhattacharya details whatâs in the latest accusations.
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Surprising discoveries
Antarctica hasnât rebuilt its sea ice this winter. At least one scientist is calling it a âfive-sigma eventââthat is, a thing that should only happen once every 7.5 million years.
Japan is training dogs to sniff out fire ants. How the nation fares against the dangerous, invasive species will come down to a little beagle.
Jamaican rums have become top shelf. Old brands are finding that their out-of-date processes are cool again.
You can hire a consultant to help your kid become the perfect sorority girl. What to wear, how to act, what to post⌠fitting in is a thriving business.
A particular meteorite may have come from Earth. If itâs true, the only plausible explanationâbesides some superhero discus eventâis that another meteoriteâs impact launched the rock into space.
Our best wishes for a productive day. Send any news, comments, beagle heroes, and meteorite passports to talk@qz.com. Reader support makes Quartz available to allâbecome a member. Todayâs Daily Brief was brought to you by Susan Howson and Morgan Haefner.