EconWatcher: Global Economic Trends and Insights

Market

Lotte Card CEO Vows Full Compensation After Cyber Attack: Protecting Customer Data and Trust

Sarah Mitchell 04 Sep, 2025

Lotte Card CEO apologizes for cyber intrusion, promises full compensation for damages. No customer data leakage confirmed, but card reissuance and emergency measures implemented af...

Business

Major GST Overhaul: Discover Which Products Get Cheaper and Which Face Higher Taxes

Christopher Adams 04 Sep, 2025

India's GST Council introduces simplified two-rate tax structure (5% and 18%) effective September 22. Major winners include automobiles, consumer goods, and essential items with re...

Business

How India's sweeping GST rate cuts are supercharging consumption and stock market momentum

Michael Lee 04 Sep, 2025

India's comprehensive GST rate cuts have energized markets, with Sensex gaining 900 points. Auto, FMCG, and cement sectors see major benefits, boosting consumption and economic gro...

Economy

Russian Economy Faces Accelerated Cooling: Minister Announces Urgent Forecast Revisions

Michael Lee 04 Sep, 2025

Russian Economy Minister Maxim Reshetnikov announces faster-than-expected economic cooling, with the ministry finalizing updated macroeconomic forecasts including revised indicator...

Business

UK's Electric Vehicle Surge Defies Overall Car Market Slump in August

Ryan Peterson 04 Sep, 2025

UK new car registrations fell 2% in August, with gasoline vehicles down 14.2% but battery electric vehicles surging 14.9%. BEVs now hold 26.5% market share, boosted by grants and c...

Economy

Germany's Economic Outlook Dims as Ifo Cuts 2026 GDP Growth Forecast to 1.3% Amid Trade Tensions

Olivia Carter 04 Sep, 2025

Ifo Institute lowers Germany's 2026 GDP growth forecast to 1.3% from 1.5%, citing ongoing negative impacts from US tariffs. Q3 2025 growth is projected at 0.1%, with a rebound to 1...

Economy

UK Construction Sector Shows Signs of Stabilization as August PMI Rises, Though Activity Remains in Contraction

Emily Rodriguez 04 Sep, 2025

UK construction activity declined for the eighth straight month in August, though at a slower pace. The PMI rose to 45.5 from 44.3, remaining below 50. Civil engineering was the we...

Economy

Eurozone Retail Sales Dip 0.5% in July, While Annual Growth Remains Positive at 2.2%

Sarah Mitchell 04 Sep, 2025

Eurozone retail sales fell 0.5% in July month-on-month, with annual growth at 2.2%. Food and fuel sectors saw declines, while non-food sales rose slightly. Croatia, Estonia, and Ge...

Economy

ECB's Cipollone Unveils Plans for Inclusive Digital Euro Accessible to All Europeans

Christopher Adams 04 Sep, 2025

ECB's Piero Cipollone announces the digital euro will be accessible to all citizens, emphasizing inclusive design with features like voice commands and large-font displays to ensur...

Business

Tesla's Robotaxi App Now Open to Everyone: Join the Waitlist for the Future of Autonomous Transportation

Jessica Bennett 04 Sep, 2025

Tesla has made its robotaxi hailing app available to the general public after initial limited access. Users can now download the app to join the waitlist, with Android version comi...

Business

Huawei Unveils Revolutionary Mate XTs Trifold Smartphone with Enhanced Performance and Camera System

Ryan Peterson 04 Sep, 2025

Huawei launches the Mate XTs Ultimate Design, a tri-foldable smartphone with Kirin 9020 chip, HarmonyOS 5.1, 10.2-inch display, and advanced triple camera. Pre-orders start at $2,5...

Business

Google Services Face Widespread Outages Across 44 Countries, Users Report Issues

Olivia Carter 04 Sep, 2025

Google services including Cloud, Drive, Gmail, Gemini, Maps, YouTube, and search are experiencing outages across 44 countries, with no official statement from Google yet.

Market

Oil Prices Drop Over 1% as US Inventories Rise and OPEC+ Considers Production Boost

Emily Rodriguez 04 Sep, 2025

Oil prices fell over 1% on Thursday due to unexpected US crude inventory increases and speculation about OPEC+ considering production boosts. WTI dropped to $63.10 while Brent decl...

Business

Google Resolves Widespread Platform Issues Affecting Users Across 44 Countries

Ryan Peterson 04 Sep, 2025

Google has resolved platform issues affecting users across 44 countries, including Germany and Netherlands. Services like Gmail, Calendar, and Drive are now restored after company ...

Market

Asia-Pacific Markets Mixed as Fed Rate-Cut Hopes Spark Regional Rebound After US Gains

Christopher Adams 04 Sep, 2025

Asian markets showed mixed performance on Thursday, rebounding from losses after US gains. Fed rate-cut hopes and weaker economic data influenced trading, with Australia's trade su...

Market

European Stocks Open Mixed as Investors Eye PMI Data, Retail Sales, and Trump Tariff Fallout

Sarah Mitchell 04 Sep, 2025

European stocks opened mixed Thursday as investors await Construction PMI data and retail sales reports. FTSE 100 and CAC 40 declined while DAX gained, with currencies holding stea...

Market

European Markets Show Mixed Signals in Premarket Trading Amid Key Economic Data Releases

Michael Lee 04 Sep, 2025

European markets showed mixed performance in premarket trading with focus on PMI data from Germany, UK and Eurozone. DAX down 0.19% while Euro Stoxx 50 gained 0.25%. Key economic r...

Business

Samsung Unveils Galaxy Tab S11 Series: Smarter DeX and AI Transform Productivity

Michael Lee 04 Sep, 2025

Samsung launched the Galaxy Tab S11 series with AI enhancements and improved DeX for multitasking. Prices start at $799.99, featuring a 3nm processor, redesigned S Pen, and dual-sc...

Business

Samsung Galaxy S25 FE Unveiled: AI-Powered Smartphone with Gemini Live Integration

Jessica Bennett 04 Sep, 2025

Samsung launches Galaxy S25 FE featuring AI capabilities, 4900mAh battery, enhanced camera, and Gemini Live integration. Available September 4 with six months Google AI Pro plan.

Market

Wall Street Futures Edge Higher as Investors Await Crucial Jobs Data Release

Jessica Bennett 04 Sep, 2025

Wall Street futures show modest gains ahead of Thursday's opening as investors await key employment data including ADP report, jobless claims, and PMI releases. Major indices show ...

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