Economy News

Economy

South Korean Manufacturing Sector Struggles: Over 80% Report Growth Limits Amid Economic Uncertainty

Over 80% of South Korean manufacturing companies report their main products have reached growth limits, with many hesitant to explore new ventures due to financial and market uncer...

Economy

Trump Imposes Steep Tariffs on 69 Countries, Including a 35% Hike on Canadian Goods Amid Trade Tensions

President Trump has escalated trade tensions by imposing steep tariffs on 69 countries, including a significant 35% hike on Canadian goods, citing trade imbalances and national sec...

Economy

U.S. Tariff Rates Hit 91-Year Peak, Sparking Fears of Consumer Price Surge and Economic Ripple Effects

The U.S. tariff rates have surged to an 18.3% average, the highest in 91 years, causing significant price increases in clothing and textiles, and prompting companies to pass costs ...

Economy

How 'MASGA' Hats Played a Pivotal Role in Korea-U.S. Shipbuilding Negotiations Success

The Korean government's strategic use of 'MASGA' hats in Korea-U.S. tariff negotiations highlighted the shipbuilding sector's importance, leading to a $150 billion cooperation fund...

Economy

ECB's Patsalides Highlights Eurozone's Resilience Amid Global Uncertainties

ECB's Christodoulos Patsalides discusses the resilience of the Eurozone economy amidst global uncertainties, highlighting the impact of trade tensions and the stability of inflatio...

Economy

OPEC+ Announces Significant Oil Production Increase of 548,000 bpd Starting September

OPEC+ has agreed to increase oil production by 548,000 bpd from September, aiming to adjust global supply and ensure market stability. The decision reflects the group's adaptive st...

Economy

Korea and U.S. Unite for $150 Billion MASGA Project to Revolutionize Shipbuilding Industry

Korea and the U.S. have agreed on a $150 billion shipbuilding cooperation fund, forming a task force to ensure the success of the MASGA project. This initiative aims to strengthen ...

Economy

The Digital Divide: How Vietnam's E-commerce Surge is Squeezing Out Small Vendors

Vietnam's e-commerce market is booming, but small vendors are struggling to keep up due to fierce competition, high marketing costs, and rising platform fees. While the market cont...