Economy News

Economy

Breaking News: Klaus Schwab Resigns as WEF Chair, Marks End of an Era

Klaus Schwab, founder of the World Economic Forum, steps down as chair at 88, with Vice Chairman Peter Brabeck-Letmathe taking interim leadership. A search committee will find a pe...

Economy

Klaus Schwab Announces Immediate Resignation as WEF Chair at 88

Klaus Schwab, at 88, resigns as WEF Chair, with Peter Brabeck-Letmathe stepping in as interim. A search for a new chair begins, marking a pivotal change for the forum.

Economy

ECB's Kazaks Warns: Rising Eurozone Recession Risks Amid Trump's Trade Wars

ECB's Martins Kazaks warns of increasing recession risks in the eurozone due to Trump's trade wars, highlighting global economic uncertainty and emerging downside risks despite mod...

Economy

South Korea's Manufacturing Sector Faces Bleak Future in May, Semiconductors Shine as Lone Exception

South Korea's manufacturing sector, excluding semiconductors, is expected to face significant declines in May, with key indicators like production, domestic demand, and exports fal...

Economy

Trump Calls for End to Decades of Unfair Foreign Trade Practices, Targets EU and Japan

President Donald Trump criticizes decades of unfair foreign trade practices, targeting the EU and Japan, and outlines eight forms of non-tariff cheating affecting U.S. interests.

Economy

High-Stakes Korea-U.S. 2+2 Tariff Negotiations in Washington: What to Expect

South Korea and the U.S. are set for high-level '2+2' tariff talks in Washington, with potential discussions on lowering tariffs, defense costs, and strategic cooperation in shipbu...

Economy

Malaysian NGO Supports Crackdown on Illegal Durian Farms: Over 1,000 Trees Cut Down Sparks Debate

A Malaysian NGO supports the crackdown on illegal durian farms, leading to over 1,000 trees being cut down. The operation has sparked a debate between conservation efforts and the ...

Economy

Indonesia Braces for Massive Job Losses: Up to 50,000 Workers at Risk Due to US Tariffs

Indonesia faces potential layoffs of up to 50,000 workers due to US tariffs, with the government urgently seeking solutions to protect its labor-intensive industries and exploring ...