Economy News

Economy

South Korea's Exports Dip 4.3% in Early August Amid Global Trade Tensions and Tariff Uncertainties

South Korea's exports dropped by 4.3% in early August, with significant decreases to the US and China, amid global trade tensions. However, the daily export average rose by 9.3%, a...

Economy

South Korea's Deputy Prime Minister Unveils Bold Fiscal Strategy to Moody's for Ultra-Innovation Economy

Deputy Prime Minister Koo Yun-cheol presents South Korea's fiscal strategy to Moody's, aiming for an ultra-innovation economy through strategic industries and U.S. cooperation, ens...

Economy

South Korea and Vietnam Forge Stronger Ties in Trade and Technology for a $150 Billion Future

South Korea and Vietnam aim to boost their trade to $150 billion by 2030, focusing on future industries like AI and nuclear power. President Lee Jae-myung emphasizes the strategic ...

Economy

Italy's Inflation Holds Steady at 1.7% in July: What Does It Mean for the Economy?

Italy's inflation rate remained unchanged at 1.7% in July, with the CPI rising 0.4% monthly. Core inflation hit 2%, while HICP showed mixed trends, reflecting the nuanced state of ...

Economy

Italy's Trade Surplus Dips to €5.4 Billion in June: A Closer Look at the Numbers

Italy's trade surplus in June stood at €5.4 billion, a decrease from May but an increase from June 2024. Excluding energy, the surplus reached €9.3 billion. Exports and imports bot...

Economy

Brazil Challenges US Tariffs at WTO: A Deep Dive into the Trade Dispute

Brazil has officially filed for dispute consultations with the United States at the WTO over newly announced tariffs, arguing they violate international trade agreements. The dispu...

Economy

Korea and Vietnam Set Ambitious $150 Billion Trade Target by 2030, Strengthening Strategic Ties

President Lee Jae-myung and Vietnamese Party General Secretary To Lam have set a $150 billion trade goal by 2030, strengthening their comprehensive strategic partnership through en...

Economy

Hong Kong Ranks 8th Globally as a Smart City, Surpassing Singapore and Seoul in Innovation

Hong Kong ranks 8th globally in the ISUI Smart City Index 2025, showcasing its strengths in environmental sustainability, digital economy, and governance. The city outperforms Sing...