Economy News

Economy

Eurozone Manufacturing Activity Hits 36-Month High in July, Signaling Cautious Optimism

Eurozone manufacturing activity saw a slight improvement in July, hitting a 36-month high, with the PMI rising to 49.8. Smaller economies like Spain and the Netherlands are leading...

Economy

Italy's Retail Sector Sees a Promising Uptick: June Sales Rise by 0.6%

Italy's retail sales grew by 0.6% in June, with food sales up by 1.4% month-over-month. Large-scale distribution and e-commerce saw significant growth, while small businesses exper...

Economy

Switzerland Voices Strong Opposition to Unexpected 39% US Tariffs on Swiss Exports

Switzerland criticizes the US's sudden imposition of a 39% tariff on its exports, diverging from prior agreements. The move, affecting watchmakers and more, has prompted calls for ...

Economy

UK Manufacturing Sector Shows Signs of Recovery as PMI Hits Six-Month High in July

The UK's manufacturing sector showed signs of recovery in July with PMI reaching a six-month high, though still in contraction. Consumer and intermediate goods sectors returned to ...

Economy

Eurozone Inflation Holds Steady at 2% in July, Defying Analyst Predictions

Eurozone's inflation rate remained unchanged at 2% in July, consistent with June's figures and slightly above analyst predictions. Core inflation stayed at 2.3%, with services infl...

Economy

Vietnamese Lychee Exports Skyrocket: A $35M Surge in June Driven by Global Demand

Vietnam's lychee exports experienced a remarkable surge in June, reaching $35 million, driven by global demand. With China leading the imports, markets worldwide are embracing Viet...

Economy

Vietnamese E-Commerce Booms: $7.8B Spent Online in First Half, Signaling Strong Market Recovery

Vietnamese consumers spent $7.8B online in H1, with imported goods sales up 7%. Market trends show a preference for large sellers, and consumers are becoming more selective. E-comm...

Economy

Trump Administration Enforces Reciprocal Tariffs Starting August 1, Custom Agreements Shape Rates

The White House has announced the enforcement of reciprocal tariffs from August 1, with rates varying based on existing trade agreements. Countries like South Korea face a 15% tari...