Economy News

Economy

Korea Challenges U.S. Over $350 Billion Investment Profit Claims, Vows No More Tariff Talks on Rice and Beef

Korea's Minister of Trade refutes U.S. claims on profit shares from a $350 billion investment, stating negotiations are ongoing. The government sees the deal as a chance for new bu...

Economy

South Korea's 30 Trillion Won Fiscal Injection Yields Mere 0.1% Growth Boost Amid Structural Challenges

South Korea's 30 trillion won fiscal injection has minimally boosted growth by 0.1%, amidst structural challenges and a declining potential growth rate. The government plans mega i...

Economy

Asian Exports to the U.S. Set for Dramatic Drop: What's Behind the Sudden Shift?

Trade analysts predict a sharp decline in Asian exports to the U.S. due to the end of the pre-order effect and new tariffs, with potential drops of 20-30% by early next year. Exper...

Economy

UK's Private Sector Growth Cools in July Amid Global Economic Uncertainties

The UK's private sector growth slowed in July, with PMI indices showing a slight decline due to reduced new work and employment. The services sector also saw a downturn, impacted b...

Economy

Germany's Private Sector Shows Promising Growth: July Composite PMI Hits Four-Month High

Germany's private sector activity showed signs of recovery in July, with the Composite PMI Output Index revised to 50.6, indicating a four-month high. The Services PMI also improve...

Economy

Spain's Industrial Sector Shows Promising Growth with a 1% Increase in Production This June

Spanish industrial production increased by 1% in June, with energy and capital goods leading the growth. The industrial production index rose by 2.3% year-on-year, indicating a ste...

Economy

Surprising 3.8% Surge in French Industrial Output in June Defies Expectations

French industrial production unexpectedly rose by 3.8% in June, driven by significant growth in petroleum products and transport equipment, despite a slight annual decline.

Economy

Eurozone Services Sector Hits 4-Month Peak in July, Signaling Economic Resilience

The Eurozone's services sector activity reached a four-month high in July, with PMI indices showing growth. Inflation trends suggest potential ECB rate cuts, despite concerns over ...