Economy News

Economy

Switzerland's Industrial Sector Booms: An 8.5% Surge in Q1 2025 Signals Strong Growth

Switzerland's industrial production increased by 8.5% in Q1 2025, with the secondary sector growing by 7.1%. Construction output declined by 3.7%, but building construction and civ...

Economy

ECB's Villeroy Debunks Currency War Fears Amid Rising Trade Tensions in Eurozone

ECB's Francois Villeroy de Galhau clarifies that the eurozone's economic volatility stems from trade tensions, not a currency war, emphasizing no intentional currency manipulation ...

Economy

Vietnamese Farmers Face Crisis as Australian Mango Prices Plummet to 20 Cents/kg Amid China's Reduced Demand

Vietnamese mango farmers are in crisis as prices for Australian mangoes plummet to 20-30 cents/kg due to China's reduced demand. Efforts to boost domestic sales and processing are ...

Economy

South Korea's Economy Under 'Increasing' Pressure: Exports and Domestic Demand Decline

South Korea faces increasing economic pressure with exports slowing due to trade uncertainties and domestic demand dropping. The government plans a significant extra budget to addr...

Economy

Japan's Industrial Output Sees Modest Growth in March, Signaling Economic Resilience

Japan's industrial production index saw a modest 0.2% increase in March, reaching 102.4, with a 1% rise year-on-year. Shipments declined, while inventories showed mixed results, hi...

Economy

Historic $1.2 Trillion Deal: Trump and Qatar Forge Unprecedented Economic and Security Partnership

President Donald Trump has finalized a $1.2 trillion economic and security package with Qatar, featuring a historic Boeing deal, energy collaborations, and enhanced defense and sec...

Economy

Global Oil Prices Plummet: A Three-Month Streak of Declining Import Prices Shakes Markets

The international oil price has fallen by over 6% in a month, leading to a third consecutive month of declining import prices. Key sectors affected include raw materials and interm...

Economy

US Eyes Expansion of Export Blacklist to Include Major Chinese Tech Firms Amid Rising Tensions

The US Commerce Department is considering adding more Chinese tech firms, including ChangXin Memory, to its export blacklist, which could restrict their access to US technology and...