Economy News

Economy

Canada's Economy Takes a Slight Dip in May: A Closer Look at the Numbers

Canada's GDP saw a slight decline of 0.1% in May, with goods-producing industries, especially mining and oil, facing the biggest drop. Manufacturing grew by 0.7%, while services re...

Economy

Unexpected Rise in US Jobless Claims: A Closer Look at the Latest Labor Department Report

The US saw a slight increase in initial jobless claims to 218,000 for the week ending July 26, below analysts' expectations. The four-week moving average decreased, suggesting mark...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The Energy Information Administration reports a 48 Bcf increase in US natural gas inventories for the week ending July 25, with levels remaining within the five-year historical ran...

Economy

Mexico Successfully Averts US Tariff Hike as Sheinbaum Secures 90-Day Negotiation Window

Mexican President Claudia Sheinbaum announced that Mexico avoided a US tariff hike after securing a 90-day negotiation period with President Trump. The original plan included a tax...

Economy

South Korea Announces Major Tax Overhaul: Corporations, Banks, and Investors Face 8.1 Trillion Won Hike

South Korea's 2025 tax reform introduces significant increases in corporate, education, and securities transaction taxes, aiming to raise 8.1 trillion won annually. Concerns arise ...

Economy

Fed Maintains Interest Rates Amid Economic Uncertainty, Sparks Debate Among FOMC Members

The U.S. Federal Reserve has opted to keep interest rates unchanged at 4.25 to 4.50 percent, citing economic uncertainty and inflation concerns. The decision reveals divisions with...

Economy

South Korea's National Tax Revenue Soars by 21.5 Trillion Won in First Half, Signaling Economic Growth

South Korea's national tax revenue increased by 21.5 trillion won in the first half of the year, reaching 190 trillion won, driven by higher corporate and income taxes. This growth...

Economy

Korea-U.S. Trade Talks Breakthrough: MASGA Project Set to Revolutionize Shipbuilding Industry

Deputy Prime Minister Koo Yun-cheol identifies the $150 billion MASGA project as a key driver in Korea-U.S. trade talks, aiming to revitalize the U.S. shipbuilding industry through...