Economy News

Economy

January Sees U.S. Producer Prices Surge Beyond Forecasts, Signaling Inflationary Pressures

January's U.S. Producer Price Index rose by 0.4%, exceeding forecasts and signaling potential inflationary pressures. Core PPI also saw a significant year-over-year increase, drive...

Economy

South Korea Affirms Zero Tariff on U.S. Imports, Strengthening Trade Ties Under KORUS FTA

South Korea clarifies that the tariff rate on U.S. imports is 0%, thanks to the KORUS FTA, debunking claims of a 13.6% rate. The agreement, effective since 2012, has significantly ...

Economy

Switzerland Sees a Dip in Inflation Rate to 0.4% in January: A Closer Look

Switzerland's inflation rate fell to 0.4% in January, down from 0.6% in December, matching analyst expectations. The CPI dropped slightly due to lower prices in several sectors, wh...

Economy

Global Oil Demand to Surge by 1.1 Million Barrels Per Day by 2025, IEA Reports

The International Energy Agency forecasts a global oil demand growth of 1.1 million barrels per day by 2025, with China, India, and Other Asia leading the increase. Global supply i...

Economy

ECB Stays Firm on 2% Inflation Goal Amid Economic Shifts: A 2025 Outlook

The European Central Bank (ECB) reaffirms its commitment to a 2% inflation target for the Eurozone, with future monetary policy decisions to be based on economic data and inflation...

Economy

Eurozone Faces Industrial Downturn: December Sees a 1.1% Drop in Production

The Eurozone's industrial production fell by 1.1% in December, with significant drops in intermediate goods, durable consumer goods, and capital goods. The EU saw a similar trend, ...

Economy

January Sees a Surprising 0.4% Surge in US Producer Prices, Exceeding Expectations

The US Producer Price Index rose by 0.4% in January, exceeding expectations. Over the past year, the index increased by 3.5%, with significant rises in both services and goods sect...

Economy

US Job Market Strengthens: Initial Jobless Claims Drop to 213,000

The US Department of Labor reported a decrease in initial jobless claims to 213,000 for the week ending February 8, indicating a strong job market. The insured unemployment rate re...