Economy News

Economy

Rachel Reeves Stands Firm: Fiscal Rules Essential for UK's Economic Stability and Public Trust

British Chancellor Rachel Reeves emphasizes the importance of fiscal responsibility and public trust in the UK's economic strategy, highlighting global economic uncertainties and t...

Economy

Rachel Reeves Unveils Bold Planning Reforms: A £3.4B Boost to GDP and Public Services by 2030

Chancellor Rachel Reeves introduces planning reforms aimed at boosting the UK's GDP by 0.4% and generating £3.4 billion for public services by 2030, as assessed by the OBR.

Economy

US Mortgage Applications Dip 2% Amid Fluctuating Interest Rates and Housing Market Shifts

Mortgage applications in the U.S. fell by 2% last week, with a slight decrease in interest rates. The Purchase Index rose by 1%, while refinancing dropped by 5%. Experts link the i...

Economy

Thai Durian Prices Set to Plummet as Eastern Provinces Gear Up for a Bumper Harvest

Thailand's durian supply is expected to rise by 20%, leading to lower prices and better quality for consumers. The main harvest begins next month, with production projected to surg...

Economy

UK Inflation Dips Unexpectedly to 2.8% in February, Beating Analyst Predictions

The UK's annual inflation rate unexpectedly fell to 2.8% in February, below analysts' expectations and down from 3% in January, with consumer prices rising 0.4% monthly and CPIH in...

Economy

South Korea Embraces Active Fiscal Policy Amid Economic Slump to Revive Growth and Competitiveness

South Korea shifts to an active fiscal policy to combat economic slowdown, focusing on growth through strategic investments in technology and social safety nets, amid global econom...

Economy

Australia's Inflation Rate Unexpectedly Dips to 2.4% in February, Signaling Economic Shifts

Australia's inflation rate unexpectedly fell to 2.4% in February, with core measures also showing a decline, indicating potential shifts in the economic landscape. This development...

Economy

Significant Drop in US Oil Inventories: A 4.6M Barrel Decrease Sparks Market Interest

The American Petroleum Institute reports a 4.6 million barrel decrease in US crude oil inventories for the week ending March 25, alongside declines in distillates, gasoline stockpi...