Economy News

Economy

Korea and U.S. Strengthen Ties: Ministers Pledge to Finalize Tariff Deal by August 1

South Korea and the U.S. reaffirm their commitment to finalizing a tariff deal by August 1, focusing on manufacturing cooperation and strategic sectors like semiconductors and batt...

Economy

U.S. Cancels Key 2+2 Talks with Korea, Points to Bessent's Stockholm Visit Amid Rising Tensions

The U.S. unexpectedly cancels '2+2' trade and finance talks with South Korea, directing attention to Treasury Secretary Scott Bessent's Stockholm visit, amidst uncertainty and risi...

Economy

Strategic Dinner Between South Korea's President and Samsung Chairman to Tackle Trade Challenges

President Lee Jae-myung's private dinner with Samsung's Lee Jae-yong underscores efforts to navigate US-South Korea trade tensions, with potential implications for Samsung's US inv...

Economy

Germany's Business Climate Shows Signs of Recovery in July, Ifo Reports

Germany's business climate improved slightly in July, with the Ifo headline index rising to 88.6 from 88.4 in June. Despite this, the economic recovery is described as anemic, with...

Economy

UK Retail Sales Experience a Surprising 1.7% Growth in June, Defying Analyst Predictions

The UK's retail sales volumes grew by 1.7% in June year-over-year, slightly below expectations. Monthly sales rose by 0.9%, with automotive fuel and food stores seeing significant ...

Economy

ECB Strengthens Leadership Team: Isabel Vansteenkiste Joins as Lagarde's Principal Counsellor

The European Central Bank appoints Isabel Vansteenkiste as Christine Lagarde's Principal Counsellor, effective September 15. Vansteenkiste moves from her role as International and ...

Economy

ECB Survey Reveals Lower Inflation Expectations for 2025 and Beyond, GDP Growth Holds Steady

The European Central Bank's survey indicates a downward revision in inflation expectations for 2025 and 2026, with stable GDP growth and unemployment rates forecasted through 2027.

Economy

ECB Official Assures US Tariff Hikes Unlikely to Fuel Inflation, Highlights Euro's Role

ECB's Francois Villeroy de Galhau discusses the unlikely impact of US tariff hikes on inflation, highlighting the euro's disinflationary effect and the importance of flexible econo...