Economy News

Economy

Thailand's Auto Industry Faces a 10% Sales Slump Amid Economic Challenges

Thailand's auto sales have dropped by 10%, with major brands like Toyota, Isuzu, and BYD experiencing significant declines. Economic recovery challenges, high household debt, and t...

Economy

Escalating U.S.-EU Trade Tensions: Trump Stands Firm on Tariffs Amid Global Backlash

U.S. President Donald Trump's firm stance on tariffs against the EU has escalated global trade tensions, with retaliatory measures from Canada and the EU. Amidst diplomatic challen...

Economy

Korea Faces Growing Asset Inequality Crisis: MPC Member Urges Action

Jang Yong-seong of the Bank of Korea's MPC warns of worsening asset inequality in South Korea, overshadowing improvements in income disparity. Highlighting real estate as a key are...

Economy

March Sees a Sharp Decline in US Consumer Confidence, Hitting New Lows

US consumer confidence experienced a significant drop in March, reaching its lowest since November 2022, with inflation expectations on the rise, according to the University of Mic...

Economy

South Korea Tightens Steel Import Rules to Combat Chinese Dumping Tactics

South Korea is enhancing its steel import regulations to prevent Chinese dumping, focusing on stricter origin verification to protect its domestic industry amidst global trade tens...

Economy

US Commerce Secretary Advocates for Auto Tariffs as a Fair Trade Measure

US Commerce Secretary Howard Lutnick discusses the importance of auto tariffs for protecting domestic manufacturing and sustaining economic growth. With tariffs on EU imports set t...

Economy

ECB's Holzmann Advocates for Interest Rate Stability in April Amid Global Uncertainties

ECB's Robert Holzmann suggests pausing interest rate cuts in April, citing a neutral monetary policy stance and potential inflation risks from global political developments. Update...

Economy

UK Chancellor Rachel Reeves Addresses Global Changes and Economic Challenges

UK Chancellor Rachel Reeves discusses the global changes affecting the world and the UK's response, including economic reforms and increased defence spending, following a 0.1% GDP ...