Economy News

Economy

Europe Embraces Fiscal Flexibility to Boost Defense Amid Global Tensions

Europe is set to relax fiscal rules to significantly increase defense spending, in response to global tensions and the US's shifting alliances. The EU and Germany are leading with ...

Economy

Germany's Manufacturing Sector Sees a Promising 2% Surge in January

Germany's manufacturing sector experienced a 2% increase in industrial production in January, according to the Federal Statistical Office Destatis. This growth highlights the secto...

Economy

Germany's Trade Surplus Shrinks to €16 Billion in January: A Detailed Analysis

Germany's trade surplus decreased to €16 billion in January, down from previous months, with exports and imports showing mixed trends. Exports to EU and non-EU countries declined a...

Economy

Korea and UK Set to Deepen Trade Ties with Fourth Round of FTA Enhancement Talks in London

The fourth round of Korea-UK FTA enhancement talks is set for March 10-14 in London, aiming to deepen trade relations and address emerging trade fields. Discussions will cover good...

Economy

South Korea's Economic Outlook Dims: KDI Highlights Construction Slump and Export Woes

The Korea Development Institute warns of growing economic risks in South Korea, highlighting a significant decline in construction activity and challenges in the export market, inc...

Economy

Vietnam's Bold Move: Zero Registration Fees for Electric Vehicles Until 2027 Sparks Green Revolution

Vietnam introduces a zero percent registration fee for electric vehicles until 2027, aiming to boost EV adoption, reduce carbon emissions, and support economic recovery. This polic...

Economy

UK Unveils Bold Regulatory Reforms to Boost Innovation and Draw Global Investors

The UK government is introducing regulatory reforms to accelerate innovation and attract global investors, focusing on technologies like drones, autonomous vehicles, and lab-grown ...

Economy

Japan Faces a Staggering Trade Deficit of ¥2,937 Billion in January

Japan's trade deficit on the balance of payments basis reached ¥2,937.9 billion in January, a significant shift from the previous month's surplus. Exports saw a modest increase, bu...