Economy News

Economy

Drastic Increase in Traffic Fines: What Drivers Need to Know for 2024

In 2024, traffic fines in Vietnam will see a significant increase, with penalties for running red lights nearly tripling to $800. This move is part of a broader effort to deter tra...

Economy

Hanoi Sets Ambitious Goal: 169,000 New Jobs by 2025 to Boost Economy

Hanoi aims to create 169,000 new jobs by 2025 through comprehensive policies and solutions. The city plans to ensure social welfare, develop the labor market, and strengthen the wo...

Economy

South Korea's Economy Struggles as Production Index Drops for Third Month

South Korea's production index falls for the third consecutive month due to strikes and industry sluggishness, marking the longest decline in construction investment history. Econo...

Economy

China's Manufacturing PMI Slightly Dips to 50.1 in December: A Detailed Insight

China's manufacturing PMI slightly decreased to 50.1 in December, while the non-manufacturing PMI improved to 52.2. The composite PMI also rose, indicating a positive economic tren...

Economy

November Sees a 2.2% Surge in US New Home Sales: What's Driving the Market?

US new home sales experienced a 2.2% increase in November, signaling potential growth in consumer confidence and the housing market. Analysts are closely monitoring this trend for ...

Economy

ECB's Stournaras Advocates for Gradual Rate Cuts to Boost Eurozone Economy

Yannis Stournaras of the ECB recommends gradual interest rate cuts to stimulate Eurozone growth, noting inflation trends and GDP concerns.

Economy

Political Unrest in Korea Threatens Economic Stability, Warns BOK Governor

Bank of Korea Governor Rhee Chang-yong warns that ongoing political instability could severely impact Korea's economy, emphasizing the need for swift political stabilization amidst...

Economy

ECB's Knot Raises Alarm Over Escalating Trade War Tensions

Klaas Knot of the ECB warns of a potential global trade war due to US-China tensions, highlighting risks of deflation in Europe from cheap Chinese goods and challenges to inflation...