Economy News

Economy

U.S. to Unveil Semiconductor Tariffs in Two Weeks, Commerce Secretary Announces

U.S. Commerce Secretary Howard Lutnick announces semiconductor tariffs to be revealed in two weeks, aiming to bring production back to the U.S. and impacting global trade.

Economy

South Korea's Tax Burden Hits Eight-Year Low: A Deep Dive into Economic Shifts and Policy Reforms

South Korea's tax burden rate has hit an eight-year low at 17.6%, prompting debates on tax policies. The government plans to adjust taxation, including raising corporate taxes, ami...

Economy

EU and U.S. Strike Historic Deal: 15% Tariff on Automobiles, Exclusions for Steel and Pharmaceuticals

The EU and U.S. have agreed on a 15% tariff rate for all items, including automobiles, with exceptions for steel and pharmaceuticals. The deal includes significant EU investments i...

Economy

EU Secures $750B Energy Deal with US Over Three Years to Reduce Russian Dependence

The European Union has agreed to a $750 billion energy deal with the US, payable over three years, to reduce its dependence on Russian LNG. This deal promises more affordable energ...

Economy

EU-US Trade Deal Unveiled: 15% Tariff on Cars, Semiconductors, and Pharmaceuticals

European Commission President Ursula von der Leyen outlines the new EU-US trade deal, introducing a 15% tariff on cars, semiconductors, and pharmaceuticals, and zero tariffs on str...

Economy

Dutch Prime Minister Emphasizes the Vital Role of US-EU Trade Agreement for Global Economy

Dutch Prime Minister Dick Schoof calls the US-EU trade agreement vital for an open economy, appreciating the European Commission's efforts for businesses and consumers, while advoc...

Economy

Singapore Celebrates 60 Years: Adults Eligible for $468 in Anniversary Vouchers to Support Local Businesses

Singapore marks its 60th anniversary by offering adults $468 in SG60 vouchers to spend at local businesses, with over 915,000 seniors already claiming theirs. The initiative promot...

Economy

Turkey's Economic Outlook Brightens as Moody's Upgrades Credit Rating to Ba3

Moody's upgrades Turkey's credit rating to Ba3 from B1, citing central bank policies that ease inflation and restore confidence in the Turkish lira, marking a stable economic outlo...