Economy News

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...

Economy

Malaysian Government Announces $24 Cash Aid for Adults to Celebrate National Day

Malaysian Prime Minister Anwar Ibrahim announces a $24 cash aid for adults to celebrate National Day, usable at over 4,100 stores for essential goods, benefiting 22 million citizen...

Economy

South Korea Unveils Massive $100 Billion Investment Plan to Strengthen Trade Ties with the U.S.

South Korea proposes a $100 billion investment plan in trade talks with the U.S., involving major corporations like Samsung and Hyundai, to negotiate lower tariffs and strengthen e...