Economy News

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...

Economy

Trump Reveals Strategy: Countries Like Japan Can Lower Tariffs Through Significant U.S. Investments

President Trump suggests countries can lower U.S. tariffs by investing heavily in the U.S., using Japan's $550 billion 'signing bonus' as an example. He details the negotiation pro...

Economy

Tokyo's Inflation Rate Dips Slightly: A Closer Look at July's Economic Trends

Tokyo's Ku-area experiences a slight decrease in annual inflation rate to 2.9% in July, down from 3.1% in June, with CPI excluding fresh food and energy remaining stable at 3.1%. T...