UK Retail Sales Surge in November: What's Behind the 0.5% Growth?
UK retail sales volumes rose 0.5% year-over-year in November, with month-on-month growth of 0.2%. Non-food and food store sales increased, while online sales dropped by 4.3%.
Economy News
Trump Urges Congress to Abolish or Extend Debt Ceiling to Secure Spending Deal
President-elect Donald Trump calls on Congress to abolish or extend the debt ceiling until 2029 to secure a government spending agreement, amidst House's failure to pass a new fund...
Record Low Start-ups in Q3: Small Business Owners Face Tough Times
The number of start-ups, particularly those led by small business owners, hit a record low in Q3 due to economic downturn and waning interest in new ventures. This decline is parti...
South Korea Unveils Bold Measures to Strengthen Dollar Liquidity and Boost Export Financing
South Korea is expanding banks' forward exchange position limits by 50% and easing foreign currency loan regulations to improve foreign exchange liquidity and support exporting com...
China's Central Bank Maintains Steady Key Interest Rates: What's the Impact?
The People's Bank of China (PBoC) has maintained its key interest rates, with the one-year Loan Prime Rate (LPR) at 3.1% and the five-year LPR at 3.6%, aligning with analysts' expe...
China's Billionaires See First Wealth Growth in Four Years
China's top billionaires have seen their combined wealth grow by 16% to US$809.6 billion, marking the first growth in four years. Key gainers include Pony Ma and Lei Jun, while the...
Japan's Inflation Surges to 2.9%: What's Driving the Increase?
Japan's annual inflation rate rose to 2.9% in November, up from 2.3% in October, according to the Statistics Bureau of Japan. The consumer price index excluding fresh food and ener...
IMF Endorses US Rate Cut Amid Economic Challenges and Supports Syria's Recovery
The IMF supports the Federal Reserve's interest rate cut, citing appropriate measures amid economic challenges. It also discusses its commitment to Syria's recovery and a $1.1 bill...
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