Economy News

Economy

South Korea Boosts Export Insurance to Support Defense and SMEs Amid K-Defense Surge

South Korea's government increases trade insurance limit by 10 trillion won to support defense industry and SMEs. This move aims to bolster export capabilities amidst a surge in th...

Economy

ECB's Lagarde Casts Doubt on 50 Bps Rate Cut in January

ECB President Christine Lagarde doubts a 50 bps rate cut in January, stating her position could change based on future data and assessments. She emphasized the need for clarity on ...

Economy

NATO Secretary General Urges Wartime Mindset Amid Global Security Crisis

NATO Secretary General Mark Rutte calls for a wartime mindset, accelerating defense production, and bolstering collective resolve amid the worst global security situation in his li...

Economy

US Producer Prices Surge by 0.4% in November: Key Insights

The US Producer Price Index (PPI) increased by 0.4% in November, marking a 3% rise over the past 12 months. The index for final demand services and goods also saw notable increases...

Economy

US Jobless Claims Surge: A Closer Look at the Latest Employment Data

The Department of Labor reports a significant increase in US initial jobless claims, reaching 242,000 and surpassing analysts' forecasts. The four-week moving average also climbed,...

Economy

ECB Cuts Interest Rates Again: A Bold Move to Tame Inflation

The ECB has announced another 25 basis points cut in key interest rates for the third consecutive meeting, lowering them to 3.00%, 3.15%, and 3.40%. This move aims to bring inflati...

Economy

Slowdown in Economic Recovery: Lagarde's Latest Insights on Eurozone Growth

ECB President Christine Lagarde reports a slowdown in Eurozone economic growth for the current quarter, differing from September's estimate. The bank projects 0.7% growth in 2024.

Economy

Christine Lagarde Confirms ECB's Commitment to Achieving 2% Inflation Target

European Central Bank President Christine Lagarde reaffirms the bank's commitment to reaching a 2% inflation target during a recent press conference.