Economy News

Economy

Global Trade Uncertainty Steepens UK Yield Curve, Says Bank of England Governor Andrew Bailey

Bank of England Governor Andrew Bailey discusses the alignment of the UK's yield curve with global trends, attributing steepening curves to trade policy uncertainty and its broader...

Economy

South Korea and U.S. Set for Crucial '2+2' Tariff Negotiations on July 25 Amid Trade Tensions

South Korea and the U.S. are preparing for a critical '2+2' tariff meeting on July 25, with high-level officials from both sides discussing trade strategies to protect national int...

Economy

Korean Companies Optimistic for H2: Survey Reveals Positive Outlook Amid Global Uncertainties

A survey by the Federation of Korean Industries shows most companies expect stable or improved business conditions in the second half of 2025, despite global uncertainties. Key cha...

Economy

Fitch Downgrades Outlook for 25% of US Sectors Amid Economic Uncertainty and Rising Deficits

Fitch Ratings downgrades the outlook for 25% of US sectors to 'deteriorating' due to economic uncertainty and rising deficits, with government debt projected to hit 135% of GDP by ...

Economy

Trump's Megabill Sparks Debate: $3.4T Deficit Surge and Health Coverage Cuts Loom

The CBO reports Trump's megabill will increase the federal deficit by $3.4 trillion and reduce health coverage for 10 million Americans, with tax cuts and Medicaid reductions being...

Economy

Bessent Emphasizes Deal Quality Over Speed in US Trade Negotiations

US Treasury Secretary Scott Bessent stresses the importance of quality over speed in trade negotiations, noting progress with the EU and avoiding comments on potential tariffs.

Economy

Bessent Urges Comprehensive Review of Federal Reserve Amid Trump Administration Scrutiny

US Treasury Secretary Scott Bessent advocates for a comprehensive review of the Federal Reserve by the Trump administration, amidst discussions on interest rates and Fed leadership...

Economy

Vietnam's Electric Bike Revolution: How Cities Are Banning Gasoline Motorbikes for a Greener Future

Vietnam is transitioning towards electric vehicles with Hanoi and HCMC leading the way by banning gasoline motorbikes in key areas. This shift is fostering growth in the electric b...