Trump's Universal Tariff Plan: A New Era for U.S. Trade Policy
Experts predict the Trump administration will soon implement universal tariffs, impacting trade relations with South Korea and potentially affecting companies in Mexico, Canada, an...
Economy News
EU Stands Firm: Ready to Respond Proportionately to Trump's Tariff Threats
The European Union, represented by Valdis Dombrovskis, has declared its readiness to respond in a proportionate manner to any tariffs imposed by US President Donald Trump. Emphasiz...
Japan's Ramen Crisis: Record Closures as Soaring Costs Challenge the Beloved Noodle Soup
Japan's ramen shops face record closures due to soaring costs of ingredients and energy, challenging the affordability of this beloved dish. Despite price hikes, the industry strug...
South Korea Plans KDB Fund to Boost High-Tech Industries and Economic Growth
South Korea's Financial Services Commission announces a new KDB fund to support high-tech industries and local real estate markets, aiming to boost economic growth and industrial c...
Vietnam's Durian Export Crisis: Facing Heavy Losses Amid China's New Import Regulations
Vietnamese durian exporters face significant losses due to China's new import regulations requiring Auramine O testing. Companies are recalling shipments and selling at lower price...
Bank of Israel Predicts Early 2025 CPI Surge Amid Economic Challenges
Bank of Israel Governor Amir Yaron forecasts a CPI rise in early 2025 due to higher demand and tax changes, with current inflation at 3.2%. Despite challenges, he expects economic ...
WTO Director-General Advocates for Decentralized Supply Chains for Economic Resilience
WTO Director-General Ngozi Okonjo-Iweala calls for the decentralization of supply chains to enhance economic resilience and job creation, while also emphasizing the transformative ...
EU's Energy Independence: Breaking Free from Russian Gas Blackmail
European Commission President Ursula von der Leyen discusses the EU's rapid reduction in Russian energy dependency, highlighting the shift towards clean energy solutions and infras...
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