Economy News

Economy

UK Inflation Dips Slightly to 2.5% in December, Defying Analyst Predictions

The UK's annual inflation rate slightly decreased to 2.5% in December, down from 2.6% in November, and below analysts' expectations. This development, reported by the UK Office for...

Economy

China Raises Concerns Over Contaminated Durian and Jackfruit Imports from Vietnam

China has raised concerns over contaminated durian and jackfruit imports from Vietnam, prompting increased inspections and calls for stricter oversight. Vietnam faces challenges in...

Economy

December Marks a Turning Point: Employment Sees First Decline in Nearly Four Years

December saw a decline in employment for the first time in nearly four years, with a decrease of 52,000 employed individuals compared to the previous year. Despite this, the employ...

Economy

Surge in Won-Dollar Exchange Rate Sparks 2.4% Hike in December Import Prices

The won-dollar exchange rate surge, influenced by political turmoil and martial law, has led to a 2.4% increase in December import prices. This trend, coupled with rising oil price...

Economy

Eurozone's Economic Revival: A 2025 Outlook by ECB's Philip Lane

ECB's Philip Lane forecasts a stronger Eurozone economic recovery by 2025, driven by investment momentum, robust employment, and rising wages, with inflation expected to stabilize,...

Economy

Unexpected Drop: US Oil Inventories Decrease by 2.6M Barrels, Signaling Market Shifts

US crude oil inventories unexpectedly dropped by 2.6 million barrels last week, while distillate and gasoline stockpiles saw significant increases. Cushing, Oklahoma's reserves als...

Economy

Donald Trump Plans to Revolutionize Trade with New External Revenue Service for Tariffs

Former U.S. President Donald Trump announces a plan to establish an external revenue service to collect tariffs and duties from foreign sources, aiming to shift U.S. trade policy t...

Economy

December Sees a 0.2% Rise in US Producer Prices, Falling Short of Expectations

The US Producer Price Index increased by 0.2% in December, missing analysts' expectations. Over the past year, the index rose by 3.3%, with final demand goods prices climbing by 0....