Economy News

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...

Economy

Trump Administration Eyes Federal Reserve Renovation Amid Tensions with Powell

The Trump administration plans to inspect the Federal Reserve's $2.5 billion renovation, with potential implications for Fed Chair Jerome Powell amid existing tensions over monetar...

Economy

Mid-July Sees a 2.2% Dip in Exports: Semiconductor Gains Offset by Overall Decline

Mid-July exports fell by 2.2%, with semiconductor gains overshadowed by overall declines. Exports to the U.S. dropped 2.1%, while imports decreased more sharply, resulting in a $50...