Economy News

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop by 7,000 to 221,000

Initial jobless claims in the US fell by 7,000 to 221,000, signaling potential strength in the job market. The 4-week moving average also decreased, though insured unemployment saw...

Economy

Fed Governor Kugler Advocates for Holding Interest Rates Steady Amid Rising Inflation and Trade Pressures

Federal Reserve Governor Adriana Kugler suggests holding interest rates steady due to low unemployment and rising inflation, influenced by trade policies. Her speech highlights the...

Economy

US Natural Gas Reserves Surge by 46 Bcf: A Closer Look at the Latest EIA Report

The US natural gas inventories have increased by 46 Bcf in the week ending July 11, as reported by the EIA. Despite a yearly decrease, current levels are above the five-year averag...

Economy

Exquisite Chinese Golden Plums Captivate Vietnamese Market at Premium $19/kg Price

Chinese golden plums, with their unique flavor and premium quality, are captivating Vietnamese buyers despite the high price of $19/kg. These plums are competing with other luxury ...

Economy

South Korea's Wealth Soars Beyond 24 Quadrillion Won, Outshining Japan for the Third Year

South Korea's national wealth exceeds 24 quadrillion won, driven by rising housing prices and overseas stock markets. Household net assets per capita surpass Japan for the third ye...

Economy

Dramatic 40% Plunge in Corporate Tax Revenue Sparks Calls for Rate Adjustments

Nominee for Minister of Economy and Finance, Gu Yoon-cheol, addresses a 40% drop in corporate tax revenue over two years, suggesting potential rate increases and strategic investme...

Economy

Chey Tae-won Advocates for a Korea-Japan Economic Community to Combat Global Protectionism

SK Group Chairman Chey Tae-won proposes a Korea-Japan economic community to tackle growth stagnation and global protectionism, suggesting a combined $6 trillion market and emphasiz...

Economy

Switzerland's Trade Surplus Hits 13.4 Billion Francs in Q2 2025 Amid Global Shifts

Switzerland reports a 13.4 billion franc trade surplus in Q2 2025, with exports to North America plummeting by 25.9% but seeing a 2% rise in Asia. June showed signs of recovery wit...