Economy News

Economy

UK Job Market Shifts: Unemployment Climbs to 4.7% as Employment and Earnings Show Mixed Signals

The UK's unemployment rate increased to 4.7% in the three months to May, with the employment rate rising to 75.2% and economic inactivity falling to 21%. Job vacancies decreased by...

Economy

Eurozone Inflation Climbs to 2% in June: A Closer Look at the Rising Costs

Eurozone's inflation rate edged up to 2% in June, driven by higher prices in the services sector and food, alcohol, and tobacco. Energy prices continued to decline but at a slower ...

Economy

Singapore Tops Global Rankings as the Priciest City for the Wealthy in 2025

Singapore has been named the most expensive city for the wealthy in 2025, leading in luxury item prices and experiencing significant cost increases in various sectors. The Global W...

Economy

Trump Announces Historic $92 Billion Investment in AI and Energy to Fuel America's Future

President Trump announces a $92 billion investment in AI and energy in Pennsylvania, marking the largest private investment in the state's history. The plan includes significant co...

Economy

U.S. Demands Korea for a $400 Billion Investment Fund to Revitalize American Manufacturing

The U.S. has demanded Korea to create a $400 billion investment fund for American manufacturing, raising concerns over Korea's capacity and the potential impact on its own manufact...

Economy

South Korea Eyes Doubling U.S. LNG Imports Amid Trade Talks and Strategic Energy Partnerships

South Korea is considering doubling its U.S. LNG imports to address trade deficits, amid ongoing negotiations and U.S. demands for broader economic cooperation. This strategic move...

Economy

Unexpected Rise in Australia's Unemployment Rate to 4.3% in June Sparks Economic Concerns

Australia's unemployment rate unexpectedly rose to 4.3% in June, with a mixed performance in job creation. Full-time employment declined, while part-time jobs increased, and the nu...

Economy

Japan Swings to a Stunning ¥153.1B Trade Surplus in June, Marking a Dramatic Turnaround

Japan reported a significant trade surplus of ¥153.1 billion in June, reversing the previous month's deficit. Exports saw a minor decrease, while imports slightly increased, highli...