Economy News

Economy

ECB's Fourth Rate Cut: A Strategic Move Amid Economic Uncertainties

The ECB is expected to cut rates for the fourth time this year, reflecting ongoing efforts to stabilize the European economy amidst weak growth and uncertainties. Officials advocat...

Economy

Australia's Central Bank Maintains Steady Rates Amid Softer Tone

The Reserve Bank of Australia (RBA) keeps interest rates steady while adopting a softer tone in its policy statement, omitting previous cautionary notes and emphasizing confidence ...

Economy

Elon Musk Advocates for Reevaluation of Tax Benefits for NGOs

Elon Musk recently suggested that the tax benefits for nonprofit NGOs should be reconsidered, responding to criticism of the sector's growth. He supported revisiting current nonpro...

Economy

EU Government Deficits to Narrow Slightly: Dombrovskis Highlights Debt Challenges

Valdis Dombrovskis from the European Commission discusses the forecasted slight narrowing of EU government deficits while warning of rising debt ratios. He stresses the need for gr...

Economy

Political Crisis Threatens to Prolong Korean Won Instability, Says BOK Governor

Bank of Korea Governor Rhee Chang-yong states that the Korean won is unlikely to stabilize soon due to the ongoing political crisis. Financial authorities pledge to mobilize resour...

Economy

Small Business Optimism Reaches Peak: Insights from NFIB November Report

NFIB reports small business optimism reached its highest point since June 2021 in November, with a surge in owners expecting economic improvement and considering expansion.

Economy

EIA Lowers 2025 Oil Price Forecasts: What's Driving the Change?

The EIA has lowered its 2025 forecasts for Brent and WTI oil prices, citing potential inventory buildup. Brent is now expected to average $73.58 per barrel, and WTI $69.12 per barr...

Economy

US Crude Oil Inventories Rise Slightly Less Than Expected

US crude oil inventories increased by 499,000 barrels, slightly less than expected, according to API data. Cushing reserves declined, while gasoline and distillate reserves rose.