Economy News

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...

Economy

Fed's Williams Predicts Rising Impact of Tariffs on Inflation and Economy

Federal Reserve Bank of New York President John Williams discusses the expected increase in tariffs' impact on inflation and the economy, noting current modest effects but predicti...

Economy

Fed's Michael Barr Cautions Against Deregulation: A Warning Echoing Past Financial Crises

Federal Reserve Vice Chair Michael Barr warns against the push for bank deregulation, stressing the importance of evolving financial oversight to prevent future crises. His remarks...

Economy

Trump Considers Kevin Hassett for Fed Chair Amid Speculations Over Jerome Powell's Future

President Donald Trump suggests Kevin Hassett as a potential Federal Reserve Chair, while not dismissing the idea of replacing Jerome Powell. Trump also comments on the ease of the...

Economy

Trump Imposes 50% Tariff on Brazil in Defense of Bolsonaro Amid Coup Allegations

US President Donald Trump defends Jair Bolsonaro, calling the inquiry into an attempted coup a "witch hunt," and imposes a 50% tariff on Brazil, citing the treatment of Bolsonaro. ...