Economy News

Economy

Eurozone Industrial Production Surges: A 1.7% Rise in May Signals Economic Momentum

In May, the Eurozone's industrial production rose by 1.7%, signaling economic momentum. The EU also saw a 1.5% increase. Annual growth was notable in non-durable consumer goods, wi...

Economy

Seoul's Luxury Apartment Market Sees 74% Drop in High-Price Transactions Amid New Loan Regulations

Seoul's luxury apartment market experiences a 74% plunge in high-price transactions after new loan regulations cap mortgages at 600 million won, affecting districts like Seongdong-...

Economy

Unveiling the Top 5 College Majors Facing the Highest Unemployment Rates in the US

Anthropology tops the list of college majors with the highest unemployment rates at 9.4%, followed by physics and computer engineering. Despite high unemployment, tech-related fiel...

Economy

EU Forges New Trade Partnerships as Tensions with U.S. Over Tariffs Escalate

The EU is forming new trade alliances with countries like Canada, Japan, and India in response to U.S. tariff policies, signaling a potential shift in global trade dynamics. Effort...

Economy

China's Economic Surge: A 5.2% GDP Growth in Q2 2025 Signals Robust Recovery

China's GDP growth hits 5.2% in Q2 2025, with the economy expanding by 1.1% quarterly. The primary, secondary, and tertiary industries all show robust growth, highlighting China's ...

Economy

China's Industrial Sector Surges: A 6.8% Yearly Growth in June Signals Robust Economic Momentum

China's industrial production grew by 6.8% year on year in June, with equipment and high-tech manufacturing sectors leading the charge. The first half of the year saw a 6.4% increa...

Economy

China's Retail Sales Growth Slows to 4.8% in June, Falling Short of Expectations

China's retail sales grew by 4.8% in June, missing expectations and showing a slowdown from May's 6.4% increase. Urban areas led with a 5% rise, slightly ahead of rural areas' 4.9%...

Economy

Kevin Hassett Emerges as Top Pick for Next Federal Reserve Chair Amid Trump's Push for Lower Rates

Kevin Hassett, NEC Director, is now the leading candidate for the next Federal Reserve Chair, favored by President Trump for his stance on lower interest rates, amidst tensions wit...