Economy News

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...

Economy

Mexico's Bold Stance: Sheinbaum Unveils Contingency Plan Amid US Fentanyl and Tariff Talks

Mexican President Claudia Sheinbaum announces Mexico's readiness to implement its own plan if no agreement with the US on fentanyl and tariffs is reached by August 1, emphasizing o...

Economy

Fed's Hammack Urges Patience on Rate Cuts Amid Strong Economy and Lingering Inflation Concerns

Federal Reserve Bank of Cleveland President Beth Hammack discusses the health of the U.S. economy, inflation progress, and the debate over potential interest rate cuts among Fed of...

Economy

The High-Stakes War on Luxury Counterfeits: Brands and Authenticators Innovate to Stay Ahead

The luxury market faces a growing challenge from sophisticated counterfeits, impacting businesses, jobs, and the environment. Brands and authenticators are innovating with AI and n...

Economy

Record-Breaking Tariff Revenue in June Signals Turning Tide for U.S. Economy Under Trump's Policies

The U.S. recorded its highest ever tariff revenue in June, with a nearly fourfold increase year-over-year, contributing to a record federal receipt and a budget surplus. The dollar...

Economy

South Korea's Retail Sector Optimism Soars to a Four-Year Peak in Q3 Amid Government Stimulus

South Korea's retail sector shows highest economic recovery expectations in four years for Q3, driven by government policies, stock market rebound, and consumer coupons, with conve...