Economy News

Economy

June Surplus Shocker: US Government Posts $27 Billion Budget Surplus Amid Fiscal Challenges

The US government recorded a $27 billion budget surplus in June, with receipts totaling $526.4 billion and outlays decreasing to $499.4 billion. This surplus has slightly reduced t...

Economy

Exclusive: FHFA Chair Hints at Fed's Powell Possible Resignation Amid Economic Policy Debate

FHFA Chair William J. Pulte suggests Federal Reserve Chair Jerome Powell may resign, sparking debate over Fed's interest rate policies and their impact on the economy amidst politi...

Economy

US Oil Rig Count Dips Slightly to 424 as Baker Hughes Reports Weekly Decline

The US oil rig count slightly decreased to 424, with a significant annual drop of 54 rigs, while the gas rig count remained unchanged at 108. Canada's rig count increased by 11, wi...

Economy

Putin's Strategic Move: Boosting Russian Industry with Comprehensive Support Until 2025

Russian President Vladimir Putin has ordered measures to sustain manufacturing output through 2025, focusing on key sectors with increased funding for industrial support tools like...

Economy

Russia's Inflation Rate Shows Promising Drop to 9.4% in June, Signaling Economic Relief

Russia's inflation rate decreased to 9.4% in June from 9.9% in May, indicating potential economic stabilization. Rosstat's latest report highlights this encouraging trend.

Economy

Canada's Job Market Shows Promising Growth: Unemployment Drops to 6.9% in June

Canada's unemployment rate dropped to 6.9% in June, with the employment rate rising to 60.9%. The retail trade and health care sectors added significant jobs, and wages grew by 3.2...

Economy

Singaporeans Flock to Malaysia for Exotic Durian Tours and Unlimited Buffets Post-Election

Singaporeans are increasingly traveling to Malaysia for durian tours and buffets, especially post-election, with sellers noting a surge in demand and a preference for the Musang Ki...

Economy

Revolutionary Tariff Policies Boost Domestic Auto Makers and Green Vehicle Production

A new decree revises production volume criteria for preferential import tariffs, supporting domestic auto makers and green vehicle production. It includes adjustments for green veh...