Economy News

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...

Economy

Southeast Asia's Casino Boom: Chinese Tourists Fuel Record Gaming Revenues in Singapore and Malaysia

Southeast Asia's casino industry is thriving, with gross gaming revenue nearing pre-pandemic levels, fueled by Chinese tourists and a robust domestic market. Singapore and Malaysia...

Economy

Singapore Launches $78,000 Business Adaptation Grant to Counter US Tariffs Impact

Singapore introduces a $78,000 Business Adaptation Grant to help companies, especially SMEs, adjust to US tariffs. The grant supports export-oriented and manufacturing businesses w...

Economy

Shocking Study Reveals: 1 in 4 Americans Struggle with Functional Unemployment Despite Official Low Rates

A study by LISEP reveals that the true unemployment rate in the U.S. may be as high as 24.3%, far exceeding the official 4.2% rate, by including those in part-time or low-wage jobs...

Economy

UK Industrial Production Takes a Hit: May Sees a 0.9% Decline Amid Sectoral Shifts

UK's industrial production declined by 0.9% in May, with mining and quarrying dropping 3.2% and manufacturing falling 1%. However, electricity and gas, along with water supply, saw...

Economy

UK's Trade Deficit Surges to £13.2B Amid Global Trade Policy Shifts

The UK's trade deficit in goods and services widened to £13.2 billion in the three months to May, influenced by changes in US trade policy and fluctuations in exports and imports.