Economy News

Economy

China's Strategic Export Shift: Dodging U.S. Tariffs Through Southeast Asia

Chinese firms are increasing exports to the U.S. via Southeast Asia to avoid high tariffs, leading to a significant shift in trade patterns reminiscent of the 2018 trade war.

Economy

President Trump Signals Flexibility on August 1 Tariff Deadline Amid Ongoing Negotiations

U.S. President Donald Trump shows willingness to adjust the August 1 tariff deadline, emphasizing openness to negotiations if countries present alternative proposals. This follows ...

Economy

Korean Economy Faces Challenges Yet Consumer Sentiment Shows Promising Recovery, KDI Reports

The Korea Development Institute reports a weakened Korean economy for the second month but notes a recovery in consumer sentiment due to government measures like consumption coupon...

Economy

Household Savings Soar to Historic 93 Trillion Won Amid Economic Slowdown in South Korea

South Korea's household surplus money hits a record 92.9 trillion won in Q1 2025, driven by economic downturn and decreased consumption. The household debt ratio to GDP also sees a...

Economy

UK's Fiscal Stability at Risk: OBR Warns of Daunting Challenges Ahead

The OBR's latest report warns of the UK's continued fiscal vulnerability, highlighting limited progress in stabilizing the economy and the daunting array of risks facing the nation...

Economy

Germany's Trade Surprise Surges to €18.4B in May, Defying Expectations

Germany's trade surplus unexpectedly rose to €18.4 billion in May, exceeding forecasts. Exports showed a slight annual increase, while imports grew significantly. Trade with EU and...

Economy

RBA Holds Interest Rates Steady at 3.85% Amid Global Economic Uncertainties

The Reserve Bank of Australia surprised markets by maintaining the interest rate at 3.85%, citing the need for more data to ensure inflation targets are met amidst global economic ...

Economy

Decline in US Small Business Optimism in June: NFIB Reports a Slight Drop to 98.6

The NFIB reports a slight decline in the US Small Business Optimism Index to 98.6 in June, with decreases in sales expectations and inflation concerns, while the Uncertainty Index ...