Economy News

Economy

EU and US Senate Unite to Impose Unprecedented Sanctions on Russia Over Ukraine Conflict

French Foreign Minister Barrot reveals Europe and the US Senate's plan to impose harsh sanctions on Russia, targeting its oil revenues and financial systems to curb Putin's war eff...

Economy

France's Trade Deficit Widens to €7.8 Billion in May, Exports Decline Amid Stable Imports

France's trade deficit increased to €7.8 billion in May, with exports declining slightly while imports remained stable. The energy balance was unchanged, but there was a minor impr...

Economy

Japan Expresses Deep Regret Over US Decision to Impose 25% Tariff on Imports

Japan's Prime Minister Shigeru Ishiba expresses regret over the US's 25% tariff on Japanese imports, set for August 1. Japan views this as an opportunity for dialogue, aiming for a...

Economy

Trump Extends Tariff Deadline to August 1, Imposes 25% on South Korean Imports Amid Trade Negotiations

President Trump extends the tariff grace period to August 1, imposing a 25% tariff on South Korean imports, while leaving room for negotiation. The move is part of a broader strate...

Economy

Japan's Trade Deficit Widens to ¥522.3 Billion in May, Signaling Economic Challenges Ahead

Japan's trade deficit for May hit ¥522.3 billion, meeting expectations but highlighting economic challenges. Despite a decrease from April's figures, the year-on-year increase refl...

Economy

Cambodia Breaks Into China's Lucrative Durian Market: Over 100 Farms Approved for Export

Cambodia has been approved to export fresh durians to China after over 100 farms met strict standards. This marks a significant step in Cambodia-China agricultural trade, expanding...

Economy

Eurozone's Fiscal Policy Shift: A Neutral Stance by 2025 Amid Rising Defense Costs

The Eurogroup forecasts a neutral fiscal policy stance by 2025, excluding defense spending increases, with public debt and deficit slightly rising. The Eurozone economy shows resil...

Economy

ECB Alerts on Heightened Euro Area Financial Stability Risks Amid Global Uncertainty

The ECB highlights growing risks to euro area financial stability due to global geopolitical tensions, while affirming the banking sector's resilience. It calls for maintained vigi...