Economy News

Economy

South Korea's June Exports Surge 4.3% with Semiconductors Leading the Charge to Record Highs

South Korea's exports in June rose by 4.3% year-on-year, driven by record-high semiconductor exports. Despite global trade uncertainties, sectors like computers, ships, and bio-hea...

Economy

US Threatens EU with 17% Food Tariff as Trade Deal Deadline Looms: What's Next?

The US threatens the EU with a 17% tariff on food exports as trade deal deadlines near, with potential for higher tariffs if negotiations fail. All EU member states have been notif...

Economy

BoE's Alan Taylor Warns: A Long Journey Ahead to Neutral Rates Amid Economic Risks

Bank of England's Alan Taylor discusses the challenges of reaching neutral interest rates, the risks of restrictive monetary policy, and the uncertain outlook for the UK economy's ...

Economy

OPEC+ Announces Strategic 548K Barrel Per Day Oil Production Hike Starting August

OPEC+ has announced a strategic increase in oil production by 548,000 barrels per day starting August, with the flexibility to adjust based on market conditions. The group plans to...

Economy

China Strikes Back: Imposes Import Curbs on EU Medical Devices Amid Trade Tensions

China announces restrictions on EU medical device imports in retaliation to EU's new rules limiting Chinese firms' access to its public procurement market, emphasizing protection o...

Economy

UK Housing Market Shows Resilience with a 2.5% Annual Price Increase in June

UK house prices rose by 2.5% annually in June, with the average price at £296,665. The market shows resilience with a rebound in transactions and approvals, despite a slight quarte...

Economy

Trump Imposes 10% Tariff on BRICS-Aligned Nations, Vows No Exceptions

President Donald Trump announces a 10% tariff on BRICS-aligned countries, calling their policies anti-American. The policy has no exceptions, with notifications to affected countri...

Economy

Germany's Industrial Sector Surges: A 1.2% Rise in May Sparks Economic Optimism

Germany's industrial production increased by 1.2% in May, with significant growth in the automotive, energy, and pharmaceutical sectors, despite a decline in construction and inter...