Economy News

Economy

Fed's Goolsbee Warns: Patience Needed as Inflation Trends Slowly Emerge in Data

Federal Reserve Bank of Chicago President Austan Goolsbee discusses the delayed visibility of inflation trends in data, advocating for patience and caution in interpreting short-te...

Economy

ECB's Joachim Nagel Optimistic About Achieving 2% Inflation Target Amid Market Volatility

ECB's Joachim Nagel expresses optimism about reaching the 2% inflation target, discusses the data-dependent approach for June's rate decision, and comments on market volatility due...

Economy

Spain's Inflation Dips Slightly in April: A Closer Look at the Numbers

Spain's inflation rate slightly decreased to 2.2% in April, influenced by lower housing and transport prices. The Harmonized Index of Consumer Prices and core inflation rate also s...

Economy

Young Chinese Seek Solace in Rural 'Retirement' Amid Urban Burnout and Economic Downturn

Young Chinese are increasingly turning to rural 'retirement' as a way to escape urban burnout and economic pressures. These retreats offer a temporary respite, fostering community ...

Economy

Germany's Inflation Holds Steady at 2.1% in April: A Closer Look at the Factors

Germany's inflation rate was confirmed at 2.1% in April, with food prices rising by 2.8% and energy prices dropping by 5.4%. The core inflation rate advanced by 2.9%, and the HICP ...

Economy

South Korea's Economic Growth Slows to 0.8%: KDI Forecasts a Challenging Year Ahead

The Korea Development Institute (KDI) has revised South Korea's GDP growth forecast down to 0.8% for the year, citing a construction slump and poor trade conditions. This would be ...

Economy

South Korea's Job Market Faces Polarization as Manufacturing Jobs Plummet to Six-Year Low

South Korea added 194,000 jobs in April 2025, marking four months of growth. However, manufacturing and construction sectors faced significant losses, and youth employment issues p...

Economy

Malaysia's Anti-Corruption Agency Intensifies Probe Into Massive Land Dispute and Destruction of Over 1,000 Durian Trees

Malaysia's anti-corruption agency is investigating a land dispute in Pahang involving the felling of over 1,000 durian trees. The operation has drawn mixed reactions from the commu...