Economy News

Economy

South Korea's Economic Outlook Dims: Employment Slump and Rising Pressures Highlighted in Latest Green Book

South Korea faces a significant employment slowdown and increased economic pressures, as highlighted in the latest Green Book. The government shifts its focus towards employment ov...

Economy

Japan's Industrial Production Sees a 2.2% Dip in November, Signaling Economic Challenges Ahead

Japan's industrial production index fell by 2.2% in November, with shipments and inventories also declining, highlighting potential economic challenges. The inventory ratio, howeve...

Economy

China's Central Bank Holds Steady: Key Interest Rates Remain Unchanged Amid Economic Shifts

The People's Bank of China has kept its benchmark interest rates unchanged, with the 1-year and 5-year Loan Prime Rates remaining steady at 3.10% and 3.60%, respectively. This deci...

Economy

Vietnam Surges Ahead in Durian Exports to China, Outpacing Thailand

Vietnam has significantly increased its durian exports to China, with a 50% rise leading to earnings of US$2.9 billion. This growth is attributed to Vietnam's strategic advantages,...

Economy

Perplexity AI Eyes TikTok US Merger: A Bold Move Valued Over $50 Billion

Perplexity AI has proposed a merger with TikTok US, valued over $50 billion, aiming to combine forces with ByteDance and new partners. Despite challenges, the deal could reshape th...

Economy

US Oil Rig Count Dips Slightly: Baker Hughes Reports a Decrease to 478

The latest Baker Hughes report indicates a slight decrease in the US oil rig count to 478, with a significant annual drop of 19 rigs, highlighting the evolving dynamics of the US o...

Economy

December Sees a Surge: US Industrial Production Climbs by 0.9%

US industrial production increased by 0.9% in December, with manufacturing, mining, and utilities sectors all showing growth. Capacity utilization rose to 77.6%, indicating a posit...

Economy

Global Economic Growth Forecasted at 3.3% in 2025 and 2026 by IMF

The IMF forecasts a global economic growth of 3.3% in 2025 and 2026, with the US and China leading the charge. Inflation is expected to decrease, but long-term fiscal adjustments i...