Economy News

Economy

China Launches $11 Billion Consumer Trade-In Initiative to Boost Economic Growth in 2025

China introduces an $11 billion consumer trade-in scheme in 2025 to boost economic growth, focusing on home appliances and electronics. The initiative aims to revive household spen...

Economy

Exquisite Australian Dragon Lychee Sells for $55/kg in Vietnam, Capturing Lunar New Year Market

The Australian 'dragon egg' lychee, priced at $55/kg, is becoming a popular Lunar New Year gift in Vietnam. Its scarcity, due to a short harvest season and meticulous selection pro...

Economy

St. Louis Fed President Advocates for Gradual Rate Cuts Amid Economic Shifts

Federal Reserve Bank of St. Louis President Alberto Musalem now favors a more gradual approach to interest rate cuts, influenced by stronger economic data and higher inflation. He ...

Economy

Revolutionizing Fruit Sales: Thousands of Frozen Durians Sold via Live Streaming in Vietnam

A groundbreaking live streaming event in Vietnam successfully sold thousands of frozen durians, offering significant discounts. This innovative sales strategy, involving government...

Economy

November Sees a 0.4% Dip in Italian Retail Sales: A Closer Look at the Trends

Italian retail sales fell by 0.4% in November, with food and non-food sectors experiencing declines. However, annual data shows a 1.1% increase, with large-scale distribution chann...

Economy

November Sees a 0.8% Drop in Spanish Industrial Production: A Detailed Analysis

Spain's industrial production fell by 0.8% in November, with significant drops in capital goods and energy sectors. However, consumer and intermediate goods production saw slight i...

Economy

November Sees a Slight Uplift in French Industrial Production

France's industrial production saw a slight increase of 0.2% in November, with manufacturing and construction sectors also experiencing growth. However, annual figures show a decli...

Economy

Switzerland's Unemployment Rate Holds Steady at 2.6% for the Third Month Running

Switzerland's unemployment rate remained at 2.6% in December, unchanged for the third month. Despite this, the number of unemployed and job seekers increased, with a notable rise i...