Economy News

Economy

Spain's Inflation Climbs to 2.8% in December: A Closer Look at the Factors

Spain's annual inflation rate in December was confirmed at 2.8%, up from November's 2.4%, largely due to a 1.6-point increase in transport prices. Monthly consumer prices rose by 0...

Economy

UK Factory Prices Edge Up: A Slight Rise in December Signals Economic Shifts

The UK's factory gate prices saw a slight increase of 0.1% in December, marking a shift from the previous month's decline. The coke and refined petroleum products sector was the la...

Economy

UK Inflation Dips Slightly to 2.5% in December, Defying Analyst Predictions

The UK's annual inflation rate slightly decreased to 2.5% in December, down from 2.6% in November, and below analysts' expectations. This development, reported by the UK Office for...

Economy

China Raises Concerns Over Contaminated Durian and Jackfruit Imports from Vietnam

China has raised concerns over contaminated durian and jackfruit imports from Vietnam, prompting increased inspections and calls for stricter oversight. Vietnam faces challenges in...

Economy

December Marks a Turning Point: Employment Sees First Decline in Nearly Four Years

December saw a decline in employment for the first time in nearly four years, with a decrease of 52,000 employed individuals compared to the previous year. Despite this, the employ...

Economy

Surge in Won-Dollar Exchange Rate Sparks 2.4% Hike in December Import Prices

The won-dollar exchange rate surge, influenced by political turmoil and martial law, has led to a 2.4% increase in December import prices. This trend, coupled with rising oil price...

Economy

Eurozone's Economic Revival: A 2025 Outlook by ECB's Philip Lane

ECB's Philip Lane forecasts a stronger Eurozone economic recovery by 2025, driven by investment momentum, robust employment, and rising wages, with inflation expected to stabilize,...

Economy

Unexpected Drop: US Oil Inventories Decrease by 2.6M Barrels, Signaling Market Shifts

US crude oil inventories unexpectedly dropped by 2.6 million barrels last week, while distillate and gasoline stockpiles saw significant increases. Cushing, Oklahoma's reserves als...