Economy News

Economy

UK Economy Faces a Minor Setback: 0.1% GDP Decline in October

The UK's GDP fell by 0.1% in October, with no growth in the services sector, a 0.6% decline in production output, and a 0.4% drop in construction output. Despite this, the economy ...

Economy

Top 10 Asian Cities for Expats to Work in 2024: Singapore Leads the Pack

Mercer's annual survey ranks Singapore as the top city in Asia for expats to work in 2024, followed by Tokyo, Yokohama, Osaka-Kobe, Nagoya, Hong Kong, Seoul, Dubai, Taipei, and Abu...

Economy

Japan's Industrial Production Surges in October: Insights and Trends

Japan's industrial production index reached 107.8 in October, up by 1.4% year-on-year, following a 2.6% drop in the previous month. The monthly increase of 2.8% is supported by a r...

Economy

Lee Jae-myung Convenes Emergency Meeting with Business Leaders to Address Economic Crisis

Lee Jae-myung, leader of the Democratic Party of Korea, holds an emergency meeting with economic leaders to address current economic challenges and political uncertainties affectin...

Economy

Won-Dollar Exchange Rate Surge Drives Import Price Index Upward for Second Month

South Korea's import price index rises for the second consecutive month due to a surge in the won-dollar exchange rate, despite a drop in international oil prices. The Bank of Kore...

Economy

South Korea's Economic Stability Persists Despite Political Unrest

Deputy Prime Minister Choi Sang-mok held virtual meetings with credit rating agencies to prevent a downgrade due to political turmoil. The agencies agreed that Korea's economy rema...

Economy

December Sees Uplift in British Consumer Confidence: GfK Report

GfK report reveals a positive shift in British consumer sentiment during December, potentially signaling a boost in consumer spending and economic activity.

Economy

US Natural Gas Stockpiles Drop Significantly, EIA Reports

The EIA reports a significant drop in US natural gas inventories, decreasing by 190 billion cubic feet. Current stockpiles are 165 billion cubic feet above the five-year average.