Economy News

Economy

Saudi Arabia Unveils Bold Uranium Enrichment Strategy for Nuclear Energy

Saudi Arabia announces plans to enrich uranium for nuclear energy, aiming to produce and sell the mineral. The kingdom's energy minister revealed the strategy, highlighting its pot...

Economy

ECB's Olli Rehn Predicts End of Restrictive Monetary Policy by Midsummer Amid Positive Inflation Trends

Olli Rehn, ECB Governing Council member, forecasts an end to restrictive monetary policy by midsummer, citing positive inflation trends. He also warns of geopolitical risks and the...

Economy

ECB's Lane Stresses Importance of Mid-Range Interest Rates for Inflation Control

ECB Chief Economist Philip Lane discusses the importance of mid-range interest rates for controlling inflation, the risks of rapid rate changes, and the impact of future wage incre...

Economy

Vietnam Rises as a Dominant Force in the Global Durian Market

Vietnam has become a global leader in durian exports, with a 7.8-fold increase since 2022, driven by strong demand from China. The country's strategic planning, quality improvement...

Economy

ECB's Chief Economist Philip Lane Foresees Further Monetary Easing Amid Economic Recovery

European Central Bank Chief Economist Philip Lane anticipates additional monetary easing to support the European economy's recovery from the coronavirus pandemic, with consumption ...

Economy

Manufacturing Sector Faces Challenges: A Cloudy Forecast for Q1 Amid Economic Uncertainties

The manufacturing sector anticipates a tough Q1 with declining sales, influenced by economic uncertainties and domestic instability. Retail sales have plummeted, marking the steepe...

Economy

South Korea's FKI Demands Swift Tax Reform to Revive Economy and Enhance Global Competitiveness

South Korea's FKI calls for urgent tax reforms to address the economic downturn, support small businesses, and boost high-tech industries. Legislative delays are causing uncertaint...

Economy

China's Trade Surplus Soars to $104.84 Billion in December, Exceeding Expectations

China's trade surplus rose to $104.84 billion in December, exceeding expectations with a 10.7% increase in exports and a 1% rise in imports compared to the previous year, as report...