Economy News

Economy

US Oil Inventories See Significant Drop: A Closer Look at the Latest API Report

The latest API report reveals a 1.45M barrel drop in US crude oil inventories, alongside mixed changes in distillate and gasoline stocks, and a notable increase in Cushing, Oklahom...

Economy

UK Economy Faces Challenges Amid Global Trade Slowdown, Warns Chancellor Reeves

Chancellor Rachel Reeves warns of the UK economy's vulnerability to a global trade slowdown, emphasizing the need for balanced trade negotiations with the US and maintaining strong...

Economy

Mexican President Sheinbaum to Challenge Trump's Tariff Decision in Upcoming Talks

Mexican President Claudia Sheinbaum is set to discuss the new 25% tariffs with US President Donald Trump. She criticizes the tariffs' justification and warns of negative impacts on...

Economy

Bessent Reveals: Trump Administration Firm on Interest Rate Reduction Strategy

US Treasury Secretary Scott Bessent discusses the Trump administration's strategy to lower interest rates, focusing on medium-term economic goals, and addressing China's export pra...

Economy

South Korea Explores Alaska LNG Project to Enhance Energy Security and Strengthen U.S. Trade Relations

South Korea is considering participation in the Alaska LNG project to enhance energy security and strengthen trade relations with the U.S., amidst efforts to navigate trade pressur...

Economy

Eurozone Unemployment Holds Steady at 6.2% in January: A Closer Look

The Eurozone's unemployment rate remained steady at 6.2% in January, with Spain having the highest rate and Czechia and Poland the lowest. A significant year-over-year improvement ...

Economy

Singapore Fresh Graduates See Salaries Rise Above $3,300 Despite Falling Employment Rates

Singapore's fresh graduates are earning more than $3,300 monthly, but full-time employment rates have fallen, according to a 2024 survey. The health sciences sector saw the steepes...

Economy

Unprecedented Drop in Chinese Strawberry Prices Shakes Up Vietnam's Market

Vietnam experiences a significant drop in strawberry prices due to large shipments from China, impacting local markets and vendors. Chinese strawberries dominate due to lower price...