Economy News

Economy

Bank of Canada Slashes Interest Rate to 3.25% Amid Inflation Concerns

The Bank of Canada has reduced its policy rate by 50 basis points to 3.25%, citing inflation concerns and softer growth data. The central bank remains committed to maintaining pric...

Economy

US Inflation Climbs to 2.7% in November: Key Insights and Trends

The US annual inflation rate reached 2.7% in November, matching expectations with a 0.3% monthly CPI growth. Energy prices remained stable, while food and core CPI showed slight in...

Economy

Australian Unemployment Drops to 3.9% in November: A Closer Look

Australia's unemployment rate dropped to 3.9% in November, with 35,600 new jobs added. Full-time employment saw a significant increase, while part-time employment decreased. The un...

Economy

Russian Inflation Surges to 8.9% in November Amid Rising Food and Service Costs

Russia's CPI rose to 8.9% in November, up from 8.5% in October, with food prices jumping 9.8% and services prices surging 11.1% year-over-year.

Economy

South Korea's Public Debt Surges: A Closer Look at the Economic Implications

South Korea's public sector debt exceeds 1,670 trillion won, nearly 70% of GDP, with general government debt ratio surpassing 50% for the first time. The rate of debt increase has ...

Economy

ECB's Fourth Rate Cut: A Strategic Move Amid Economic Uncertainties

The ECB is expected to cut rates for the fourth time this year, reflecting ongoing efforts to stabilize the European economy amidst weak growth and uncertainties. Officials advocat...

Economy

Australia's Central Bank Maintains Steady Rates Amid Softer Tone

The Reserve Bank of Australia (RBA) keeps interest rates steady while adopting a softer tone in its policy statement, omitting previous cautionary notes and emphasizing confidence ...

Economy

Elon Musk Advocates for Reevaluation of Tax Benefits for NGOs

Elon Musk recently suggested that the tax benefits for nonprofit NGOs should be reconsidered, responding to criticism of the sector's growth. He supported revisiting current nonpro...