Economy News

Economy

Italy's Unemployment Rate Drops to 5.7% in November, Beating Expectations

Italy's unemployment rate decreased to 5.7% in November, a positive shift that exceeded analysts' expectations, indicating potential economic recovery and resilience.

Economy

December Sees French Inflation Steady at 1.3%, Driven by Tobacco and Energy Costs

France's inflation rate remained unchanged at 1.3% in December, with tobacco and energy prices being the main contributors. The outlook suggests a slight increase in consumer price...

Economy

Swiss Inflation Rate Dips to 0.6% in December, Aligning with Market Expectations

Switzerland's inflation rate slightly decreased to 0.6% in December, aligning with market expectations. The CPI dropped by 0.1% monthly, influenced by lower prices in international...

Economy

December Sees a Surge: UK House Prices Jump by 3.3%

UK house prices have unexpectedly risen by 3.3% in December, sparking discussions on the factors behind this surge and its implications for the housing market.

Economy

Japanese Finance Minister Expresses Concern Over Unstable Foreign Exchange Movements

Japanese Finance Minister Katsunobu Kato expresses alarm over recent speculative-driven foreign exchange movements, emphasizing the need for stable currency trends that reflect eco...

Economy

Durian Mania Sweeps China: A Culinary Revolution Fueled by the King of Fruits

China's catering industry is riding the durian wave, with innovative dishes and promotions capturing the nation's palate. From buffets to milk tea, durian's popularity is soaring, ...

Economy

Michael Barr Announces Resignation as Fed's Supervision Vice Chair, Shifting Regulatory Landscape Ahead

Michael Barr, the Federal Reserve Board's Vice Chair for Supervision, will resign effective February 28, 2025, but remain on the Board of Governors. The Fed plans to hold off on ma...

Economy

November Sees a 0.4% Dip in US Factory Orders: A Closer Look at the Economic Slowdown

In November, US factory orders declined by 0.4%, a $2.1 billion drop to $586.1 billion, contrasting October's 0.5% rise. Durable goods orders fell by 1.2%, while shipments and unfi...