Economy News

Economy

Global Unity Essential for AI Advancement Amidst Fierce Competition, Says EU Leader

European Commission President Ursula von der Leyen calls for global cooperation on AI development at the World Economic Forum, emphasizing the need to manage risks and seize opport...

Economy

EU's von der Leyen Urges Constructive Engagement with China for Trade Solutions

European Commission President Ursula von der Leyen advocates for constructive engagement with China to resolve trade issues, emphasizing mutual benefits and a balanced relationship...

Economy

January Sees a Dip in German Economic Sentiment: ZEW Report Highlights Concerns

German economic sentiment worsened in January, with the sentiment index dropping significantly below forecasts. Despite a slight improvement in the current situation index, concern...

Economy

Habeck Criticizes Trump's Tariffs: A Catalyst for Inflation and Global Division

German Economy Minister Robert Habeck criticizes President Trump's tariff policies and withdrawal from the Paris Climate Agreement, highlighting the risks of inflation, global divi...

Economy

Norway's Sovereign Wealth Fund Warns of Inflation Risks from US Tariffs

Norway's sovereign wealth fund, Norges Bank Investment Management, warns that US tariffs could lead to inflation, impacting global financial markets and labor supply. President Tru...

Economy

UK Faces Rising Unemployment: Rate Climbs to 4.4% in November

The UK's unemployment rate increased to 4.4% in the three months to November, according to the Office for National Statistics. This rise exceeds previous estimates and highlights a...

Economy

South Korean Exporters Face Double Burdens: Tariffs and Non-Tariff Barriers Rise

South Korean exporters face increased U.S. import restrictions, including anti-dumping and countervailing duties, under Trump's trade policies. Concerns grow over the impact on Sou...

Economy

Trump Delays Universal Tariffs, Imposes New Duties on Canada and Mexico Starting Feb. 1

President Trump announces new tariffs on Canada and Mexico starting Feb. 1, delaying universal tariffs. Criticizes Canada for illegal border crossings, emphasizes economic benefits...