Economy News

Economy

South Korea Plans KDB Fund to Boost High-Tech Industries and Economic Growth

South Korea's Financial Services Commission announces a new KDB fund to support high-tech industries and local real estate markets, aiming to boost economic growth and industrial c...

Economy

Vietnam's Durian Export Crisis: Facing Heavy Losses Amid China's New Import Regulations

Vietnamese durian exporters face significant losses due to China's new import regulations requiring Auramine O testing. Companies are recalling shipments and selling at lower price...

Economy

Bank of Israel Predicts Early 2025 CPI Surge Amid Economic Challenges

Bank of Israel Governor Amir Yaron forecasts a CPI rise in early 2025 due to higher demand and tax changes, with current inflation at 3.2%. Despite challenges, he expects economic ...

Economy

WTO Director-General Advocates for Decentralized Supply Chains for Economic Resilience

WTO Director-General Ngozi Okonjo-Iweala calls for the decentralization of supply chains to enhance economic resilience and job creation, while also emphasizing the transformative ...

Economy

EU's Energy Independence: Breaking Free from Russian Gas Blackmail

European Commission President Ursula von der Leyen discusses the EU's rapid reduction in Russian energy dependency, highlighting the shift towards clean energy solutions and infras...

Economy

China Advocates for Global AI Collaboration to Empower Developing Nations

At the World Economic Forum, China's Vice Premier Ding Xuexiang called for global collaboration in AI and digital infrastructure to support developing countries, emphasizing the ne...

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...