Economy News

Economy

BoE Holds Steady: Interest Rates Remain at 4.75% Amid Economic Uncertainty

The Bank of England (BoE) has announced that it will maintain its interest rates at 4.75%, unchanged after a reduction in November. This decision reflects the bank's strategy amids...

Economy

Putin Highlights Unprecedented Russia-China Ties at Year-End Conference

Russian President Vladimir Putin highlights unprecedented Russia-China ties at year-end conference, citing trade volume and investments as evidence of strong relations based on com...

Economy

Despite External Threats, Putin Claims Russia's Economy Remains Stable and Strong

Russian President Vladimir Putin stressed that the country's economy remains stable despite external threats, with an anticipated growth rate of 3.9% to 4% this year, ahead of Germ...

Economy

Vietnam's Hanoi-HCMC Route: The 4th Busiest Domestic Air Route Worldwide

The Hanoi-Ho Chi Minh City route remains the world's 4th busiest domestic air route in 2024, despite a 2% decrease in available seats. Five carriers operate on this "golden" route,...

Economy

Indonesia Rolls Out 3% Tax Break for Hybrid Car Manufacturers

Indonesia is offering a 3% tax incentive to hybrid car manufacturers, with a budget of IDR840 billion. The government also provides various other incentives for battery-operated an...

Economy

BoJ Governor Ueda: Economic Recovery Faces Persistent Uncertainties

Bank of Japan Governor Kazuo Ueda discusses the country's moderate economic recovery and ongoing uncertainties, explaining the decision to maintain interest rates unchanged and loo...

Economy

Why South Korea's Massive Income Growth Doesn't Translate to Better Living Standards

Despite South Korea's per capita GNI increasing 540-fold over 70 years, citizens' perceived income levels have deteriorated. The ratio of PGDI to per capita GNI has declined to an ...

Economy

German Consumer Confidence Takes a Hit: January Forecast Revealed

Recent reports suggest a significant decline in German consumer confidence in January. Industry experts are preparing for potential impacts as reasons behind this downturn remain s...