Economy News

Economy

December Sees Further Decline in German Business Climate, Ifo Report Reveals

The German business climate deteriorated further in December, with the Ifo Business Climate Index dropping to 84.7, below analysts' expectations. Meanwhile, the Current Assessment ...

Economy

Swiss Economic Growth Faces Challenges in 2025: A Slight Decline Predicted

Switzerland's economic growth forecast for 2025 has been marginally downgraded to 1.5% due to delays in Europe's recovery and global economic uncertainty. The forecast anticipates ...

Economy

UK Unemployment Rate Rises to 4.3% in Latest Quarterly Update

The UK unemployment rate has increased to 4.3% in the three months to October, according to recent data from the Office for National Statistics. This rise could indicate potential ...

Economy

Vietnam's $14B Plan to Transform Electric Vehicle Infrastructure

Vietnam plans to invest $14 billion by 2050 to develop electric vehicle charging stations, aiming to reduce greenhouse gas emissions and boost the economy. The initiative, supporte...

Economy

Acting President Han Vows to Reintroduce Inheritance Tax Relief Bill Amid Economic Challenges

Acting President Han Duck-soo pledges to reintroduce an inheritance tax relief bill and focus on executing next year's budget to restore economic vitality, addressing challenges fa...

Economy

New BRICS Partners: Idea Contribution Without Voting Rights

Russia's Deputy Foreign Minister Sergey Ryabkov states that new BRICS partners can submit ideas but will not have voting rights or decision-making powers.

Economy

Ukraine Refuses to Renew Gas Transit Deal with Russia Amidst Ongoing Conflict

Ukraine's Prime Minister Denys Shmyhal announced the non-renewal of the gas transit deal with Russia, citing Moscow's use of energy exports to fund the 'criminal war'. Shmyhal also...

Economy

ECB's Schnabel Warns Against Overreacting in Monetary Policy

ECB Executive Board member Isabel Schnabel stresses the importance of a cautious approach to monetary policy, arguing against overreacting despite nearing neutral interest rates an...