Economy News

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...

Economy

Record-Breaking $68.96 Billion in Daily Forex Transactions Signals Strong Market Growth in 2024

In 2024, daily forex transactions hit a record $68.96 billion, driven by increased hedging demand and overseas investments. The won-dollar exchange rate rise significantly boosted ...

Economy

South Korea Faces a 5.1% Drop in Exports Mid-January Amid Lunar New Year Impact

South Korea's exports decreased by 5.1% in mid-January, influenced by the Lunar New Year holidays reducing working days. Despite a rise in semiconductor exports, declines were note...