Economy News

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...

Economy

US Composite PMI Reaches 33-Month High in December: A Mixed Bag of Economic Indicators

The US PMI Composite Output Index reached a 33-month high in December, driven by an increase in the services sector and a decline in manufacturing. Key indicators show a mixed econ...

Economy

Uncertainty Looms Over ECB's Monetary Policy Cycle End

ECB Vice-President Luis de Guindos raises doubts about the end of the current monetary policy cycle, stating interest rate cuts will continue but final outcome is uncertain. He als...

Economy

Italian Inflation Surges to 1.3% in November, Driven by Energy and Food Prices

Italy's consumer price index increased by 1.3% in November, driven by energy and food prices. Core inflation edged up to 1.9%, while the HICP rose by 1.5% annually.

Economy

UK Private Sector Activity Stagnates in December Amid Economic Uncertainty

UK's private sector activity remained unchanged in December, with the PMI Composite Output Index at 50.5. Services PMI rose to a two-month high, while Manufacturing PMI hit an 11-m...