Economy News

Economy

EU Unveils €400 Billion Crisis Fund in Historic €2 Trillion Budget Proposal for 2028-2034

The European Commission announces a €400 billion crisis fund within a €2 trillion budget for 2028-2034, marking a significant step towards crisis preparedness and financial resilie...

Economy

June Sees 183,000 New Jobs: A Mixed Bag of Growth and Challenges in Youth and Manufacturing

June 2025 saw a rise of 183,000 employed individuals, marking six months of growth. However, youth employment and manufacturing sectors struggled, highlighting a mixed employment l...

Economy

Trump Announces Imminent Pharmaceutical Tariffs, Signals Semiconductor Duties to Follow

President Trump announces plans to impose tariffs on foreign pharmaceuticals and semiconductors, starting with low rates to encourage U.S. production, followed by significant incre...

Economy

Vietnam Aims for a Whopping $4.5 Billion in Cashew Exports by 2025 Amid Global Market Growth

Vietnam's cashew exports saw a 20.4% increase in value in the first half of 2025, despite a slight volume drop. With China, the U.S., and the Netherlands as top buyers, Vietnam is ...

Economy

Bank of Korea Governor Advocates for Enhanced Macroprudential Policy Powers Amid Financial Stability Concerns

Bank of Korea Governor Rhee Chang-yong emphasizes the need for stronger macroprudential policy tools and better coordination with the government to ensure financial stability and e...

Economy

Italy's Inflation Climbs Slightly to 1.7% in June: What's Driving the Increase?

Italy's inflation rate slightly increased to 1.7% in June, driven by rises in unprocessed food and transport services. The core CPI and HICP also showed upward trends.

Economy

Eurozone's Trade Surplus Soars to €16.2 Billion in May, Outperforming Previous Months

The Eurozone's trade surplus rose to €16.2 billion in May, with exports increasing by 0.9% and imports decreasing by 0.6%. The EU also saw a trade surplus growth, highlighting a po...

Economy

UK Inflation Rises to 3.6% in June: Transport Costs Drive Upward Trend

UK inflation rose to 3.6% in June, driven by higher transport costs, despite some offset from lower housing expenses. Monthly consumer prices increased by 0.3%, with CPIH showing a...