Economy News

Economy

US Job Market Shows Resilience: Initial Jobless Claims Dip to 220,000

The US labor market shows resilience as initial jobless claims drop to 220,000, with the insured unemployment rate steady at 1.2%. Despite a slight increase in the 4-week moving av...

Economy

Eurozone's Industrial Surge: A 0.8% Leap in January Signals Economic Resilience

The Eurozone's industrial production rose by 0.8% in January, showcasing economic resilience. The EU saw a 0.3% increase, but a slight year-over-year decline, indicating a mixed in...

Economy

Global Oil Demand Growth Projected to Slow Down by 2025, IEA Reports

The International Energy Agency forecasts a slowdown in global oil demand growth by 2025, citing trade tensions as a key factor. Meanwhile, world oil supply increases, with the US ...

Economy

Trump's Tariff Tango: US-Canada Trade Tensions Escalate and Ease

The US-Canada trade war intensifies as Trump doubles metals tariffs, then retracts following Canada's threat to impose electricity surcharges. This move causes market volatility an...

Economy

February Sees a 0.3% Rise in Swiss Producer and Import Prices

In February, Switzerland's Producer and Import Price Index increased by 0.3%, with notable rises in pharmaceutical raw materials and petroleum products, while import prices fell, p...

Economy

Turkey's Central Bank Vows to Continue Tight Monetary Policy to Combat Inflation

Turkey's Central Bank, under Governor Fatih Karahan, is committed to a tight monetary policy to reduce inflation to 24% by year-end. Despite recent rate adjustments, the bank is de...

Economy

Record Low Prices for Chinese Shine Muscat Grapes in Vietnam Spark Market Buzz

The price of Chinese Shine Muscat grapes in Vietnam has hit a record low, with vendors selling them at significantly reduced rates. Despite the price drop, the quality remains high...

Economy

South Korea's KCCI Proposes Game-Changing Dividend Tax Reforms to Boost Stock Market

The Korea Chamber of Commerce and Industry proposes 130 tax reform measures, including a 5% tax credit on dividend increases, to revitalize South Korea's stock market and enhance c...