Economy News

Economy

Global Trade Tensions Rise: APEC Leaders Voice Concern Over U.S. Tariffs and WTO Challenges

APEC leaders have issued a joint statement expressing concern over global trade disputes, especially U.S. tariffs, and stressed the importance of cooperation and the WTO. South Kor...

Economy

Global Shift: U.S. Dollar's Reign in Foreign Exchange Reserves Faces Unprecedented Decline

The U.S. dollar's share in global foreign exchange reserves has reached a historic low, with countries turning to gold and the Japanese yen as alternatives. This shift reflects gro...

Economy

Italy's Inflation Climbs to 2% in April: Energy Prices Fuel the Rise

Italy's annual inflation rate rose to 2% in April, up from 1.9% in March, driven by higher energy prices. Core inflation, excluding energy and fresh food, stood at 2.1%.

Economy

Switzerland's Industrial Sector Booms: An 8.5% Surge in Q1 2025 Signals Strong Growth

Switzerland's industrial production increased by 8.5% in Q1 2025, with the secondary sector growing by 7.1%. Construction output declined by 3.7%, but building construction and civ...

Economy

ECB's Villeroy Debunks Currency War Fears Amid Rising Trade Tensions in Eurozone

ECB's Francois Villeroy de Galhau clarifies that the eurozone's economic volatility stems from trade tensions, not a currency war, emphasizing no intentional currency manipulation ...

Economy

Vietnamese Farmers Face Crisis as Australian Mango Prices Plummet to 20 Cents/kg Amid China's Reduced Demand

Vietnamese mango farmers are in crisis as prices for Australian mangoes plummet to 20-30 cents/kg due to China's reduced demand. Efforts to boost domestic sales and processing are ...

Economy

South Korea's Economy Under 'Increasing' Pressure: Exports and Domestic Demand Decline

South Korea faces increasing economic pressure with exports slowing due to trade uncertainties and domestic demand dropping. The government plans a significant extra budget to addr...

Economy

Japan's Industrial Output Sees Modest Growth in March, Signaling Economic Resilience

Japan's industrial production index saw a modest 0.2% increase in March, reaching 102.4, with a 1% rise year-on-year. Shipments declined, while inventories showed mixed results, hi...