Economy News

Economy

Bangkok Airport Maintains Normal Operations Amidst Myanmar Earthquake Aftermath

Bangkok's Suvarnabhumi International Airport operates normally after a nearby earthquake in Myanmar causes panic in Bangkok, leading to emergency declarations and reports of damage...

Economy

South Korea's Inflation Edges Up to 2.1% in March, Surpassing Expectations

South Korea's inflation rate rose to 2.1% in March, slightly above expectations, with the CPI increasing by 0.2% monthly. The core CPI, excluding fresh food and energy, also saw a ...

Economy

Surprising 6 Million Barrel Surge in US Crude Inventories Sparks Market Speculation

The United States has witnessed a notable 6.037 million barrel increase in crude oil inventories, alongside mixed changes in distillate and gasoline stockpiles, and a significant r...

Economy

Fitch Predicts US Housing Market Slowdown in 2025 Due to Tariffs and Migration Policies

Fitch Ratings forecasts a slowdown in the US housing market for 2025, attributing it to higher tariffs and immigration policies that increase construction and labor costs. Housing ...

Economy

ECB's Lagarde: AI Boosts Productivity Without Triggering Job Apocalypse in Europe

ECB President Christine Lagarde discusses AI's potential to boost productivity in Europe without causing a job apocalypse, highlighting the risk of increased labor inequality as hi...

Economy

March Sees a Slowdown in US Manufacturing Activity Amidst Economic Uncertainties

US manufacturing activity weakened in March with the PMI dropping to 50.2, indicating the slowest growth this year. Experts attribute the decline to fading optimism and reduced ord...

Economy

US Construction Spending Rises 0.7% in February, Signaling Strong Economic Growth

US construction spending increased by 0.7% in February, reaching $2.2 trillion, with private construction leading the growth. Residential construction saw a significant rise, while...

Economy

US Manufacturing Sector Contracts in March: PMI Drops Below Critical Threshold

The US manufacturing sector contracted in March, with the PMI dropping to 49%. Key indicators like new orders, production, and employment fell, while prices surged due to tariffs, ...