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Latest News
Banking & Finance
Google agrees to pay Italy $340 million to settle Italian tax case
Google has previously faced financial penalties, including over $1 billion paid to France for tax fraud allegations
Economy
U.S. consumer prices rise 0.5 percent in January, annual rate grows 3 percent
In the 12 months through January, core U.S. consumer prices rose 3.3 percent after gaining 3.2 percent in December
Economy
U.S. adds 143,000 jobs in January as unemployment rate slips to 4 percent
November and December payrolls were revised up by 100,000 due to routine annual adjustments
Asia
India central bank delivers first rate cut in almost 5 years as inflation eases
The central bank cut the repo rate by 25 basis points to 6.25 percent after keeping it unchanged for eleven consecutive policy meetings
Logistics
U.S. trade deficit rises over 2-year high of $98.4 billion amid trade war concerns
The U.S. experienced significant trade deficits with several trade partners, including China, Mexico and Canada
Asia
South Korea’s GDP per capita outpaces Japan and Taiwan in 2024, surpasses $36,000
The country's per capita GDP has been calculated based on a nominal growth rate of 5.9 percent
Economy
GDP remains steady in Eurozone, up by 0.1 percent in EU
Germany and France, the two largest economies within the bloc, have reported unexpected contractions
Asia
India and China to resume air travel after nearly 5 years
India noted discussions on economic concerns to promote policy transparency
Op-eds
Pioneering the electric dream: How Chinese EVs herald a shift in global manufacturing’s balance of power
EV penetration levels reached up to 67.9 percent in Shenzhen in 2023, nearly double the national average of 35.7 percent
Asia
China reveals major breakthroughs in gold exploration with 168 metric tons discoveredÂ
This development is a key step in strengthening the nation's resource securityÂ
Economy
EU allocates $1.96 billion for humanitarian aid in 2025
The EU has set additional emergency funding in its budget which includes more than €295 million for worldwide actions
Economy
U.S. stocks spike amid positive CPI report
The closely watched core measurement of the Consumer Price Index slowed for the first time in months