economy

Japan’s manufacturing activity contracts in July due to uncertainties surrounding U.S. tariffs

S&P Global's PMI for manufacturing dropped to 48.8, marking a decline from June's 50.1 

South Korea’s GDP grows 0.6 percent in Q2 2025 driven by strong private consumption, exports

Private consumption increased 0.5 percent, supported by improving sentiment and a stock market rally

AstraZeneca announces $50 billion U.S. investment in biotech and drug manufacturing by 2030

Multibillion-dollar commitment is expected to generate tens of thousands of high-skilled direct and indirect jobs across the U.S.

Global aviation industry to add 1.5 million jobs by 2034, CAE forecast shows

The biennial report offers a comprehensive outlook on the future workforce demands across commercial and business aviation

U.K.’s GDP falls 0.3 percent in April 2025, biggest monthly drop since October 2023

There was a monthly decrease of 63.5 percent in U.K. residential transactions in April 2025, compared with March 2025

China’s consumer price index declines in May 2025 as export growth hits three-month low

CPI edged down 0.1 percent year on year, impacting economic outlook 

Strong Q1 growth reduces urgency for rate cuts in China

Benchmark loan rates unchanged as country faces trade challenges

Eurozone inflation falls to 2.2 percent in March, jobless rate declines

Strengthening calls for additional interest rate cuts from ECB

French central bank reports loss of $8.4 billion for 2024

The bank noted that falling ECB deposit rates and reduced bond holdings will help mitigate future losses

EU employment grows 0.2 percent in Q4 2024 as economy steadily expands

Romania, Spain, Greece and Portugal recorded the highest employment growth compared with the previous quarter

U.S. job cuts surge 245 percent in February, fueled by Musk and Trump’s workforce reductions

U.S. employers announced 172,017 layoffs in February, up 245 percent from January’s figures

China aims for 5 percent growth in 2025 amid challenges from Trump tariffs

The government plans to issue $179 billion in special treasury bonds this year to finance its stimulus effort

Eurozone annual inflation up to 2.5 percent, March rate cut still likely

Last week, Lagarde suggested price growth may fluctuate before slowing toward the 2 percent target later

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

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

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

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

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

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

Malaysia, Singapore launch special economic zone to boost trade and investment

The zone will offer tax incentives and include key areas in sectors such as aerospace and tourism

Eurozone inflation rises to 2.4 percent for third consecutive month in December

Core inflation remained steady at 2.7 percent for the fourth month in a row

Eurozone economy struggles as December 2024 PMI reaches 49.6

Despite exceeding 49.5, PMI remained below the 50 threshold for growth 

Japan approves record $730 billion budget for FY 2025

The draft got greenlighted by the Cabinet, includes 8.7 trillion yen in defense spending