economy

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

China’s logistics sector grows 52.8 percent in November as economic recovery signals strength

This represents an increase of 0.2 percentage points compared to October 2024 

China’s economy to grow 5 percent in 2024, contributing 30 percent to global expansion

Foreign exchange reserves remain steadily above $3.2 trillion 

Australia central bank holds interest rates at 4.35 percent

The economy grew by only 0.8 percent over the past year, the slowest pace of growth since the early 1990s

China’s foreign trade up 4.9 percent to $5.49 trillion in 11 months

Exports surged by 6.7 percent year-on-year, totaling 23.04 trillion yuan 

Japan’s economic growth surpasses estimates: 1.2 percent GDP revision and implications for interest rate hikes

Japan's economy grew faster than expected in July-September, driven by higher capital investment and exports 

Euro area unemployment rate steady at 6.3 percent in October 2024

In October 2024, there were around 12.971 million people unemployed in the EU

China’s industrial profits top $814 billion in Jan-Oct

Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month  

U.S. hosts record 1.12 million international students, adding $50 billion to economy in 2023/2024

Despite competition from the U.K., Canada, and Australia, the U.S. remains the top choice for international students

China’s foreign trade grows 4.6 percent YoY in October, reaching $5 trillion in ten months

Exports amounted to $2.93 trillion, up 5.1 percent YoY, and imports totaled $2.14 trillion 

Federal Reserve on track for two 25-basis-point interest rate cuts this year

The Federal Reserve will begin its two-day policy meeting only a day after the U.S. presidential election on Tuesday

China’s privately offered funds hit $2.76 trillion by end-September

Equity investment funds, valued at 10.89 trillion yuan, were the largest category

U.S. business activity grows in October, price pressures ease

This suggests that the economy is entering the fourth quarter on a strong note

South Korea to provide $6.45 billion in financial support for semiconductor industry by 2025

The government will allocate 1.7 trillion won next year for chip R&D and talent developmentÂ