economy

EU approves $221 million subsidies to boost Germany’s offshore renewable energy infrastructure

New docking facilities on Germany's North Sea coast will handle heavy loads, including wind farm components

Japan’s ongoing efforts to implement four-day workweek to attract, retain workers

The country is grappling with a labor shortage exacerbated by a declining birthrate

Japanese companies achieve record $244 billion in pretax profits during April-June

Capital spending surges 7.4 percent to 11.92 trillion yen in Q2

India to produce 6 million chips daily with new semiconductor unit in Gujarat

The chips produced here will serve various industries, including automotive, electric vehicles, consumer electronics

China’s international trade in goods, services up 12 percent to $593.9 billion in July 2024

For services, the value of exports was 228.8 billion yuan, while imports reached 367.1 billion yuan

South Korea’s August exports reach $57.9 billion, up 11.4 percent YoY, driven by strong semiconductor demand

Imports rose by 6 percent year-on-year to $54 billion, resulting in a trade surplus of $3.83 billion

India’s fintech industry attracts $31 billion in investment

Startups in this field have surged by 500 percent, says Prime Minister

Eurozone inflation hits 3-year low of 2.2 percent in August, signaling possible ECB rate cut next month

The inflation landscape is gradually improving, highlighting the progress toward the ECB's 2 percent target

Fitch reaffirms U.S. credit rating at AA+, says fiscal profile unlikely to change much after elections

The agency expects most 2017 Trump tax cuts to continue, impacting revenue and increasing deficits 

Japan upgrades economic assessment for first time in over a year, reflecting improved consumer spending

The government noted that consumption is rising as shipping disruptions at some automakers ease 

U.S. economy grows 3 percent in Q2 2024, powered by robust consumer spending and business investment

This growth marks a strong rebound from a sluggish 1.4 percent increase in Q1 2024 

9.11 million foreign tourists visit South Korea during January and July 2024, up 66.8 percent

This figure represents 97 percent of the tourist levels recorded in July 2019, prior to the COVID-19 pandemic

China’s industrial companies achieve $575.1 billion in profits in first seven months

The country’s major firms reported 4.1 percent profit increase in July alone

OECD forecasts Malaysia’s GDP growth at 4.9 percent for 2024, 4.7 percent for 2025

This growth is driven by increased domestic demand and a recovery in electronics exports 

South Korea sets 2025 budget at $509.71 billion amid fiscal restructuring

The country allocated 29.7 trillion Won for R&D in 2025 budget

Sweden’s trade surplus grows to $640 million in July 2024

Non-EU trade surplus hit SEK 22.7 billion during this period

India’s foreign exchange reserves climb to $674.66 billion

This figure is just below the previous record high of $674.919 billion

Eurozone inflation climbs to 2.6 percent in July, dampening ECB rate cut hope

Core inflation, excluding food and energy, held steady at 2.9 percent despite overall inflation rising

Vietnam ports’ cargo volume soars 16 percent to 501.117 million tons, TEUs reach 16.902 million in first seven months

Despite the surge in cargo volume, sea freight rates have been declining across all routes since the end of July

Pakistan’s IT exports surge 32 percent to $297 million in July on software and telecommunications

Software consultancy services saw a significant surge, increasing by 24.53 percent to reach $77.262 million

South Korea’s mid-sized businesses hit $2.52 billion in Q2 profits on semiconductors and auto parts

The operating profits of automobile and auto parts businesses increased 18.9 percent during the same period