Economy

South Korea is currently experiencing a period of significant political instability that has sent shockwaves through its financial markets. The unexpected declaration of martial law by President Yoon Suk Yeol—only to be reversed hours later—has triggered immediate reactions from investors, causing a sharp downturn in the stock market and the national currency. In this article,

Truong My Lan, the chairwoman of Van Thinh Phat Holdings Group, has become a central figure in one of Vietnam’s most significant corruption scandals. A court recently upheld her death sentence, originally imposed for embezzlement and bribery involving a staggering $12 billion. This case highlights the severe ramifications of white-collar crime and illustrates the stringent

In recent trading sessions, the U.S. dollar exhibited remarkable strength, influenced by a myriad of global economic factors. The currency’s resilience was particularly evident amidst political upheaval in France, which has negatively impacted the euro’s stability. Additionally, concerns over tariff implications and an economic slowdown in China have culminated in the yuan reaching a notable

In the early hours of Monday, the U.S. dollar demonstrated a significant rebound, reversing a portion of the losses it sustained in the previous week. This resurgence can largely be attributed to unexpected supportive remarks from President-elect Donald Trump, a notable shift from his past stance where he advocated for a weaker dollar to address

In the latest survey conducted by the China Index Academy, new home prices in China exhibited a notable increase in November, increasing by 0.36% compared to 0.29% in the previous month. This slight uptick demonstrates a developing trend amidst a challenging property market that has grappling with a long-term downturn. Year-on-year, the average home price

Recent reports reveal a troubling trend regarding the sentiment of British business leaders, marking a significant shift in optimism since the onset of the COVID-19 pandemic. A study conducted by Britain’s Institute of Directors (IoD) highlights that member optimism has plummeted to its lowest level in recent memory, primarily as a reaction to the fiscal

With Donald Trump once again assuming the presidency, discussions surrounding his second term—often referred to as “Trump 2.0”—intensify, particularly regarding its economic implications. As analysts gear up to assess the unfolding landscape, a critical examination reveals a multitude of factors that could significantly influence economic policies and outcomes. The previous term witnessed a turbulent yet

In a bold move that has sparked extensive debate both domestically and internationally, the Australian government has enacted a ban on social media usage for children under the age of 16. The announcement came late Thursday, drawing reactions that ranged from outrage to support from various segments of society. Framed as a pioneering initiative to

Economic stability plays a crucial role in a nation’s development, and in India, the Reserve Bank of India (RBI) serves as the primary institution responsible for this. As the global economy confronts the volatile landscapes of inflation and growth, the RBI’s decisions, particularly regarding interest rates, have garnered significant attention. This article delves into the

On a recent Wednesday, the Reserve Bank of New Zealand (RBNZ) executed its third rate cut in a span of only four months, an action that has initiated conversations surrounding the future trajectory of the nation’s economic landscape. The central bank reduced the cash rate by half a percentage point, bringing it down to 4.25%,

Thailand has witnessed a remarkable acceleration in its export figures for October 2024, with an impressive 14.6% increase year-on-year. This performance significantly outpaced the expectations of analysts, who had projected a modest growth of 5.2%. The growth in exports is pivotal for the Thai economy, which stands as the second-largest in Southeast Asia, and the

In a surprising statement shortly after being elected, U.S. President-elect Donald Trump declared plans to impose significant tariffs on trade with Canada, Mexico, and China, marking a pivotal shift in trade policy that could reverberate throughout the global economy. Announcing a 25% tariff on goods from Canada and Mexico and an additional 10% on products