Economic News Category

Japan Wary of Weak Yen’s Downsides, Finance Minister Notes Japanese Finance Minister Shunichi Suzuki expressed concerns on Tuesday about the current depreciation of the yen, emphasizing the negative effects more than the positives. Suzuki highlighted the challenges posed by a weak yen, including increased costs for companies and consumers due to higher import prices, during

Lane Asserts ECB Must Maintain Restrictive Stance Throughout the Year The European Central Bank (ECB) is poised to initiate interest rate cuts as early as next month, yet Chief Economist Philip Lane emphasizes the necessity to maintain a restrictive monetary policy throughout 2024. In a recent interview with the Financial Times, Lane highlighted that although

UK Inflation Hits 3-Year Low; PM Sunak Prioritizes It for July 4 Election In April, the UK experienced a significant decrease in inflation, reaching its lowest level in nearly three years, primarily due to substantial reductions in domestic bills, according to official statistics released Wednesday. This decrease prompted Prime Minister Rishi Sunak to schedule a

Goldman Predicts Stronger Dollar in Inflation Battle The U.S. dollar is expected to maintain its strength if the Federal Reserve decides to hold interest rates steady while other countries move towards lowering their borrowing costs, according to analysts from Goldman Sachs Group Inc. The strategists, led by Kamakshya Trivedi and Joseph Briggs, suggest that such

UK Government Considers ‘Bootcamp’ Programs to Address Employment Shortages The UK government has introduced a new initiative to direct unemployed Britons towards “skills bootcamps,” aiming to fill the labor market gaps left by a decrease in overseas workers. These intensive training programs, which are already in place for various sectors, will now particularly target areas