Skyrocketing unemployment is bad news for Boris Johnson
Jul 30, 2020 15:59 pm UTC| Economy
The COVID-19 pandemic has seriously disrupted the UK economy and major increases in unemployment are already occurring. It has already been reported that 649,000 jobs have disappeared during the lockdown. If history...
German real GDP growth shrinks in Q2 2020, likely to rebound in Q3
Jul 30, 2020 11:52 am UTC| Economy
Germanys real GDP shrank in the second quarter by 10.1 percent on a quarter-on-quarter basis. The fall was therefore slightly larger than consensus expectations of a decline of 9 percent. According to statisticians, all...
WTO to look into S. Korea-Japan trade feud
Jul 30, 2020 06:28 am UTC| Economy
The World Trade Organizations dispute settlement body will set up a panel to probe South Koreas complaint against Japans export restrictions. The decision was put off for a month due to Tokyos opposition. South Korea...
S. Korea may ease construction rules to help create more homes
Jul 29, 2020 19:27 pm UTC| Economy
South Korea may ease some construction rules such as those related to residential floor area ratio and floor-to-floor height per apartment building to supply more homes in Seoul and the neighboring area. According to...
Gold price surges to record high due to weak US dollar, pandemic
Jul 29, 2020 17:58 pm UTC| Economy
The price of gold soared to a record high 80,100 won per gram on the Korea Exchange, up 3.41 percent from the previous session, and rising for a fifth straight session due to the weak US dollar and pandemic-induced...
US manufacturing sector recovery threatened by new coronavirus cases
Jul 28, 2020 23:08 pm UTC| Economy
Orders for key US-made capital goods excluding aircraft increased 3.3 percent last month, the most since July 2018. It followed a 1.6 percent rise in May. Core capital goods orders remained 3.2 percent below their...
Woori Bank's Q2 net profit plunges 45%
Jul 28, 2020 22:49 pm UTC| Economy
Woori Banks net profit for the second quarter slipped 45.28 percent on-year to 682.1 billion won due to the pandemic, low-interest rate set by the central bank, and hedge fund misselling. The bank was fined 19.7 billion...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight