Economy Desk

Covering markets, economic policy, inflation, and business news that shapes financial decisions.

Russian Arctic LNG carrier vessel transporting liquefied natural gas

South Korea Asks UK for Exemption From New Sanctions on Russian LNG – Reports

South Korea's trade ministry formally asked London for an exemption from incoming UK restrictions on Russian LNG Wednesday, citing Korea Gas Corp's Sakhalin-2 contract running to March 2028. Seoul is seeking the

August 7, 2026

by Economy Desk

Hungary extreme heat losses $157 million Paks nuclear plant Danube low water levels

Hungary’s Losses From Extreme Heat Could Reach $157 Million, Prime Minister Says

Hungary's Paks nuclear power plant has been forced to reduce and nearly halt operations after an extreme heat wave drove the Danube's water level dangerously low, with Prime Minister Peter Magyar estimating budget losses of up to 137 million euros.

August 3, 2026

by Economy Desk

Japan 10000 yen banknotes reflecting joint US-Japan currency market intervention July 31 2026

Japan Confirms Joint Yen Intervention With US Treasury, First Coordinated Action Since 2011

Finance Minister Satsuki Katayama confirmed Japan's July 31 yen intervention was coordinated with the US Treasury,

Powerball Jackpot Hits $748 Million for Monday Drawing After Another Weekend Shutout

The Powerball jackpot grew to $748 million for Monday's drawing after Saturday's tickets produced no winner.

President Trump and Japanese PM Takaichi sign historic $550 billion AI and technology investment deal in Tokyo

Trump’s Asia Tour Secures $550 Billion AI and Tech Investment Deals, Reinforcing US-Japan Strategic Alliance

President Donald Trump’s weeklong diplomatic tour across Asia has culminated in landmark agreements that could reshape the technological and economic landscape of the Indo-Pacific region for decades to come. At the heart

November 22, 2025

Business·News

Nvidia stock volatility intensifies pressure on global tech markets

Stock Market Reversal: Nvidia Rally Collapses, Bitcoin Plummets While Walmart and Google Buck the Slide

Wall Street’s morning optimism gave way to a bruising reversal that exposed how fragile sentiment remains even after a stretch of blockbuster gains. The session began as a reaffirmation of the AI

November 22, 2025

Business·News

Nvidia and Asian chipmaker stocks plunging as SoftBank, Samsung, TSMC, SK Hynix, and Foxconn fall

Nvidia Shock Sends SoftBank and Asian Chip Giants Tumbling Amid Market Chaos

The global technology sector faced a sudden shock on Thursday as Nvidia and AMD, pay 15% of China chip revenues, triggering a ripple effect across major Asian chipmakers and SoftBank, one of

November 21, 2025

Business·Economy·News

Red S&P 500 index board showing large decline

S&P 500 Plunges 1.6% in Shocking Market Reversal Amid Investor Anxiety

The S&P 500 plunged 1.6% on Thursday after initially rallying, reflecting growing investor anxiety over economic uncertainty and disappointing corporate earnings. The unexpected reversal sent shockwaves through Wall Street, highlighting the market’s

November 21, 2025

Business·News

Wynn Las Vegas building at night during federal investigation into a $130 million forfeiture

Inside the Cash Pipeline: How Chinese High-Roller Money Quietly Moved Through Wynn Las Vegas and Underground Middlemen

Federal investigators have spent years tracing how money from mainland China quietly made its way into Las Vegas casinos, ultimately revealing an intricate pipeline of underground bankers, unlicensed money transmitters, and informal

November 19, 2025

Business·Economy·News

Container ship near port, symbolizing seafood trade embargo between China and Japan

China reimposes full ban on Japanese seafood as Beijing-Japan rift deepens

China has announced a full suspension of all imports of Japanese seafood, escalating a deteriorating diplomatic standoff rooted in Tokyo’s growing alignment with Washington and its increasingly hawkish remarks on Taiwan. While

November 19, 2025

Business·Economy·News

Emirates Boeing 777-9 aircraft at Dubai Air Show 2025

Emirates Unleashes $38 Billion Boeing Blitz as Dubai Air Show Ignites Amid Israel Ban and Russia’s Largest Arms Display

The 2025 Dubai Air Show, marking the biennial aerospace spectacle in the United Arab Emirates, opened amidst a flurry of significant developments that highlight the critical role of Dubai as a strategic

November 17, 2025

Business·News

Tokyo skyline with economic decline and tariff impact illustration 2025

Trump’s Tariff Weapon Strikes: Japan’s Economy Crumbles Under US Trade War Assault

Japan’s economy stumbled into contraction during the third quarter of 2025, shrinking at an annualized rate of 1.8 percent as President Donald Trump’s aggressive tariff regime hammered the export-dependent nation’s industrial backbone

November 17, 2025

Business·News

BRICS banknote showcased for next Summit in Brazil

A symbolic “BRICS banknote” featuring animals from the countries that make up the association will be prepared for the upcoming summit in Brazil next year. CEO of the ARM-Register company and creator

October 26, 2024

Economy·News

Brics Summit: A Futile Pursuit? The Idea of a Common Currency Dismissed as ‘Ridiculous’

Johannesburg, South Africa (TEH) – The idea of a common currency for the BRICS nations (Brazil, Russia, India, China, and South Africa) has been dismissed as “ridiculous” by Lord Jim O’Neill, the

August 16, 2023

Economy·News

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Economy Desk

South Korea Asks UK for Exemption From New Sanctions on Russian LNG – Reports

Hungary’s Losses From Extreme Heat Could Reach $157 Million, Prime Minister Says

Japan Confirms Joint Yen Intervention With US Treasury, First Coordinated Action Since 2011

Powerball Jackpot Hits $748 Million for Monday Drawing After Another Weekend Shutout

Trump’s Asia Tour Secures $550 Billion AI and Tech Investment Deals, Reinforcing US-Japan Strategic Alliance

Stock Market Reversal: Nvidia Rally Collapses, Bitcoin Plummets While Walmart and Google Buck the Slide

Nvidia Shock Sends SoftBank and Asian Chip Giants Tumbling Amid Market Chaos

S&P 500 Plunges 1.6% in Shocking Market Reversal Amid Investor Anxiety

Inside the Cash Pipeline: How Chinese High-Roller Money Quietly Moved Through Wynn Las Vegas and Underground Middlemen

China reimposes full ban on Japanese seafood as Beijing-Japan rift deepens

Emirates Unleashes $38 Billion Boeing Blitz as Dubai Air Show Ignites Amid Israel Ban and Russia’s Largest Arms Display

Trump’s Tariff Weapon Strikes: Japan’s Economy Crumbles Under US Trade War Assault

BRICS banknote showcased for next Summit in Brazil

Brics Summit: A Futile Pursuit? The Idea of a Common Currency Dismissed as ‘Ridiculous’

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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