Economy & Trade
300 articles from 66 countries
South Korea's National Assembly passed a significant supplementary budget aimed at economic relief, while Argentina seized over $150 million in counterfeit apparel. In the East African Community, export growth fuels a trade surge to $42.4 billion. Meanwhile, ConocoPhillips explores investment in Venezuela, and UK's Keir Starmer criticizes rising energy costs linked to global political figures.
🇮🇱 IsraelHadash’s Jafar Farah withdraws Knesset bid amid sexual harassment allegations
The United States imposed sanctions on a Turkish investment bank and two subsidiaries on Friday, accusing them of helping Iran move oil revenues and access the international financial system. The Trea…
Iraq emerges as Iran’s economic lifeline amid tighter US sanctions
Iraq has become one of Iran’s most important economic lifelines as Washington tightens pressure on Tehran. Its close political and commercial ties with Iran, combined with the influence of Iran-backed…
Historic law opens the door to wild boar meat sales in Río Negro
Río Negro’s legislature has approved a new provincial meat law that could allow the sale of wild boar meat, after incorporating wildlife products into the rules governing slaughter, processing, transp…
Amid conflict with government, Argentine university heads approve 2027 budget and plan to lobby Congress
Argentina’s public university leaders have approved an 11 trillion-peso budget proposal for 2027, but they know the harder fight will begin when the plan reaches Congress. At their meeting in San Carl…
Sturzenegger fires back at industrialists and attacks port pilots in profanity-laced speech
Federico Sturzenegger took aim at Argentina’s industrial leaders and port pilots in a forceful speech at the annual convention of the Argentine Institute of Finance Executives, or IAEF. The minister o…
Argentina's auto industry shows two faces: pickups hold up while car output falls by a third
Argentina's automotive industry recovered some activity in August, but the monthly improvement did not change the year's broader decline. Factories produced 39,381 vehicles, 26.3% more than in July an…
Fixed-term deposits: Bank-by-bank interest rates for Friday, Sept. 4
Argentine savers can compare the interest rates offered by banks before placing pesos in a 30-day fixed-term deposit. The Central Bank of the Republic of Argentina published the latest figures for Fri…
Morocco’s social security fund approves two companies to drive digital transformation and clinic management
Morocco’s National Social Security Fund is expanding into digital services and healthcare management. Its board approved the creation of two subsidiaries, one dedicated to digital transformation and a…
Morocco Welcomes 14.1 Million Tourists Through August 2026
Morocco welcomed 14.1 million tourists by the end of August 2026, adding about 608,000 visitors compared with the same period last year. The figure represents growth of 4.5%, according to the Ministry…
Morocco ranks 36th worldwide with average annual wage of $6,900
Morocco placed 36th in the latest global wage report published by Prosfi, recording an average annual wage of about $6,900. The ranking puts the kingdom among the 40 countries with the lowest average …
Danish footwear brand Ecco opens its first store in Mexico
Ecco has made its direct entry into Mexico with a store at Centro Comercial Santa Fe and an online shop now available in the country. The Danish company was founded in 1963 by Birte and Karl Toosbuy i…
Mathematics overtakes medicine as Mexico’s highest-paid degree
Mathematics has displaced medicine as Mexico’s best-paid university career. Graduates in the field earn an average of 29,887 pesos a month, according to the Mexican Institute for Competitiveness, or I…
Bienestar pensions 2026: recipients with surnames beginning C receive deposits today
Beneficiaries of Mexico’s Bienestar pensions whose paternal surname begins with the letter C are scheduled to receive their deposit on Friday, Sept. 4, according to the official calendar. The Septembe…
Aeromexico coupon offers 25% off selected flights in September 2026
Aeromexico’s featured coupon for September is KUESKINUEVO25, which offers 25% off selected flights when customers pay with Kueski Pay. The promotion runs until October 10. To use the code, customers m…
Mexico’s informal economy reaches record share of GDP
Mexico’s informal economy has reached its largest recorded share of national output, accounting for 25.2% of GDP in the first quarter of 2026. The figure marks the highest participation since comparab…
Rolandas refused to pay his fine and proved he was right
Rolandas Gurauskas did not rush to pay two fines issued after his company vehicles were recorded near Klaipėda. He says the penalties were ultimately canceled after he demonstrated that the vehicles h…
Pork prices checked: Will we pay less in autumn too?
Pork became cheaper for shoppers in August. A kilogram of pork neck now costs about 1.50 euros less than it did a month earlier, while meat used for cutlets and steaks has also fallen in price. The mo…
Lithuania Targets a 9% VAT Gap by 2028
Lithuania wants to reduce its value-added tax gap to no more than 9% by 2028. That would put the country below the European Union average of 9.5%. The VAT gap measures the difference between the tax a…
Lithuanian presidency proposes raising budget revenue without new taxes
Lithuania’s presidency says budget revenue can rise without introducing new taxes. One proposed route is to reduce the shadow economy, meaning activity hidden from authorities so that taxes are not pa…
LTG: Transit of Russian grain through Klaipėda is not banned
Russian grain is being moved through Lithuania’s Klaipėda port to third countries because Lithuania’s national sanctions prohibit imports into the domestic market, not transit, the state railway group…
Klaipėda port cannot stop Russian grain shipments
Klaipėda port has handled about 47,000 tonnes of unsanctioned Russian grain this year, most of it corn. Port director Algis Latakas says the port has no right to stop the shipments. The flow of Russia…
Young families can apply for support to buy their first home
Young families will be able to apply for financial assistance to buy their first home beginning September 14 at 9 a.m. Applications will remain open until noon on September 18. The call offers about 6…
Young families will soon be able to apply for first-home support
Young families in Lithuania will soon be able to apply for state support to buy their first home. Applications will open at 9 a.m. on September 14 and close at noon on September 18, the Ministry of So…
Maxima Group reports €169.9 million EBITDA in first half of 2026
Maxima Group’s companies generated €169.9 million in consolidated EBITDA during the first half of 2026, according to information published on the Nasdaq Vilnius exchange. The result was €0.7 million h…
Autumn Brings Back Hearty Dinners as Iki Discounts Pork, Curd and Lithuanian Potatoes
September changes the rhythm of family life. Children return to school and extracurricular activities, holidays end, and weekday schedules become fuller again. Iki is presenting its weekly promotions …
How Can You Build a Million-Euro Portfolio? The Monthly Investment and Time Required
A million-euro investment portfolio may seem as unlikely as a lottery win, but the calculations point to a different mathematics. Starting from zero and setting aside €690 every month could build the …
Panama’s José Raúl Mulino arrives in Guayaquil for talks with Ecuador’s Daniel Noboa
Panamanian President José Raúl Mulino arrived at Guayaquil’s Simón Bolívar Air Base for an official working visit with Ecuadorian President Daniel Noboa. Ecuador’s Foreign Minister Roberto Kury receiv…
Ecuador looks to Japan to expand trade and exports through a free-trade deal
Ecuador is looking to Japan for a new trade opening, but the government has not yet turned its political interest into formal negotiations. President Daniel Noboa and Foreign Minister Roberto Kury out…
The leader who knows how to say no: turning strategic clarity into the hardest advantage to copy
Ask a leader about strategy and the answer often sounds like a list of ambitions: grow, innovate, transform, expand. It all sounds good, but none of it sets the organization apart. A list of aspiratio…
CUTS questions Ghana cement makers’ uniform GH¢12 surcharge
CUTS International, Accra, has questioned the competition implications of Ghana’s cement manufacturers agreeing on a uniform GH¢12-per-bag clinker demurrage surcharge. The public policy think tank sai…
Central EXPO’26 targets jobs, investment and tourism
Central EXPO’26 opened in Cape Coast with an ambitious agenda: attract investment, promote tourism and unlock the economic potential of Ghana’s Central Region. The seven-day event is the fifth Central…
Upper East to pursue GH₵8.6 billion PEARL development plan
The Upper East Regional Minister, Donatus Akamugri, has pledged to pursue an GH₵8.6 billion development and investment blueprint for Ghana's Upper East Region. The proposed 10-year Prosperity through …
Government moves to build a more resilient financial sector as macroeconomic policy awaits Cabinet approval
Ghana is preparing a new macroeconomic policy that the government says will make the country’s financial sector stronger and better able to withstand future shocks. Finance Minister Cassiel Ato Forson…
GPHA posts GH¢2.82 billion profit in 2025 as revenue and returns improve
The Ghana Ports and Harbours Authority closed 2025 with a net profit of GH¢2.82 billion, strengthening its standing as one of the country’s most profitable state-owned enterprises. The result marked a…
BOST Energies pays GH¢34.2 million maiden dividend to Ghanaian government
BOST Energies has paid GH¢34.2 million in dividends to the Ghanaian government, marking the first time the state has received a dividend from the company. The maiden payment formed part of what the co…
Consumers urged to demand fuel quantity tests
Ghana’s National Petroleum Authority is urging consumers to use the 10-litre Measuring Can, popularly known as “Ntease Kuruwa,” when buying fuel. The Authority has intensified public education on the …
Telecel launches 2026 SME Month to drive business growth
Telecel Ghana is shifting its SME campaign away from simply helping businesses start and toward the harder task of making them grow and endure. The company has launched its 2026 Small and Medium-scale…
Housing affordability reaches record low despite falling property prices
Australia’s housing affordability has fallen to its lowest recorded level, with a household earning the median income able to afford only about one in every 10 homes sold last financial year. Data fro…
Trump issues ‘ultimatum’ to Fed as gold prices swing sharply
Gold prices swung sharply on the evening of Sept. 4, dropping as much as $122 an ounce to $4,366 before recovering to $4,442 at 11:20 p.m. The move followed a new intervention by U.S. President Donald…
Trang Tien Ice Cream to stop selling at landmark Hanoi store after nearly 70 years
Trang Tien Ice Cream will close the Hanoi shop that helped make the brand famous, ending sales at 35 Trang Tien Street after nearly seven decades. The store will stop serving customers on September 15…
New businesses outnumber those leaving Vietnam’s market by 6.8 to 1
Vietnam’s tax authorities say the number of companies entering the market this year has reached 6.8 times the number completing procedures to leave it, offering what officials described as a positive …
More new businesses enter Vietnam market, but over 15,400 firms in one sector shut down in eight months
Vietnam’s business market is seeing new entrants while a large number of companies leave. Nearly 206,400 businesses were newly established or resumed operations in the first eight months of the year, …
KienlongBank explains unresolved VND343 billion receivable flagged by auditors
KienlongBank is reviewing a VND343.386 billion receivable after auditors said they lacked enough appropriate evidence to assess the outcome of its reconciliation or determine whether the bank needed t…
Vietnamese medicinal plants can generate more than VND100 million per hectare
Several medicinal crops in Vietnam could generate more than VND100 million per hectare, but experts warn that farmers may lose money if they plant without reliable buyers. At a clean medicinal-materia…
What Are International Buyers Looking for in Vietnamese Goods?
Price may open the door for Vietnamese goods, but international buyers want much more before they place an order. At VIS 2026 in Ho Chi Minh City, business meetings focused on traceability, compliance…
How Much Do Parents Spend Each Year on a Child in a Ho Chi Minh City Public Primary School?
Public primary school students in Ho Chi Minh City will be exempt from tuition in the 2026-27 school year, but tuition-free education does not mean cost-free schooling. Families may still pay for serv…
Iran’s Economy Begins to Feel the Impact of US Sanctions and Blockade
Iran’s economy is beginning to feel the full force of the US sanctions and blockade, with access to foreign currency and imported goods becoming increasingly difficult, according to three senior Irani…
Unauthorized Changes to Common-Area Uses in Apartment Buildings Can Draw Fines of Up to 300 Million Dong
Vietnam’s government has issued Decree 339, introducing administrative penalties for violations in construction, technical infrastructure, housing development and real estate business. The decree focu…
VN-Index rises, but 49 of 55 active equity funds remain down this year
The VN-Index is climbing, but most active equity funds are not sharing in the rise. By the end of the Aug. 28 session, the benchmark stood at 1,832.12 points, up 2.7% from the end of last year. Yet th…
Audit Finds Widespread Overpayments Under Vietnam’s Decree 178 Benefits Program
Vietnam’s State Audit has found mistakes across the implementation of benefit policies under Decree 178/2024 and Decree 67, with some people receiving hundreds of millions of dong more than they shoul…
Can Tho to auction four land plots expected to raise more than VND455 billion
Can Tho plans to auction four plots of land for education and training facilities, with combined starting prices exceeding VND455 billion. The city approved the starting prices on Sept. 4. The largest…
Company left dormant since pandemic hit faces more than 34 million dong in fines to close
A Ho Chi Minh City business that never issued an invoice or generated revenue has cost its owner 34,559,800 Vietnamese dong to complete dissolution procedures after years of inactivity. The company wa…
Why Has Can Tho’s Trillion-Dong Water Park Project Remained Stalled After Recovery Order?
A 1,280 billion dong water park project in Can Tho has remained stalled for years, even after the city revoked the project and reclaimed its land. The project, planned for Cai Khe Ward, was expected t…
Hanoi chairman: Delays are unacceptable when funding and legal grounds are in place
Hanoi Chairman Vũ Đại Thắng has demanded faster implementation across the capital, saying delays cannot be accepted when funding, policy and legal authority are already available. Speaking at the Hano…
Vingroup Corrects 13 Trillion-Dong Deposit Disclosure: It Was Sacombank, Not SCB
Vingroup has clarified that its deposit of more than 13 trillion dong is held at Sacombank, not SCB, after two versions of the company’s financial statements gave different names for the bank. The con…
Volkswagen to cut 100,000 jobs by 2030
Volkswagen plans to cut another 50,000 jobs by the end of the decade, bringing the total number of positions targeted in its restructuring to 100,000. The agreement was reached by company management a…
30-year-old garment company raises hundreds of billions through shares, pivots to beauty services
Royal Healthtech TTG is seeking to reinvent itself, moving from its roots as a garment maker into beauty services and spas. The company, originally established as Thanh Tri Garment Enterprise in 1993,…
Ho Chi Minh City Leader Calls for Procedure Cuts as More Businesses Exit the Market
Ho Chi Minh City Chairman Nguyen Van Duoc has ordered officials to review administrative procedures after noting that more businesses are leaving the market. Speaking at a meeting on the city’s August…
Dissolving a Company and the Cost of Delay
A company that effectively stopped operating in 2013 may have to spend nearly 100 million Vietnamese dong to complete its dissolution more than a decade later. The striking issue is not simply the amo…
Can small transactions use simpler receipts instead of invoices?
Every transaction needs a record, but not every small purchase may need a full tax invoice, according to Ngô Minh Vũ, an expert from the University of Economics Ho Chi Minh City. Speaking to Tuổi Trẻ,…
Volkswagen crisis deepens as company plans 100,000 job cuts worldwide
Volkswagen plans to eliminate 100,000 jobs worldwide by 2030 as the German automaker tries to recover from years of stagnant sales. Owners and employees agreed on the company's future plan Thursday ev…
Volkswagen: “A company like Xpeng could be interesting for German plants”
Christiane Benner rejects the idea that the recent power struggle at Volkswagen can be reduced to a simple victory for management or labor. “That is not the decisive question for me,” she said. “Our c…
GDL strike halts Saarbahn, while replacement buses continue running
Saarbahn trains stood still again on Friday as the German Train Drivers’ Union, known as GDL, called another strike in its months-long pay dispute with the operator. The stoppage began at 1:30 p.m. an…
Emden fears for VW plant’s future, but works council says the door is not closed
Volkswagen’s Emden plant has been left fighting for its future after the automaker agreed on a sweeping savings plan. The works council says the existing agreement protecting production at the site st…
Meissen Porcelain Maker Seeks Stability in a Difficult Market
Meissen’s managing director, Tillmann Blaschke, wants the historic porcelain maker to grow, but he is not prepared to say when the company will return to profit. Speaking on the sidelines of a house f…
After Near Escalation, Is Volkswagen’s Overhaul a Breakthrough or Merely Buying Time?
Volkswagen has approved the framework for the most far-reaching transformation in its history, but the agreement settles less than it appears to. The company’s 20-member supervisory board endorsed the…
VW Is Talking Itself Down, Says Hanover Mayor Onay
Hanover Mayor Belit Onay says Volkswagen's management is talking down its own products and weakening the future of the company's German sites. He reacted angrily to the supervisory board's decision to…
US Trade Representative Sees British EU Ties as a “Problem”
US Trade Representative Jamieson Greer says Britain is still choosing Brussels over Washington in trade, despite leaving the European Union. “Brussels instead of America,” Greer told the Financial Tim…
Agricultural future: Farmers’ association demands reliable policy
Farm families in Schleswig-Holstein want more than praise from politicians. They want policies stable enough to support decisions about new barns, machinery and other long-term investments. Klaus-Pete…
Surprise VW Board Deal Clears Way for Sweeping Cuts and Plant Uncertainty
Volkswagen’s supervisory board appeared headed for a historic escalation, then unexpectedly reached agreement on a savings plan that could reshape the company. Chief Executive Oliver Blume can now pur…
New Passenger Rights: Finally, No More Worrying About Delays Across Europe
Thomas Dittmann knows European rail travel from both sides of the ticket counter. He has held a BahnCard 100 for 19 years and has travelled by train to Vienna, Copenhagen, Malmö and South Tyrol. As a …
VW shares surge to top of DAX after agreement on austerity plan
Volkswagen shares surged nearly 10% to the top of Germany’s DAX after the company reached a surprise agreement on a cost-cutting package. Shares in Porsche SE, Volkswagen’s major shareholder, temporar…
VW cuts: Eastern Germany commissioner says the region must not be left behind
Volkswagen’s restructuring must not leave eastern Germany behind, federal government commissioner Elisabeth Kaiser said after the company announced further job cuts and uncertainty over four plants. K…
Wine Industry Faces “Difficult Times” as Global Consumption Falls and U.S. Tariffs Bite
Chile’s wine industry is confronting falling global consumption, excess production and a new U.S. tariff, but its export reach is helping cushion the impact. At a Wine Day gathering in Santiago, produ…
How the dollar’s trend in Chile affects household finances and inflation
The dollar’s movement reaches Chilean households quickly. When the U.S. currency falls against the Chilean peso, imported technology, cars and basic food products generally become cheaper. When the pe…
Cenco Malls Opens Auto City at Cenco Costanera and Cenco Florida, Bringing Together More Than 25 Brands
Cenco Malls has officially inaugurated Auto City at Cenco Costanera and Cenco Florida. The new automotive space brings together more than 25 brands, expanding the range of products available at the tw…
Venezuela’s inflation falls 11 percentage points in August to 8.9%
Venezuela’s inflation rate fell sharply in August, reaching 8.9% after rising to 19.9% in July, the Central Bank said on Friday. The bank attributed the slowdown to a recovery in distribution channels…
Trudeau urges Mexico not to ‘fall into the trap’ set by the United States in USMCA talks
Justin Trudeau told Mexico not to “fall into the trap” of U.S. pressure during the review of the trade agreement governing North American commerce. Speaking at the annual México Siglo XXI event in Mex…
Cuba’s main trade fair will go virtual as organizers seek a “successful” event
Cuba will move its main international trade fair online this year, but the government says the virtual format can still serve companies that remain interested in doing business on the island. The 42nd…
DNIT puts bank accounts under scrutiny as expert warns of habits taxpayers should avoid
A company sale paid into an owner’s personal bank account may look like a convenient shortcut, but tax expert Nora Ruoti Cosp says it can become a serious accounting problem under Paraguay’s increasin…
Volkswagen doubles planned job cuts to 100,000 by 2030
Volkswagen will cut another 50,000 jobs, taking its planned workforce reductions through 2030 to 100,000, after the company’s supervisory board unanimously approved Chief Executive Oliver Blume’s savi…
Paris closes flat again, unmoved by US job creation
Paris’s main stock index once again ended the day almost exactly where it began, despite stronger-than-expected job creation in the United States. The CAC 40 slipped just 0.09% on Friday to close at 8…
Portugal Opens Negotiations With Lufthansa and Air France-KLM Over TAP
Portugal has decided not to choose between Lufthansa and Air France-KLM yet. Instead, it will give both groups several weeks to improve their offers for a 44.9% stake in TAP, the country’s fully state…
Costanera Fair features flower tunnel and gourmet market for Youth Month
A tunnel filled with orchids and a gourmet market offering everything from seasoned cheeses to Chaco liqueurs have become the main attractions at Asunción’s Costanera Norte. The installations form par…
Wall Street opens mixed after U.S. job growth beats expectations
Wall Street opened mixed on Friday after U.S. employment growth far exceeded expectations for August, renewing fears that the Federal Reserve could raise interest rates at its next meeting. The Dow Jo…
German government welcomes Volkswagen restructuring deal despite 50,000 job cuts
The German government called Volkswagen’s restructuring agreement “good news,” even as the plan will cut 50,000 jobs over the coming years. The company’s supervisory board approved the plan unanimousl…
EmpleaPy Joven offers incentives to Paraguayan small businesses hiring young workers
Paraguay’s Labor, Employment and Social Security Ministry is offering small businesses a financial incentive to hire young people entering the formal workforce. Under the EmpleaPy Joven program, the s…
African swine fever costs Spain €350 million in exports to Japan and Mexico
Spain’s pork industry has lost €350 million in exports to Japan and Mexico after African swine fever disrupted shipments, according to the National Association of Meat Industries, known as Anice. Japa…
Family Agriculture Fair on Asunción’s waterfront offers fresh produce, gourmet foods and flowers
Asunción’s Costanera has turned into a showcase for young Paraguayan farmers, with fresh produce, processed foods, music and a flower-filled walkway on offer at the Family Agriculture Fair. The ExpoFe…
North Sumatra Urged to Promote Geoparks to Foreign Delegates at IMT-GT Forum
North Sumatra has been asked to turn an international economic forum into a showcase for its geoparks. The 32nd Indonesia-Malaysia-Thailand Growth Triangle, or IMT-GT, forum will take place in Medan f…
Poverty Reduction Must Be Built Through an Ecosystem, Minister Muhaimin Says
Social assistance should remain a temporary cushion, not Indonesia’s main answer to poverty, Coordinating Minister for Community Empowerment Abdul Muhaimin Iskandar said in Solo, Central Java. “The ma…
Indonesia’s Mineral Exchange Could Strengthen Its Hand in Global Commodity Markets
Indonesia wants to move beyond producing the world’s minerals and gain a role in setting their prices. The country plans to launch a Mineral and Strategic Commodities Exchange on January 1, 2027, as p…
BNI Uses Customer Feedback to Improve Services on National Customer Day
Bank Negara Indonesia's directors, commissioners and senior executives left their offices to meet customers directly during National Customer Day 2026. The encounters gave the state-owned bank an oppo…
Xanana Gusmao Meets Jokowi in Solo to Discuss Jobs and Economic Development
Timor-Leste Prime Minister Xanana Gusmao thanked Joko Widodo for inviting him to Solo, saying their meeting offered a useful chance to discuss the future of both countries. The conversation at Widodo’…
Budget Cut Leaves National Science Olympiad Champion With Just 3 Million Rupiah, Minister Apologizes
The winner of Indonesia’s National Science Olympiad may receive only 3 million rupiah after a major budget reduction, prompting Education Minister Abdul Mu'ti to apologize. The cuts affected the Natio…
Indonesia gives Rp15 million in start-up capital to 1,000 self-employed workers
Indonesia’s Manpower Ministry is injecting Rp15 million into each of 1,000 established self-employed workers as the government seeks to expand employment through entrepreneurship. The recipients work …
IEU-CEPA to Expand Market Access for Indonesian Products
Indonesia is preparing to turn its completed trade negotiations with the European Union into a deal that could open wider markets for palm oil, footwear, coffee, furniture, agricultural and fishery pr…
Deputy Home Minister Urges Regions to Expand Tax Base Without Burdening Residents
Indonesia’s local governments should find more taxpayers, improve technology and integrate data instead of taking the quickest route of raising rates, Deputy Home Minister Bima Arya said. Speaking at …
Subsidized Beef and Chicken Sell Out at Cirebon’s Cheap Food Market
Residents came in large numbers to Cirebon’s latest Gerakan Pangan Murah, or Cheap Food Movement, held at the Kesambi Dalam football field in Drajat village. Beef proved especially popular, with a ven…
Rupiah Extends Gains, Trading Around 17,600 per U.S. Dollar
The Indonesian rupiah continued to strengthen on Friday, closing at 17,642 per U.S. dollar, according to Bloomberg data cited by Republika. It gained 37 points, or 0.21 percent, from the previous sess…
Indonesia to Revise Rp6 Million Daily Incentive for MBG Kitchens
Indonesia is preparing to end the one-size-fits-all payment for kitchens that prepare meals under the government’s free nutritious meals program. Each nutrition service unit, known as an SPPG, current…
Indonesia gives Rp15 million in startup capital to 1,000 self-employed workers
Indonesia’s Manpower Ministry is providing Rp15 million in business capital to each of 1,000 established self-employed workers in West Bandung, West Java. The money can support business expansion and …
Pupuk Indonesia seeks more accurate distribution of subsidized fertilizer in Takalar
PT Pupuk Indonesia is tightening the administration of subsidized fertilizer distribution in Takalar, South Sulawesi, with the stated aim of ensuring that eligible farmers receive supplies according t…
Indonesia’s parliament highlights errors in subsidy data and urges BPS to fix them
Indonesia’s parliament is pressing the government to correct welfare data after subsidy classifications left some people who need assistance outside the system while including others who do not qualif…
KB Bank Syariah directors hear customer feedback on National Customer Day
KB Bank Syariah’s top executives left their offices for National Customer Day 2026, serving customers directly at branches and listening to their experiences and needs. President Director A. Iwan Ch j…
BPJS Employment Reports Worker Protection Coverage in Yogyakarta at Just 38.08%
Only 38.08% of workers in Yogyakarta Special Region currently receive employment protection, according to BPJS Employment. The figure averages coverage across the region’s four regencies and one city …
The 10 Most Competitive Economies in the World in 2026
Singapore has reclaimed the top spot in the 2026 IMD World Competitiveness Ranking, pushing Switzerland into third place as Hong Kong took second. The Switzerland-based International Institute for Man…
Digitalizing and integrating Islamic finance could help Southeast Sulawesi’s MSMEs move up
A fisherman on the coast of Kendari needs capital to repair his boat. A homemaker in Konawe wants to expand her home business. Both have markets and the determination to grow, yet both face the same o…
JSE suspends another company over late financial statements
Medical Disposables & Supplies Limited has become the fifth company suspended by the Jamaica Stock Exchange in 2026 for failing to submit its audited financial statements on time. The suspension took …
e-EFKA and DYPA to make more than €38 million in payments from September 7 to 11
Greece’s e-EFKA and DYPA agencies will distribute a combined €38.02 million to 69,800 beneficiaries from September 7 to 11 as part of their scheduled payments. e-EFKA will pay €15 million to 800 benef…
Everyday heroines: “I have worked two jobs for 22 years”
For many women, the working day does not end when the first job does. Exhausting routines, overtime and a second job have become part of everyday life for those trying to keep up with both professiona…
EAE 2025: Which farmers must urgently correct their declarations
Certain Greek producers must act by Friday, Sept. 11, 2026, to resolve outstanding issues involving experimental-sowing plots in the 2025 Single Aid Application, known as EAE 2025. The Independent Aut…
Uniformed personnel protest in Thessaloniki ahead of the Thessaloniki International Fair: “Respect the uniform”
“Respect the uniform! Dignity for the person!” rang out at Thessaloniki's White Tower as uniformed personnel from across Greece gathered one day before the opening of the Thessaloniki International Fa…
ELAS: The Government Is Confusing Income with Wealth. Publish Your Costing at Last
The Greek Left Alliance accused the government of confusing income with wealth in the debate over a proposed tax on net assets. In a statement, ELAS sharply criticized Akis Skertsos, saying that he ha…
Athens stocks reach a 17-year high as General Index tops 2,700 points
Greek stocks opened higher, taking the market above 2,700 points for the first time in 17 years. The General Index stood at 2,702.03 points at 11 a.m., up 0.39 percent. It earlier reached 2,707.31 poi…
Kikilias in Kavala: “We are partners in supporting the region’s further development”
Eastern Macedonia and Thrace is not Greece’s far edge, Vassilis Kikilias said during a visit to Kavala. It is a gateway into the country and a region with its own cultural and economic weight. The shi…
Europe’s reindustrialization: What does it mean for Tunisia?
Europe’s push to rebuild its industrial base continues to dominate public debate, even as the project faces uneven conditions across the continent. Entrepreneurs are concerned about the human and fina…
Nabeul seizes 120,000 bottles of mineral water in August
Economic control teams in Tunisia’s Nabeul governorate seized 120,000 bottles of mineral water during August. The teams also recorded 77 economic violations, mainly involving speculation and illegal i…
Tanzania’s creative sector calls for financial and legal reforms
Tanzania’s creative economy is asking for a system built around the way creative workers actually earn a living. At the MELACHA Creative Economy Summit 2026 in Dar es Salaam, industry stakeholders cal…
Can You Still Get a Haircut in Zagreb for Under €20? Residents Share Their Tips
A Zagreb woman turned to Reddit with a practical question: is there still a women's hairdresser in the capital who cuts hair for around €20? She said location was not important and joked that she need…
End of an era? Volkswagen could phase out beloved SEAT brand
One of the car brands most familiar to Croatian drivers could slowly disappear. Volkswagen Group is weighing SEAT’s future after 2030, and one option is to gradually wind down the brand while putting …
Diesel could rise sharply from Tuesday as unofficial fuel prices emerge
Croatian drivers could face a sharp increase in fuel prices from Tuesday, with eurodiesel expected to see the biggest rise. According to unofficial calculations reported by RTL Danas, a liter of eurod…
Good News for Pensioners: Pension Payments Begin September 8, Including a Backdated Increase
The Croatian Pension Insurance Institute has set September 8 as the start date for paying August 2026 pensions into accounts held at commercial banks. The payment will include more than the regular Au…
Worrying trend spreads as major German bankruptcies rise, dragging down entire supply chains
Germany’s wave of major corporate bankruptcies is still growing, and the country’s economic recovery is arriving too late for many companies. The auto industry suffered the most in the first half of t…
Osijek hit with €6.3 million ruling as Opus Arena faces blockade
NK Osijek faces a €6.3 million bill plus statutory interest after an Osijek Commercial Court ruling in favor of construction company Eurokamen, according to local portal Sportalo. The ruling is not fi…
Details of Zagreb budget revision: who benefits most
Zagreb plans to add €186.5 million to this year’s budget, taking total spending to €3.3 billion. The proposed revision, scheduled as the first item at the City Assembly’s Sept. 16 session, would incre…
Chinese Carmakers Show Interest in Producing Vehicles in Austria
Chinese vehicle companies are looking beyond their home market, and Austria is among the European locations drawing their attention. René Tritscher, head of the Austrian Business Agency, said the agen…
Austria’s €500 state-funded child investment account sounds good, but cannot be afforded
A proposal to give every newborn in Austria a €500 state-funded investment account may sound attractive, but the money could be used elsewhere, commentator András Szigetvari argues. Chancellor Christi…
EU Pledges 200 Million Euros for Greenland as Trump’s Annexation Push Raises Stakes
The European Union is preparing a 200 million euro financial package for Greenland, with European Commission President Ursula von der Leyen due to carry the pledge to Nuuk this weekend. Von der Leyen …
Europe prepares for a trade war with China. Who has the upper hand?
Europe is preparing for a possible trade war with China, even as both sides face heavy potential losses. Pressure is mounting inside the European Union for a more confrontational approach, while Germa…
Norway’s sovereign wealth fund plans major cut in US Treasury holdings
Norway’s $2.3 trillion sovereign wealth fund is preparing to reduce its holdings of US government debt in a portfolio shift aimed at improving returns. Norges Bank Investment Management recommended lo…
Closer ties with China would make sense for Europe
Europe should consider closer ties with China because it needs access to the country’s technology and research, according to British China expert Kerry Brown. Brown, a professor of Chinese studies and…
VW reaches surprise agreement on restructuring plan, but key details remain missing
Volkswagen’s supervisory board has reached an agreement on the main points of a restructuring program known as the Future Plan, one day earlier than expected. The decision surprised many observers aft…
German industrial orders rise more than expected in July
German industry secured more new orders than expected in July, but the headline increase depended on a wave of large contracts. Incoming orders rose 2.5% from June after seasonal and calendar adjustme…
Tourist booked a $900 holiday, then hotel demanded more than $10,000
Hubert Bartkowiak planned his trip to Luxor more than a year ahead, booking three rooms for four people through Booking.com. He paid $1,040, or about 895 euros, for three nights at the Luxor View Hote…
Cristian Ghinea reviews Romania’s PNRR results and criticizes the PSD: “They were better at spending money than reforming”
Cristian Ghinea says Romania’s biggest PNRR success is the A7 Moldova motorway, even though the Bacău-Pașcani section will not be fully completed by the original August 31, 2026 deadline. The former E…
Dacia chief warns Mioveni output will fall by double digits, while Duster and Bigster production remains uncertain
Dacia’s Mioveni plant is no longer guaranteed to build the next generations of the Duster and Bigster, according to company chief Mihai Bordeanu. Production at the Romanian factory is also expected to…
How to build a financial history for a mortgage
A credible financial history for a mortgage is built over time, through documented income, payments made on schedule and manageable debt. Approval does not depend on a single month or one indicator. L…
Fuel prices surge in Romania as gasoline hits record and diesel tops 10 lei per liter
Gasoline has reached a historic high at stations operated by OMV Petrom, while diesel has moved above 10 lei per liter across Romania after the country’s largest fuel-market player raised prices. Petr…
Geneva Watch Days Reflects a Fragmented Watch Industry in Transformation
For a few days, Geneva’s watch scene is being shaped less by the industry’s heavyweight brands than by its smaller players. The sixth Geneva Watch Days brings 71 exhibitors into hotels around the lake…
Volkswagen restructuring: Swiss suppliers expected to avoid the worst
Swiss suppliers to the automotive industry are expected to pass largely unscathed through Volkswagen’s sweeping restructuring. Feintool, however, stands out as the company most vulnerable to the Germa…
Why Always Paint Switzerland in Black?
Is optimism about Switzerland still justified? Patrick Nussbaum and André Crettenand answer yes in their new essay, “Switzerland Facing the Chaos of the World,” whose subtitle asks whether prosperity …
COMMENT: Volkswagen Plans Another 50,000 Job Cuts, but Supervisory Board Dodges the Hard Decisions
Volkswagen’s supervisory board avoided the confrontation many expected. It unanimously approved a so-called 2030 future plan late Thursday, but only after postponing the most difficult disputes and re…
Europe must urgently secure its strategic interests
Europe does not lack money. It lacks the ability to put its money to work. That is the central warning from Michael Strobaek, Global Chief Investment Officer at Banque Lombard Odier. Periodic escalati…
Turn in the Fradi City case: Gábor Kubatov says decision was politically driven
Ferencváros president Gábor Kubatov has challenged the government’s handling of the Fradi City project, saying the decision to reject its funding accounts could not have followed a detailed review of …
“I know a colleague who is almost homeless”: Hungarian law enforcement staff in dire condition
Hungary’s law enforcement personnel are in such poor condition that one union spokesman says he knows a colleague who is almost homeless. Lt. Col. Zoltán Tóth, spokesman for the Public Service Police …
What would monthly payments be on a $25,000 home equity loan?
A $25,000 home equity loan would cost about $305.17 a month over 10 years or $240.94 over 15 years, based on an average interest rate of 8.14% as of September 4, 2026. Those figures are higher than th…
Can making a partial credit card payment prevent a charge-off?
A partial payment can reduce what you owe on a credit card, but it may not stop the account from being charged off. For borrowers already several months behind, the amount paid matters more than the f…
U.S. Employers Added 162,000 Jobs in August, More Than Double Forecasts
U.S. employers added 162,000 jobs in August, more than twice the 65,000 increase economists polled by FactSet had expected. The gain marked a sharp acceleration from July hiring. The unemployment rate…
U.S. diesel prices hit record as Vance downplays Iran war impact
U.S. diesel prices reached a record $5.85 a gallon on Friday, adding pressure on travelers ahead of the Labor Day weekend. AAA predicted holiday fuel prices would reach their highest level on record. …
‘Like being inside a giant Lego set’
The Association of Women in Business, known as FKA, began its new working year with a packed event at Eimskip’s headquarters by Sundabakki in Reykjavík. Members learned about the shipping company’s op…
Interest-rate hike moves closer
War, climate change and plastic pollution could soon make Swedish mortgages more expensive. That is the forecast from most major banks after they changed their views on the Riksbank’s next move. The s…
Reader letter: Consumer Agency pressures those already struggling most
It is unreasonable to expect single parents to spend many hours each week searching for discounted food and then cooking every meal, Sophie Trygger writes in a reader letter to *Dagens Nyheter*. Trygg…
Nobel Laureate Philippe Aghion: “Olof Palme Changed My Life”
Philippe Aghion’s world-famous research has made him one of Europe’s most sought-after economists, but his daily life remains concentrated within a few blocks of Paris’s Saint-Michel district. He work…
Small price movements on Stockholm Stock Exchange
The Stockholm Stock Exchange opened almost unchanged, with only minor movements among major companies. H&M led the OMXS30 index with a 1.2% gain. Mining company Boliden moved in the opposite direction…
Zoya Developments Launches The Laureates to Promote Excellence in Dubai Real Estate
More than 1,000 real estate professionals and brokerage representatives gathered at The Ritz-Carlton, DIFC, for the launch of The Laureates, a new annual platform from Zoya Developments. The initiativ…
US diesel prices hit record high as Iran war squeezes voters
A gallon of diesel now costs a record $5.85 in the United States, up from $3.71 a year ago. The increase is hitting the fuel used to move freight, operate farm equipment and power construction machine…
Gateway 2040: Why Dubai investors are eyeing Orlando’s EB-5 infrastructure opportunity
Gateway 2040 is being presented in Dubai as more than a redevelopment project at a busy Orlando intersection. Its manager, Joshua T. Wallack, says the plan could create a new arrival point for one of …
Dangote Refinery shares priced at ₦525 as SEC approves IPO
Dangote Refinery has received regulatory approval to offer 4.1 billion shares at ₦525 each in what could become one of Nigeria’s largest capital-market transactions. If fully subscribed, the initial p…
Oyo clarifies Ogbomoso farm settlement plan, says land not for sale
Oyo State says its plan for parts of the Ogbomoso Farm Settlement is not a land sale, but a long-term project combining farming, housing and economic development. Information Commissioner Dotun Oyelad…
Federal Government to Offer ₦50 Million Grants to 50 Student Entrepreneurs
Nigeria's Federal Government has opened applications for a programme that could give 50 student-led ventures up to ₦50 million each in equity-free funding. The second cohort of the Student Venture Cap…
NDU fee hike: Bayelsa govt orders immediate suspension, urges students to remain calm
Bayelsa State has ordered the immediate suspension of the new school fees regime at Niger Delta University in Amassoma. The directive followed mounting concerns over reported increases in charges at t…
Nigeria is asking the wrong question in petrol subsidy debate, Makinde says
Nigeria’s petrol subsidy debate is focused on the wrong question, Oyo State Governor Seyi Makinde says. The issue, he argues, should be whether the country uses a fair and transparent pricing framewor…
Customs generate N88.9bn, seize N2.16bn goods in Kano
The Kano/Jigawa Area Command of the Nigeria Customs Service collected N88.93 billion between January and September 2026, while its seizures and detentions during the period carried a combined duty-pai…
Atiku condemns Nigerians selling kidneys amid economic hardship
Atiku Abubakar has condemned reports that young Nigerians are selling their kidneys in desperate efforts to survive economic hardship. “I have heard disturbing stories about the extent to which young …
Atiku decries economic hardship driving youth to sell kidneys
Former Vice President Atiku Abubakar has warned that young Nigerians are reportedly selling their kidneys to survive as living costs rise under President Bola Tinubu’s administration. In a post on X, …
Tax reform has reduced burden on low-income earners — Revenue board
Nigeria’s Joint Revenue Board says a year of tax reform has brought relief to low-income earners and micro-scale businesses, rejecting concerns that the changes increased their tax burden. JRB Executi…
Kogi plans ₦8.55bn social investment package for 281,750 beneficiaries
Kogi State has proposed an ₦8.55 billion social investment package targeting 281,750 people across all 21 local government areas. The proposal covers social transfers, livelihood assistance, climate-s…
Economic activities expand as PMI hits 52.7pts —CBN
Nigeria’s economic activity expanded for a third consecutive month in August, with the Composite Purchasing Managers’ Index rising to 52.7 points. The Central Bank of Nigeria said the increase reflect…
Bolt and inDrive move to capture Uber’s Nigerian market share
Uber’s departure from Nigeria has opened the door for rivals Bolt and inDrive to pursue a larger share of the country’s ride-hailing market. Uber announced on September 2 that it would leave Nigeria a…
The Gold Vault Where the US Stores Other Countries’ Bullion, and Why Some Europeans Are Taking It Back
Twenty-five meters below Liberty Street in New York, a 90-ton steel cylinder protects the Federal Reserve’s gold vault, where more than half a million bars belonging to central banks, governments and …
India and Poland review joint action plan as Jaishankar holds high-level talks in Warsaw
Indian External Affairs Minister S. Jaishankar held talks in Warsaw with Polish President Karol Nawrocki and Deputy Prime Minister and Foreign Minister Radosław Sikorski as India and Poland reviewed t…
BRICS Chief Justices’ Forum opens in Delhi as CJI Surya Kant holds bilateral talks
The BRICS Chief Justices’ Forum opened in New Delhi with India’s Chief Justice Surya Kant meeting judicial leaders from across the grouping and its partner countries. The Supreme Court of India is hos…
US trade deficit surges 24.4% to $88.6 billion in July, with $5 billion goods gap with India
The US goods and services trade deficit jumped 24.4% in July to $88.6 billion, an increase of $17.4 billion from a revised $71.2 billion in June, according to the US Bureau of Economic Analysis and th…
Global sugar prices surge 11.9% in August
Sugar prices jumped 11.9% in August, the largest monthly increase among the main food commodities tracked by the Food and Agriculture Organization of the United Nations. The rise reflects a growing li…
President Paz targets the dollar, fuel subsidies and the Constitution after 10 months in office
Rodrigo Paz put the dollar, fuel subsidies and constitutional reform at the center of his account of Bolivia’s first 10 months under his presidency. Speaking in Santa Cruz, he defended his government’…
Cochabamba’s productive sector gives government deadline to answer five demands
Cochabamba’s business, productive and transport sectors have given the Bolivian government until Tuesday, Sept. 8, to answer five demands in writing and with supporting documents. The demands cover fu…
President Paz defends fiscal adjustment and subsidy cuts as the path to putting Bolivia’s economy in order
President Rodrigo Paz defended Bolivia’s fiscal adjustment at the Cainco Economic Forum 2026, presenting lower spending and reduced fuel subsidies as necessary measures to restore the state’s finances…
Cainco puts 10 decisions on the table to tackle Bolivia’s economic crisis
Bolivia knows the problems weighing on its economy: a shortage of dollars, inflation, fuel scarcity and growing difficulty producing and investing. Cainco now says the country must stop repeating the …
Double Grammar zone versus private school: We calculated which option costs less for an Auckland family
For generations, three words have appeared in select Auckland property listings as a powerful promise: “Double Grammar zone.” The label suggests that buying in the right neighbourhood can secure acces…
Higher Fed rate hike odds leave European stocks mixed
Stronger-than-expected U.S. employment growth in August has increased the likelihood that the Federal Reserve will raise interest rates to curb inflation, leaving European stocks mixed. London’s FTSE …
Taiwan tea chain charges extra NT$5 for hot drinks, leaving customers and staff frustrated
A customer ordering a warm milk tea at Taiwan beverage chain Dezheng was surprised to find an extra NT$5 on the bill. The explanation from staff was that hot drinks use more tea. The customer describe…
Taichung’s Blue Line faces NT$100 billion funding gap as council group targets shopping festival budget
Taichung’s MRT Blue Line has a reported funding gap of NT$100 billion, yet the city’s proposed budget for next year sets aside no money to cover it. Instead, the plan includes NT$390 million for the T…
Take a Rate-Hike Pause: Two Fed Officials Say to Give Disinflation a Chance
Federal Reserve Governor Christopher Waller is urging policymakers to give falling inflation more time before raising interest rates again. If August data show that price pressures are continuing to e…
How to Stop Convenience Stores from Draining Your Wallet: Three Simple Rules
Convenience stores make everyday shopping easy, but that convenience can also quietly drain a household budget. Someone who enters intending to buy only a drink may leave with snacks, desserts or newl…
Who is still buying in a frozen housing market? Three Taipei-area hotspots buck the trend
Taiwan’s cooling presale housing market has not stopped buyers everywhere. In Yonghe, New Taipei City, transactions more than doubled in the first half of 2026 from the same period in 2024, making the…
Father Thinks His 38-Year-Old Son Is Broke and Living at Home. The Reality Leaves Him Stunned
For years, 64-year-old Koichi Yoshida, a pseudonym, believed his 38-year-old son could not afford to move out. The son repeatedly cited a lack of money whenever his father urged him to live independen…
Opposition Threatens to Cut NT$233.8 Billion in CPC Funding, DPP Says Parliament Has Descended Into Chaos
Taiwan’s ruling Democratic Progressive Party accused the opposition of turning parliament into chaos after lawmakers threatened to delete NT$233.8 billion earmarked to recapitalize state oil company C…
Sweet and fragrant: Yunlin pomelos brought to Taiwan’s legislature ahead of Mid-Autumn Festival
Yunlin’s Douliu pomelos have arrived at Taiwan’s legislature in a campaign designed to turn seasonal attention into direct support for local farmers. The Yunlin County government held its “Yunlin I lo…
CNEP-Banque Launches New Savings Product for Algerian Individuals
Algerian savers now have another option for managing and growing their money. CNEP-Banque introduced Epargne Progress on Thursday as a savings product reserved for individual customers. The new formul…
Who is Mohand Bourai, the new governor of the Bank of Algeria appointed by Tebboune?
Mohand Bourai has taken charge of the Bank of Algeria after building his career inside the country’s banking sector. Bourai officially assumed the central bank governorship in Algiers on Thursday, Sep…
Diesel in Serbia Hits Record High
Diesel in Serbia has reached a historic high, exceeding the record set during the energy crisis that followed Russia’s invasion of Ukraine. From September 4 to 11, the maximum price for a liter of eur…
Frankfurter Rundschau: Purchasing power shapes Europe’s wealth threshold, with Serbia near the bottom
A three-person household in the European Union needs average annual net income of €71,000 to be considered wealthy, but the figure varies sharply across countries. Purchasing power changes the picture…
BIRODI: Serbia’s central bank did not confirm NGOs received €1.3 billion from abroad, as Dragović claims
BIRODI says the €1.3 billion figure being presented in Serbian media as foreign funding for NGOs does not mean what its proponents claim. The Bureau for Social Research cited two official responses fr…
US Treasury Chief Blames High Fuel Prices on Ukraine’s Attacks on Russian Energy Assets
Scott Bessent tried to place part of the blame for rising energy prices on Ukraine’s attacks against Russian oil facilities. In an interview with Fox News, the US treasury secretary said the strikes w…
Mulino visits Ecuador to discuss security, trade and investment with Noboa
Panamanian President José Raúl Mulino arrived in Guayaquil on Friday, Sept. 4, for a meeting with Ecuadorian President Daniel Noboa at the Simón Bolívar Air Base. Their agenda included trade and inves…
Slovenia depends on strong cohesion
“Without smart investment from European money, there will be no development, only firefighting,” the Slovenian article says as European Council President António Costa visits Prime Minister Janez Janš…
Apollo Digital: How the Agency That Guarantees Results Works
Apollo Digital makes a promise few agencies in Slovenia offer: it puts the result guarantee in the contract. Clients and the Ljubljana-based agency agree in advance on measurable goals, such as the nu…
Three Years of an Income Cliff After Retirement: “I Kept Knocking Until a University Lecture Hall Opened”
Seven faded reporting notebooks and eight books sit on Kang Seong-gon’s table, holding 37 years of his professional life. The 64-year-old spent that career as a KBS announcer focused on broadcast lang…
Despite Stronger-Than-Expected U.S. Jobs Data, Trump Pressures Fed to Cut Rates
Donald Trump renewed his pressure on the Federal Reserve to cut interest rates shortly after the release of August employment figures that exceeded expectations by a wide margin. The president issued …
Editorial: South Korea must persuade Washington that semiconductor tariffs would hurt US companies too
Washington’s pressure for semiconductor production on US soil is becoming more explicit. Commerce Secretary Howard Lutnick said the United States was considering “targeted and sophisticated” semicondu…
Deputy Prime Minister Nominee Held Apartment for 17 Years but Lived There for Just Four Months
Lee Hyeong-il, the nominee for deputy prime minister and finance and economy minister, has held an apartment in Gwacheon for 17 years but lived there for only four months. The disclosure has drawn att…
Hong Ji-sun’s 1 Billion-Won Apartment: Was It Really a Highly Leveraged Buy? The Timing Was Impeccable
Hong Ji-sun, South Korea’s nominee for land and transport minister, reported assets worth 829.87 million won, including a Seoul apartment whose value has risen substantially since the couple bought it…
Public Agency Mergers Set to Trigger Shake-Up of Executives and Directors
The government’s plan to merge or consolidate about one-fifth of South Korea’s public institutions is expected to bring a major shake-up for agency heads and senior managers. Officials say jobs and ne…
Public Agency Mergers Set to Force Out Many Yoon-Era Chiefs
South Korea’s plan to merge 109 public institutions is expected to end the tenures of many agency chiefs appointed under former President Yoon Suk Yeol, with roughly 100 top positions set to disappear…
US chip tariff plans could derail South Korea’s three semiconductor megaprojects
Washington is preparing a semiconductor tariff policy built around a simple demand: companies that manufacture chips in the United States would pay less, while those that do not could face higher cost…
“I’ll rent instead of buying a home”: 1.2 million high-income young US households turn to stocks
For a growing number of high-income young Americans, buying a home no longer looks like the automatic next step. Instead, they are renting and putting money into stocks and other financial assets. The…
Limited-Edition Yogurt Chapssaltteok Heats Up Convenience Stores, Surpassing 100,000 Sales
A limited-edition yogurt chapssaltteok is proving that a popular dessert can travel from a specialty shop to convenience-store freezers. Lorolmelo said its collaboration with dessert brand Hanjeongseo…
Japan’s Local Governments Set Average Minimum Wage at 1,177 Yen, Above Government Recommendation
Japan’s 47 prefectures have settled on an average new minimum wage of 1,177 yen per hour, one yen higher than the benchmark proposed by the central government’s wage council. The new rates will take e…
Samsung’s Cross-Company Union Will Put Honam Semiconductor Investment on 2027 Bargaining Agenda
Samsung Electronics’ cross-company union says it will press ahead with plans to place the Honam semiconductor investment project on the agenda for 2027 collective bargaining, despite new government gu…
KOSPI Closes 1.6% Higher as Won Briefly Strengthens Below 1,350 per Dollar
South Korean stocks rallied on Sept. 4 as stabilizing U.S. Treasury yields helped lift Wall Street, pushing the KOSPI into the 6,680 range. The benchmark closed at 6,687.21, up 1.64% from the previous…
Online Hanwoo Market to Offer Chuseok Discounts Ahead of Holiday
Consumers preparing for Chuseok will be able to buy Hanwoo beef online at discounted prices from Sept. 7 to 10. The four-day event, organized by the Hanwoo Beef Promotion Committee, will offer grillin…
Hanyang University Job Fair Draws More Than 100 Companies, Largest Since COVID-19
More than 100 companies and institutions gathered at Hanyang University’s Seoul campus for what the university described as its largest job fair since COVID-19. Samsung, Hyundai, LG, POSCO, GS, Shinse…
South Korea delays stricter delisting rules for low-market-cap companies by six months
South Korea will give listed companies six more months before applying stricter market-capitalization rules for delisting, after a sharp deterioration in the KOSDAQ market prompted calls for a delay. …
Four U.S. Advanced-Industry Companies Plan $2.8 Billion in South Korean Investments
Four U.S. advanced-technology companies plan to invest about $2.8 billion in South Korea, targeting the materials, equipment and energy systems that support semiconductors and artificial intelligence.…
HD Hyundai and Lotte Launch H&L Advanced in First Major South Korean Petrochemical Restructuring Deal
H&L Advanced has begun operations in South Korea’s first integrated company created under the government’s petrochemical restructuring drive. The company held its launch ceremony on Sept. 4 at the Dae…
South Korea Says Public-Institution Restructuring Is Not Primarily About Cutting Costs
South Korea’s government says its plan to reduce or consolidate 109 public institutions is aimed less at saving money than at preparing for rapid industrial change and continuing complex crises. A Fin…
Won-Dollar Rate Falls 8.9 Won to Close at 1,350.4, Lowest in 14 Months
The won-dollar exchange rate closed in the low 1,350-won range, falling 8.9 won to 1,350.4 won in Seoul on Sept. 4. That marked its lowest weekly trading close since June 30 last year, when it stood a…
Has South Korea’s “roller-coaster KOSPI” finally settled? VKOSPI falls below 40 after six months
South Korea’s “fear index” fell below 40 during trading on Sept. 4, offering a sign that the market’s recent roller-coaster ride may be easing. The KOSPI 200 Volatility Index, known as VKOSPI, stood a…
IBK Bank Retains Suwon City Treasury Contract Through 2030
IBK Industrial Bank of Korea will continue managing Suwon’s municipal treasury through 2030 after the city reselected it for the next contract period. The bank signed an agreement with Suwon Special C…
Korea United Pharmaceutical renews Ukraine GMP certification, steps up Eastern Europe push
Korea United Pharmaceutical’s Sejong Plant 1 has cleared a strict Ukrainian on-site inspection and renewed its Good Manufacturing Practice certification, giving the company a stronger platform in East…
Renault Korea bets on quality with an industry-leading seven-year warranty
Most automakers set their standard warranty at five years or 100,000 kilometers. Renault Korea is taking a different route, offering seven years of coverage and making warranty length part of its qual…
“I’m Done with What Everyone Else Likes”: Consumers Spend on Small, Certain Pleasures
“I’m done with what everyone else likes.” That attitude is shaping a new pattern of consumption in South Korea, where people are choosing small pleasures that fit naturally into daily life instead of …
Deputy Prime Minister Nominee Lee Hyeong-il Reports 3.18 Billion Won in Assets
Lee Hyeong-il, the nominee for deputy prime minister and minister of economy and finance, reported 3.17593 billion won in assets held by himself, his wife and his children. The figures appeared in a c…
Kim Cheol-woo: “Do not treat entrepreneurship as sacred. Just take the leap”
“Korean founders are highly capable in the global market. But perhaps because humility is considered a virtue here, not many people talk openly about big dreams.” That is how Kim Cheol-woo, chief exec…
US sanctions Turkish bank, calling it a ‘critical financial lifeline’ for Iran
The United States has imposed sanctions on Golden Global Yatirim Bankasi Anonim Sirketi, a Turkish bank that the US Treasury described as a “critical financial lifeline” for Iran. The Treasury accused…
DF welcomes deal to move controversial Nørrebro market out of Copenhagen
Copenhagen’s controversial market beneath Nørrebro Station could be transformed under the municipality’s new budget agreement. The parties behind the agreement have allocated two million kroner to inv…
Business update: Car giant cuts 100,000 jobs as stock market cheers
Volkswagen is swinging a very large cost-cutting axe, while investors are cheering the move, according to this business update. The roundup also points to another problem facing Energinet, Denmark’s h…
US adds 162,000 nonfarm jobs in August, far exceeding forecasts
The US labor market delivered a surprise in August, adding 162,000 jobs outside agriculture after losing 23,000 jobs the previous month. The unemployment rate stayed at 4.1%, unchanged from July. The …
Denmark’s economic commentator needs to return to economics school
If Thomas Bernt Henriksen spent his time on sound economic analysis instead of misguided political grumbling, he would see that his criticism collapses on three central points, Jakob Engel-Schmidt wri…
Danish tax agency finds signs of social dumping at companies across the country
A nationwide inspection has found signs of social dumping at 28 companies in Greater Copenhagen, Southern Jutland and Funen. The Danish Tax Agency carried out the operation on Aug. 20 with the Danish …
Norway’s Sovereign Fund Proposes Deep Cuts to US Treasury Holdings
Norway’s $2.3 trillion sovereign wealth fund could sharply reduce its holdings of US government debt under proposals aimed at reshaping its bond portfolio and improving returns. Norges Bank Investment…
Norway’s Wealth Fund Proposes Major Cut to U.S. Treasury Exposure
Norway’s $2.3 trillion sovereign wealth fund could cut nearly $80 billion from its U.S. Treasury holdings under a proposed overhaul of its bond investments. The reduction would bring its Treasury hold…
Armani Faces an ‘Inevitable Evolution’ One Year After Its Founder’s Death
One year after Giorgio Armani’s death, the fashion house he built is facing a test that goes beyond succession: how to change without losing the identity that made the brand famous. Armani died at 91 …
Saudi Debt Market Gathers Pace as Sovereign, Bank and Corporate Borrowing Converges
Saudi Arabia’s government, banks and companies are arriving in the international debt market at the same time. The convergence points to a widening reliance on borrowing as the kingdom finances budget…
UN Investigators Urge Iran to Withdraw Bill Punishing Foreign Contact
The United States has imposed new sanctions on Cuba in what experts describe as a fresh effort to tighten pressure on the island’s economy and deepen its worsening crises. The measures target Fidel Er…
2 Trapped Workers Rescued from Hydropower Tunnel 9 Days after Nepal Floods
The United States has imposed new sanctions on Cuba in a push that critics say is designed to deepen the island’s economic and energy crises. The measures target Fidel Ernesto Castro, grandson of form…
Saudi Arabia Chairs 118th Session of Arab League Economic and Social Council
Saudi Arabia chaired the 118th ministerial session of the Arab League’s Economic and Social Council on Thursday at the organization’s headquarters in Cairo. Abdullah bin Zaraah, Saudi assistant minist…
Uzbekistan joins countries that sold the most gold in July
Uzbekistan’s central bank joined Russia, Turkey and Jordan in selling gold in July 2026, according to figures cited by 24.kg. Each of the Uzbek, Turkish and Jordanian regulators sold one tonne, while …
Production zone planned on land transferred from Uzbekistan to Kyrgyzstan
A new production zone is planned on 105 hectares of land transferred by Uzbekistan to Kyrgyzstan, according to the Osh city administration. Osh's mayor and representatives of the Defense Ministry insp…
Kyrgyzstan’s apple growers can now send their harvest for processing as new plant opens
Kyrgyz apple growers will have a new outlet for fruit that cannot meet market standards after Global ECO Green began operations in Ala-Buka district of Jalal-Abad region. Starting October 1, growers c…
Kyrgyzstan officials discuss securing fuel and lubricant supplies
Kyrgyzstan held a regular meeting on how to keep fuel and lubricants flowing to the population and the economy, as officials reviewed the current state of the petroleum products market. The meeting to…
Capital of Azerbaijan-Kyrgyzstan Development Fund Doubled to $200 Million
The Azerbaijan-Kyrgyzstan Development Fund has doubled its capital to $200 million from $100 million. Kyrgyz Cabinet Chairman Adylbek Kasymaliyev signed a second supplemental agreement amending the ac…
Bitcoin rises after positions held by nearly 99,000 traders are liquidated
Nearly 99,000 traders had positions liquidated across global cryptocurrency exchanges over the past 24 hours, with the combined value reaching $557.05 million, according to data from Coinglass. Bitcoi…
Kyrgyzstan to Require Tour Operators to Insure Tourists
Tour operators in Kyrgyzstan will have to insure tourists under rules approved by the Cabinet of Ministers. The coverage must protect tourists through medical insurance or accident insurance. The rule…
OPEN SECRETS: Digital Profiteers (Part 3): How combating fraud in SA’s digitalised grants system hurts the poor
South Africa’s drive to save money by reviewing social-grant recipients is creating new risks for the people the system is meant to support, Open Secrets argues in the final instalment of its three-pa…
Argentina’s Milei vows Falklands oil sanctions in sovereignty push
Javier Milei is sharpening Argentina’s sovereignty campaign over the Falkland Islands, threatening oil companies with sanctions as exploration moves closer to becoming a reality. In a televised nation…
STUDENT FUNDS: NSFAS’ R10bn hole — housing costs blamed as universities left in the lurch
South Africa’s student funding scheme says its budget crisis has grown so severe that accommodation now costs it more than tuition. The National Student Financial Aid Scheme, or NSFAS, estimates its t…
What raising the Livret A savings ceiling to €30,000 would change for France and savers
Raising the ceiling on France’s Livret A savings account to €30,000 could direct nearly €10 billion in new resources each year toward climate adaptation, according to Ecology Minister Monique Barbut. …
Donald Trump threatens to stop trading with countries if the Fed does not cut interest rates
Donald Trump is threatening to stop trading with certain countries if the Federal Reserve refuses to cut interest rates. The U.S. president also called on American central bankers to be “patriots.” Th…
EU Set to Announce €200 Million Greenland Aid Package, Financial Times Reports
Ursula von der Leyen is expected to arrive in Greenland this weekend with a proposed €200 million European Union funding package, according to the Financial Times. The European Commission president is…
Zondacrypto Scandal: Polish Government Prepares New Cryptocurrency Bill as PiS Defends Nawrocki’s Decision
Poland’s government is preparing another cryptocurrency bill after the Sejm failed to overturn President Karol Nawrocki’s veto. The new draft is being developed at the Finance Ministry, according to l…
Strong Finish to the Week in Warsaw as WIG20 Hits Record High
Investors moved more confidently into buying before the weekend, pushing Warsaw’s WIG20 index to a historic high of 4,090 points. The index gained nearly 1.4% by the end of Friday’s session. Buyers al…
Polish Broker’s Corn Train Stuck at Dorohusk Border Crossing
A train carrying more than 2,000 tonnes of corn has been stranded at Poland’s Dorohusk border crossing, putting a shipment bound for Iceland at risk. Polish customs officials are refusing to allow the…
Poland Faces a Truly Severe Deficit
A deficit of 282 billion zlotys is the feature of Poland’s draft 2027 budget that most concerns economist Piotr Arak. “Everything else the market can more or less forecast,” Arak, VeloBank’s chief eco…
Russia builds alternative payment system as sanctions lose effectiveness
Between half and 80% of Russia’s cross-border settlements now move through “alternative channels” rather than traditional banking infrastructure. The shift reflects Moscow’s effort to keep trade movin…
Polish Parliament backs less paperwork for companies under commercial code changes
Poland’s Sejm unanimously backed changes intended to reduce paperwork for companies, with all 441 lawmakers voting in favor. The bill now moves to the Senate. The amendment would make it easier for co…
Dominican Republic and El Salvador discuss technical cooperation initiatives at first joint commission meeting
Mutual benefit, reciprocity and shared learning set the tone as El Salvador and the Dominican Republic held their first Joint Commission meeting on technical cooperation at El Salvador’s Foreign Minis…
Uruguay’s Defense Ministry opens applications for painter’s assistant job paying $82,627
Uruguay’s Ministry of National Defense is offering a painter’s assistant position with a nominal salary of 82,627 pesos, based on 2026 values. The job is based at the Armed Forces’ National Health Dir…
U.S. Automakers Urge Congress to Ban Chinese Cars
A group representing major automakers is urging the U.S. Congress to shut the door permanently on Chinese vehicles. The group wants lawmakers to approve a bill by the end of the year that would preven…
Do You Put Hot Food in the Fridge? Five Habits That Unnecessarily Raise Your Bills
Some everyday refrigerator habits can quietly push electricity bills higher. Worn seals, dust on the grille and poorly arranged food are among the avoidable problems highlighted. The article recommend…
Daimler Truck plans to build up to 25,000 vehicles a year in Cheb. Here is what they will look like
A new Daimler Truck project could bring more than 1,000 skilled jobs to Cheb and eventually produce up to 25,000 tractor units each year. The project will be presented publicly for the first time duri…
Olympic medalist brings professional expertise to Turkey’s domestic defense production
Yusuf Dikeç’s calm presence and distinctive competition style made him internationally recognizable. Now the Paris 2024 Olympic silver medalist is bringing that experience into a long-term partnership…
Retirees in Mersin Condemn High Inflation: “We Will Demand Accountability at the Ballot Box”
Retiree groups in Mersin have rejected Turkey’s official inflation figures as unconvincing and accused the government of pushing pensioners deeper into poverty. Members of the 2021 All Retirees’ Union…
Viennalife Adds a New Dimension to Premium-Refund Life Insurance
Viennalife is expanding its premium-refund life insurance offering in Turkey with a new product designed to provide benefits before the policy term ends. The Gradual ROP 70+30 Life Insurance policy al…
Yankı Bağcıoğlu calls for a Ministry of Maritime Affairs
Retired Rear Admiral Yankı Bağcıoğlu has called for Turkey to establish a Ministry of Maritime Affairs, saying the country’s maritime policies should no longer operate through a fragmented structure. …
A second retirement alongside SGK: Is it possible to receive two pensions?
Turkey’s Individual Pension System, known as BES, offers workers a way to build a second retirement income alongside the pension they may eventually receive from the Social Security Institution, or SG…
Kazakhstan outlines pension reform and plans to expand professional asset management
Kazakhstan plans to give professional asset managers a larger role in managing retirement savings held by the Unified Accumulative Pension Fund. National Bank Chairman Timur Suleimenov said selected f…
EDB Launches PPP Scholarship Program at Eurasian National University
The Eurasian Development Bank has launched a scholarship program at L.N. Gumilyov Eurasian National University to develop research and practical expertise in public-private partnerships in Kazakhstan.…
Kazakhstan and Laos seek to expand trade through agriculture and transport links
Kazakhstan and Laos want geography to work in their favor. Kazakhstan is offering its trade and logistics network as a bridge for Lao products to reach Central Asian and wider Eurasian markets, while …
Kazakhstan eases stock-market access, but liquidity remains the key challenge, expert says
Kazakhstan wants to make it faster and cheaper for companies to enter the stock market, but a business analyst says the proposed reforms may not address the market’s main weakness: a lack of investor …
Taoiseach accepts Ireland’s heavy reliance on corporate tax is a concern
Taoiseach Micheál Martin has acknowledged that Ireland’s dependence on corporation tax has become a concern, even as receipts continue to rise. Corporation tax revenue reached €2.8 billion in August, …
59% rise in home-heating oil cost since last September
The average cost of filling a standard 1,000-litre home heating oil tank in Ireland has risen to €1,443.88, compared with €909.24 in September 2025. That puts the year-on-year increase at 59%, or €534…
Bloody Grain: How Latvia and Lithuania Are Responding to the Rapidly Growing Transit From Russia
Russia is rapidly shifting grain exports toward the Baltic as Ukrainian strikes reduce its capacity in the Black and Azov seas. In Latvia and Lithuania, the change has quickly turned into a political …
Talentlab in Pelt Aims to Help Job Seekers Navigate the Labour Market: “We’ll Add Another Campus Here”
A new 250-square-metre centre in Pelt is designed to help people find their way through a changing labour market, whether they are looking for work, considering a career change or simply trying to kee…
Fruit grower sends 50 seasonal workers home after hotel accommodation in Borgloon is cleared: “Very unfair”
Gaston Derwael says he must send 50 seasonal workers back to Romania after the accommodation they used at the Château de Looz estate was cleared. For the workers, he says, the sudden loss of housing i…
New Belgian government bond becomes the most popular ever without a tax benefit
Belgium’s latest government bond raised more than €1.2 billion without the tax incentive that helped drive earlier record issues. The total ranks as the second-highest ever, according to the Debt Agen…
TEC fares will rise, a setback for Walloon travelers
Travelers using Wallonia’s TEC public transport network should expect to pay more for a 90-minute single ticket, which currently costs 2.80 euros. Jean-Michel Soors, chief executive of LETEC, confirme…
More people are working past the legal retirement age. Here’s why
The new pension bonus appears to be persuading more people to keep working after reaching the legal retirement age. In the first half of 2026, workers aged 66 and over represented 2.03% of the workfor…
Conflicts and extreme weather push global food prices to a four-year high, UN warns
Global food prices have reached their highest level in four years, with war, extreme weather and disrupted trade tightening supply expectations, the United Nations Food and Agriculture Organization sa…
U.S. job market rebounds as employers add 162,000 jobs
The U.S. labor market delivered a stronger-than-expected rebound in August, with employers adding 162,000 jobs and the unemployment rate holding at 4.1%. The Labor Department's report exceeded the 65,…
PAM Breaks Off Nearly Three Years of Talks With Wolt
After almost three years of negotiations, Finland's Service Union United PAM has suspended talks with Wolt over the employment terms of food couriers. The union said the gap between the sides had beco…
Oura defends smart-ring dominance as US listing draws closer
Oura’s long-awaited US stock-market listing moved closer late Thursday when the smart-ring company published its prospectus. The filing portrays a company growing quickly and generating strong profits…
Global food prices climb to highest level since late 2022
Global food prices rose in August to their highest level since late 2022, as extreme weather and trade disruptions increased pressure on supplies of staple crops. The United Nations Food and Agricultu…
Egypt to raise entry visa fees from January 2027
Egypt will introduce a standardized administrative fee of $15, or the equivalent in foreign currency, for entry visas, transit visas and selected consular services provided by its diplomatic missions …
DRC housing bank: What solutions can address the housing crisis?
The Democratic Republic of Congo is considering the creation of a housing bank as the country faces a deficit estimated at about 4 million housing units, according to UN-Habitat. Building a compliant …
Estonia’s new-car market surpasses all of last year’s sales in eight months
Estonia’s new passenger-car market has already exceeded its entire 2025 sales volume, with eight months of this year still recorded. Dealers registered 1,486 new passenger cars in August, 51% more tha…
GOOD TO KNOW: How to protect yourself, or even profit, when a flight is canceled
Copenhagen, Barcelona, London, Nice and Gran Canaria are among the direct destinations affected as Latvian airline airBaltic removes numerous routes from its Tallinn schedule. Flight cancellations als…
Luminor Rejects About 10% of Home-Loan Applications at Initial Review
Submitting a home-loan application may be quick and easy, but banks examine a customer’s finances and payment record before approving long-term borrowing. Luminor says about 10% of applications are re…
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Industrial Production Began Growing Again in July
Estonian industrial companies increased production by 2.3% in July 2026 compared with the same month a year earlier, measured at constant prices, Statistics Estonia reported. Output rose across all th…
Kuria warns Kenya will fall behind regional rivals without industrial policy change
Kenya risks falling behind Uganda, Ethiopia, Tanzania and the Democratic Republic of Congo unless it changes how it uses its natural resources, former Investments, Trade and Industry Cabinet Secretary…
Egg prices hit record high in Nepal
Egg prices in Nepal have reached a new record after the Nepal Layers Poultry Farmers Association raised farm-gate prices for most varieties by Rs 15 per crate. Under the new price list, XL eggs rose f…
Goods entering through Korala can now be cleared at Chobhar dry port
Goods entering Nepal through the Korala border point in Mustang can now travel directly to Kathmandu for customs clearance at Chobhar Dry Port. The Department of Customs has designated a route running…
Xi plans to take a large CEO delegation to Washington, sources say
Xi Jinping is preparing an unusually large business delegation for his planned Sept. 24 summit in Washington, according to two sources familiar with the discussions. Reuters could not determine which …
US trade tensions fuel Canadian patriotism as shoppers shun American goods
At a supermarket in Windsor, maple leaves now identify products made in Canada as shoppers respond to the growing trade dispute with the United States. Employee Stacy Drouillard said the store was try…
Gender and the Budget: CFAF 50 Billion to Accelerate Equality
Cameroon is putting CFAF 50 billion behind its effort to make the national budget a tool for gender equality. The amount, included in the 2026 Finance Law, will support women’s empowerment and youth e…
The state hires poorly, people exploit the system and taxpayers pay millions, analysts say
The Guatemalan state can hire someone for a few months and end up paying that person for years. A series of labor lawsuits has exposed how temporary contracts can become million-quetzal liabilities fo…
How an Italian internet provider shows the cost of Europe’s lack of autonomy
A small Italian internet provider has lost its bank account after the United States placed it on a sanctions list more than a week ago. The provider is run by a left-wing volunteer collective that the…
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Anwar backs tighter oversight of Tabung Haji investment arm
Prime Minister Anwar Ibrahim has endorsed a proposal to place Lembaga Tabung Haji’s investment activities under tighter statutory supervision, either by the Securities Commission or Bank Negara Malays…
4Nadi café puts Fiji cocoa on the menu
Vanua Coffee has opened in Nadi, giving Fiji-grown cacao a new place in the local market. The café is part of Vanua Chocolate’s expansion and brings the company’s locally made chocolate closer to cons…