Browsing: Business

– In July 2026, South Korea’s automobile export value surged by 7.0% compared to the same month last year, reaching US$6.24 billion. This milestone set a new record for July and surpassed the previous high of US$5.90 billion set in

– Across the United States and Europe, diesel costs remain high due to limited inventories and refinery disruptions, which have curtailed the availability of finished fuel. U.S. ultra-low sulfur diesel futures surged 7.4% on Monday to reach $4.19 a gallon,

– Gold continued its upward momentum for a third straight session on Tuesday, extending its rebound from last week. The spot price increased by 1% to $4,432.74 per ounce by 0217 GMT, reaching its highest point since June 5. Meanwhile,

– According to official data, Denmark’s inflation rate for the year slowed to 1.7% in July from 1.9% in June. Statistics Denmark reported that consumer prices increased by 1.3% from the month prior. The core inflation rate remained steady at

– According to an evaluation from Triodos Bank, widespread heatwaves and drought conditions across Europe may shave about 1% off the European Union’s economic output in 2026. This loss, approximately €180 billion, arrives amidst a year already marked by sluggish

– South Korea is experiencing significant surges in fresh food costs as unprecedented heatwaves damage farms and cut vegetable yields. Data from Korea Agro-Fisheries & Food Trade Corp. indicated spinach hit 1,978 won per 100 grams on Aug. 7, representing

– Following extensive multilateral negotiations in Brussels over several months, European space authorities have finalized a significant upgrade to the continent’s leading satellite communications system on Friday. The European Commission officially announced the signing of a contract to expand IRIS2

– A record-breaking $49.73 billion was reached by South Korea’s current account surplus in June, driven largely by a boom in semiconductor exports. The Bank of Korea documented a significant rise from the previous peak of $38.61 billion in May.

– Eurozone manufacturing strengthened in July as factory output reached its fastest pace in nearly four and a half years. The S&P Global manufacturing PMI rose to 51.9 from 51.4 in June. A reading above 50 signals expansion. The final

– The European Union has officially launched the Scaleup Europe Fund, setting a target of raising €5 billion. The European Commission finalized the legal framework for the fund on August 4. Operating within the European Innovation Council Fund, it concentrates