Browsing: Business

– In July 2026, South Korea’s vehicle exports hit a new high of US$6.24 billion, marking a 7.0% increase compared to the same month last year. This figure not only set a new record for July but also surpassed the

– Throughout recent weeks, diesel prices have remained persistently high across the United States and Europe, driven by tight inventory levels and refinery disruptions that have constrained the availability of refined fuel. On Monday, U.S. ultra-low sulfur diesel futures surged

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

– In July, official data revealed that Denmark’s inflation rate for the year slowed to 1.7% from 1.9% in June. According to Statistics Denmark, consumer prices saw an increase of 1.3% compared to the previous month. The core inflation rate

– Extreme heat and drought across Europe could remove about 1% from European Union economic output in 2026, according to an assessment by Triodos Bank. The estimated loss equals roughly €180 billion and comes during an already weak growth year.

– South Korea is witnessing a dramatic surge in fresh produce costs as unprecedented heatwaves hamper agricultural output and diminish vegetable supplies. Data from Korea Agro-Fisheries & Food Trade Corp. indicate that spinach reached 1,978 won per 100 grams on

– Last Friday, European space authorities sealed a significant deal to enhance the EU’s leading satellite communications system, following extensive multilateral negotiations in Brussels over several months. Confirming the development, the European Commission announced the signing of a contract to

– South Korea’s current account surplus reached a record $49.73 billion in June as semiconductor exports surged. The Bank of Korea reported a sharp increase from the previous record of $38.61 billion in May. June also extended the country’s current

– 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 formally established the Scaleup Europe Fund with a €5 billion fundraising target. The European Commission completed the final legal steps on August 4. The fund operates within the European Innovation Council Fund and focuses on