The value of Asian currencies fell on Thursday as a result of the strengthening of the US dollar and the hawkish monetary policy of the US Federal Reserve. There were declines in the value of the Indian rupee, South Korean won, Taiwanese dollar, Philippines peso, Thai Baht, China renminbi, and Singaporean dollar. On Thursday, the … Read more
According to new data released on Wednesday, people in poorer countries suffer disproportionately from air pollution caused by the global epidemic of forest and field fires. Landscape fires can be planned or uncontrolled, like the wildfires that have torn through nations like Algeria, Canada, and Greece this year, and can occur in forests, shrubs, grass, … Read more
In anticipation of this week’s expected U.S. rate decision, investors watched developments carefully as South Korean markets nearly closed flat on Wednesday. The local currency fell in value compared to the dollar. To end the day at 2,559.74, the benchmark Korea Composite Stock Price Index gained 0.53 points, or 0.02 percent. With 407.3 million shares … Read more
According to central bank data released on Wednesday, the public account deficit in South Korea reached an all-time high in 2022, mostly as a result of an increase in COVID-19 payments to small business owners and a spike in commodity prices. According to preliminary figures from the Bank of Korea (BOK), the country’s public account … Read more
In its 2024 budget released on Wednesday, the Swedish government pledged tax reductions as well as increased funding for welfare, defense, and the criminal justice system, but warned that expenditure would need to be constrained in order to keep inflation under control. According to a statement by the finance minister, Elisabeth Svantesson, “Sweden continues to … Read more