Turkiye’s economy cools more than expected in first quarter
ANKARA: Turkiye's economy cooled in the first quarter of this year (1Q26) as the central bank moved to tighten monetary policy to deter risks related to the Iran war.
Export growth hits new highs on AI chip boom
SEOUL: South Korea's exports have grown more than expected at the strongest annual rate in over four decades, as a global boom in artificial investment (AI) drives chip sales to a record, swelling optimism on the trade-reliant economy and its world-beating stock rally.
Growth spurt for UK factories set to be short-lived, PMI shows
LONDON: UK factories grew at the fastest pace in four years as the industry sought to get ahead of price increases and supply strains triggered by the Middle East conflict, a key survey finds.
Factory output expands as firms stockpile buffers over Iran war risks
TOKYO: Asia's factory activity is expanding steadily on stockpiling by some companies to get ahead of supply shocks from the Middle East conflict, private surveys show, a sign that the war's economic fallout is broadening across the region.
Swiss 1Q GDP revised lower on weak demand
ZURICH: Switzerland's economy grew slightly less than initially reported in the first quarter, weighed down by stalling consumer demand and a drop in investment.
Risks of food, inflation mount for Southeast Asia
Southeast Asia faces mounting food and inflation risks as a probable super El Niño weather phenomenon threatens harvests, compounding the fallout from the Middle East crisis, which has already driven up farm input and transport costs.
Asia's factory output expands as firms stockpile buffers over Iran war risks
TOKYO: Asia's factory activity expanded steadily in May on stockpiling by some companies to get ahead of supply shocks from the Middle East conflict, private surveys showed on Monday, a sign that the war's economic fallout is broadening across the region.
South Korea export growth hits four-decade high on AI chip boom
SEOUL: South Korea's exports grew more than expected in May at the strongest annual rate in more than four decades, as chip sales hit a record on a global boom in AI investment, bolstering optimism about the trade-reliant economy and its world-beating stock market rally.
China May factory activity expands for sixth month as price pressures ease, private PMI shows
BEIJING: China's manufacturing sector expanded for a sixth straight month in May, although at a slower pace, as output and new orders remained solid and price pressures eased, a private survey showed on Monday.
Norway grapples with economy’s dependence on oil and gas
OSLO: Norway faces dwindling incentives to transition its economy away from oil and gas (O&G) as it is becoming an ever more critical producer for western Europe due to global energy supply shocks.
