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LN24 > Blog > Global Economy
South Korea Unveils 30.5 Trillion Won Economic Package
26
Jun

South Korea Unveils 30.5 Trillion Won Economic Package

  • LN24 / 5 months
  • 0
  • 3 min read

President Lee Jae-myung Urges Swift Approval to Combat Economic Pressures Seoul — South Korean President Lee Jae-myung has delivered his first supplementary budget address before the National Assembly, unveiling a 30.5 trillion won (approximately $22 billion USD) economic package designed to counter mounting domestic and international economic challenges. In a passionate appeal, Lee urged lawmakers […]

Gold Overtakes Euro
19
Jun

Gold Overtakes Euro

  • LN24 / 5 months
  • 0
  • 6 min read

In June 2025, the European Central Bank (ECB) reported that gold surpassed the euro to become the second-largest global reserve asset by market value, trailing only the US dollar. Gold accounted for about 20% of global official reserves at the end of 2024, overtaking the euro’s 16%. This shift was driven by a 30% surge […]

U.S.–China Trade Talks Resume in London Amid Tensions Over Export Controls, Rare Earths
10
Jun

U.S.–China Trade Talks Resume in London Amid Tensions Over Export Controls, Rare Earths

  • LN24 / 5 months
  • 0
  • 3 min read

Senior officials from the United States and China resumed high-level trade negotiations in London on Tuesday, focusing on export controls and rare earth minerals, as both economic giants attempt to stabilize a fragile relationship that has caused global supply chain volatility. The talks, entering their second day, come just weeks after a preliminary trade agreement […]

Sri Lanka Restructures $931 Million Credit Lines with India Amid Economic Recovery Push
16
May

Sri Lanka Restructures $931 Million Credit Lines with India Amid Economic Recovery Push

  • LN24 / 6 months
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  • 2 min read

Sri Lanka has successfully restructured nearly $931 million in credit lines and buyers’ credit facility agreements with India, in a strategic move aimed at bolstering its fragile economy and strengthening bilateral ties with New Delhi. The announcement was made by Sri Lanka’s Finance Ministry following the conclusion of high-level talks during Indian Prime Minister Narendra […]

Bank of England Cuts Interest Rates by 25bps, Signals Further Easing Ahead
09
May

Bank of England Cuts Interest Rates by 25bps, Signals Further Easing Ahead

  • LN24 / 7 months
  • 0
  • 2 min read

The Bank of England (BoE) lowered its benchmark interest rate by 25 basis points to 4.25% on Thursday, aligning with market expectations amid rising concerns over the economic impact of new U.S. tariffs. The move is the BoE’s first rate cut in over a year and signals the beginning of a potential easing cycle to […]

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