The Escalating Israel-Hamas War... "The Market is Underestimating the Crisis"

By Alexander Lee   Palestinians inspect the damage of destroyed houses after Israeli airstrikes on Gaza City, Tuesday, Oct. 24, 2023. (AP Photo/Abed Khaled) On the morning of the 1...

| 07-17 00:34

A storm of AI-induced layoffs hits big tech and Silicon Valley

 By Alexander Lee  Illustration of the English acronym AI for artificial intelligence placed on a computer motherboard. Photo courtesy of Reuters.The introduction of artificial intellig...

| 07-05 20:00

WSJ "South Korea's Export Decline is a Warning Sign of Global Economic Slowdown"

By Alexander Lee  South Korea's trade balance has been rapidly deteriorating this year due to soaring international commodity prices and China's economic downturn. Photo taken on the afterno...

| 09-27 03:36

US-China 'Semiconductor War' Escalates...Will South Korea be Pushed to Make a Choice?

 By Alexander Lee  On May 21, China announced that it would prohibit important information infrastructure operators from purchasing products from US memory semiconductor manufacturer Mi...

| 05-22 19:40

Stagflation or Slowflation?

By Alexander Lee  On June 23 (local time), a trader is working at the New York Stock Exchange (NYSE). /Reuters Yonhap News "Larry Summers, the former US Treasury Secretary, sees a 60 to...

| 06-23 03:00

IMF Director: "World economy to experience the weakest growth in 30 years over the next five years"

By Alexander Lee  Kristalina Georgieva, Director of the International Monetary Fund (IMF), leaves after a press conference at the Washington Meridian Center on the 6th. AFP United News ...

| 04-07 11:27

"The top 1% 'super-rich' earned 6 times more than the bottom 90% combined"

 By Alexander Lee  Cover of Oxfam's 'Survival of the Super-Rich' report. Source: Website A recent study found that the world's top 1% wealthiest people earned more than 6 times the...

| 01-16 01:27

IMF Managing Director Says Financial Uncertainty Grows, World Growth Rate to Fall Below 3%

By Alexander Lee  International Monetary Fund (IMF) Managing Director Kristalina Georgieva attended the China Development Forum in Beijing on March 26.   Amid the spreading ba...

| 03-27 13:39

United States Raises Interest Rates by 0.25%, a "Baby Step"... Europe to Take a "Big Step?"

By Alexander Lee  A photo from October 27 last year shows Christine Lagarde, President of the European Central Bank (ECB), holding a press conference on eurozone monetary policy. AFP Yonhap ...

| 02-02 13:28

World Bank President Malpass: "Global Low Growth Period until 2024"

 ​By Alexander Lee   Screenshot from Sky News World Bank (WB) President has expressed concern that this year's global economic slowdown could last for a long period. On ...

| 01-23 11:13