Economy

Soaring market prices tied to artificial intelligence are giving South Korea a feel-good moment, but beneath the surface economists say trouble is brewing. Seoul’s equity benchmark hit record territory this month as chip exporters benefited from renewed demand, yet analysts warn that strong share prices are papering over stagnant productivity, outsized corporate concentration and mounting pressure from Chinese competitors. The stock rally has roots in a global rush for AI har

Japan’s ruling coalition partners led by the Centrist Reform Alliance urged Prime Minister Sanae Takaichi this week to push a fast-track supplemental budget to blunt the economic pain from the simmering crisis around the Strait of Hormuz. At a meeting on April 24, LDP policy chief Takayuki Kobayashi presented a set of recommendations to the prime minister that ranged from short-term consumer relief and measures to stabilize prices to a proposal to consider sending minesweeper

EDF’s senior vice president met with Kazakh atomic regulators to explore joining the country’s planned nuclear projects, signaling Western interest in a program largely steered so far by Russian and Chinese firms. Vakisasai Ramany, a top executive at Électricité de France, held talks this week with leaders of Kazakhstan’s Agency for Atomic Energy about the possibility of EDF becoming part of an international consortium for one or more reactors, the agency said. Officials from

Joel Mokyr, Philippe Aghion, and Peter Howitt win the 2025 Nobel Memorial Prize in Economic Sciences for their groundbreaking work on innovation-driven growth. Discover how their research—building on Schumpeter's 'creative destruction' and examining Europe's 'culture of growth'—reshapes policy for sustainable economic development.