Economy News

Economy

BoE's Bailey Highlights US-UK Trade Deal as Key to Reducing Global Economic Uncertainty

Bank of England Governor Andrew Bailey views the upcoming US-UK trade deal as a significant step towards reducing global economic uncertainty, despite not knowing the full details....

Economy

BoE Cuts Interest Rates to 4.25% Amid Global Trade Uncertainties and Inflation Progress

The Bank of England has cut interest rates to 4.25% following a tight 5-4 vote, citing progress on disinflation but expressing caution over global trade uncertainties. The move ref...

Economy

Surprising 3.2% Surge in UK House Prices This April Defies Economic Expectations

The UK housing market showed resilience with a 3.2% annual price increase in April, exceeding expectations. Despite economic challenges, the market remains strong, with stable pric...

Economy

Germany's Trade Surplus Soars to €21.1B in March, Exceeding Analysts' Expectations

Germany's trade surplus rose to €21.1 billion in March, exceeding expectations. Exports increased to €133.2 billion, with the EU and the US as key markets, while imports stood at €...

Economy

German Manufacturing Sector Shows Resilience with a 3% Surge in Industrial Output in March

Germany's industrial production rose by 3% in March compared to the previous month, though it saw a slight 0.2% drop from the previous year, indicating both resilience and challeng...

Economy

Climate Crisis Drives Coconut Prices to Record Highs Across Asia, Straining Supply Chains

Coconut prices in Asia have skyrocketed due to climate-induced supply shortages, with Vietnam emerging as a key exporter. Extreme weather and pest outbreaks have severely impacted ...

Economy

China's May Day Holiday Spending Rises to $79 Per Person Amid Economic Challenges

During China's May Day holiday, per capita spending rose slightly to $79, amid a 28.7% increase in border crossings. Despite growth in domestic tourism and digital payments, cinema...

Economy

Bank of Japan Eyes Interest Rate Hikes Amid Economic Growth and Inflation Projections

The Bank of Japan is considering interest rate hikes if economic growth and inflation meet their forecasts. Caution is advised due to US policy risks, with a flexible approach like...