Economy News

Economy

Bill Ackman Advocates for a 180-Day Tariff Pause on China to Stabilize US Economy

Billionaire hedge fund manager Bill Ackman suggests a 180-day pause on new actions toward China to avoid economic destabilization and give small businesses a breather, amidst risin...

Economy

US Stands Firm: Japan's Plea for Tariff Exemption Denied in Recent Talks

The US has denied Japan's request for a full exemption from tariffs, only considering a reduction in the 14% country-specific duty. Talks continue with a focus on extending the sus...

Economy

Erste Group Secures Landmark €7 Billion Deal with Santander, Expanding European Banking Dominance

Erste Group Bank AG announces a €7.0 billion deal with Banco Santander, acquiring significant stakes in Santander Bank Polska Group and Santander Towarzystwo Funduszy Inwestycyjnyc...

Economy

Apollo CEO Warns: US Economy Faces Potential Two Quarters of Negative Growth Due to Tariff Policies

Apollo Global Management CEO Marc Rowan warns of potential two consecutive quarters of negative US growth due to Trump's tariff policies, criticizing the approach while defending t...

Economy

US Composite PMI Dips to a Seven-Month Low in April, Signaling Economic Slowdown

The US PMI Composite Output Index fell to 50.6 in April, the lowest since September 2023, indicating a slowdown in economic activity. The services sector also saw a significant dec...

Economy

US Services Sector Shows Promising Growth in April: A Detailed Look at the Latest ISM Report

The US service sector showed signs of growth in April, with the ISM's PMI rising to 51.6%. While new orders increased, employment remained in contraction, and experts note concerns...

Economy

Billionaire Bill Ackman Advocates for a 180-Day Moratorium on China Tariffs Amid Rising Tensions

Billionaire hedge fund manager Bill Ackman suggests a 180-day pause on new actions toward China, including tariffs, to allow for negotiations and prevent economic instability. Ackm...

Economy

US Stands Firm: Japan's Plea for Tariff Exemption Denied in Latest Trade Talks

The US has denied Japan's request for a complete exemption from reciprocal tariffs during recent talks, focusing instead on potential reductions of a 14% country-specific tariff. T...