Economy News

Economy

ECB's Muller Warns: Fragmented Trade Relations Could Spike Prices Across Europe

ECB's Madis Muller warns that fragmented trade relations and global trade tensions could lead to higher prices in Europe, highlighting the challenges for the Eurozone's economy and...

Economy

ECB's Villeroy Defends Fed's Powell Against Trump's Criticism, Highlights Trade Tensions Impact

ECB's Francois Villeroy de Galhau criticizes Trump for his comments on Fed's Jerome Powell, praising Powell's work. Villeroy also discusses the weak risks from trade tensions on in...

Economy

Italy's Trade Surplus Soars to €4.5 Billion in February, Marking a Significant Turnaround

Italy's trade balance flipped to a €4.5 billion surplus in February, with exports growing faster than imports. The EU saw a deficit, while trade with non-EU countries remained stro...

Economy

Japan Denies Currency Manipulation Claims: Finance Minister Kato Stands Firm Against Allegations

Japan's Finance Minister Katsunobu Kato denies allegations of yen manipulation, stating recent interventions were to buy yen, not weaken it. This comes after US President Trump war...

Economy

Singapore Boosts Household Support with $380 Vouchers Amid Rising Living Costs

Singaporean households to receive $380 in vouchers as part of a government initiative to support citizens facing rising living costs. The vouchers can be used at local businesses a...

Economy

Vietnam's Frozen Durian Imports Skyrocket by 800% Ahead of Lunar New Year Festivities

Vietnam's frozen durian imports surged by 800% in December, driven by Lunar New Year demand. Malaysian durians, known for their quality and flavor, dominate the market, overshadowi...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop to 215,000

Initial jobless claims in the US dropped by 9,000 to 215,000 for the week ending April 12, indicating a resilient job market. The 4-week moving average also decreased, while the in...

Economy

ECB's Lagarde Warns of Exceptional Uncertainty Amid U.S. Tariffs and Calls for Euro Area Resilience

ECB President Christine Lagarde warns of exceptional economic uncertainty due to U.S. tariffs, while calling for urgent fiscal and structural reforms to boost the euro area's resil...