Economy News

Economy

Scope Raises Alarm: US Credit at Risk Amid Escalating Trade War Tensions

Scope, a German credit rating agency, warns that the US could face a credit negative outlook due to the trade war's impact on dollar trust. Three scenarios, from light tariffs to p...

Economy

Surprising Drop in Canadian Inflation to 2.3% in March: What's Behind the Numbers?

Canada's inflation rate unexpectedly dropped to 2.3% in March, driven by decreases in travel tour and gasoline prices, according to Statistics Canada. The monthly CPI also saw a sl...

Economy

Sharp Decline in German Economic Sentiment in April Amid Global Trade Uncertainties

Germany's economic sentiment indicator plummeted to negative 14 in April, with the Eurozone also seeing a significant drop. ZEW President Achim Wambach cites US trade policy change...

Economy

Canada Announces Six-Month Tariff Relief for Key US Imports to Boost Manufacturing and Health Sectors

Canada introduces a six-month tariff relief for US imports crucial to manufacturing and health sectors, alongside a new framework to support the automotive industry's growth and in...

Economy

Scope Warns: US Faces Credit Risk and Recession from Escalating Trade War

Scope, a German credit rating agency, warns that the US could suffer credit negativity and recession due to the trade war's impact on dollar trust. Three scenarios, from light tari...

Economy

German Economic Sentiment Plummets in April Amid Global Trade Uncertainties

Germany's economic sentiment indicator sharply declined to negative 14 in April, with the Eurozone also seeing a downturn. ZEW President Achim Wambach cites volatile US trade polic...

Economy

Canada's Inflation Rate Drops Unexpectedly to 2.3% in March, Driven by Lower Gasoline and Travel Costs

Canada's inflation rate unexpectedly fell to 2.3% in March, below February's 2.6%, driven by lower prices for travel tours and gasoline. The CPI also saw a slight monthly increase.

Economy

Canada Announces Six-Month Tariff Relief for US Goods to Boost Manufacturing and Health Sector

Canada introduces a six-month tariff relief for US goods used in manufacturing and health sectors, alongside incentives for automakers to encourage production and investment in Can...