Economy News

Economy

Global Trade in Turmoil: Trump's Sweeping Tariffs Ignite Fears of Economic Stagflation Worldwide

President Trump's implementation of reciprocal tariffs on global economies sparks fears of stagflation, with Wall Street reacting sharply to declining economic indicators. Historic...

Economy

Breaking: U.S. Implements Reciprocal Tariffs Globally, Targets Key Allies Including EU and Asia

The U.S. has officially implemented reciprocal tariffs on various countries, including a 15% rate for Korea and Japan, 20% for Taiwan, 25% for India, and 39% for Switzerland, as an...

Economy

Germany's Industrial Output Plummets: A Surprising 1.9% Drop in June Sparks Economic Concerns

Germany's industrial production fell by 1.9% in June, below analysts' expectations, with the pharmaceutical industry leading the decline. Energy output, however, saw a slight incre...

Economy

Germany's Trade Surplus Shrinks to €14.9B in June Amid Rising Imports and Exports

Germany's trade surplus fell to €14.9 billion in June, down from €18.4 billion in May, with exports and imports both showing growth. Exports to EU and non-EU countries were detaile...

Economy

France's Trade Deficit Narrows Slightly to €7.7 Billion in June, Exports Show Modest Growth

France's trade deficit slightly decreased to €7.7 billion in June, with exports rising by €0.3 billion to €49.9 billion and imports increasing by €0.4 billion to €57.6 billion. The...

Economy

UK Housing Market Shows Resilience with a 2.4% Price Increase in July

The UK housing market demonstrated resilience with a 2.4% annual price increase in July, according to the Halifax House Price Index. Despite challenges, easing mortgage rates and r...

Economy

Samsung Display Braces for Impact as US Tariffs Threaten Semiconductor Industry

Samsung Display is closely monitoring the potential impact of proposed US tariffs on semiconductor imports, which could pressure parts makers and dampen demand. CEO Yi Chung expres...

Economy

Switzerland's Unemployment Holds Steady at 2.9% in July Amid Economic Shifts

In July, Switzerland's unemployment rate stayed at 2.9%, with a slight increase in unemployed numbers and a significant rise in youth unemployment. The job market showed mixed sign...