Economy News

Economy

BoE Warns of Intensified Global Economic Uncertainty Amid US Tariffs and Inflation Risks

The Bank of England reports increased global economic uncertainty due to US tariffs, predicting higher inflation and interest rate cuts, while affirming the UK banking system's res...

Economy

Vietnam's Durian Exports Plummet as Dragon Fruit and Banana Take the Lead Amidst Stricter Global Standards

Vietnam's durian exports have significantly dropped due to stricter international quality standards, while dragon fruit and banana exports rise. Challenges include increased inspec...

Economy

Won-Dollar Exchange Rate Skyrockets to Decade High as US-China Trade War Escalates

The won-dollar exchange rate has surged to its highest level in over a decade, trading at 1,486.9 won, due to escalating tensions in the global trade arena, particularly between th...

Economy

Exclusive: Trump Administration Rethinks High Port Fees on Chinese Ships Amid Trade Tensions

The Trump administration is reconsidering its plan to impose high port fees on Chinese-made ships, shifting to a capacity-based fee structure to minimize the impact on US exports. ...

Economy

BoE Warns of Escalating Global Economic Uncertainty Amid Trump's Tariffs Impact

The Bank of England reports increased global economic uncertainty due to US tariffs, predicting higher UK inflation and potential interest rate cuts, while affirming the UK banking...

Economy

JPMorgan CEO Jamie Dimon Predicts Recession as Tariff Wars Escalate

JPMorgan CEO Jamie Dimon warns that Trump's tariff policies could lead to a recession, citing market volatility and the cancellation of IPOs as indicators of growing economic uncer...

Economy

ECB's Villeroy Warns: US Tariffs Could Slash Eurozone Growth by 0.25% Amid Global Trade Tensions

ECB's Francois Villeroy de Galhau warns that US tariffs could reduce Eurozone growth by 0.25%, highlighting risks to the global economy and potential inflation in the US, though no...

Economy

Italy Slashes 2025 Growth Forecast to 0.6% Amid Rising US Tariff Tensions

Italy's government is preparing to halve its 2025 growth forecast from 1.2% to 0.6%, amid concerns over US tariffs. Prime Minister Giorgia Meloni is set to discuss the issue with P...