Economy News

Economy

Singapore Raises Alarm Over US Tariffs: Economic Growth Forecasts at Risk

Singapore's Prime Minister Lawrence Wong warns of the serious risks posed by the US's new 10% universal tariff on Singapore's trade-dependent economy, with potential revisions to 2...

Economy

Fitch Upgrades Outlook for Six Major Chinese Banks to Stable Amid Economic Challenges

Fitch Ratings has upgraded the outlook for six major Chinese banks to Stable, signaling confidence in their future performance and government support, despite economic challenges.

Economy

EU Automotive Industry Calls for Immediate Action Against US Tariffs to Protect Trade

European automotive leaders met with Ursula von der Leyen to discuss the impact of US tariffs on trade and supply chains, urging rapid implementation of the competitiveness agenda.

Economy

ECB's de Guindos Raises Alarm Over Potential Escalation to a Full-Blown Trade War Amid New US Tariffs

ECB Vice President Luis de Guindos warns that new US tariffs could lead to a full-blown trade war, highlighting the negative impact on global economy and the shift towards greater ...

Economy

ECB's Simkus Advocates for April Rate Cut: A 25-Point Reduction to Ease Monetary Policy

ECB's Gediminas Simkus urges a 25-point interest rate cut in April to adopt a less restrictive monetary policy, citing U.S. tariffs as a key factor. He excludes a 50-point cut, war...

Economy

March Sees a Dip in US Small Business Optimism: NFIB Reports Unsettling Trends

The NFIB reports a decline in US small business optimism in March, with the index falling below the 51-year average. Key concerns include taxes, labor quality, and sales expectatio...

Economy

UK Chancellor Rachel Reeves Prioritizes US Deal Amid Global Economic Turbulence

British Chancellor Rachel Reeves discusses the global economic impact of US tariffs, the UK's priority to secure a deal with the US, and efforts to support affected businesses and ...

Economy

Singapore's Economy at Risk: US Tariffs Could Force Growth Forecast Revisions

Singapore's Prime Minister warns of the serious risks posed by US tariffs to the country's trade-dependent economy, with potential revisions to 2025 growth forecasts amid uncertain...