Economy News

Economy

ECB's de Guindos Alerts: Rising US Tariffs May Spark a Global Trade War Crisis

ECB Vice President Luis de Guindos warns that new US tariffs could escalate into a full-blown trade war, marking a significant shift towards global economic fragmentation. The impa...

Economy

ECB's Simkus Advocates for a 25-Point Rate Cut in April to Counter Trade Tensions

ECB's Gediminas Simkus urges for a 25-point rate cut in April to address trade tensions, ruling out a 50-point cut as excessive. He warns of deflationary risks from worsening trade...

Economy

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

In March, US small business optimism declined, with the NFIB reporting a 3.3-point drop in the optimism index to 97.4, below the 51-year average. Concerns over taxes and labor qual...

Economy

UK Chancellor Rachel Reeves Prioritizes US Deal Amid Global Economic Turbulence

UK Chancellor Rachel Reeves discusses the global economic impact of US tariffs, the UK's strategic priorities in securing a US deal, and efforts to enhance international trade coll...

Economy

UK's Rachel Reeves Prioritizes US Deal Amid Global Economic Turbulence

British Chancellor Rachel Reeves discusses the global economic impact of US tariffs, the UK's market resilience, and the priority to secure a US deal while supporting affected busi...

Economy

Singapore Faces Economic Uncertainty as US Imposes Rigid 10% Universal Tariff

Singapore's Prime Minister Lawrence Wong warns of serious risks to the country's trade-dependent economy due to the US's non-negotiable 10% universal tariff, potentially leading to...

Economy

Fitch Ratings 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, reflecting confidence in government support and the banks' financial health, despite broader economic ...

Economy

EU Automotive Giants Call for Immediate Response to US Tariffs Amid Trade Tensions

European automotive leaders met with EU Commission President Ursula von der Leyen to discuss the impact of US tariffs on trade and supply chains, urging quick action to implement t...