Economy News

Economy

UK Faces Economic Crossroads: Starmer Warns of Tariffs' Impact on Future Prosperity

UK Prime Minister Keir Starmer addresses the economic challenges posed by new tariffs, emphasizing the need for national unity and announcing policy adjustments to support the auto...

Economy

EU Strikes Back: First Round of Countermeasures Against US Tariffs to Take Effect April 15

The EU is preparing to enforce countermeasures against US tariffs starting April 15, with a second phase in May. Affecting 70% of EU exports, the response seeks strategic alternati...

Economy

Trump Escalates Trade War with China: Threatens 50% Tariffs Unless Beijing Backs Down

US President Donald Trump threatens to impose an additional 50% tariffs on Chinese goods unless Beijing removes its retaliatory duties by April 8, escalating the ongoing trade war ...

Economy

Eurozone Sees a Slight Uplift in Retail Sales with a 0.3% Rise in February, Outpacing the EU

Eurostat reports a 0.3% increase in euro area retail trade in February, with the EU growing by 0.2%. Annual growth stands at 2.3% for the Eurozone and 2% for the EU. Cyprus saw the...

Economy

Trump's Tariffs Threaten EU's Economic Giants: Chemicals, Autos, and Hardware in the Crosshairs

Fitch Ratings warns that Trump's tariffs will significantly impact Europe's chemical, automotive, and hardware sectors, affecting revenue growth and increasing competition from Chi...

Economy

JPMorgan CEO Jamie Dimon Warns: US Tariffs Could Spark Inflation and Economic Slowdown

JPMorgan CEO Jamie Dimon warns that US tariffs could lead to inflation and economic slowdown, with potential impacts on domestic prices and global capital flows. Business leaders, ...

Economy

EU Proposes Groundbreaking Zero-for-Zero Tariff Deal with US on Industrial Goods

The EU has proposed a "zero-for-zero" tariff deal with the US on industrial goods, signaling a potential shift in trade relations. European Commission President Ursula von der Leye...

Economy

Navarro Predicts Historic Surge: Dow Jones to Skyrocket to 50,000 Points Amid Recovery

Peter Navarro forecasts a significant recovery for the Dow Jones, aiming for 50,000 points, amidst recent market dips. He rejects recession worries, citing tariffs as a means to fu...