Economy News

Economy

UK Faces Future Challenges as Starmer Addresses Impact of US Tariffs on Automotive Exports

British Prime Minister Keir Starmer addresses the challenges posed by new US tariffs on UK exports, emphasizing the need for national unity and bold regulatory changes to support t...

Economy

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

The EU is set to enforce countermeasures against US tariffs starting April 15, with a second phase in May. Affecting 70% of EU exports worth €380 billion, the EU seeks a balanced r...

Economy

Trump Escalates Trade War with China, Threatens 50% Tariffs in Bold Move

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 trade war. Trump i...

Economy

Eurozone and EU Retail Sales Show Positive Growth in February, Cyprus Leads with 4.7% Increase

Eurostat reports a 0.3% increase in Eurozone retail trade in February, with the EU at 0.2%. Yearly growth stands at 2.3% and 2% respectively. Cyprus leads with a 4.7% increase, whi...

Economy

EU Corporate Sectors Face Revenue Dip as Trump Tariffs Loom, Fitch Reports

Fitch Ratings warns that Trump administration tariffs will weaken EU corporate sectors' revenue and profitability, with chemicals, automotive, and hardware hardest hit. EU firms ma...

Economy

JPMorgan CEO Jamie Dimon Warns: US Tariffs Could Spark Inflation and Slow Growth

JPMorgan CEO Jamie Dimon warns that US tariffs could lead to inflation and slow economic growth, raising recession concerns. Business leaders, including Bill Ackman, express skepti...

Economy

EU Proposes Groundbreaking Zero-for-Zero Tariffs on Industrial Goods with US, Signals Strong Trade Strategy

The EU has proposed a zero-for-zero tariff agreement with the US on industrial goods, signaling a bold step in trade negotiations. European Commission President Ursula von der Leye...

Economy

Navarro Predicts Dow Jones Surge to 50,000 Points Amid Tariff Talks

Peter Navarro predicts the Dow Jones will reach 50,000 points, dismissing recession fears and emphasizing the role of tariffs in funding tax cuts. He calls for fair trade practices...