Economy News

Economy

Fitch Warns: Trump's Tariffs to Severely Impact Key EU Corporate Sectors Including Automotive and Chemicals

Fitch Ratings reports that Trump's tariffs could weaken revenue and profitability for EU sectors like automotive and chemicals, with EU firms facing competition from China in non-U...

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 slow economic growth, raising recession fears. Business leaders, including Bill Ackman, criticize the pol...

Economy

Germany's Industrial Output Takes a Hit: A 1.3% Drop in February Signals Economic Challenges

Germany's industrial production fell by 1.3% in February, with significant declines in construction, food industry, and energy production. The downturn reflects broader economic ch...

Economy

Germany's Trade Surplus Rises to €17.7 Billion in February, Defying Analyst Expectations

Germany's trade surplus rose to €17.7 billion in February, surpassing January's figures but falling short of last year's and analysts' expectations. Exports and imports both saw mo...

Economy

April Shock: Eurozone Investor Confidence Hits Lowest Since October 2023 Amid Global Tensions

Eurozone investor confidence plummeted in April, hitting its lowest since October 2023, with Germany also seeing a significant drop. The Sentix report cites global tensions and tar...

Economy

China Accuses US of Economic Bullying and Unilateralism in Global Trade Dispute

Chinese Foreign Ministry spokesperson Lin Jian criticizes the US for using tariffs as a means of economic bullying, highlighting its negative impact on the Global South and calling...

Economy

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

Eurozone and EU retail sales experienced growth in February, with the Eurozone up by 0.3% and the EU by 0.2% compared to January. Yearly figures show a 2.3% increase for the Eurozo...

Economy

Trump's Tariffs Shake EU Corporate Sectors: Chemicals, Autos, and Hardware Hardest Hit

Fitch Ratings warns that Trump's tariffs will significantly impact EU corporate sectors, especially chemicals, autos, and hardware, by weakening revenue growth and increasing compe...