Economy News

Economy

JPMorgan CEO Warns: Sweeping US Tariffs Could Spark Inflation and Slow Economic Growth

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

Economy

China's Rare Earth Export Controls Spark Global Supply Chain Concerns, South Korea on High Alert

South Korea reacts to China's export controls on rare earth elements, crucial for high-tech industries, by assessing stockpiles and seeking supply chain alternatives amid global tr...

Economy

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

JPMorgan CEO Jamie Dimon warns that new US tariffs could fuel inflation and slow economic growth, raising recession fears. Business leaders, including Bill Ackman, express dissatis...

Economy

Germany's Industrial Sector Faces a Downturn: February Sees a 1.3% Drop in Production

Germany's industrial production fell by 1.3% in February, with significant declines in construction, food industry, and energy production. The sector faces a 4% drop compared to la...

Economy

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

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

Economy

April Sees a Dramatic Drop in Eurozone Investor Confidence Amid Global Tensions

Investor confidence in the Eurozone and Germany plummeted in April, with indices hitting lows not seen since October 2023. The drop is attributed to global tensions and policies, i...

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 to assert dominance, harming the Global South and violating WTO principles. Calls for global resi...

Economy

Eurozone Retail Sales Show Positive Growth in February, Highlighting Consumer Confidence

Eurozone retail sales grew by 0.3% in February, with the EU seeing a 0.2% increase. Yearly, sales advanced by 2.3% in the Eurozone and 2% in the EU. Cyprus led with a 4.7% increase...