Economy News

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...

Economy

Trump's Tariffs Threaten EU Corporate Sectors: Fitch Warns of Revenue and Profitability Decline

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

Economy

South Korean Won Plummets Against Dollar: Trade War Fears and Political Turmoil Spark Market Chaos

The won-dollar exchange rate in Seoul surged to a five-year high amid fears of a China-U.S. trade war and political instability in South Korea, prompting emergency measures from th...

Economy

Trump's Tariffs to Severely Impact Key EU Corporate Sectors, Fitch Warns

Fitch Ratings warns that Trump's tariffs could significantly weaken revenue and profitability for EU sectors like chemicals, automotive, and hardware, with additional challenges fr...

Economy

ECB's Stournaras Warns: Trump's Tariffs Could Severely Impact Eurozone Growth and Inflation

ECB's Yannis Stournaras warns that Trump's tariffs could lead to a negative demand shock in the eurozone, potentially reducing growth by up to 1% and pushing inflation below the EC...

Economy

Germany's Industrial Output Takes a Hit: February Sees a 1.3% Drop Amid Sector-Wide Declines

Germany's industrial production fell by 1.3% in February, with significant declines in construction, food industry, and energy production, highlighting sector-wide challenges.

Economy

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

Germany's trade surplus reached €17.7 billion in February, up from January but down year-on-year, with exports and imports showing mixed trends. Trade within the EU and with non-EU...