Economy News

Economy

Italy's Retail Sector Shows Marginal Growth in February Amid Annual Decline

Italy's retail sales saw a marginal 0.1% increase in February 2025 compared to the previous month, but experienced a significant 1.5% annual decline. Food sales rose slightly, whil...

Economy

German Factory Orders Hit a Standstill in February: What's Behind the Sudden Halt?

German factory orders unexpectedly stagnated in February, sparking concerns over the health of the manufacturing sector and its implications for the broader European economy.

Economy

Switzerland Sees a Dip in Unemployment Rate to 2.1% in March, Signaling Economic Resilience

Switzerland's unemployment rate fell to 2.1% in March, with mixed trends in monthly and annual unemployment figures. The job market shows slight improvements, with a decrease in jo...

Economy

South Korea's Forex Reserves Climb to $409.7 Billion in March, Defying Market Volatility

South Korea's foreign exchange reserves unexpectedly increased to $409.66 billion in March, despite global market volatility. Factors include higher dollar deposits and a weaker U....

Economy

Stock Market Plummets: $3.1 Trillion Wiped Out Amid Fears of Trump's Reciprocal Tariffs

Following President Trump's announcement of reciprocal tariffs, the New York Stock Exchange saw a dramatic drop, erasing $3.1 trillion in market capitalization. Major indices and s...

Economy

Trump Announces 25% Tariff on Korea, Signals Upcoming Levies on Semiconductors and Pharmaceuticals

President Trump has set a 25% tariff on South Korea and plans new tariffs on semiconductors and pharmaceuticals, causing stock market volatility and international trade discussions...

Economy

Historic Surge: US Tariff Rates to Reach Century-High Under Trump's Bold New Policy

President Trump's new tariff policy introduces a 10% baseline on all imports, with higher rates for major trading partners, pushing the effective U.S. tariff rate to 22%, a century...

Economy

IMF Warns: US Tariffs Under Trump Pose Major Threat to Global Economic Stability

IMF Managing Director Kristalina Georgieva highlights the risks posed by US tariffs under President Trump to the global economy, urging for constructive dialogue to resolve trade t...