Economy News

Economy

Exclusive: Trump's Bold Move to Slash Drug Prices with New Tariffs and Boost U.S. Pharma Production

President Trump announces plans to impose tariffs on pharmaceuticals to boost U.S. production, potentially disrupting global trade and raising drug prices. An executive order to st...

Economy

Germany's Industrial Sector Bounces Back: Factory Orders Surge by 3.6% in March

Germany's factory orders rose by 3.6% in March, marking a significant recovery. The Federal Statistical Office Destatis reports a 3.8% increase compared to last year, signaling str...

Economy

China's Bold Economic Move: PBoC Slashes Reserve Requirement Ratio by 50 Basis Points

The People's Bank of China has announced a 50 basis point cut in the reserve requirement ratio for commercial banks, injecting 1 trillion yuan into the market, alongside adjustment...

Economy

Japan's Service Sector Surges in April: A Beacon of Growth Amidst Industrial Decline

Japan's service sector experienced unexpected growth in April, with the activity index rising to 52.4, offsetting industrial declines and signaling a positive shift in the private ...

Economy

Private Sector Emerges as Key Economic Pillar: Politburo Sets Ambitious 2030 Goals

The private sector, now a key driver of the economy, faces challenges but is set for ambitious growth by 2030, aiming to contribute significantly to GDP and employment, with even g...

Economy

Malaysia's Durian Exports to China Set for 20% Surge, Musang King Leads the Charge

Malaysia anticipates a 15% to 20% increase in durian exports to China, led by the premium Musang King variety. Despite challenges like heavy rains affecting supply, the demand in C...

Economy

Significant Drop in US Oil Inventories: A 4.5M Barrel Decrease Sparks Market Interest

US crude oil inventories dropped by 4.5 million barrels last week, with mixed changes in distillate and gasoline stocks, and a decrease in Cushing reserves, according to API data.

Economy

Eurozone's Economic Momentum Slows in April: Services Sector Stagnates Amid Manufacturing Uptick

The Eurozone's economic growth slowed in April, with the services sector nearly stagnating despite a slight uptick in manufacturing output, as per S&P Global and HCOB's latest ...