Economy News

Economy

President Trump Announces Potential Tariff Breaks for Multiple Countries, Signals New Levies

US President Trump hints at tariff exemptions for several countries, with new levies on autos, lumber, and chips. April 2nd dubbed "Liberation Day" for potential breaks, amid strat...

Economy

Hyundai Commits to Historic $21 Billion Investment in U.S. Economy, Creating Thousands of Jobs

Hyundai announces a $21 billion investment in the U.S., including new plants in Louisiana and Georgia, creating thousands of jobs and highlighting the impact of trade policies.

Economy

President Trump Urges Federal Reserve for Immediate Rate Cuts Amid Economic Discussions

President Donald Trump has called for the Federal Reserve to lower interest rates promptly, amidst discussions on economic policies and recent steady rates decisions. He also menti...

Economy

Trump Announces Imminent Auto Tariffs, Signals Next Move on Pharmaceutical Imports

President Donald Trump announced plans to impose auto tariffs soon, followed by pharmaceutical levies, as part of a strategy to boost domestic manufacturing and reduce import relia...

Economy

March Sees Eurozone Business Activity Surge to a 7-Month Peak Amid Mixed Sector Performances

The Eurozone's business activity reached a seven-month high in March, with the Composite PMI Output Index rising to 50.4. While the services sector saw a slight decline, manufactur...

Economy

UK Government Eyes Efficiency: Starmer and Reeves Push for AI Adoption and 10,000 Job Cuts

UK Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves are pushing for government efficiency through AI adoption and significant job cuts, aiming to strengthen the economy...

Economy

March Sees a Surge in US Business Activity Amid Tariff Concerns and Manufacturing Dip

The US private sector showed improved activity in March, with services reaching a three-month high, while manufacturing dipped. Tariff concerns are rising, affecting costs and infl...

Economy

China Challenges EU's Electric Vehicle Duties at WTO, Sparks Global Trade Debate

The WTO is considering China's request for a dispute panel to address the EU's duties on Chinese electric vehicles, with China claiming the measures violate WTO agreements. The EU ...