Economy News

Economy

Janet Yellen Warns: Trump's Trade Tariffs Could Trigger US Economic Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade tariffs could have "tremendously adverse" effects on the US economy, potentially leading to a recession...

Economy

Skyrocketing Avocado Prices Hit 5-Year Peak Amidst Supply Shortages and Weather Woes

Avocado prices have reached a five-year high due to a significant supply shortage caused by unfavorable weather and farmers shifting to more profitable crops. In HCMC, prices now e...

Economy

Janet Yellen Warns: Trump's Trade Tariffs Could Trigger US Recession

Janet Yellen cautions that Trump's trade tariffs could severely harm the US economy, potentially leading to a recession by disrupting businesses dependent on Chinese imports and af...

Economy

UK Manufacturing Sector Faces Continued Challenges in April Amid Global Trade Tensions

The UK manufacturing sector showed a slight improvement in April with a PMI of 45.4, but continues to struggle with declines in output, orders, and employment amid global trade ten...

Economy

UK Manufacturing Sector Faces Continued Challenges in April Amid Global Trade Tensions

The UK manufacturing sector remained under pressure in April, with declines in output, new orders, and employment. Export demand fell sharply, impacted by global trade tensions and...

Economy

March Sees a Dip in UK Mortgage Approvals Amidst Changing Consumer Credit Trends

The Bank of England reports a slight decrease in UK mortgage approvals for house purchases in March, alongside an increase in remortgaging approvals. Consumer credit figures and pe...

Economy

BoJ Governor Ueda Warns of Inflation Risks from Trump's Tariff Policies on Japan's Economy

Bank of Japan Governor Kazuo Ueda warns that Trump's tariff policies could disrupt Japan's service inflation and complicate the central bank's policy outlook, with potential implic...

Economy

Swiss Retail Sales Surge by 2.2% in March, Outperforming Analyst Expectations

Swiss retail sales turnover rose by 2.2% in March, with adjusted figures exceeding analyst expectations, showcasing a strong retail sector performance.