Economy News

Economy

Apollo CEO Warns: US Economy Faces Potential Two Quarters of Negative Growth Due to Tariff Policies

Apollo Global Management CEO Marc Rowan warns of potential two consecutive quarters of negative US growth due to Trump's tariff policies, criticizing the approach while defending t...

Economy

US Composite PMI Dips to a Seven-Month Low in April, Signaling Economic Slowdown

The US PMI Composite Output Index fell to 50.6 in April, the lowest since September 2023, indicating a slowdown in economic activity. The services sector also saw a significant dec...

Economy

US Services Sector Shows Promising Growth in April: A Detailed Look at the Latest ISM Report

The US service sector showed signs of growth in April, with the ISM's PMI rising to 51.6%. While new orders increased, employment remained in contraction, and experts note concerns...

Economy

Billionaire Bill Ackman Advocates for a 180-Day Moratorium on China Tariffs Amid Rising Tensions

Billionaire hedge fund manager Bill Ackman suggests a 180-day pause on new actions toward China, including tariffs, to allow for negotiations and prevent economic instability. Ackm...

Economy

US Stands Firm: Japan's Plea for Tariff Exemption Denied in Latest Trade Talks

The US has denied Japan's request for a complete exemption from reciprocal tariffs during recent talks, focusing instead on potential reductions of a 14% country-specific tariff. T...

Economy

US Stands Firm: Japan's Plea for Tariff Exemption Denied Amid Trade Talks

The US has denied Japan's request for tariff exemptions, focusing instead on potential reductions of a 14% country-specific tariff during recent trade talks in Washington.

Economy

Erste Group Secures Landmark €7 Billion Deal with Santander to Expand in Poland

Erste Group Bank AG announces a €7.0 billion deal with Banco Santander to acquire significant stakes in Santander Bank Polska Group and Santander Towarzystwo Funduszy Inwestycyjnyc...

Economy

US Services Sector Shows Signs of Growth in April, ISM Reports Positive Shift

The US service sector showed improvement in April with the Services PMI rising to 51.6%, indicating expansion. Key indexes reflected mixed results, with new orders increasing but e...