Economy News

Economy

President Trump Announces Historic $92 Billion Tech and Energy Investment in Pennsylvania

President Trump unveiled a $92 billion investment by 20 leading tech and energy firms in Pennsylvania, aimed at advancing AI and energy infrastructure, marking it as a historic ach...

Economy

BoE Governor Bailey Highlights Financial Market Pressures on Deficit Nations Amid Global Uncertainties

Bank of England Governor Andrew Bailey discusses the increasing financial market pressures on deficit countries and calls for innovation in the UK's payments sector to ensure stabi...

Economy

Trump Announces 19% Tariff on Indonesian Goods in Bold Trade Move

US President Donald Trump has announced a 19% tariff on Indonesian goods, while US exports to Indonesia will remain tariff-free. This move, detailed in a White House press briefing...

Economy

Trump Announces Major Trade Deal: Indonesia to Purchase 50 Boeing Jets Amid New Tariffs

US President Donald Trump announced a trade agreement with Indonesia, including the purchase of 50 Boeing jets, $15 billion in US energy exports, and $4.5 billion in agricultural p...

Economy

OPEC Holds Steady: Global Oil Demand Growth Forecast Remains at 1.3 Million Barrels Per Day

OPEC's July report reaffirms a steady global oil demand growth of 1.3 million bpd for 2025 and 2026, with non-OECD countries driving most of the increase. The transportation sector...

Economy

OPEC Forecasts Steady Global GDP Growth: 2.9% in 2025 and 3.1% in 2026 Amid Economic Resilience

OPEC's July report confirms global GDP growth forecasts of 2.9% in 2025 and 3.1% in 2026, citing a strong first half of the year. Regional forecasts vary, with China and India lead...

Economy

US Inflation Rises to 2.7% in June: What This Means for the Economy and Your Wallet

The US annual inflation rate rose to 2.7% in June, up from 2.4% in May, with the CPI increasing by 0.3% month-on-month. Food prices rose by 3% annually, while energy prices fell by...

Economy

Surge in Global Trade by 5.3% as Importers Rush Ahead of New US Tariffs

Global merchandise trade volume increased by 5.3% year-over-year in Q1 2025, driven by importers acting ahead of new US tariffs. North America saw the highest growth at 13.4%.