Economy News

Economy

Japan's Industrial Output Sees a Slight Dip in May, Signaling Economic Challenges Ahead

Japan's industrial production index slightly decreased by 0.1% in May, with a 2.4% drop from the previous year. Shipments increased monthly but fell annually, while inventories and...

Economy

Swiss Economy Faces Slight Dip: Producer and Import Prices Edge Down by 0.1% in June

Switzerland's Producer and Import Price Index dipped by 0.1% in June, with petroleum products and pharmaceuticals leading the decline. Annual figures show a 0.7% drop, highlighting...

Economy

Trump Escalates Trade War with 30% Tariffs on EU and Mexico Starting August 1

U.S. President Donald Trump has announced a 30% tariff on EU and Mexican goods starting August 1, escalating trade tensions. The move is seen as a pressure tactic in ongoing negoti...

Economy

EU Delays Countermeasures Against US Tariffs Until August Amid Trade Tensions

The European Union has decided to extend its suspension of countermeasures against US tariffs until August, amid ongoing trade tensions. European Commission President Ursula von de...

Economy

Trump Holds Authority to Dismiss Fed Chair Powell Over Justifiable Causes, Hassett Reveals

White House economic adviser Kevin Hassett confirms President Trump's authority to fire Fed Chair Jerome Powell if justified, alongside discussing Trump's views on improving propos...

Economy

Trump Escalates Trade War: Announces 35% Tariff on Canada Effective August 1

Former President Donald Trump threatens to impose a 35% tariff on Canadian goods starting August 1, escalating his trade war tactics. Canada vows to protect its workers and busines...

Economy

Germany and Italy Advocate for Diplomatic Dialogue Amid Escalating US-EU Tariff Dispute

European Union leaders, including Germany and Italy, are calling for dialogue and unity in response to US President Donald Trump's decision to impose 30% tariffs on EU exports. The...

Economy

German Trade Leader Condemns Trump's 30% Tariffs on EU, Warns of Global Economic Chaos

Dirk Jandura, head of Germany's BGA, criticizes Trump's 30% tariffs on the EU, warning of global economic chaos and urging Europe to seek independence from the U.S. market. The EU ...