Economy News

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.

Economy

BoJ's Ueda Raises Alarm: Global Tariff Uncertainties Threaten Japan's Economic Horizon

Bank of Japan Governor Kazuo Ueda warns that global trade uncertainties, especially US tariffs, are clouding Japan's economic and inflation outlook, potentially slowing growth and ...

Economy

South Korea's Ruling and Opposition Parties Unite to Pass a Historic 13.8 Trillion Won Supplementary Budget

South Korea's ruling and opposition parties have agreed on a 13.8 trillion won supplementary budget, increasing the initial proposal by 1.6 trillion won. Key allocations include su...