Economy News

Economy

Bolsonaro Seeks Trump's Intervention to Overturn Controversial 50% Tariff on Brazilian Exports

Former Brazilian President Jair Bolsonaro is considering appealing directly to the White House to reverse a 50% tariff on Brazilian exports imposed by US President Donald Trump. Th...

Economy

Russian Official Denies BRICS Alliance Poses Any Threat to US Dominance

Russian Deputy Foreign Minister Sergey Ryabkov responds to President Trump's recent comments on the BRICS alliance, stating that it poses no threat to the US. Ryabkov highlights th...

Economy

Fed's Musalem Cautions: New Tariffs May Elevate Inflation Expectations in Coming Months

Federal Reserve Bank of St. Louis President Alberto Musalem warns that recent tariffs could lead to higher inflation in the coming months, despite current stability. He suggests th...

Economy

US Natural Gas Storage Sees Significant Weekly Increase Amid Annual Decline

The US natural gas storage report shows a 53 Bcf weekly increase to 3,006 Bcf, despite a 184 Bcf annual decrease, remaining above the five-year average.

Economy

Jamie Dimon Predicts AI Will Revolutionize Jobs and the Global Economy

JPMorgan Chase CEO Jamie Dimon warns of AI's potential to disrupt jobs and reshape industries, while also addressing broader economic concerns like tariffs and inflation. He suppor...

Economy

Vietnam's Economic Surge: UOB Forecasts GDP Growth to Leap to 6.9% in 2025

Vietnam's GDP growth in 2025 is forecasted by UOB to reach 6.9%, driven by robust export performance despite challenges in the manufacturing sector. The economic surge is attribute...

Economy

Bank of Korea Maintains Steady Interest Rates Amid Economic Stimulus and Housing Market Surge

The Bank of Korea decided to maintain the base rate at 2.5%, balancing economic stimulus with concerns over rising housing prices and household debt. This decision reflects the cha...

Economy

Italy's Industrial Output Takes a Hit: A 0.7% Drop in May Sparks Economic Concerns

Italy's industrial output fell by 0.7% in May compared to April, with a 0.9% annual decrease, highlighting challenges in sectors like capital goods and energy.