Economy News

Economy

UK's Fiscal Stability at Risk: OBR Warns of Daunting Challenges Ahead

The OBR's latest report warns of the UK's continued fiscal vulnerability, highlighting limited progress in stabilizing the economy and the daunting array of risks facing the nation...

Economy

Germany's Trade Surprise Surges to €18.4B in May, Defying Expectations

Germany's trade surplus unexpectedly rose to €18.4 billion in May, exceeding forecasts. Exports showed a slight annual increase, while imports grew significantly. Trade with EU and...

Economy

RBA Holds Interest Rates Steady at 3.85% Amid Global Economic Uncertainties

The Reserve Bank of Australia surprised markets by maintaining the interest rate at 3.85%, citing the need for more data to ensure inflation targets are met amidst global economic ...

Economy

Decline in US Small Business Optimism in June: NFIB Reports a Slight Drop to 98.6

The NFIB reports a slight decline in the US Small Business Optimism Index to 98.6 in June, with decreases in sales expectations and inflation concerns, while the Uncertainty Index ...

Economy

EU and US Senate Unite to Impose Unprecedented Sanctions on Russia Over Ukraine Conflict

French Foreign Minister Barrot reveals Europe and the US Senate's plan to impose harsh sanctions on Russia, targeting its oil revenues and financial systems to curb Putin's war eff...

Economy

France's Trade Deficit Widens to €7.8 Billion in May, Exports Decline Amid Stable Imports

France's trade deficit increased to €7.8 billion in May, with exports declining slightly while imports remained stable. The energy balance was unchanged, but there was a minor impr...

Economy

Japan Expresses Deep Regret Over US Decision to Impose 25% Tariff on Imports

Japan's Prime Minister Shigeru Ishiba expresses regret over the US's 25% tariff on Japanese imports, set for August 1. Japan views this as an opportunity for dialogue, aiming for a...

Economy

Trump Extends Tariff Deadline to August 1, Imposes 25% on South Korean Imports Amid Trade Negotiations

President Trump extends the tariff grace period to August 1, imposing a 25% tariff on South Korean imports, while leaving room for negotiation. The move is part of a broader strate...