Economy News

Economy

German Chancellor Merz Confident in EU-US Trade Deal Success by Late July

German Chancellor Friedrich Merz expresses confidence in reaching a trade agreement between the EU and the US by July's end, aiming for minimal customs duties. Discussions with US ...

Economy

Singapore's Luxury Market Soars: A $10.9B Forecast Driven by 242,000 Millionaires

Singapore's luxury market is booming, with sales forecasted to reach $10.9 billion, driven by its affluent population. Brands are expanding their presence, making Singapore a key p...

Economy

China's Inflation Sees a Slight Rebound in June, Signaling Economic Resilience

China's CPI rose by 0.1% in June, reversing May's decline, with PPI falling by 3.6% year over year. The data aligns with market expectations, showing signs of economic stabilizatio...

Economy

US Escalates Trade War: 20 New Tariff Letters to Be Sent, Says Commerce Secretary Lutnick

US Commerce Secretary Howard Lutnick announces the Trump administration's plan to send 15-20 new tariff letters, signaling an escalation in trade negotiations. The copper tariff is...

Economy

Trump Announces New US Tariffs Effective August 1, Impacting Global Trade Dynamics

President Trump confirms new US tariffs effective August 1, impacting global trade. Higher tariffs and potential trade agreements are on the horizon, with notifications to be sent ...

Economy

Bulgaria Set to Embrace the Euro in 2026: A Historic Milestone for the EU's Expansion

The European Council has finalized Bulgaria's adoption of the euro starting January 1, 2026, with a set conversion rate of 1.95583 lev per euro. The European Parliament's overwhelm...

Economy

EU Faces Economic Strain as Trade Uncertainties with the US Loom Over August Deadline

European Commissioner Valdis Dombrovskis discusses the impact of US-EU trade tensions on the economy, urging for a swift agreement before the August 1 deadline to alleviate uncerta...

Economy

US Unveils Bold Move to Block Chinese and Foreign Adversaries from Owning American Farmland

The US announces a ban on Chinese and other foreign adversaries from purchasing American farmland, introducing a National Farm Security Action Plan to reclaim and protect agricultu...