Economy News

Economy

China Strikes Back: Imposes Import Curbs on EU Medical Devices Amid Trade Tensions

China announces restrictions on EU medical device imports in retaliation to EU's new rules limiting Chinese firms' access to its public procurement market, emphasizing protection o...

Economy

UK Housing Market Shows Resilience with a 2.5% Annual Price Increase in June

UK house prices rose by 2.5% annually in June, with the average price at £296,665. The market shows resilience with a rebound in transactions and approvals, despite a slight quarte...

Economy

Trump Imposes 10% Tariff on BRICS-Aligned Nations, Vows No Exceptions

President Donald Trump announces a 10% tariff on BRICS-aligned countries, calling their policies anti-American. The policy has no exceptions, with notifications to affected countri...

Economy

Germany's Industrial Sector Surges: A 1.2% Rise in May Sparks Economic Optimism

Germany's industrial production increased by 1.2% in May, with significant growth in the automotive, energy, and pharmaceutical sectors, despite a decline in construction and inter...

Economy

ECB's Centeno Warns: The Real Threat Is Inflation Dropping Below 2% Target

Mario Centeno of the ECB warns that inflation falling below the 2% target is the main risk, with potential rate cuts dependent on economic growth, investment, and price levels.

Economy

Japan's Debt Dilemma: Fitch Warns of Long-Term Risks Amid Aging Population and Rising Costs

Fitch Ratings reports on Japan's declining debt-to-GDP ratio due to reflationary dynamics, but warns of future strains from aging costs and higher spending, with bond yields rising...

Economy

Germany's Economic Outlook: Navigating Tariffs and Growth Beyond 2026

Deutsche Bundesbank President Joachim Nagel discusses the impact of US tariffs on Germany's economy, with significant effects expected in 2025 and 2026. However, positive fiscal po...

Economy

Moody's Shocks the Market: US Credit Rating Downgraded to Aa1 Amid Rising Debt Concerns

Moody's has downgraded the US credit rating to Aa1, citing rising government debt and interest payments. The agency warns of future economic strains but notes the US's stable outlo...