Economy News

Economy

China Announces Significant Reduction in Tariffs on US Imports Starting May 14

China has announced a major reduction in tariffs on US imports, effective May 14, following recent trade talks. Tariffs will drop from 34% to 10%, with a 90-day suspension on plann...

Economy

US Inflation Dips Slightly to 2.3% in April, Surprising Analysts with Lower Than Expected Figures

The US annual inflation rate slightly decreased to 2.3% in April, below analysts' expectations. Shelter and energy prices were the main contributors to the monthly CPI increase, wh...

Economy

Trump's Tariff Strategy: A Closer Look at Fentanyl Progress and Trade Deficit Reduction

US Trade Representative Jamieson Greer discusses President Trump's conditional approach to adjusting China tariffs based on fentanyl crisis progress, emphasizing efforts to reduce ...

Economy

Singapore's Gold Rush: Safe-Haven Demand Drives Record Sales Amid Global Uncertainty

Singapore witnesses a 35% surge in gold demand, driven by safe-haven seeking investors amid global uncertainty, while jewelry sales decline due to high prices.

Economy

April Sees a Dip in US Small Business Optimism: NFIB Report Highlights Concerns

The NFIB reports a 1.6-point drop in the Small Business Optimism Index for April, signaling concerns among US small business owners. Further analysis is awaited to uncover the reas...

Economy

BoE's Chief Economist Warns of Persistent Inflation Risks and Structural Economic Shifts

Bank of England Chief Economist Huw Pill warns of second-round inflation effects and structural changes in price and wage setting, indicating a need for persistent monetary policy ...

Economy

German Economic Optimism Soars in May: A Surprising Turnaround Signals Hope

The German economic sentiment has unexpectedly improved in May, raising hopes and questions about the future of Europe's largest economy and its impact globally.

Economy

ECB's Gabriel Makhlouf Warns of Prolonged Uncertainty Amid Trade Wars and Geoeconomic Fragmentation

ECB's Gabriel Makhlouf warns of prolonged uncertainty due to trade wars and geoeconomic fragmentation, stressing the need for careful monetary policy calibration to safeguard the E...