Economy News

Australia’s Reserve Bank has lowered its benchmark lending rate by 25 basis points to 3.6%, the lowest since April 2023, while trimming its 2025 GDP growth forecast to 1.7% from 2.1%. The move follows a sharper-than-expected slowdown in public demand early ...

China’s export sector delivered stronger-than-expected growth in July despite persistent friction with Washington, as trade flows pivoted toward Africa and Southeast Asia. Official data showed exports rising 7.2% year-on-year, outpacing forecasts of under 6%, while imports grew 4.1%, the fastest pace ...

As the US and China prepare for their third high-level meeting of the year in Stockholm, expectations are being managed. With US tariffs on Chinese imports still sitting at 30% and Chinese retaliatory tariffs holding at 10%, both sides appear inclined ...

In all of the growing economic uncertainty and a changing geopolitical order, the EU and Japan are strengthening their trade alliance as protection against pressure from both China and the US. At the 30th EU–Japan summit in Tokyo, leaders promised to ...

Singapore’s inflation rate held at 0.8% in June, maintaining its lowest level since early 2020 and coming in just below economists’ forecast of 0.9%. Core inflation, which excludes private transport and housing, remained unchanged at 0.6%, reinforcing expectations that the Monetary ...

Despite the STOXX Europe 600 edging past the S&P 500 in year-to-date gains, the market cap of Europe’s top seven listed firms—SAP, Novo Nordisk, Hermès, ASML, LVMH, Roche, and Nestlé—remains stagnant at $2.2 trillion. Meanwhile, the US’s so-called Magnificent Seven—Nvidia, Microsoft, ...

China’s economy maintained steady momentum in the second quarter, expanding by 1.1% from April to June and hitting an annualized growth rate of 5.2%, according to the National Bureau of Statistics. That keeps the country comfortably on course to meet its ...

Investor confidence in Germany surged in July, with the ZEW Economic Sentiment Index hitting 52.7, which was its highest reading since February 2022 and well above the consensus forecast of 50.3. The gain from June’s 47.5 reflects renewed optimism around potential ...

U.S. President Donald Trump has reignited global trade tensions by announcing a blanket 10% tariff on any country aligning itself with BRICS (traditionally Brazil, Russia, India, China, and South Africa) policies that he claims undermine American interests. Last year, the list ...

A new oil pipeline running to British Columbia’s coast looks increasingly likely to join Canada’s fast-track list of nationally significant projects, according to Prime Minister Mark Carney. This comes as Canada looks to speed up major projects aimed at strengthening its ...

Eurozone inflation nudged back to 2% in June, marking the first rise since January and keeping the European Central Bank on alert. Consumer prices rose 2% year-on-year, up from 1.9% in May, matching forecasts. Monthly inflation accelerated to 0.3%, after staying ...

The eurozone economy showed little momentum in June, with business activity stagnating and PMI figures missing market expectations. The composite PMI for the bloc held steady at 50.2, just above the line separating growth from contraction, but short of the anticipated ...

As trade tensions simmer between the EU and Washington, German and French aerospace industries have closed ranks on a key issue: retaliatory tariffs must focus on complete US aircraft and helicopters, not critical spare parts. With the European Commission weighing ...

In a week of global monetary policy announcements, central banks revealed contrasting monetary strategies. The U.S. Federal Reserve held its benchmark interest rate steady at 4.25%–4.5%, keeping it unchanged since December. However, policymakers still anticipate two rate cuts in 2025, despite ...

European markets opened Tuesday under heavy pressure as rising oil prices and escalating Middle East tensions rattled global investors. Crude prices added 87 cents early in the session, with Brent reaching $74.10 per barrel and US benchmark crude climbing to $72.64. ...