Economy News

Japan’s economy shrank by an annualized 0.7% in the first quarter, wiping out the 2.4% expansion recorded at the end of 2024. The contraction, worse than expected, was driven by a 2.3% fall in exports as U.S. tariffs under the Trump ...

Canada’s unemployment rate shot up to 6.9% in April, marking the highest level in six months as US-imposed tariffs on steel, aluminum, and automobiles has begun to bite. Statistics Canada reported a 0.2% increase in unemployment from March, largely driven by ...

In a move that sent global markets soaring, the United States and China agreed to a major rollback of tariffs for an initial 90 days, offering the first real de-escalation in a trade war that has shaken economies across the ...

The Bank of England has trimmed its benchmark interest rate by 25 basis points, bringing the cost of borrowing down to 4.25%. This makes it the fourth reduction since August, signalling growing confidence that inflation has been tamed enough to justify ...

Major automakers are pulling financial forecasts as tariff uncertainty muddies the global automotive waters. Stellantis, Mercedes-Benz, General Motors, Volvo, and Volkswagen have all hit pause on their annual investor guidance, citing uncertainty stemming from US trade policy. Stellantis, which oversees brands from ...

Unemployment across the eurozone held steady at a historic low of 6.2% in March 2025, unchanged from the previous month and significantly improved from 6.5% a year earlier. The broader EU also reported a stable rate of 5.8%, down from 6.0% ...

Global markets bounced back on Tuesday after US President Donald Trump signaled a shift in tone on both China tariffs and monetary policy. He promised a “substantial” but not total reduction in tariffs on Chinese goods, which calmed investor nerves ...

The European Central Bank has cut its main interest rate from 2.5% to 2.25%, marking the seventh reduction in just 12 months. The move comes amid escalating global trade tensions triggered by U.S. tariffs, which have injected fresh uncertainty into ...

Global trade is set to contract in 2025, with the World Trade Organization (WTO) slashing its forecast to a 0.2% decline in world merchandise trade volume. This sharp reversal comes on the heels of escalating tariff tensions, with U.S. President ...

While the world’s eyes have been on the tariff shenanigans, it’s the bond market that’s flashing the most urgent warning lights for economists. A sharp sell-off in longer-dated U.S. Treasuries has pushed yields notably higher—most strikingly, the 10-year Treasury yield surged ...

China’s exports surged in March, with outbound shipments rising 12.4% year-on-year in U.S. dollar terms—nearly triple market expectations. This frontloading frenzy comes as exporters rush to beat newly imposed U.S. tariffs, which have now reached a cumulative 145% under President ...

Recent market movements suggest investors are beginning to question the U.S.’s long-standing role as a global safe haven. Treasury yields have climbed sharply in recent days, just as the U.S. dollar has weakened more than 3% against a basket of ...

A sharp downturn in global commodity prices is heightening fears of an economic slowdown, with the S&P GSCI index — which tracks major energy, metals, and agricultural commodities — falling over 8% since April 2. This comes in the wake of ...

Global stocks took a steep dive on Monday, rattled by escalating tariff battles between the US and China. European indices suffered heavy losses, with Germany's Dax plunging 9% and London's FTSE down nearly 5%. Asia bore the brunt even more severely: ...

Global markets were rocked after US President Donald Trump escalated his trade offensive with a sweeping set of new tariffs. The move raised levies on Chinese imports from 20% to a staggering 54%, with Japan and South Korea slapped with 24% ...